BillingTree, under new President and CEO David Roberts, reports strong continued growth in 2012, including multiple new hires and leadership enhancements Processing volumes were up over 17% to $3 Billion, Revenue increased over 25% and Net Income grew 75% reflecting considerable ARM market share expansion and growth in Utilities and Healthcare
PHOENIX, Jan. 31, 2013 /PRNewswire/ -- BillingTree®, one of the nation's leading on-demand payment processors, today announced its 2012 year over year revenue grew by 25.1%, Net income by 75% and volumes showed growth of over 17%, totalling $3 Billion combined ACH and Credit Card Processing. BillingTree has consistently outperformed the past five straight years due to continued customer and new market expansion. The company continued its focus on extending BillingTree services to the ARM market and the development of new markets, in particular, healthcare, government and insurance.
In 2012 the company successfully completed a significant leadership transition under new President and CEO David Roberts which included hiring Liz Caracciolo, Vice President of Corporate Development to head up the newly created division within the firm. Caracciolo appointed several new team members including Matt Llewellyn as VP of Business Development, Chris Gonzales as Director of Product Marketing and Marya Ulis as Director of Strategic Alliances. The Corporate Development Department also includes Marketing, led by Dave Yohe, Director of Corporate Marketing.
Realizing new services, application development and security were key to BillingTree's future growth, Roberts appointed Melissa Kirk as Head of Technology, to support the company's expanding portfolio of payment processing services. He also added another new role, Kerrie Kulak, AAP, as Director of Risk.
During the year, Roberts recognized existing team career growth as well, implementing several leadership team promotions including Richard Knowles from Controller to Vice President of Finance, Chad Probst from Director to Vice President of Sales, and Jennifer Ainsworth from Specialist to Human Resources Manager.
BillingTree and its executives and staff continued their community support activities during the year. 2012 Social Responsibility Highlights:
- BillingTree committed to presenting its fourth RockBlock charity rock festival on March 21, 2013 featuring the Gin Blossoms, with 100% of all ticket monies donated to local charities through the "Season For Sharing" annual fundraising drive
- BillingTree employees continued to give back to the community – employees worked a total of 446 hours for charitable causes during paid hours, supporting local charity events including monthly support for St. Mary's Food Bank and Feed My Starving Children, plus employees gave time, gifts and money over holiday period to help over 20 adopted families via "Santa Bob"
- Facebook charity campaign – $20 per like to Feed My Starving Children. In total, the campaign raised $2,000
- Total charitable dollars donated by BillingTree amounted to $400,000 in 2012
"We enjoyed a strong 2012, building on the previous years of successful growth," commented David Roberts, President and CEO of BillingTree. "In addition to our processing dollar volume increase, we realigned and brought on many great new employees to the team. This puts us in an excellent position as we move into 2013, and we're looking forward to some exciting new product developments and extending our relationships with both existing and new partners."
BillingTree supplies the leading fully integrated, multi-channel electronic payment platform to multiple industries: Healthcare (Acute and Ambulatory care), Insurance, ARM and the collection agency market, Utilities, such as power, cable, municipal, and phone, plus subscription-billed services. Benefits of electronic payment solutions include improved operational efficiencies and cash flow, decreased A/R days outstanding, accelerated availability of consumer funds, reduced costs associated with manual-payment processing, and integrated processing by managing all payments, returns, and corrections through a single portal.
The proven leader in on-demand payment processing, BillingTree empowers customers with competitive advantage through a simplification of the billing and receivables process. By delivering the most innovative technology while making it as easy and inexpensive as possible to accept payments, BillingTree has revolutionized the payments landscape. Our software-as-a-service (SaaS) model delivers industry-leading payment solutions, proven integration, and point-and-click simplicity. BillingTree's focus on innovation has allowed us to help more than 1,200 customers eliminate manual processes and automate their payment cycles. BillingTree – Growth is our Business. For more information, visit www.mybillingtree.com or call 877.4.BILLTREE.
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