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Billtrust (NASDAQ: BTRS) has partnered with Johnstone Supply, a top HVACR distributor, to enhance the order-to-cash process for over 90 business owners. This collaboration leverages Billtrust’s invoicing and payment solutions, aimed at accelerating payment processes and improving cash flow. As a result, Johnstone Supply’s business owners can enhance digital payment acceptance and reduce operational costs. This alliance emphasizes Billtrust's expertise in automating accounts receivable for wholesalers, aligning with their mission to streamline B2B commerce.
BTRS Holdings Inc. (NASDAQ: BTRS), a leader in B2B accounts receivable automation and integrated payments, will participate in several investor conferences in August 2022. The company is set to host meetings at the Canaccord Genuity 42nd Annual Growth Conference in Boston, MA on August 11, 2022, and at the 4th Annual Needham Virtual FinTech and Digital Transformation 1X1 Conference on August 17 and 18, 2022. BTRS aims to enhance B2B commerce through innovative cloud-based software solutions.
BTRS Holdings, known as Billtrust, reported a robust second quarter for 2022 with total revenue reaching $49.3 million, a 22.5% increase year-over-year. The software and payments segment surged 35.4% to $33.3 million, driving strong gross profits of $29.5 million. Despite a net loss of $15.2 million, the company provided an optimistic full-year guidance, projecting total revenue between $196 million and $207 million. Adjusted EBITDA is expected to improve, targeting positivity by Q2-Q3 2023 and free cash flow positivity by FY 2023.
Billtrust (NASDAQ: BTRS) announced that Founder & CEO Flint Lane will present at the Credit Research Foundation August Forum from August 8-10, 2022 in Louisville, KY. Lane's presentation, titled “Understanding Digital Lockboxes: What Got You Here Won’t Get You There,” will delve into how digital lockboxes streamline remittance data processing and enhance digital transactions, reducing reliance on paper checks.
The forum will also feature industry leaders discussing credit, accounts receivable, and revenue cycle management.
BTRS Holdings Inc. (NASDAQ: BTRS) will release its second quarter 2022 financial results on August 9, 2022, after market close. CEO Flint Lane and CFO Mark Shifke will host a conference call at 4:30 p.m. ET the same day to discuss the results. Interested parties can access the call via webcast or by phone (855-327-6837 for U.S., 631-891-4304 for international). A replay will be available on Billtrust’s investor relations website following the call.
Billtrust (NASDAQ: BTRS) commissioned Paradoxes, Inc. to conduct a research study on the evolving role of CFOs. The study indicates that traditional CFO roles are shifting towards leaders adept in data and technology, with 89% of current CFOs acknowledging the necessity of understanding data across the organization. Notably, only 33% of aspiring CFOs believe their company infrastructure is modernized, and 47% prioritize customer satisfaction initiatives. These insights are detailed in the white paper "The DNA of Future CFOs" and highlight the changing demands on future financial leaders.
BTRS Holdings Inc. (NASDAQ: BTRS), a leader in B2B accounts receivable automation, has announced a Virtual Investor Session scheduled for Wednesday, June 22, 2022, at 11:00 a.m. ET. This session will feature updates on the company’s mission, strategy, and business initiatives from its senior leadership team, followed by a Q&A segment. Interested parties can register and access the event via investors.billtrust.com. A replay will be available for 30 days post-event.
JAGGAER has partnered with Billtrust to enhance its Autonomous Commerce strategy, streamlining invoicing and reducing procurement risks. This collaboration allows suppliers to automate invoicing, decreasing manual tasks and associated costs. By improving cash flow for suppliers, it enhances their financial resilience. The partnership also promotes interoperability, facilitating growth for suppliers while simplifying processes for buyers. The move aligns with JAGGAER’s commitment to a fully digitized B2B commerce experience.
BTRS Holdings Inc. (NASDAQ: BTRS), a leader in B2B accounts receivable automation, has announced the updated schedule for its participation at the William Blair Growth Stock Conference in Chicago, IL. On June 7, 2022, CEO Flint Lane and CFO Mark Shifke will engage in a 30-minute fireside chat starting at 9:00 a.m. Eastern Time. A live audio webcast will be available, and replays can be accessed for 30 days on their investor website.
Billtrust aims to transform accounts receivable through digital solutions that streamline credit decision-making, invoicing, payments, and collections.
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