Billtrust acquires Open Scan Technologies

Friday 18 July 2014 09:11 CET | News

Billtrust, a US-based outsourced billing services provider, has acquired Open Scan Technologies, an automation solutions and services provider for enterprise receivables and payables.

The combined companies are set to represent an end-to-end Invoice-to-Cash infrastructure for B2B billers.

Billtrust provides bill presentment and payment products and services that span online, email, mobile, IVR, bank and paper. The SaaS solution enables customers to view bills online in standard PDF format and pay them electronically.

Open Scans accounts receivables solution suite includes the Dynamic Receivables cash flow processing platform which imports payment information from lockbox, scanned and electronic sources, and then reconciles that data. Finally, it exports validated data to ERP systems, financial institutions and receivables archives.

In December 2013, Billtrust and Open Scan Technologies entered a partnership to link their Order-to-Cash (O2C) solutions.

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Keywords: Billtrust, Open Scan Technologies, automation, outsourced, billing, receivables, payables, Invoice-to-Cash, BTB, e-invoicing
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech