HAMILTON, N.J., June 20, 2017 /PRNewswire/ -- Billtrust, the leader in payment cycle management solutions, announced today its newest "Billtrust Rockstar," FleetPride. The Billtrust Rockstar program formally acknowledges Billtrust clients as leaders in transformation of the invoice-to-cash process within their organizations.
Steven Stockseth, Director of Credit at FleetPride, earned the Billtrust Rockstar award after showing a significant increase in electronic adoption (eAdoption) from 2015 into 2016. Specifically, Mr. Stockseth was able to grow FleetPride's electronic payment program by 21%, and increase electronic presentment rate by 92%. Both increases allow for payments to be made faster and at a lower cost than conventional paper and mail transactions.
"It is a pleasure working with Billtrust for our payment cycle management processes," said Mr. Stockseth. "One of our challenges with our customers was to reduce the paper mailing of statements and drive more customers towards online presentment and payment. Billtrust worked with our specific challenge and helped us increase our eAdoption, effectively reducing our postage costs by more than 80%. Our customers love the ease and versatility of the website and being able to view their invoices and statements when they want! Partnering with Billtrust has allowed our electronic payments to flow seamlessly into our ERP, improving efficiency by reducing many hours of manual posting."
The Billtrust Rockstar designation was created to recognize individuals who are visionaries and high achievers among their accounts receivable peers. The primary criteria for receiving the designation are improving cash flow, lowering DSO, reducing organizational costs, and increasing customer satisfaction.
"We are pleased to award FleetPride as one of our newest Billtrust Rockstars," said Colleen Ciak, Director of Marketing, eAdoption, Billtrust. "We normally rely on peer nominations for these awards, but after carefully reviewing data for our clients and seeing how significant FleetPride's eAdoption rates increased from 2015 to 2016, we wanted to be able to present them with this award."
AR professionals who achieve the Billtrust Rockstar designation are featured in industry publications and honored in the "Hall of Fame" at Billtrust's Hamilton, New Jersey headquarters. They are also recognized at the annual client conference Billtrust Connect.
Billtrust encourages coworkers and colleagues to submit the names of one or more potential Billtrust Rockstars within their organization for consideration. Nominations are considered on a rolling basis. For more information about the designation, including judging criteria and how to nominate an individual for the honor, visit https://www.billtrust.com/clients-love-us/success-stories.
Billtrust accelerates cash flow by automating invoice delivery, invoice payment, and cash application. Companies can improve operational efficiency throughout the invoice-to-cash process with electronic invoicing and payments in a flexible, cloud-based solution. Finance executives and AR specialists love and recommend Billtrust payment cycle management solutions for the remarkable cost savings, ease-of-use, and improved customer satisfaction rates.
Want to know what Billtrust can do for you?
See how these clients achieved stellar results: https://www.billtrust.com/clients-love-us/testimonials/
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/billtrust-recognizes-latest-rockstar-in-payment-cycle-management-300476528.html