Billtrust, a supplier of accounts receivable software program based mostly in Lawrenceville, New Jersey, has acquired Order2Cash, an digital invoicing and funds firm headquartered in Amsterdam.

The acquisition comes on the heels of Billtrust’s acquisition final October buy ofiController, an AI money move forecasting firm based mostly in Ghent, Belgium and can increase the corporate’s European and world footprint in addition to Billtrust’s Enterprise Funds Community.

The deal comes at a time when organizations are coming beneath better stress to digitize their accounts receivable processes to extend money move, particularly amid surging inflation. The acquisition expands the power for each corporations’ prospects to realize entry to a broader number of SaaS modules and a worldwide B2B funds community. Order2Cash has connections with over 70 B2B and B2G e-invoicing networks and that may broaden the Billtrust BPN attain to offer safe e-invoicing throughout a number of markets. Billtrust’s BPN permits accounts payable and receivable techniques to alternate invoices, funds and remittance knowledge via over 170 AP portals.

Monetary phrases of the deal weren’t disclosed. “This strategic acquisition aligns completely with our development plan of increasing globally with corporations that supply complementary experience, shared values and native market presence,” mentioned Billtrust president Steve Pinado in an announcement Tuesday. “Our EU group now exceeds 100 members, serving greater than 700 prospects, and is accelerating our world enlargement.”

The Order2Cash group will proceed to function from Netherlands areas in Amsterdam and Joure, in addition to workplaces in Krakow, Poland and New York Metropolis. “Billtrust brings us an thrilling alternative to leverage our joint industrial and business expertise and provide all prospects better entry to a worldwide market,” mentioned Order2Cash CEO Frank Hoekstra in an announcement. “Our coming collectively ensures that we will proceed to offer the velocity and high quality of service wanted to function in in the present day’s digital panorama.”

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