B2B Order-to-Cash and Digital Payments Leader
Received Highest Overall Rating
LAWRENCEVILLE, N.J., Oct. 19,
2023 /PRNewswire/ -- Billtrust, a B2B
order-to-cash and digital payments market leader, announced today
that it has been named a 2023 technology leader in the SPARK
Matrix™ analysis of the global Accounts Receivable (AR)
Applications market. Produced by Quadrant Knowledge Solutions, the
SPARK Matrix is a snapshot of the market positioning of key vendors
in AR where participants are analyzed against several parameters of
technology excellence and customer impact. As one of 19 vendors,
Billtrust received the highest overall ratings and ranked highly in
several attributes including range of services, unified AR
platform, scalability, AI integration and more. The full report can
be accessed here, and a recent webinar featuring Vishal Jagasia, Senior Analyst at Quadrant
Knowledge Solutions, can be viewed here.
According to Vishal Jagasia,
"Billtrust's accounts receivable application sets a new standard in
optimizing financial operations. Their cloud-based solution, finely
tuned to the needs of modern businesses, elevates cash flow
management, reduces operational costs and enhances customer
interactions. A leader in the marketspace of B2B order-to-cash,
Billtrust empowers organizations to navigate the future of finance
with ease and agility."
"Billtrust offers comprehensive solutions to automate invoice
delivery, payment processing and cash application," said Dharun
Rajasekaran, Analyst at Quadrant Knowledge Solutions. "The
company's strategic advantage lies in its range of services,
including managed services, professional consulting and
implementation support. By accelerating cash flow and providing a
unified platform, Billtrust empowers businesses with improved
visibility, a simplified tech stack and enhanced payment reception
capabilities."
"We believe this recognition from Quadrant Knowledge Solutions
is emblematic of what our over 2,600 global customers already know
– that Billtrust provides them with the best platform to digitize
and automate order-to-cash operations to shield their financial
health and maintain cash flow certainty," said Sunil Rajasekar, Billtrust CEO.
Escalating labor costs and interest rates, as well as staffing
challenges and work-from-anywhere environments, are driving demand
for more automation and digitization to reduce costs and increase
efficiency. As a recognized B2B order-to-cash and digital payments
market leader, Billtrust is able to address these challenges
through its cloud-based software and integrated payment processing
solutions that enable organizations to accelerate cash flow, lower
AR costs and improve the customer experience.
Billtrust's SPARK Matrix leadership position builds on the
company's recent recognition as a Leader in the G2 Grid® Report for
Accounts Receivable Automation Software for Fall 2023. This is the
tenth consecutive quarter in which Billtrust has been recognized as
a Leader by G2, one of the world's largest and most trusted
software marketplaces.
About Billtrust
Finance leaders turn to Billtrust to
control costs, accelerate cash flow and improve customer
satisfaction. As a B2B order-to-cash software and digital payments
market leader, we help the world's leading brands get paid faster
while transitioning from expensive paper invoicing and check
acceptance to efficient electronic billing and payments. With over
2,600 global customers and more than $1
trillion invoice dollars processed, Billtrust delivers
business value through deep industry expertise and a culture
relentlessly focused on delivering meaningful customer
outcomes.
About Quadrant Knowledge Solutions
Quadrant Knowledge
Solutions is a global advisory and consulting firm focused on
helping clients as a strategic knowledge partner in achieving
business transformation goals with Strategic Business and Growth
Advisory Services. Quadrant's research and consulting deliverables
are designed to provide comprehensive information and strategic
insights for helping clients formulate growth strategies to survive
and thrive in ever-changing business environments. For more
available research, visit:
https://quadrant-solutions.com/market-research/.
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SOURCE Billtrust
