Billtrust, Jamesburg, N.J., a provider of outsourced billing services, announced that its clients' adoption rates for electronic billings rose 40 percent since the beginning of the year. This rate is calculated by taking the total number of invoices sent electronically and dividing by the total number of bills sent for a defined time period.
Billtrust launched an “Accelerated e-Adoption Program” in March to offer best practice consultation, implementation support and incentives for achieving key milestones. Each quarter Billtrust rewards the customer that achieves the highest e-adoption point increase with an office party. The 2007 second-quarter winner is Harry Cooper Supply, an electrical, plumbing, waterworks, HVAC and datacom distributor in Springfield, Mo., which saw a 24-point increase over the previous quarter.
“We are thrilled with the strong e-Adoption results we achieved. Billtrust helped get us started and provided tools and reports to keep us on track,” says Larry McMullin, corporate controller at Harry Cooper Supply.
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