HAMILTON TOWNSHIP, N.J. , Dec. 5, 2024 /PRNewswire/ -- Billtrust , a B2B order-to-cash and digital payments market leader, has been named a Leader in two IDC MarketScape reports – IDC MarketScape: Worldwide Accounts Receivable Automation Applications for the Enterprise 2024 Vendor Assessment (doc #US51740924, December 2024 ) and IDC MarketScape: Worldwide Accounts Receivable Automation Applications for Small and Midmarket 2024 Vendor Assessment (doc #US52692224, December 2024 ). Billtrust was one of 14 providers evaluated for the enterprise report and one of 11 providers in the small and midmarket report. The IDC MarketScapes evaluate a broad set of SaaS and cloud-enabled accounts receivable automation software vendors based on innovation, functionality, range of services, customer satisfaction, cloud capabilities and architecture. "Billtrust is a Leader in the Accounts Receivable Automation Applications for Enterprise and Small and Midmarket," said Kevin Permenter , Research Director, Financial Applications at IDC. "Billtrust attempts to differentiate itself with a scalable, unified solution that simplifies AR processes and improvement to the payment experience their clients provide their customers, all while empowering their AR teams to turn financial data into insights that contribute to their business strategy. They offer an extensive suite of payment management capabilities designed to streamline and automate the accounts receivable process." Billtrust was recognized for the following strengths: Unified experience: "The unified platform enables customers to have an uninterrupted, AI-powered, complete view of customer activity across the entire AR process." Reporting and data analytics: "Billtrust's solutions feature dynamic reporting and dashboards." The news of Billtrust's recognition as a Leader in the IDC MarketScape comes as B2B businesses are leveraging technology like generative AI to boost efficiency and optimize operations as they grapple with the challenges of cash flow management, according to a recent IDC InfoBrief study (IDC InfoBrief, sponsored by Billtrust, "AI Pushing the Boundaries of What's Possible for OTC," IDC #US52446224, August 2024 ). Billtrust recently announced new generative AI functionality within its accounts receivable software platform to empower finance professionals to better understand their business, make strategic decisions, maximize cash flow and engage customers more effectively. "We are honored to be recognized as a Leader in the IDC MarketScape, which we believe reflects our dedication to innovation, digital transformation, and delivering exceptional customer outcomes," said Sunil Rajasekar , CEO of Billtrust. "In 2024, we achieved remarkable milestones, including the launch of our generative AI tool, Billtrust Finance Co-Pilot, which provides unmatched, in-depth analysis of customer data. We are proud to support finance teams in working more efficiently, accelerating payments, and enhancing the buyer experience." About IDC MarketScape IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers. About Billtrust Finance leaders turn to Billtrust to get paid faster while controlling costs, accelerating cash flow and maximizing customer satisfaction. As a B2B order-to-cash software and digital payments market leader, we help the world's leading brands move finance forward with AI-powered solutions to transition from expensive paper invoicing and check acceptance to efficient electronic billing and payments. With more than $1 trillion invoice dollars processed, Billtrust delivers business value through deep industry expertise and a culture relentlessly focused on delivering meaningful customer outcomes. Media Contact Paul Accardo [email protected] SOURCE Billtrust
Franklin Resources Inc. lifted its position in SPDR S&P Regional Banking ETF ( NYSEARCA:KRE – Free Report ) by 1,462.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,000 shares of the exchange traded fund’s stock after acquiring an additional 23,400 shares during the quarter. Franklin Resources Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $1,462,000 at the end of the most recent reporting period. Several other institutional investors have also recently made changes to their positions in KRE. Main Management ETF Advisors LLC raised its position in SPDR S&P Regional Banking ETF by 2.6% in the 2nd quarter. Main Management ETF Advisors LLC now owns 2,538,750 shares of the exchange traded fund’s stock worth $124,653,000 after purchasing an additional 63,750 shares during the period. Toronto Dominion Bank lifted its stake in shares of SPDR S&P Regional Banking ETF by 195.9% during the 2nd quarter. Toronto Dominion Bank now owns 754,500 shares of the exchange traded fund’s stock worth $37,046,000 after acquiring an additional 499,500 shares during the last quarter. Mirae Asset Securities USA Inc. bought a new stake in shares of SPDR S&P Regional Banking ETF during the 2nd quarter worth approximately $36,825,000. National Bank of Canada FI boosted its holdings in SPDR S&P Regional Banking ETF by 63.7% during the 2nd quarter. National Bank of Canada FI now owns 710,572 shares of the exchange traded fund’s stock valued at $34,725,000 after acquiring an additional 276,437 shares during the period. Finally, Holocene Advisors LP grew its position in SPDR S&P Regional Banking ETF by 142.6% in the 3rd quarter. Holocene Advisors LP now owns 529,379 shares of the exchange traded fund’s stock valued at $29,963,000 after acquiring an additional 311,147 shares during the last quarter. SPDR S&P Regional Banking ETF Stock Down 1.2 % KRE stock opened at $60.57 on Friday. SPDR S&P Regional Banking ETF has a twelve month low of $45.46 and a twelve month high of $70.25. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The business’s fifty day simple moving average is $63.55 and its two-hundred day simple moving average is $57.24. About SPDR S&P Regional Banking ETF SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali. Further Reading Receive News & Ratings for SPDR S&P Regional Banking ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Regional Banking ETF and related companies with MarketBeat.com's FREE daily email newsletter .
