HAMILTON, N.J., Nov. 18, 2015 /PRNewswire/ -- Billtrust, the leader in Payment Cycle Management, has earned spot 437 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.
Billtrust has been on Deloitte's list for eight years in a row and this year's ranking is the latest growth honor for the company in 2015. Earlier this year, Billtrust earned a spot on The NJBIZ 50 Fastest Growing Companies list and also was named on the Inc. 5000 list of the nation's fastest-growing companies for the ninth consecutive year.
"Payment Cycle Management has become a top priority for many corporations. Our outstanding growth is due in large part to our role in being innovative in the development of solutions that positively impact the invoice-to-cash process. The entire Billtrust team appreciates Deloitte's recognition of the growth and leadership of our company," said Flint Lane, CEO of Billtrust.
"Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology's continued disruption and proliferation across industries," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year's Fast 500 and look forward to seeing their continued growth into 2016."
About Deloitte's 2015 Technology Fast 500™
Deloitte's Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Billtrust is the premier provider of Payment Cycle Management solutions, helping businesses accelerate invoice-to-cash. By integrating the three key areas of the payment cycle: invoice presentment, invoice payment, and cash application, Billtrust is committed to delivering a flexible solution to improve buyer satisfaction and DSO. In 2014, the Billtrust invoice-to-cash solution processed over $250 billion in receivables for leading companies including Kraft Foods, Under Armour, Estes Express and CDW.
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