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July 15, 2021Blog Posts

Billtrust Expands Accounts Receivable and Integrated B2B Payments Capability with KONE Inc.

Business Wire

Billtrust, a B2B accounts receivable automation and integrated payments leader, announces KONE Inc., a leader in the elevator and escalator industry, will now be using Billtrust’s Invoicing platform and Business Payments Network (BPN) in Canada, enabling the company to send more invoices electronically while positioning them to accept digital payments through their preferred channels.

2020 IDC SaaS Accounts Receivable Award recipient for customer satisfaction, Billtrust was identified as the ideal solutions provider to help KONE Inc. incorporate integrated payments best practices while driving significant electronic payments adoption and reducing paper check usage among its buyers.

Expanding our relationship with Billtrust brings me confidence that we are leveraging the most advanced cash flow acceleration capabilities available,” said Ken Schmid, President and CEO, KONE Americas. “There is great power and efficiency in a trusted, single-platform provider across the order-to-cash process, and we are thrilled to leverage the strong U.S. results we’ve had with Billtrust in Canada.”

“We appreciate the opportunity to expand our relationship with KONE while increasing our international presence,” said Steve Pinado, Billtrust President. “We look forward to supporting both their U.S. and Canadian teams as they continue their digital transformation journey across the accounts receivable spectrum.”

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