BTRS Holdings Inc (BTRS)

BTRS Holdings Inc., doing business as Billtrust, provides cloud-based software and integrated payment processing solutions that automate business-to-business (B2B) commerce worldwide. The company operates in two segments: print, software, and payments. Its products include Credit Application, a B2B credit application module that provides a digital process that delivers credit-related information in real-time to streamline prospect evaluation and new customer onboarding during initial sales activity; Credit Management, a credit management module that provides ongoing risk assessment for its customers’ customers; Order/E-Commerce, a module that offers B2B wholesale distributors e-commerce capabilities; and Invoicing Module, which enables its customers to optimize invoice delivery across various distribution channels. The company’s products also comprise integrated B2B payments, which enable customers to facilitate payments at every possible touchpoint across the solution set; a cash application module, which enables revenue reconciliation through line item reconciliation within accounting and ERP systems; a collections module that enables customers to shift from a reactive recovery-centric model to a strategic customer touchpoint-centric operation, preventing payment delays, and driving positive customer experiences; and a business payments network, which makes accepting electronic payments easier by connecting suppliers and their underlying systems, AP portals, payment card issuers, banks, and payment processors. It serves customers across various industry verticals, including technology, healthcare, industrial, wholesale distribution, consumer packaged goods, and others. The company was founded in 2001 and is based in Lawrenceville, New Jersey with additional offices in Hamilton, New Jersey; West Sacramento, California; Ghent, Belgium; Amsterdam, the Netherlands; and Kraków, Poland.