Billtrust Partnership With Procede Software Expedites Payments for Truckers

B2B automation and integrated payments platform Billtrust on Wednesday (March 9) partnered with Procede Software, a heavy-duty truck and commercial vehicle dealer management system (DMS) and solutions provider, to expedite payments, boost revenue and increase profits.

“Procede Software continues to build our Certified Partner ecosystem with industry-proven solutions that bring our customers real value,” Procede Software CEO Larry Kettler said in the joint announcement. “Partnering with Billtrust provides our customers state-of-the-art accounts receivable management paired with expertise in electronic invoicing and integrated digital payment optimization.”

Through the partnership, Billtrust will integrate its cloud-based accounts receivable (AR) software with Procede’s dealer management software, Excede, to bring customers a complete solution for automated, electronic invoicing and digital payments. They will also get access to Billtrust’s Business Payments Network (BPN).

“We’re proud and excited to help Procede Software’s customers automate their accounts receivable operations,” Billtrust President Steve Pinado said in the release. “With modernized AR practices, Procede’s customers will benefit from automatically delivering invoices, enabling them to avoid the labor and expense of manually keying invoice data while embracing digital B2B payments, giving them the ability to accept payments through their preferred channels.”

Earlier this month, Billtrust touted its international expansion as one of its recent highlights in its quarterly earnings report for the period ending Dec. 31, 2021. Card payments had been a big part of Billtrust’s recent revenue growth, with direct revenue growing 64% year over year in the fourth quarter.

Related: Billtrust’s Business Payments Network Grows 99% YoY, Card Payments Up 64% in Q4

BPN growth was also strong during the quarter, growing 99% year over year. Supported by its recent announcement that Coupa had joined Billtrust as both a payment provider and referral partner, the company plans to continue growing.

In mid-February, Billtrust also unveiled version 10.0 of its machine learning-driven Cash Application solution, which works with the Billtrust Business Payments Network (BPN).

See also: Billtrust Debuts Cash Application 10.0