by Billtrust · AR & Collections
AI-powered order-to-cash platform for invoicing, payments, cash application and collections.
Updated August 2026 · By the ERP Research Editorial Team · Independent and vendor-neutral.
SAP
Oracle
NetSuite
Microsoft DynamicsInforBilltrust is an accounts receivable (AR) automation platform covering the order-to-cash cycle: electronic invoice delivery, B2B payment acceptance, AI-driven cash application, credit management and collections. It is aimed at mid-market and large B2B organisations, particularly in manufacturing, distribution, equipment, medical, retail and transportation, that issue high volumes of invoices and want to automate the customer-facing financial workflows that ERPs typically leave manual.
The platform delivers invoices through email, its Buyer Payment Portal, 260+ AP portals, Peppol and e-invoice clearance networks, and print/mail. Its Cash Application module uses confidence-based, AI/ML matching to post payments against invoices automatically, escalating only low-confidence matches for manual review. Collections automation uses AI-driven workflows and, more recently, AI agents to manage dunning and customer follow-up at scale. Credit management adds predictive risk scoring to support credit decisions.
Billtrust connects to ERPs via a library of 40+ direct/certified connectors (including SAP ECC and S/4HANA, Oracle, NetSuite and Microsoft Dynamics) plus custom integration options, positioning itself as a bolt-on AR layer that keeps the ERP as system of record while automating invoicing, payments and cash posting around it. The company was acquired by EQT Private Equity in December 2022 in a deal valuing it at roughly $1.7 billion.
Demo video from the vendor's YouTube channel.
Billtrust covers 24 of 52 capabilities we track in this category (+1 partial)
46%“Not evidenced” means our research found no public documentation of this capability — the vendor may still offer it. Confirm on a demo.
How companies use Billtrust alongside their ERP — pulled from Billtrust's published customer stories, with the ERP each customer runs where they state it.
Equipment & Services · United States
DSO dropped from 38 to 20 days, AR balance cut in half to $10M, bad debt reduced to under $200K, $360K annual savings
Facility Services · United States
$1M+ in annualized savings, processing 600K-650K payments/month, payment processing doubled to 40-45/hour, credit card virtual card team reduced from 16 to 2 people
Staffing · United States · Enterprise
ACH match rate tripled to 70%, 8 team members save 5+ hours/week, 2000+ hours productivity gains annually, 75% reduction in card costs
Building Materials · United States
$15M in annual surcharging savings, 7-8 collectors handle workload of 10, eliminated need to hire 2 credit managers, 100% electronic credit applications
Medical Equipment · Denmark
Nearly $600K in card processing fee savings through Level 2/3 qualification, 865 hours of manual processing saved
Distribution · United States
$332K in cost savings, 91% cash application match rate, customers paying 3-7 days early
The same companies show up in our library of ERP implementation case studies — useful for seeing what the wider stack around this add-on looks like.
Summarised from each vendor's published customer stories. Figures are the vendor's own claims, not independently verified by ERP Research. See all 15 Billtrust case studies →
Used Billtrust with your ERP? Rate it in 30 seconds — it helps every buyer after you.
Rate itListed SuiteApp connector syncing invoices, payments and customer data with NetSuite.
Certified connectivity for SAP ECC and S/4HANA; built to carry forward through an ECC-to-S/4HANA migration.
One of 40+ direct/certified ERP connectors Billtrust advertises.
Connector details independently verified against vendor marketplaces and documentation; last checked 2026-08-11.
Full Billtrust pricing breakdown — cost at 25/100/500 seats, competitor rates & FAQs
Billtrust prices by quote like most of this category. Third-party review sites and users report $20,000 to $60,000 a year, rising significantly with invoice volume and payment processing fees, and enterprise suites in this space commonly exceed $75,000. The invoice-volume driver matters more than user count: a small AR team billing high volumes pays more than a large team billing few. Treat published ranges as directional — this is buyer-reported data, not a vendor price list. Get an independent shortlist with pricing guidance below.
Billtrust prices by quote, like most of this category. Here is what actually drives your number — and what to ask before you get one.
5 of the 14 vendors we track in this category publish no list price at all.
Yes. Billtrust provides certified connectivity for SAP ECC and S/4HANA as part of its library of 40+ ERP and bank connectors, and is designed to carry forward with minimal reconfiguration if a customer migrates from ECC to S/4HANA.
Billtrust offers prebuilt or certified connectors for major ERPs including SAP, Oracle, NetSuite, Microsoft Dynamics and Infor, plus custom integration options for other or niche systems.
Billtrust does not publish pricing. Cost is quote-based, driven by which modules you select (invoicing, payments, cash application, collections, credit), your monthly invoice volume, user counts, and payment-processing fees.
It uses confidence-based AI/ML matching to automatically post incoming payments against open invoices, posting high-confidence matches straight through and routing lower-confidence matches to an exception queue for manual review.
Before you commit to Billtrust, see how it sits against the 14 AR & collections systems we track — on capability, ERP integration depth and what each one actually charges for.
AR & Collections Buyer's Guide
14 systems compared · 2026
ERP Research
Billtrust publishes a list price, but the number you pay depends on volume, modules and integration scope. Tell us your setup and we'll come back with a realistic figure and the alternatives worth quoting against it.