Billtrust is proud to announce that we’ve been named a Challenger in the 2024 Gartner Magic Quadrant for Integrated Invoice-to-Cash Applications—a recognition that highlights our commitment to delivering innovative solutions for accounts receivable (AR) teams worldwide. This achievement underscores our ability to address the evolving needs of businesses with AI-powered technology that delivers measurable outcomes.
What does it mean to be a Challenger?
Challengers in the Gartner Magic Quadrant demonstrate strong execution capabilities and a proven ability to meet their customers’ current needs, supported by a solid market presence. Challengers are categorized as reliable partners for scaling operations and meeting business objectives.
Billtrust’s inclusion is a testament to our ability to execute today while continuing to innovate solutions that help finance teams digitally transform. Accelerating cash flow, mitigating risk, growing and retaining revenue and improving productivity are realized with Billtrust's AR solution.
Key strengths highlighted in the Gartner MQ report
According to Gartner MQ, Billtrust stood out in several critical areas that resonated with our clients' needs:
- Customer invoicing: Billtrust’s invoicing solution enables invoice consolidation and includes a diverse number of delivery channels, including procure-to-pay (P2P) portals and B2B/B2G clearance channels. Clients can use its invoice management portal to manage and confirm delivery and rely on its dedicated e-invoicing compliance team to stay on top of regulatory changes.
- Payments: With its certified payment facilitator status in the U.S. and Business Payments Network solution, Billtrust offers a full set of tools to optimize payment acceptance costs, such as managing specific buyer-segment payment options, customized and/or optimized interchange rates and buyer surcharging.
- Geographic and product expansion: Billtrust is prioritizing expansion … using local resources for sales, marketing and product development. Buyers may find Billtrust a viable option, particularly since its product supports more than 20 currencies and languages and can add more languages and currencies if required.
Why this recognition matters
Being named a Challenger in the Gartner Magic Quadrant is more than just a badge of honor—it’s evidence of our ability to help businesses improve their AR processes through practical and innovative solutions. Billtrust believes we’ve earned this recognition by taking significant steps to align with our clients’ objectives and simplify AR processes. Here’s why it matters to you:
Proven partner for businesses
Challengers are recognized for their ability to execute effectively today. For organizations seeking a reliable AR partner to streamline operations, Billtrust offers an established track record.
Our platform also integrates seamlessly with existing ERP systems, providing businesses with an end-to-end solution to enhance efficiency without the need for major overhauls or major disruptions to their current operations.
Empowering efficiency and accuracy
Billtrust’s AI-powered platform replaces time-consuming manual tasks with automation, freeing up AR teams to focus on strategic priorities like improving cash flow and scaling operations seamlessly.
Additionally, the introduction of our Finance Co-Pilot in 2024 provides AR teams with real-time insights and enables data-driven decisions. Features like predictive analytics and automation further elevate our platform’s value.
See the Billtrust Advantage for Yourself
Interested in how Billtrust can transform your accounts receivable operations? Our AI-powered platform offers unmatched efficiency, seamless integration, and global compliance to meet your business needs.
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