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Billtrust Acquires Software Firm Second Phase
Thursday 18 April 2019

18 April 2019 - US-based B2B order-to-cash solutions provider Billtrust has acquired Second Phase, a software solution provider in B2B e-commerce for wholesale distribution companies, the company said.

This acquisition allows Billtrust to help further streamline and digitize the order-to-cash experience.

Based in Boulder, Colorado, Second Phase offers B2B e-commerce solutions that dramatically increase the profitability of wholesale distributors at a price point that works for distributors of all sizes.

Their solutions are based on a SAAS Cloud software model and provide a complete turnkey solution that leverages the latest technology.

Second Phase is the preferred eCommerce solution partner for leading wholesale buying groups, including Imark Electrical, Imark Plumbing and Bluehawk.

Forrester Research forecasts that US B2B eCommerce will reach USD 1.8tn by 2023.

Bank of America projects there is a total addressable market for e-commerce B2B of USD 1.4tn by 2021, which is nearly double the firm's estimated USD 761bn market for consumer e-commerce.

Billtrust accelerates cash flow by automating credit decisioning and monitoring, invoice delivery, payment capture, cash application, and collections.

Billtrust customers improve operational efficiency across the credit-to-cash spectrum via a flexible and integrated cloud-based solution set.

Finance executives and A/R specialists love and recommend Billtrust for the remarkable cost savings, ease-of-use, process efficiency, and improved customer satisfaction rates.
Details
Date Published: 18/04/2019
Target: Second Phase
Country: USA
Sector: Computer Software
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Billtrust
Comment:
Terms of the deal were not disclosed

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