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 Billtrust
Named as Finalist for the 2010 Red Herring 100 North America
Award
Billtrust announced today it has been selected as a Finalist
for Red Herring's North America 100 award, a prestigious
list honoring the year’s most promising private technology
ventures in North America. The Red Herring editorial team
selected the most innovative companies from a pool of hundreds
from across North America. The nominees are evaluated on
both quantitative and qualitative criteria, such as financial
performance, technology innovation, quality of management,
execution of strategy, and integration into their respective
industries. July 1, 2010. |
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Billtrust
Announces Partnership with QAD
Billtrust, a leading billing service provider for the B2B
market, and QAD Inc., a leading provider of
enterprise applications for global manufacturers, today announced
a partnership to provide expanded solution integration between
Billtrust's CompleteBilling and QAD Enterprise Applications.
QAD customers integrating with Billtrust can achieve savings
on the costs associated with the bill delivery and payment
process while streamlining tasks. June
24,
2010. |
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Best
Practices for Driving Electronic Billing
Billtrust, the leading B2B outsourced billing provider, saw
a 92% growth in the number of bills they sent electronically
in 2009. Behind this growth is the story of innovative companies
like Granite City Electric that are applying best practices
to convert their customers to eBilling channels. March
18,
2010. |
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Billtrust
Announces CustomerCare 8.0
Billtrust
has announced the release of CustomerCare 8.0. This release
features significant enhancements that provide customers
with additional tools to drive productivity in the management
of the billing process. Billtrust clients use CustomerCare
to respond to billing questions from their customers, accept
payments over the phone, and manage customer bill delivery
options. This new version makes it easier than ever to quickly
find, research and resend multiple copies of invoices and
statements. February 4, 2010. |
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Billtrust
Reports Record Growth in 2009
Billtrust, the leading provider of outsourced billing services,
announced record results in 2009 with the company achieving
revenue growth of 70%. Over 450 companies are now using Billtrust’s
services for the processing and delivery of their bills.
Prestigious companies including Chiquita Brands, Toshiba
America Information Systems, New Balance, Tech Data Corporation
and WESCO Distribution, Inc. are now a part of Billtrust’s
client roster. January 12, 2010. |
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Billtrust
Ranked Number 182 Fastest Growing Company in North America
on Deloitte's 2009 Technology Fast 500
Billtrust, the leading provider of outsourced billing services,
has been named to Deloitte's prestigious Technology Fast
500™, a ranking of the 500 fastest growing technology,
media, telecommunications, life sciences and clean technology
companies in North America. Rankings are based on percentage
of fiscal year revenue growth during the five year period
from 2004-2008. Billtrust ranked 182nd on the list with revenue
growth of over 740% during this period. October
28, 2009. |
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Billtrust
Expands Print and Mail Coverage in North America
Billtrust, the leading billing service provider, today announced
the expansion of the Billtrust Distribution Network (BDN)
to include two new facilities in Sacramento, California and
Toronto, Canada. With the addition of these facilities, the
BDN is now supporting its customers via six regional locations
in New Jersey, Florida, Illinois, Oregon, California and
Toronto. September 16,
2009. |
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Making
Green a Successful Strategy
This article, from the August 2009 issue of The Wholesaler,
tells the story of Riley Sales green initiative. Riley Sales
is focus on using green to expand their product base to drive
their revenue and profits. To position themselves properly
in the market and drive margins, Riley Sales integrated their
paperless billing initiative into their overall greens strategy. August,
2009. |
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Billtrust
Recognized by NJBIZ for its Environmental Innovation
Billtrust, the leading provider of outsourced billing
services, has been recognized by NJBIZ in the Environmental
Innovation category of the NJBIZ Green Leadership Awards
program. The Green Leadership Awards recognize and celebrate
New Jersey’s businesses for their environmental achievements
and initiatives. June
3,
2009. |
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Billtrust's
Billtrust eLockbox Takes Paper Out of The Payment Process
Billtrust, the leading billing service provider, today announced
the launch of Billtrust eLockbox, a new service that helps companies
benefit from the growing trend in online bill payment. More
and more households are paying their bills online through
their banks or other third party alternatives. A study by
Javelin Strategy and Research estimates that 32 million households
are using online payment today. According to the study, this
number is expected to grow to 42 million by 2012. May
28,
2009. |
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Bill
Recipients Say Email Billing is Better
Billtrust, the leading billing service provider, announced
results of a billing survey conducted in conjunction with
IDEXX Laboratories. The goal of the study was to measure
satisfaction levels among IDEXX customers for their bill
delivery method and bill design. The results of the research
highlight the importance for B2B companies in understanding
the different bill delivery methods available. April
22,
2009. |
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Billtrust
Helps Billers Go Paperless with EasyImport 2.0
Billtrust today announced
the launch of EasyImport 2.0. EasyImport allows bill recipients
to download billing data received from their supplier, directly
into their accounting packages. With Billtrust’s newest
version of EasyImport, businesses can now download billing
data into the following industry leading accounting packages
- QuickBooks, Peachtree, Timberline, Viewpoint, and Dexter & Chaney’s
Forefront. Further, the data can also be downloaded into
a CSV file. The new release also features an improved user
interface featuring easy to use menus to generate downloadable
files that can be accessed via email or online. February
26,
2009. |
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More
Businesses Turn to Billtrust to Cut Costs in a Tough Economy
Billtrust, the leading provider of outsourced billing services,
announced a record year in 2008 as the company exceeded all
of its performance milestones. Over 350 companies are now
using Billtrust’s services for the processing and delivery
of their bills. Prestigious companies including Chiquita
Brands and Toshiba America Information Systems joined Billtrust’s
client roster this past year. January
12,
2009. |
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Billtrust
Recognized as a Deloitte Technology Fast 50 Company
Billtrust, the leading provider of outsourced billing services,
has been named to Deloitte's prestigious Technology Fast
50, a ranking of the 50 fastest growing technology, media,
telecommunications, and life sciences companies in the NY,
NJ and CT area. Rankings are based on percentage revenue
growth over five years from 2003-2007. Billtrust ranked 23rd
in the Technology Fast 50 with revenue growth of over 1,600
percent from 2003 to 2007. October
24, 2008. |
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E-Billing:
the Most Overlooked Green Practice?
How can the average U.S. household save almost a tenth of
a tree each year? By switching to electronic bills, statements,
and payments, the average household saves 6.6 pounds of paper,
avoids producing 171 pounds of greenhouse gas emissions,
and saves .079 of a tree annually, reports the Pay It Green
Alliance. The hurdles to e-billing are dropping away as more
businesses and consumers embrace the technology behind e-billing
and see the timesaving benefits involved. The environmental
arguments for e-billing are simple: less paper waste and
lower greenhouse gas emissions. October
20,
2008. |
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Billtrust
Makes It Even Easier To View and Pay Bills Online
Billtrust, the leading provider of outsourced billing services,
has announced a new release of its advanced EIPP (Electronic
Invoice Presentment and Payment) product, Invoice Gateway.
The new release features an improved user interface and more
flexible payment options for both the biller and the bill
recipient. Online bill presentment and payment has undergone
significant growth in recent years. In 2001, there were 60
million bills paid electronically. In 2008, the number has
grown to a staggering 5 billion, according to The Tower Group.
The new release of Invoice Gateway will help B2B companies
capitalize and accelerate this trend. September
9, 2008. |
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Going
Green with Paperless Billing
Paperless billing is being adopted at a faster pace than
ever because of the benefits it provides to all parties.
The biller achieves cost reductions while their customers
enjoy the convenience of receiving bills electronically.
Best of all, paperless billing has significant benefit to
the environment. Billtrust, a leader in outsourced
billing, has been recognized by Plant a Tree USA™ with
the Great Green Business Award for their success in converting
customers to eBilling. Over the past year, many Billtrust
customers have more than doubled their e-Adoption Rate. Not
only does this deliver cost savings, it also has a positive
impact on the environment. August 5,
2008. |
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Bradco
Supply Corporation Selects Billtrust for Outsourced Billing
Services
More and more billers are turning to outsourced billing solutions
for cost reductions and improved customer service. Bradco
Supply Corporation has chosen Billtrust to manage the presentment
and delivery of their invoices and statements. Using Billtrust,
Bradco will be able to reduce their billing costs and improve
the quality of billing services they provide to their customers. June
25, 2008. |
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Are you taking advantage of one of your most powerful marketing assets?
This may be one of the most challenging years the industry
has faced. While many distributors are focused on productivity
improvements and ways to reduce DSO, others are implementing
new approaches for driving revenue. That’s where your
invoice comes in. Your invoice can be a powerful marketing
vehicle. May 17,
2008. |
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Billtrust
Kicks Off 2008 by Pulling More Savings from the Bullpen
Billtrust
announced a major upgrade to their innovative Bullpenning
platform. Companies use Billtrust’s Bullpenning to
reduce their costs by optimizing the delivery of their
bills based on a range of different criteria. “We are
constantly reviewing our processes to identify cost saving
opportunities,” said Andy Waring, CFO of Stuart Irby,
a division Sonepar, a worldwide leader in the electrical
distribution market. “Bullpenning has saved us hard
dollars by combining low dollar invoices into a weekly mailer.
With the rising cost of postage this has become more important
to us than ever.” January
22, 2008 |
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Paperless
Invoicing is Gaining Ground
A recent report by Allen Ray Associates, Channel Marketing
Group and Billtrust says that as companies become more comfortable
with electronic processes, customers are gravitating toward
receiving invoices electronically via email or by downloading
them off a distributor’s Web site. Customers say they
can invoice their customers more quickly and improve cash
flow, more quickly reconcile purchase orders to invoices,
and reduce manpower hours devoted to opening and matching
invoices. December 11, 2007 |
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Case
Studies: Cost Savings and Improved Customer Service Gained
By Outsourcing the Billing Process
The benefits from eliminating manual processing and paper
billing are extremely compelling. Here we look at two companies
that moved the processing and distribution of invoices and
statements to a third party, and they are glad they did! November, 2007 |
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USESI
Selects Billtrust to Support their Bill Process
Billtrust
announced today that industry leader USESI will use Billtrust
services for invoice delivery and payment processing. Billtrust’s
services allow distributors to save money on their paper
billing and seamlessly transition to electronic billing and
payment. Instead of managing the bill delivery process in-house
or using a mail house, distributors use Billtrust for cost
and productivity savings, along with improved service to
their customers. October 30,
2007 |
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Billtrust
Named to the Inc. 500 as One of the Fastest Growing Private
Companies in America
Billtrust, the leading provider of outsourced billing services,
announced today that it has been named to the coveted Inc.
500 list of the fastest growing private companies in America.
Billtrust placed 206th on the list overall and 6th in the
Business Services category. August
29, 2007 |
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Eclipse
User Group/UFO Using Billtrust for Bill Delivery
Billtrust, the leading provider of outsourced billing services
to wholesale distributors, was selected by the Eclipse User
Group/UFO for the delivery of their invoices to its membership.
With Billtrust’s billing services, the UFO can deliver
invoices by U.S. Mail or via electronic delivery methods
such as email or fax. August 14, 2007 |
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Electronic
Bill Delivery Takes Off at Billtrust
Billtrust, the leading provider of outsourced billing services,
announced a +40% increase in their e-Adoption rate since
the beginning of the year. This rate is calculated by taking
the total number of invoices sent electronically and dividing
by the total number of bills sent for a defined time period.
According to Mitch Rose, VP Marketing at Billtrust, "For
several years we have been helping our customers migrate
their customers to electronic bill delivery. Our research
indicated that the time was right for a dedicated e-Adoption
effort." July
24, 2007 |
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Billtrust
Upgrades Its Online Bill Presentment and Payment Capabilities
Billtrust, the leading provider of outsourced billing services,
announces the selection of JPMorgan Chase to provide cash
management solutions to increase its online bill presentment
and payment capabilities...With the support of JPMorgan Chase,
Billtrust now offers a variety of online payment options
for its clients that will increase efficiency throughout
the payment collection process, improve cash flow and maximize
profits. May
10, 2007 |
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Schaedler
Yesco Distribution Recognized for Leadership in Electronic
Document Delivery
Billtrust has recognized Schaedler Yesco Distribution for
achieving the highest eBilling percentage among the 36 NAED
distributors currently using their services for the processing,
delivery, and electronic payment of their invoices. Schaedler
Yesco has been outsourcing the delivery of their invoices
to Billtrust since early 2005 and is currently delivering
44.6% of their bills electronically. For every bill delivered
electronically versus U.S. Mail Schaedler Yesco saves more
than 75%. April 24, 2007 |
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Outsourced
Billing; Mayer Electric Moves Away From In-House Mailings
In the mid-1990s, Mayer Electric Supply prepared and mailed
its invoices and statements in-house. The distributor had
employees who printed the mailings on high-speed printers
at night and used a machine to fold and stuff
the mailings. "It was quite a cost factor to do all of that," says Mayer Electric
CIO Barry Carden. So Mayer started looking at outsourcing. Modern Distribution
Management. February 25, 2007 |
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Billtrust
Reports Accelerated Growth In Outsourcing and Significant
Adoption of Electronic Bill Delivery and Payment
Billtrust,
the leading provider of outsource billing services, reports
a significant increase in the number of companies outsourcing
the billing function. They are also reporting triple digit
growth in the use of electronic billing delivery and payment
programs. February
6, 2007 |
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Billtrust and Mincron Software Form Strategic Alliance
to Offer Outsourced Billing Service for Wholesale Distributors
Billtrust,
the leading billing service provider for the distribution
industry, and Mincron Software Systems (Mincron), a premier
software supplier of distribution and warehouse solutions,
today announced a strategic alliance to enhance Mincron’s
solutions in the critical area of billing services. Mincron
will offer its client companies Billtrust’s CompleteBilling
Service, which includes outsourced paper and electronic billing,
an online customer service tool, expert bill redesign, and
in-bill marketing. January 23, 2007 |
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Billtrust
Closes on $4 Million in Expansion Capital
Billtrust today announced that it has closed a $4 million
round of venture capital investment provided by Edison Venture
Fund. Launched in 2001, Billtrust has grown rapidly to become
a premier provider of billing services to companies throughout
the United States. This investment will be used to enhance
its innovative paper and electronic billing solutions while
investing in its sales, marketing and customer service departments. October
17, 2006 |
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Online
Billing Gets Its Due
Fueled by tremendous pressure to reduce operations costs
and improve customer satisfaction, online billing is on the
minds of more corporate billers these days – and for
good reason. For firms of all sizes, electronic bill presentment
and payment is delivering on its promise to significantly
reduce billers’
costs, while speeding cash flow and increasing customer loyalty. September
6, 2006 |
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Mayer
Electric Supply Selects Billtrust CompleteBilling Service
Billtrust, the leading billing service provider for distributors,
announced today that Mayer Electric Supply has selected its
CompleteBilling Service for paper and electronic billing.
Mayer, the fifteenth largest electrical distributor in the
U.S. according to Electrical Wholesaling magazine’s
2006 rankings, will use Billtrust to deliver invoices and
statements to its clients via US mail, email, fax and internet. July
10, 2006 |
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Billtrust
Introduces Invoice Gateway for Business Billers
Billtrust, the leading billing service provider for midmarket
companies, announced today the immediate availability of
Invoice Gateway, a service that lets business-to-business
billers provide their customers with real-time access to
billing documents via an integrated web delivery channel. November
10, 2005 |
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Technology:
Save $$$ on billings and records
Process improvement cannot be over emphasized in today’s
business climate. Many small businesses are now leveraging
third-party tools to improve their traditional billing system
processes and reducing cost at the same time. October
2005 |
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Billtrust
and DMSi Software Form Strategic Alliance to Offer Outsourced
Billing Service for Wholesale Distributors
Billtrust, the leading billing service provider for the distribution
industry, and DMSi Software, a premier supplier of business
management solutions for lumber wholesalers and building
material distributors, today announced a strategic alliance
to enhance DMSi's solutions in the critical area of billing
services. July 18, 2005 |
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Billtrust
Adds Industry Veteran as Marketing and Sales Vice President
Billtrust, a leader in outsourced billing solutions, today
announced that Thomas A. Scott has been named Vice President
of Sales and Marketing. In this role, Mr. Scott will be responsible
for leading Billtrust's national sales team and communicating
the company's vision to the market. June
7, 2005 |
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Billtrust
Forms National Marketing Alliance With WIT & Co.
WIT & Co., Ltd., a nationwide, member owned and managed distribution
channel for plumbing and HVAC supply companies, and Billtrust,
a leader in outsourced billing solutions, today announced
an agreement making Billtrust an Approved Source for billing
services for WIT's more than 70 distributors. February
21, 2005 |
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Billtrust
Wins Outsourced Billing Contract with Deep Rock Water
Billtrust, a leader in outsourced billing solutions, today
announced that it has been awarded a contract to provide
Deep Rock Water, a major bottled water company serving customers
from Minnesota to Colorado, with an integrated solution for
its next generation billing and customer care needs for 2004
and beyond. December 9, 2004 |
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Billtrust
Wins Bid to Provide Billing Re-Engineering Solution for
IDEXX Laboratories
Billtrust today announced that they have been selected by
Westbrook, Maine based IDEXX Laboratories, Inc. as the vendor
of choice to provide a comprehensive billing solution. July
19, 2004 |
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84
Lumber Selects Billtrust for Outsourced Billing Services
Billtrust, a leading provider of outsourced billing solutions,
today announced that it has been selected by 84 Lumber Company
for all of their billing needs. June
14, 2004 |
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Prism
Visual Software Selects Billtrust as Partner for Outsourced
Billing Soultions
Billtrust, a leading provider of outsourced billing solutions,
today announced it has been chosen by Port Washington, NY
based Prism Visual Software, Inc. to be its billing partner
of choice. March 22, 2004 |
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Culligan
of Tri-Cities Selects Billtrust's CompleteBilling Solution
Billtrust, a leading provider of outsourced billing solutions,
today announced that Culligan of Tri Cities, headquartered
in Blountville, TN, has chosen its CompleteBilling outsourced
billing solution to handle all of their billing needs. February
9, 2004 |
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Billtrust
Announces CompleteBilling for Eclipse
Billtrust, a leading provider of outsourced billing solutions,
today announced the release of its CompleteBilling® product
for use with Intuit's® Eclipse™ Distribution Management
Solution (DMS). November 10, 2003 |
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Billtrust
Paves Way For Improved Customer Servier, Faster Resolution
Of Billing Inquiries
Billtrust, a leading provider of outsourced billing solutions,
today announced the availability of a new service that allows
businesses to quickly access comprehensive customer billing
information. October 8, 2003 |
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Billtrust:
Paper trail a bumpy road
Electronic billing saves time, money and effort for businesses
and their customers, yet many companies have chosen to delay
their transition from paper. Now, a West Windsor-based company
called Billtrust is working hard to convince such firms to
take the digital plunge by starting a major sales campaign
and promising to make the switch-over as painless as possible. September
2003 |
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Billtrust
Selected by 1-800-DryClean for Outsourced Billing
Billtrust, a leader in outsourced billing solutions, today
announced that 1-800-DryClean has selected its CompleteBilling
suite as its preferred outsourced billing solution. August
4, 2003 |
