BTRS Holdings Inc. (BTRS)

Overview

BTRS Holdings Inc. specializes in empowering businesses globally through innovative cloud-based software and integrated payment processing solutions tailored to enhance and automate business-to-business (B2B) commerce. The company's operations are structured into two primary segments: Print, and Software and Payments. BTRS addresses several critical components of the B2B transaction lifecycle, including credit evaluation and monitoring, online procurement, invoicing, payment processing, cash reconciliation, and collections management. Established in 2001 and headquartered in Lawrenceville, New Jersey, BTRS Holdings Inc. transitioned to private ownership on December 16, 2022. The organization serves a diverse range of clients across various industries, including technology, healthcare, industrial, wholesale distribution, and consumer packaged goods.

Products and Services

• Credit Application:

  This module streamlines the onboarding process for new customers by providing real-time credit-related information digitally during initial sales activities, thus facilitating efficient prospect evaluation.

• Credit Management:

  The credit management module allows businesses to continuously assess and monitor credit risk for their clientele, ensuring sustained financial health and proactive management of receivables.

• Order/E-commerce:

  Designed specifically for wholesale distributors, this module offers robust online sales capabilities, enhancing the customer experience and facilitating smoother order management processes.

• Invoicing:

  The invoicing module optimizes invoice delivery across multiple distribution channels, ensuring timely billing and reducing delays in payment collection.

• Integrated B2B Payments:

  This service provides seamless transaction capabilities at every interaction point in the solution set, making it convenient for businesses to execute and manage payments.

• Cash Application:

  The cash application module performs line-item matching within accounting and ERP systems, ensuring accurate revenue reconciliation and improving financial reporting accuracy.

• Collections:

  This proactive collections module shifts traditional reactive recovery efforts into a customer-centric approach aimed at preventing payment delays and enhancing the overall customer experience.

• Business Payments Network:

  BTRS’s Business Payments Network acts as a central hub that links suppliers, Accounts Payable (AP) portals, payment card issuers, banks, and payment processors to facilitate efficient electronic payments, fostering an interconnected payment ecosystem.