American Express Partners with Billtrust to Offer Suppliers a Solution to Accounts Receivable Challenges
28 April 2022 - 3:25PM
Business Wire
Suppliers accepting American Express virtual
cards will now have a new, simple way to receive and see their
accounts receivable through Billtrust
American Express Company (NYSE: AXP) today announced a
collaboration with Billtrust (NASDAQ: BTRS), a B2B accounts
receivable automation and integrated payments leader, to enable
suppliers to streamline acceptance of American Express virtual
cards. With this integration, suppliers will have the ability to
automate and accelerate virtual card payments from customers while
receiving a real-time view of their outstanding invoices and
current cash flow.
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“In this current environment of increased demand for goods and
services and an accelerated need for efficient payment processes,
businesses are moving away from paper-based payments to electronic
payments for the greater visibility and speed they provide,” said
Colleen Taylor, President, Global Merchant Services – U.S. at
American Express. “While this trend is helping to benefit business
buyers and suppliers with faster payments and greater cash flow, it
has left some suppliers in need of an automated accounts receivable
solution that can keep up.”
Billtrust’s leading order-to-cash platform offers suppliers a
complete solution for every accounts receivable (AR) process
including credit decisioning, ordering, invoicing, payments, cash
application and collections. It also includes access to Billtrust’s
Business Payments Network (BPN), which connects suppliers to
hundreds of buyer portals and the buyers they represent, allowing
unprecedented levels of invoicing and digital payment acceptance
efficiency. By simplifying and automating B2B commerce, Billtrust
helps companies transition from expensive paper invoicing and check
acceptance to efficient electronic billing and payments.
“We are proud to partner with American Express to continue to
grow supplier card acceptance and improve the digital payments
experience,” said Flint Lane, CEO, Billtrust. “Both Billtrust and
American Express recognize the need to support merchants and
suppliers in responding to buyer demands for digital payment
options. This collaboration brings automation to American Express
merchants and suppliers, helping create better outcomes and
increased customer satisfaction.”
Suppliers interested in learning more should reach out to their
dedicated American Express client manager for information.
ABOUT AMERICAN EXPRESS
American Express is a globally integrated payments company,
providing customers with access to products, insights and
experiences that enrich lives and build business success. Learn
more at americanexpress.com and connect with us on
facebook.com/americanexpress, instagram.com/americanexpress,
linkedin.com/company/american-express, twitter.com/americanexpress,
and youtube.com/americanexpress.
ABOUT BILLTRUST
Billtrust (NASDAQ: BTRS) is a leading provider of cloud-based
software and integrated payment processing solutions that simplify
and automate B2B commerce. Accounts receivable is broken and relies
on conventional processes that are outdated, inefficient, manual
and largely paper based. Billtrust is at the forefront of the
digital transformation of AR, providing mission-critical solutions
that span credit decisioning and monitoring, online ordering,
invoice delivery, payments and remittance capture, invoicing, cash
application and collections. For more information, visit
Billtrust.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220428005777/en/
American Express Jim Billimoria
Jim.Billimoria@aexp.com
BillTrust Meredith Simpson msimpson@billtrust.com
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