Btrs Holdings Inc Stock Price, News & Analysis

BTRS Holdings Inc. (NASDAQ: BTRS), a leader in B2B accounts receivable automation, announced its participation in key investor conferences in May and June 2022. CEO Flint Lane will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2022, at 3:10 p.m. ET, followed by the William Blair Growth Stock Conference on June 6, 2022, at 5:00 p.m. ET. Additionally, Lane and CFO Mark Shifke will host meetings at the Bank of America 2022 Global Technology Conference on June 8-9, 2022. Both discussions will be available via live audio webcast.

Billtrust (NASDAQ: BTRS) has successfully implemented its Credit Application solution for PepsiCo's Blue Cloud Distribution, enhancing customer service and speeding up credit approvals. This partnership enables BCD to onboard hundreds of new distributors for the launch of HARD MTN DEW, achieving a 99% approval rate within a day. The process is now paperless, reducing environmental impact and improving internal communication. BCD expects ongoing measurable results from this collaboration, reinforcing its commitment to efficient operations.

BTRS Holdings reported a strong first quarter for 2022, with total revenue increasing by 8.8% year-over-year to $45.6 million. The software and payments segment revenue rose 16.3% to $29.9 million. Gross profit climbed 12% to $26.7 million, pushing gross margins to 58.6%. Notably, total payment volume surged 45% to $22 billion. However, the net loss widened to $29 million. The company reaffirmed its full-year revenue guidance of $195 million to $207 million.

American Express (NYSE: AXP) has partnered with Billtrust (NASDAQ: BTRS) to enable suppliers to efficiently accept American Express virtual cards. This collaboration streamlines the accounts receivable process, allowing suppliers to automate payments and gain real-time visibility of their invoices and cash flow. The integration aims to enhance digital payment options in response to increasing demand for efficient payment solutions, moving businesses away from traditional paper-based methods. This partnership highlights both companies' commitment to improving supplier and customer experiences.

Billtrust (NASDAQ: BTRS) has appointed John W. Murray to its Board of Directors, effective April 22, 2022. Murray brings extensive experience in technology and entrepreneurship, previously leading organizations through significant transformations. He will serve on Billtrust’s Nominating, Corporate Governance, and Compensation Committees. Known for driving innovation and maximizing shareholder value, Murray is currently a strategic advisor at The Riverside Company. This appointment aligns with Billtrust's ambitions for global expansion and innovation in B2B accounts receivable automation.

BTRS Holdings Inc. (NASDAQ: BTRS) will announce its Q1 2022 financial results on May 10, 2022, after market close. A conference call will follow at 4:30 p.m. ET, featuring CEO Flint Lane and CFO Mark Shifke. Investors can access the call via webcast or phone. The company specializes in B2B accounts receivable automation and integrated payments, offering solutions that streamline various financial processes. This announcement highlights BTRS's ongoing commitment to transparency and engagement with shareholders.

Billtrust (NASDAQ: BTRS) announced an expansion of its Business Payments Network (BPN) partnership with KeyBank, enabling clients to automate B2B invoice delivery and payment processing. This enhancement aims to increase efficiency for clients who currently upload invoices to multiple accounts payable portals. The partnership is expected to improve cash flow and streamline operations as clients can now deliver invoices to over 170 leading accounts payable portals.

Billtrust (NASDAQ: BTRS) has partnered with Arvest Bank to enhance B2B electronic payments through its Business Payments Network (BPN). This collaboration allows Arvest’s clients to streamline payment processes, increasing adoption of virtual credit cards and access to suppliers. In 2021, Billtrust saw over $1 billion in supplier invoices delivered, marking a 58% growth from the previous year, a testament to the increased adoption of its solutions. This partnership positions both firms to capitalize on the growing demand for digitized payment solutions.

Billtrust (NASDAQ: BTRS) has partnered with Procede Software to enhance accounts receivable automation for heavy-duty vehicle dealers. This integration will provide automated electronic invoicing and digital payment solutions, designed to help customers accelerate payment processes and increase revenue. Billtrust's cloud-based AR software will link with Procede's Excede® DMS, enabling customers to efficiently manage invoicing and payments, thus reducing manual workload and operational costs.