Btrs Holdings Inc Stock Price, News & Analysis

BTRS Holdings reported strong financial results for Q4 and full year 2021, exceeding expectations. Software and payments segment revenue grew by 25.1% in Q4 and 28.0% for the full year. Total revenue for Q4 reached $42.9 million, up 10.9% year-over-year. Despite a net loss of $16.5 million for Q4, total payment volume surged 45% to $22.9 billion. Looking ahead, the company forecasts 2022 total revenue between $195 million and $207 million, indicating significant growth potential.

Billtrust (BTRS) announces a partnership with Coupa Software (COUP) to streamline B2B payments via the Business Payments Network (BPN). This collaboration allows Coupa customers to automate electronic payments to Billtrust's network, enhancing the payment process. In 2021, Billtrust delivered over $1 billion in supplier invoices, marking a 58% increase from the previous year. CEO Flint Lane expressed enthusiasm for the partnership, emphasizing digital transformation in payment strategies. This partnership aims to maximize electronic spend and improve efficiency in financial operations.

Billtrust (NASDAQ: BTRS) announced its latest Cash Application 10.0, enhancing accounts receivable processes with advanced machine learning. This solution utilizes the Business Payments Network to automate remittance collection, offering 100% electronic remittance extraction across various payment methods. Cash Application 10.0 aims to improve cash flow by accelerating revenue recognition through accurate reconciliation of payments. The system is designed for ease of use, enabling quick onboarding and higher processing efficiency for AR teams.

Billtrust (NASDAQ: BTRS) has acquired Order2Cash, a Netherlands-based B2B order-to-cash platform provider, further expanding its global reach in AR automation and integrated payments. This acquisition follows the October 2021 purchase of iController, enhancing Billtrust's European presence. With Order2Cash's enterprise customer base and e-invoicing connections, Billtrust aims to streamline and accelerate B2B payments, providing customers with broader access to a global marketplace. The EU team now exceeds 100 members, enhancing service to over 700 customers.

BTRS Holdings Inc. (NASDAQ: BTRS), a leader in B2B accounts receivable automation, will host a conference call on March 1, 2022, at 4:30 PM ET to discuss its fourth quarter and fiscal year 2021 results. The call will feature comments from Flint Lane, CEO, and Mark Shifke, CFO. Interested parties can access the call via investors.billtrust.com or participate through the telephone. A replay will be available shortly after the call until March 15, 2022.

Billtrust (NASDAQ: BTRS) achieved a significant milestone in 2021, delivering over $1 billion in supplier invoices, marking a 58% year-over-year growth. This increase stems from the adoption of its Business Payments Network (BPN), which facilitates easier invoice presentment to accounts payable (AP) portals. In total, approximately 400,000 invoices were delivered across more than 175 AP portals. The rise in demand for BPN's bi-directional capabilities highlights its role in enhancing cash flow and automating B2B payment processes.

Billtrust (NASDAQ: BTRS) has appointed Aimie Killeen as Chief Legal Officer to direct its legal, compliance, and regulatory functions during its ongoing global expansion. Killeen, who has extensive experience in the SaaS and payments sectors, will report to CEO Flint Lane. This appointment follows Billtrust’s recent acquisition of Belgium-based iController, a B2B collections software provider. Killeen's expertise is expected to fortify Billtrust’s capabilities in optimizing B2B payments and digitizing accounts receivable.

BTRS Holdings Inc. (NASDAQ: BTRS), a leader in B2B accounts receivable automation, announced participation in Needham’s 24th Annual Virtual Growth Conference on January 10, 2022, at 3:30 pm ET. The management team will present insights on the company's innovative solutions that digitize and streamline accounts receivable processes. Live webcasts of the presentation will be accessible on the company's investor relations website. BTRS focuses on transforming outdated AR practices through automated payment processing and integrated software solutions.

BTRS Holdings Inc. (NASDAQ: BTRS) has completed the exchange offer for its outstanding warrants, issuing 3,715,441 shares of Common Stock at an exercise price of $11.50 per share. The exchange date for remaining outstanding warrants is set for December 31, 2021. This initiative, in cooperation with Continental Stock Transfer & Trust Company and BofA Securities, aims to streamline operations and simplify capital structure. Billtrust provides cloud-based software and payment solutions for B2B commerce, focusing on digital transformation in accounts receivable processes.