Billtrust

Billtrust automates the accounts receivable side of B2B finance. It is not a general ledger or a full accounting suite. The platform has five connected modules. Invoicing can deliver invoices to more than 260 buyer AP portals from one interface. Payments accepts several methods and lets suppliers set payment policies per buyer. Credit speeds approvals and monitors customers over time. Collections uses AI to rank accounts by buyer behaviour. Cash application automatically matches remittances to open receivables, and Billtrust claims a match rate above 95 percent. The vendor says it handles more than one trillion dollars in invoice volume a year and calls itself the largest pureplay B2B payment facilitator. Its strongest following is among North American distributors, wholesalers and manufacturers, such as Cintas. It connects to ERPs, banks and other financial institutions through more than 200 connectors. It recently released an MCP server that links AR data to Claude and Microsoft Copilot. Pricing is not published. Buyers usually license modules separately through sales, and payment processing fees come on top of the subscription. The main drawbacks are cost opacity and a heavy rollout. ERP mapping, invoice templates, portal branding and collections workflows can take several months to set up. Teams also need someone to own the system on an ongoing basis. Billtrust was founded in 2001 in New Jersey and went public through a SPAC in 2021. EQT took it private for about 1.7 billion dollars in a deal announced in 2022. Grant Halloran, formerly CEO of Planful, became CEO in December 2025.