[ Billtrust Reviews ](https://www.g2.com/products/billtrust/reviews) [ Billtrust Reviews ](https://www.g2.com/products/billtrust/reviews) # Billtrust Features ##### ## Payment Methods (3) ACH Automated Clearing House (ACH) is an electronic network that processes large volumes of financial transactions, including B2B payments. Credit and Debit Corporate debit and credit cards used specifically for B2B payments Wire Transfer Electronic fund transfers between entities Show More ##### ## Payment Processing (7) Batch Processing Payments can be processed by batch without manual intervention Payments Scheduling Ability to schedule payments at predefined dates and times Automated Workflows Workflows to manage every stage of the payment process Self Service Self-service portals and mobile apps to submit invoices for processing Reconciliation Match invoices, payments, and bank statement information Settlements Clearing of electronic payments to transfer funds from customers to suppliers Payment Tracking Track each stage of the payment process and manage payments history Show More ##### ## Security and Compliance (6) PCI Compliant Comply with information security standards for credit card processing P2PE Point-to-point encryption to convert sensitive financial information into indecipherable code Fraud Management Features to protect companies from attempts to steal sensitive information like credit card details SSL Encryption Secure Sockets Layer is the standard security protocol for encryption of electronic data SOX Comply with the Sarbanes-Oxley Act (SOX) to protect companies and the public from accounting erros and fraud SOC Ensure compliance with Association of International Certified Professional Accountants standards for cloud vendors SOC1 and SOC 2 Show More ##### ## Integration (6) Agnostic Integration The software can be integrated with any other products Reporting Consolidation Reports are generated using financial data from multiple sources Plugins and APIs The vendor provides pugins and APIs that customers can use to create custom integrations Accounting Provide integration with accounting and financial management software Payments Integrates with other payments software ERP Deliver integrations with accounting modules of ERP systems Show More ##### ## Customer Credit (5) Credit Limits Define credit limits per customer or by customer type. Credit History Track the changes made to credit limits and the corresponding reasons. Credit Limits Adjustment Adjust credit limits manually or automatically (based on pre-defined threasholds). Integration with Credit Rating Agencies Such as CreditSafe, Searches Group, Credit Assist, Experian, Equifax, and Dun & Bradstreet. Credit Limit Suspension Ability to revoke credit limits temporarily or permananetly when the amount due by a customer exceeds a predefined amount. Show More ##### ## Invoice Matching (4) Incomplete Payments Identify incomplete payments and track the rest of the amount due. Match Invoices and Payments Track one to many and many to one relationships between invoices and payments. Errors and Adjustments Identify invoicing errors such as the wrong amount or due date, and make sure that customers pay the correct amount on time. Cash Application Apply payments to the right Accounts Receivables accounts for each customer. Show More ##### ## Collections (4) Late Payments Manage late payments by time buckets (30, 60, 90 days). Disputed Transactions Workflows to manage and escalate disputed transactions. Personalized Customer Messaging Ability to communicate with customers using the best channel (ie SMS, online chat, and social media), message, and timing Customer Profiles Comprehensive view of customer details for collections agents. Show More ##### ## Analytics (10) At Risk Customers Identify and flag customers that are more likely to pay late. Esimated vs Actual Receipts Calculate the total amount received during a time period and compare with the estimate. Collections Effectiveness Use KPIs to monitor the effiency of the collections department. Scaleability Ability to scale to any collections volume, at any time Artificial Intelligence Maximize engagement using live data, behavioral insights, sentiment analysis and payment history Compliance Control Ability to identify and adjust to updated rules and regulations Variance Analysis Project out as the year progresses to accommodate trends that affect key business drivers. Reports Generate cash flow reports in order to see where money is coming in and where it's going Forecast Comparison Compare Income Statement, Balance Sheet, and Cash Flow for multiple periods Forward Looking Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data Show More ##### ## Self Service (2) Customer Portal Customers can use an online portal to submit information and documents required for collections. Financial Documents Customers have online access to document such as copies of Invoices, proofs of delivery, and contracts. Show More ##### ## Cash Flow Management (3) File Exports Timesheets, projects, tasks, income or expenses can all easily be exported to pdf, xls or csv for simpel cash clow analysis. Income and Expenses Add one-time or recurring items to your cash flow and add line items for each payment or deposit. Track Cash Flow Check your cash on hand at the beginning of each month and view each day incoming and outgoing funds. Show More ##### ## Cash Flow Forecasting (5) Historical Data Cash flow forecasting is based on past transactions and historical financial or operational data Reforecast Ability to recreate forecasts to include new information that may impact budgets Forecast Types Support multiple types of forecasts such as balance sheet and cash flow forecasts Rolling Forecasts Used to review and update budgeting assumptions for a predefined period (usually one year) AI Uses AI algorithms and models to predict future cash flow trends and outcomes, based on historical data and patterns Show More ##### ## Financial Data Transfer (5) Data Transfer Automates the transfer of data between an organization's ERP system and its bank Data Exchange Streamlines the exchange of information between internal systems Reporting Automatically extracts data required for cash forecasting and liquity reporting Access Restricts access to certain users within an organization, or provides access for third parties Integration Integrates with other financial software, such as Treasury Management, Budgeting & Foreasting, or Invoice Management software Show More ##### ## Bill Generation (3) Templates Provide standard invoice templates that can be customized by users Digital Billing Ability to convert invoices to digital formats such as PDF Recurring Billing Automatically generates invoices at pre-defined time intervals Show More ##### ## Bill Processing (3) Consolidation Allow users to consolidate multiple invoices into one Batch Invoicing Ability to create multiple types of invoices Management Manage invoicing for different types of products or services Show More ##### ## Payment Types (3) AP Automation Manages large volumes of invoices and financial transactions between a company and its suppliers E-Commerce Facilitates the acceptance of electronic payment for online transactions Retail Features a common interface for in-store, online, and on-the-go set across all acceptance points Show More ##### ## Reporting (3) Status Reports on the status of invoices or payments Customer Credit Run reports on customer credit History Tracks all transactions, from issuing invoices to payment reminders to receiving payment Show More ##### ## Integrations (3) Accounting Integrates with accounting or similar platforms ERP Integrates with ERP systems CPM Integrates with Corporate Performance Management platforms Show More ##### ## Transactions (3) Credits Manages credit limits based on customer credit scores, payment history, or other financial metrics Invoices Creates or imports invoices Payments Collects different payment types and manages payment terms Show More ##### ## Workflows (2) Approvals Offers customizable approval processes for all types of transactions Reconciliation Reconciles payments to invoices to ensure matching Show More ##### ## Agentic AI - Cash Flow Management (1) Autonomous Task Execution Capability to perform complex tasks without constant human input Show More ##### ## Agentic AI - Billing (1) Autonomous Task Execution Capability to perform complex tasks without constant human input Show More ##### ## Agentic AI - Accounts Receivable Automation (1) Autonomous Task Execution Capability to perform complex tasks without constant human input Show More ##### ## Agentic AI - Enterprise Payment (1) Adaptive Learning Improves performance based on feedback and experience Show More ##### ## Agentic AI - Credit and Collections (3) Autonomous Task Execution Capability to perform complex tasks without constant human input Multi-step Planning Ability to break down and plan multi-step processes Adaptive Learning Improves performance based on feedback and experience Show More ##### ## AI - Accounts Receivable (3) Generative Sends automated messages and reminders, resolves disputes, or does proactive outreach. Responses Responds to basic questions from inbound emails. Predictive Analytics Analyzes past transactions to make a prediction of when future payments are likely to be paid. 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