Billtrust Announces Insight 2022 Award Winners

Billtrust Customers Including Huttig Building Products, Van Meter and Malin Recognized at its B2B Accounts Receivable and Integrated Payments Educational Conference

Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments leader, announced that Huttig Building Products, Van Meter and Malin were recognized as Billtrust Rockstars of the Year during the Billtrust Insight Awards Ceremony held June 16, 2022. Palmer-Donavin, Louisiana Cat, H&E Equipment Services, Daikin Comfort Technologies North America, Inc., Vulcan Materials and Century AC Supply were also honored. Billtrust Insight 2022 is the company’s B2B accounts receivable and integrated payments educational conference and user event.

The Billtrust Rockstar of the Year Award recognizes Billtrust customers as leaders that have made significant achievements in digitally transforming their accounts receivable and order-to-cash processes.

“Billtrust exists to serve its customers, which is key to driving our growth,” said Steve Pinado, Billtrust President. “We are extremely proud and honored to recognize these customers who are rapidly advancing their accounts receivable and digital transformation journeys.”

Huttig Building Products, a Billtrust Rockstar of the Year recipient and a global leader in the building materials industry, succeeded in getting more customers to accept electronic billing and have requested electronic billing from more of their own suppliers. They have also implemented Billtrust Credit, Payments, Cash Application and Collections solutions.

Van Meter, a Billtrust Rockstar of the Year recipient and wholesale industrial and electrical supplier serving contractors, electricians, builders and engineers, has been a Billtrust customer for over 10 years. They continue to lead the way in their industry by taking full advantage of emerging technologies to help them solve challenges and allow them to strategically grow their business. Van Meter has done this with the help of Billtrust’s Payments, Cash Application and Collections solutions.

Billtrust Rockstar of the Year recipient Malin, a leading wholesale wire supplier, utilized Billtrust’s Invoicing and Payments solutions, with most of their customers now receiving electronic invoices. They also enabled machine learning for Cash Application to further enhance their platform and accelerate cash posting while continuing to impress their customers with an accurate and consistent AR process.

Other Billtrust Award recipients include:

• Customer Experience Improvement Award – Century AC Supply
• Digital Invoicing & Payments Award – Daikin Comfort Technologies North America, Inc.
• eCommerce Optimization Award – Palmer-Donavin
• Optimizing Credit & Collections Award – Louisiana Cat
• BPN Champion Award – H&E Equipment Services
• Sustainability & Digital Conversion Award – Vulcan Materials

About Billtrust

Billtrust (NASDAQ: BTRS) is a leading provider of cloud-based software and integrated payment processing solutions that simplify and automate B2B commerce. Accounts receivable is broken and relies on conventional processes that are outdated, inefficient, manual and largely paper based. Billtrust is at the forefront of the digital transformation of AR, providing mission-critical solutions that span credit decisioning and monitoring, online ordering, invoice delivery, payments and remittance capture, invoicing, cash application and collections. For more information, visit Billtrust.com.

Forward-Looking Statements

This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. These forward looking statements are subject to a number of risks and uncertainties, including those factors discussed in the Company’s filings with the SEC, including in the “Risk Factors'' and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties. There may be additional risks that the Company presently does not know or that they currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

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