The latest development in JAGGAER’s Autonomous Commerce strategy delivers faster and more accurate invoicing and reduces procurement risk by boosting supplier financial resilience
RESEARCH TRIANGLE PARK, NC – June 1, 2022 – JAGGAER, the global leader in Autonomous Commerce, today announced a strategic relationship with Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation leader. Suppliers can now reduce manual work and lower administration cost by automating the process of sending out invoices within or outside of JAGGAER’s network of suppliers.
“Our vision for Autonomous Commerce is to create a truly frictionless and fully digitized experience for buyers and suppliers, and this relationship with Billtrust directly advances that goal,” said Jim Bureau, JAGGAER’s CEO. “By making invoicing activities effortless for suppliers, we’re enabling procurement teams to get their invoices sooner and speeding processing times. Suppliers’ increase in cash flow strengthens their financial resilience, reducing risk for buyers. This relationship also achieves efficient interoperability between both buyers and suppliers, allowing suppliers to scale their operations while creating a better experience at the same time. It’s a win-win for both parties.”
Billtrust enables suppliers to simply click a button within their existing financial system and successfully issue an invoice to a buyer without any manual work. When a supplier receives a purchase order (PO), they create an invoice which is sent to a specific email address assigned to that supplier by Billtrust. The Billtrust system autonomously processes and sends the invoice to the buyer on the JAGGAER ONE platform
“JAGGAER’s vision for an intelligent and self-governing B2B Autonomous Commerce experience aligns well with our goal of modernizing accounts receivable operations,” said Steve Pinado, President, Billtrust. “We are excited to help JAGGAER digitally transform the invoicing process for their suppliers and buyers which enables both parties to focus on strategic and high value activities that have a more meaningful impact on their businesses.”
Suppliers that use Billtrust reduce portal fatigue. The system automatically identifies the portal associated with each buyer and invoice, eliminating the need for suppliers to log into various portals and key in PO and invoice information. Suppliers can also access one centralized portal with an overview of all their invoice activity enriched with payment status information.
Learn more about JAGGAER and its Autonomous Commerce strategy.
About JAGGAER: Procurement’s intelligent source-to-pay and supplier collaboration platform.
JAGGAER is a global leader in enterprise procurement and supplier collaboration, and the catalyst for enhancing human decision-making to accelerate business outcomes. We help organizations to manage and automate complex processes while enabling their highly resilient, accountable, and integrated supplier base. Backed by 30 years of expertise, our proven AI-powered industry-specific solutions, services, and partnerships form JAGGAER One, serving direct and indirect, upstream and downstream, in settings demanding an intelligent and comprehensive source-to-pay solution. Our 1,200 global employees are obsessed with helping customers create value, transform their businesses, and accelerate their journey to Autonomous Commerce. For more information, visit www.jaggaer.com
About Billtrust
Billtrust (NASDAQ: BTRS) is a leading provider of cloud-based software and integrated solutions to 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.
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