Billtrust: Use Cases, Capabilities & Competitors

Billtrust helped WORLDPAC lower its average days sales outstanding to 27 days. WORLDPAC automated billing and payments, giving customers flexible ways to view and pay invoices. Billtrust Digital Lock...box sped up payments by 3.5 days and automated over $16 million in payments in six months. WORLDPAC saved $170,000 a year in credit card processing costs. Digital payments rose by 80% in three months.
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Billtrust helped Werner Electric Minnesota automate accounts receivable. The company achieved a 97% electronic invoice delivery rate and saved $332,000. Cash application match rates reached 91% acros...s 348,000 invoices. Payments are now collected 3-7 days before due dates. Productivity improved by 50%, and operational cost savings reached $82,000 per year.
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Billtrust helped Ward Transport and Logistics automate over $80 million in payments. The company used Billtrust Digital Lockbox and AP Portal Delivery to process ACH, wire, and credit card payments. ...Ward saved more than 1,300 hours of manual work since the start of the year. Monthly ACH payment volume grew from $2 million to $12 million. Customers and staff now enjoy a faster, easier payment experience.
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Billtrust hielp Vulcan Materials, een grote producent van bouwmaterialen, om hun order-to-cash-processen te automatiseren. Ze implementeerden digitale facturering, cash application en een online kred...ietaanvraagoplossing. In 2021 ontving 90% van de klanten hun facturen digitaal, een stijging van 23% ten opzichte van 2020. De matchingpercentages stegen tot 80% dankzij machine learning. Nieuwe kredietaanvragen worden nu binnen een dag beoordeeld en goedgekeurd.
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Billtrust Cash Application helped a transport broker automate payments and remittances. The company serves over 7,000 customers and 30,000 carriers across North America. Manual order-to-cash processe...s became unmanageable as the business grew. Billtrust automated cash application, invoicing, and payments. The broker achieved a 91% match rate for lockbox payments and 86% for electronic payments. Billtrust also enabled digital and paper invoice management for customers.
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Billtrust Invoicing and Payments helped Sunstate Equipment process 80% digital payments in just 64 days. Sunstate needed a secure, fast payment solution to improve compliance and speed up internal pr...ocessing. Billtrust's platform gave customers 24/7 access to view and pay invoices. Over 90% of payments were matched automatically. The project finished nearly a month ahead of schedule.
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