BTRS NASDAQ

BTRS Holdings Inc. specializes in empowering businesses worldwide through its cloud-based software and integrated payment processing solutions, which are designed to automate and streamline business-to-business (B2B) commerce. The company's operations are divided into two distinct segments: Print, and Software and Payments. Its comprehensive suite of offerings addresses critical aspects of the B2B transaction lifecycle, including credit evaluation and monitoring, online procurement, invoicing, payment processing, cash reconciliation, and collections management. Specifically, BTRS provides several key products: Credit Application: A module for B2B credit applications, for instance, streamlines new customer onboarding and prospect evaluation by delivering real-time credit-related information digitally during initial sales activities. Credit Management: This module facilitates ongoing risk assessment for the company's clientele. Order/E-commerce: Wholesale distributors benefit from this module, which equips them with robust online sales capabilities. Invoicing: The invoicing module helps optimize the delivery of invoices across various distribution channels. Integrated B2B Payments: Furthermore, integrated payment capabilities enable seamless transactions at every interaction point within the solution set. Cash Application: This module ensures precise revenue reconciliation by performing line-item matching within accounting and ERP systems. Collections: A collections module transforms traditional, reactive recovery efforts into a proactive, customer-centric approach, aiming to prevent payment delays and enhance customer experiences. Business Payments Network: Finally, its Business Payments Network acts as a central hub, connecting suppliers, AP portals, payment card issuers, banks, and payment processors to facilitate efficient electronic payments. BTRS serves a diverse clientele across numerous industry verticals, such as technology, healthcare, industrial, wholesale distribution, and consumer packaged goods. Established in 2001, the company is headquartered in Lawrenceville, New Jersey. BTRS Holdings Inc. was taken private on December 16, 2022.