Billtrust Features

Automated Clearing House (ACH) is an electronic network that processes large volumes of financial transactions, including B2B payments.

Corporate debit and credit cards used specifically for B2B payments

Electronic fund transfers between entities

Payments can be processed by batch without manual intervention

Ability to schedule payments at predefined dates and times

Workflows to manage every stage of the payment process

Self-service portals and mobile apps to submit invoices for processing

Match invoices, payments, and bank statement information

Clearing of electronic payments to transfer funds from customers to suppliers

Track each stage of the payment process and manage payments history

Comply with information security standards for credit card processing

Point-to-point encryption to convert sensitive financial information into indecipherable code

Features to protect companies from attempts to steal sensitive information like credit card details

Secure Sockets Layer is the standard security protocol for encryption of electronic data

Comply with the Sarbanes-Oxley Act (SOX) to protect companies and the public from accounting erros and fraud

Ensure compliance with Association of International Certified Professional Accountants standards for cloud vendors SOC1 and SOC 2

The software can be integrated with any other products

Reports are generated using financial data from multiple sources

The vendor provides pugins and APIs that customers can use to create custom integrations

Provide integration with accounting and financial management software This feature was mentioned in 33 Billtrust reviews.

Based on 39 Billtrust reviews. Integrates with other payments software

Based on 32 Billtrust reviews. Deliver integrations with accounting modules of ERP systems

Define credit limits per customer or by customer type. 20 reviewers of Billtrust have provided feedback on this feature.

Track the changes made to credit limits and the corresponding reasons. This feature was mentioned in 20 Billtrust reviews.

Adjust credit limits manually or automatically (based on pre-defined threasholds). 20 reviewers of Billtrust have provided feedback on this feature.

Such as CreditSafe, Searches Group, Credit Assist, Experian, Equifax, and Dun & Bradstreet. This feature was mentioned in 20 Billtrust reviews.

Based on 20 Billtrust reviews. Ability to revoke credit limits temporarily or permananetly when the amount due by a customer exceeds a predefined amount.

Identify incomplete payments and track the rest of the amount due. This feature was mentioned in 22 Billtrust reviews.

Based on 22 Billtrust reviews. Track one to many and many to one relationships between invoices and payments.

As reported in 21 Billtrust reviews. Identify invoicing errors such as the wrong amount or due date, and make sure that customers pay the correct amount on time.

As reported in 22 Billtrust reviews. Apply payments to the right Accounts Receivables accounts for each customer.

Manage late payments by time buckets (30, 60, 90 days). This feature was mentioned in 21 Billtrust reviews.

Based on 21 Billtrust reviews. Workflows to manage and escalate disputed transactions.

As reported in 21 Billtrust reviews. Ability to communicate with customers using the best channel (ie SMS, online chat, and social media), message, and timing

Comprehensive view of customer details for collections agents. 22 reviewers of Billtrust have provided feedback on this feature.

Identify and flag customers that are more likely to pay late. 20 reviewers of Billtrust have provided feedback on this feature.

Calculate the total amount received during a time period and compare with the estimate. This feature was mentioned in 20 Billtrust reviews.

Based on 19 Billtrust reviews. Use KPIs to monitor the effiency of the collections department.

Ability to scale to any collections volume, at any time 19 reviewers of Billtrust have provided feedback on this feature.

As reported in 18 Billtrust reviews. Maximize engagement using live data, behavioral insights, sentiment analysis and payment history

Ability to identify and adjust to updated rules and regulations 17 reviewers of Billtrust have provided feedback on this feature.

Project out as the year progresses to accommodate trends that affect key business drivers.

Generate cash flow reports in order to see where money is coming in and where it's going

Compare Income Statement, Balance Sheet, and Cash Flow for multiple periods

Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data

As reported in 20 Billtrust reviews. Customers can use an online portal to submit information and documents required for collections.

Customers have online access to document such as copies of Invoices, proofs of delivery, and contracts. This feature was mentioned in 20 Billtrust reviews.

Timesheets, projects, tasks, income or expenses can all easily be exported to pdf, xls or csv for simpel cash clow analysis.

Add one-time or recurring items to your cash flow and add line items for each payment or deposit.

Check your cash on hand at the beginning of each month and view each day incoming and outgoing funds.

Cash flow forecasting is based on past transactions and historical financial or operational data

Ability to recreate forecasts to include new information that may impact budgets

Support multiple types of forecasts such as balance sheet and cash flow forecasts

Used to review and update budgeting assumptions for a predefined period (usually one year)

Uses AI algorithms and models to predict future cash flow trends and outcomes, based on historical data and patterns

Automates the transfer of data between an organization's ERP system and its bank

Streamlines the exchange of information between internal systems

Automatically extracts data required for cash forecasting and liquity reporting

Restricts access to certain users within an organization, or provides access for third parties

Integrates with other financial software, such as Treasury Management, Budgeting & Foreasting, or Invoice Management software

As reported in 34 Billtrust reviews. Provide standard invoice templates that can be customized by users

As reported in 40 Billtrust reviews. Ability to convert invoices to digital formats such as PDF

Based on 32 Billtrust reviews. Automatically generates invoices at pre-defined time intervals

As reported in 32 Billtrust reviews. Allow users to consolidate multiple invoices into one

Ability to create multiple types of invoices This feature was mentioned in 35 Billtrust reviews.

As reported in 32 Billtrust reviews. Manage invoicing for different types of products or services

Manages large volumes of invoices and financial transactions between a company and its suppliers

Facilitates the acceptance of electronic payment for online transactions

Features a common interface for in-store, online, and on-the-go set across all acceptance points

Based on 252 Billtrust reviews. Reports on the status of invoices or payments

As reported in 252 Billtrust reviews. Run reports on customer credit

Tracks all transactions, from issuing invoices to payment reminders to receiving payment This feature was mentioned in 255 Billtrust reviews.

Integrates with accounting or similar platforms This feature was mentioned in 253 Billtrust reviews.

Integrates with ERP systems 247 reviewers of Billtrust have provided feedback on this feature.

As reported in 245 Billtrust reviews. Integrates with Corporate Performance Management platforms

As reported in 246 Billtrust reviews. Manages credit limits based on customer credit scores, payment history, or other financial metrics

Creates or imports invoices This feature was mentioned in 255 Billtrust reviews.

Based on 252 Billtrust reviews. Collects different payment types and manages payment terms

As reported in 244 Billtrust reviews. Offers customizable approval processes for all types of transactions

Based on 248 Billtrust reviews. Reconciles payments to invoices to ensure matching

Capability to perform complex tasks without constant human input

Capability to perform complex tasks without constant human input 23 reviewers of Billtrust have provided feedback on this feature.

Capability to perform complex tasks without constant human input This feature was mentioned in 53 Billtrust reviews.

Improves performance based on feedback and experience

As reported in 17 Billtrust reviews. Capability to perform complex tasks without constant human input

Ability to break down and plan multi-step processes 16 reviewers of Billtrust have provided feedback on this feature.

As reported in 17 Billtrust reviews. Improves performance based on feedback and experience

Sends automated messages and reminders, resolves disputes, or does proactive outreach. 52 reviewers of Billtrust have provided feedback on this feature.

Responds to basic questions from inbound emails. This feature was mentioned in 53 Billtrust reviews.

Analyzes past transactions to make a prediction of when future payments are likely to be paid. 53 reviewers of Billtrust have provided feedback on this feature.