Accounts Receivable Automation Leader
Recognized for Commitment to Environmental Issues, Labor and Human
Rights, Ethics and Sustainable Purchasing
LAWRENCEVILLE, N.J., March 28,
2023 /PRNewswire/ -- Billtrust, a B2B accounts
receivable (AR) automation and digital payments market leader, has
been recognized with a Bronze sustainability rating by the EcoVadis
rating agency, which specializes in evaluating environmental
performance and corporate social responsibility. The EcoVadis
methodology scores companies on twenty-one indicators across four
categories: Environment, Labor & Human Rights, Ethics and
Sustainable Procurement.
Sustainable business practices have always been a part of
Billtrust culture, but in 2021, the company conducted its first
materiality assessment to deepen its understanding of the most
important issues to its stakeholders and business. Gathering
expertise from customers, partners, employees, academia and NGOs,
Billtrust worked to ensure its strategy was shaped by stakeholder
feedback while reflecting its long standing company values. With an
integrated, enterprise-wide approach to its Environmental, Social
& Governance (ESG) program, Billtrust ensures alignment with
its values and invests in what is most material to the company and
the communities it impacts.
Key sustainability initiatives for Billtrust include:
- Sustainable Product Innovation. Billtrust transforms our
customers' billing processes to enable more sustainable B2B
payments. From January 2021 to
June 2022, we:
-
- Drove eSolutions customer campaigns to accelerate digital
adoption, saving 301 million paper invoices and 22 million paper
checks from landfills.
- Introduced our Sustainability/eAdoption award to recognize one
customer per year for realizing high-impact environmental
savings.
- Incorporated environmental savings in our conversations with
customers to demonstrate how digitizing paper billing and invoicing
helps achieve business sustainability goals.
- Diversity, Equity, Inclusion & Belonging (DEIB). At
Billtrust, everyone belongs. Our commitment to Diversity, Equity,
Inclusion & Belonging (DEIB) is critical in fulfilling our
vision to retain exceptional talent and lift up the communities in
which we operate. We continually advance our DEIB efforts in a
range of areas, including hiring diverse talent and growing our
Employee Resource Groups (ERGs).
- Billtrust for Good. We have an established philanthropic
presence across the communities where we operate and throughout the
world, and our employees are a key element of our social impact
programming. In February 2022, we
launched Billtrust for Good to drive social impact in our
communities through activities such as partnerships with non-profit
organizations, employee volunteering initiatives and corporate and
matching grants. We make corporate donations and host employee
volunteer activities regularly, including our recent company-wide
Billtrust for Better Day, and 100% of our senior executives take
part in Billtrust for Good programming.
- Data Security and Privacy. Our enterprise cloud services
are independently validated through third-party audits, continual
self-assessment and legal oversight. We publish our privacy
policies and terms of service, which describes our practices
concerning the use, transmission and disclosure of
information.
- Energy and Greenhouse Gas Management. Billtrust hired a
third-party environmental consulting firm to conduct our 2021
environmental baseline measurement report, covering scope 1, 2, and
specific 3 category greenhouse gas emissions under the GHG
Protocol. Through the assessment, we verified that our
work-from-anywhere policy produced tangible environmental savings
per employee. We will continue to identify opportunities to reduce
our carbon footprint in our physical and digital operations, while
also promoting internal day-to-day sustainable practices.
"We are proud to receive the Bronze sustainability rating, which
is emblematic of our ongoing efforts to be responsible global
corporate citizens," said Sunil
Rajasekar, Billtrust CEO. "We embrace our responsibility as
a global company by focusing on people and culture, climate and
communities, and trust and accountability to create value for all
of our stakeholders and help address critical global issues."
More than 100,000 companies globally have been rated by
EcoVadis. EcoVadis' business sustainability ratings are based on
international sustainability standards such as the Ten Principles
of the UN Global Compact, the International Labour Organization
(ILO) conventions, the Global Reporting Initiative (GRI) standards
and the ISO 26000 standard.
About Billtrust
Billtrust is a leading provider of cloud-based software and
integrated payment processing solutions that simplify and automate
B2B commerce. The order-to-cash process 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 the order-to-cash process, 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.
Media Contact
Paul
Accardo
PR@Billtrust.com
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SOURCE Billtrust