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American Business Awards

17

Billtrust, the leader in B2B order-to-cash solutions, announced today that the company was named the winner of a Gold Stevie® Award in the Business Technology – Payments Solution category in The 17th Annual American Business Awards®.

The American Business Awards are the U.S.A.’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small.

More than 3,800 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories. Billtrust was nominated in the New Product category for Business Technology – Payments Solution. The company won for its Business Payments Network (BPN).

In November 2018, Billtrust and Visa announced their collaboration on Billtrust’s BPN which is designed to streamline the delivery of electronic B2B payments to suppliers. As a unique supplier-driven B2B payments network, BPN provides a transparent registry of suppliers who accept digital payments, giving buyers and financial institutions the necessary access to automate what has historically been a complex process.

To date, Billtrust has automated over $1 billion in payments originating from payable providers now participating in BPN. Traditionally routed through email, automating these payments has eliminated almost 36,000 hours of manual data entry, processing and invoice matching against suppliers’ outstanding invoices.

“Getting paid quickly and painlessly is Billtrust’s talent,” said one judge. “This sounds like a great way to support businesses and revolutionize payments, irrespective of the size of the business,” said another judge. “Especially while maintaining the privacy of payments and providing the payment preferences of each vendor and supplier.”

“We are thrilled that Billtrust’s BPN has been recognized and awarded a Gold Stevie from The American Business Awards,” said Flint Lane, CEO of Billtrust. “Since Billtrust launched BPN in late 2018, we have experienced great momentum. In collaboration with Visa, we are excited to offer financial institutions and buyers the benefits of BPN. As BPN continues to provide the ability to deliver digital payments directly to the supplier’s acceptance platforms, we expect to see further shifts in the way businesses pay and get paid.”

“The nominations submitted to The 2019 American Business Awards were outstanding.  They illustrate the continued vibrancy of innovation and high level of achievement across the American economic landscape,” said Michael Gallagher, president and founder of the Stevie Awards.

Nicknamed the Stevies for the Greek word meaning “crowned,” the awards will be presented to winners at a gala ceremony at the Marriott Marquis Hotel in New York on Tuesday, June 11.

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Ivy Heffernan, student of Economics at Buckingham University. Junior Analyst at HeffX and experienced marketing director.