Billtrust reports 58% Y/Y growth in invoices delivered to accounts payable portals

Jan. 20, 2022 8:19 AM ETBTRS Holdings Inc. (BTRS)By: Preeti Singh, SA News Editor
  • Billtrust (NASDAQ:BTRS) has topped $1B in supplier invoices delivered to accounts payable (AP) portals in 2021, a 58% Y/Y growth and marking its largest single-year total.
  • Overall, Billtrust delivered ~400,000 invoices to over 175 different AP portals in 2021.
  • The growth has been attributed to increased adoption of Billtrust's Business Payments Network (BPN), which began enabling invoice presentment to AP portals in addition to its existing payment and remittance acceptance capabilities.
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