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Btrs Holdings Inc's Business Segments
Btrs Holdings Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q3 FY2022
Reportable Segments
3
Largest Segment
Software and Payments
Total Revenue
$ 51
Regions Reported
-
Revenue Share by Reportable Segment - Q3 FY2022
- Software and Payments68.4%
- Print25.2%
- Corporate and Unallocated6.3%
Revenue by Reportable Segment - Q3 FY2022
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Software and Payments | $ 35 | 68.4% |
| $ 13 | 25.2% | |
| Corporate and Unallocated | $ 3 | 6.3% |
Revenue by Product & Service Category - Q3 FY2022
- Subscription and Transaction Revenenue8%
- Service6.3%
Revenue by Product & Service Category - Q3 FY2022
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Subscription and Transaction Revenenue | $ 4 | 8% |
| Service | $ 3 | 6.3% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Btrs Holdings Inc
Billtrust is a leading provider of cloud-based software and integrated payment processing solutions that simplify and automate business-to-business (“B2B”) commerce. For businesses around the world, there is a high degree of cost, risk, and complexity in timely receiving cash and recognizing revenue; Billtrust solves these problems by addressing both sides of the payment equation, delivering an order-to-cash platform that spans credit-to-cash application and collection, integrated with an open network connecting the B2B payments ecosystem.
Our solution is at the forefront of the ongoing digital transformation of accounts receivable (“AR”), providing mission-critical solutions that span credit decisioning and monitoring, online ordering, invoicing, cash application, and collections. Our Business Payments Network (“BPN”) connects B2B buyers and sellers to a community of banks, FinTechs, and card brands. Billtrust automates payments from digital lockbox to final posting in ERP, bridging receivables with buyers’ payment processes so sellers can manage cash flow more strategically and make it easier for customers to do business with them. Customers use our software as a service (“SaaS”) platform to transition from expensive paper invoicing and check acceptance to efficient electronic billing and payments, simplifying and accelerating transactions. Our scalable platform lets our customers maximize straight-through processing of invoicing, payments, and cash application while also reducing headcount. The machine learning capabilities and rules engine within our SaaS platform continuously evolve to solve order-to-cash challenges and deliver a higher rate of touchless transactions. We work with industry-leading security partners and take proactive steps to keep data secure from threats.
Collectively our platform reduces the complexity of B2B commerce for our customers. According to a 2019 Billentis report, there are over 280 billion annual invoices globally, but a significant proportion of B2B payments are still made by paper check. As we drive electronic invoice adoption, there is a significant opportunity to monetize electronic payments, which further expands our network in a virtuous cycle. According to Visa’s 2019 annual report, there is over $120 trillion of global B2B payment volume, and, according to a 2018 MasterCard report, over 50% of B2B payments are still made by paper check. Compounding this problem, there has been a recent proliferation of accounts payable (“AP”) software providers focused on enrolling suppliers in their network, which forces suppliers to post invoices into multiple AP portals. In addition, AP software providers are promoting acceptance of electronic payments, including single-use virtual cards, which has added stress and complexity to supplier AR systems.
Our secure, proprietary platform offers customers multiple ways to present invoices (online, email, AP portal, and print/mail) and receive payments (credit card, automated clearing house (“ACH”), email, phone and paper check). Our electronic solutions (“eSolutions”) team works closely with our customers to transition their users from paper invoices and payments to electronic, which results in accelerated savings, faster realization of cash, a reduced environmental footprint, and a better user experience. In turn, we benefit from margin expansion and incremental revenue through the monetization of electronic payments. We help customers prioritize which problems to solve, regularly assess ROI, optimize the impact of digitization across processes, and drive more value for their companies, allowing AR teams to play a more strategic role in moving a business forward.
In 2017, we created the BPN, which is a powerful network that connects buyers, suppliers, and financial institutions to simplify and streamline the process of accepting electronic payments. Most order-to-cash solutions focus too narrowly on just AR, leaving out the rest of the B2B payments ecosystem. The BPN was developed to extend a company’s order-to-cash functionality to all the buyers and third parties that require interactions with their AR team, allowing them to achieve unprecedented levels of digital payments thus simplifying and accelerating invoicing and payments acceptance. The BPN has built-in integrations with leading ERP and accounting systems, AP software providers, payment card issuers, and payment acceptance networks. The BPN offers a supplier business directory, programmatic payment preferences, payment acceptance flexibility, and streamlined reconciliation of remittance data.
Our solution is at the forefront of the ongoing digital transformation of accounts receivable (“AR”), providing mission-critical solutions that span credit decisioning and monitoring, online ordering, invoicing, cash application, and collections. Our Business Payments Network (“BPN”) connects B2B buyers and sellers to a community of banks, FinTechs, and card brands. Billtrust automates payments from digital lockbox to final posting in ERP, bridging receivables with buyers’ payment processes so sellers can manage cash flow more strategically and make it easier for customers to do business with them. Customers use our software as a service (“SaaS”) platform to transition from expensive paper invoicing and check acceptance to efficient electronic billing and payments, simplifying and accelerating transactions. Our scalable platform lets our customers maximize straight-through processing of invoicing, payments, and cash application while also reducing headcount. The machine learning capabilities and rules engine within our SaaS platform continuously evolve to solve order-to-cash challenges and deliver a higher rate of touchless transactions. We work with industry-leading security partners and take proactive steps to keep data secure from threats.
Collectively our platform reduces the complexity of B2B commerce for our customers. According to a 2019 Billentis report, there are over 280 billion annual invoices globally, but a significant proportion of B2B payments are still made by paper check. As we drive electronic invoice adoption, there is a significant opportunity to monetize electronic payments, which further expands our network in a virtuous cycle. According to Visa’s 2019 annual report, there is over $120 trillion of global B2B payment volume, and, according to a 2018 MasterCard report, over 50% of B2B payments are still made by paper check. Compounding this problem, there has been a recent proliferation of accounts payable (“AP”) software providers focused on enrolling suppliers in their network, which forces suppliers to post invoices into multiple AP portals. In addition, AP software providers are promoting acceptance of electronic payments, including single-use virtual cards, which has added stress and complexity to supplier AR systems.
Our secure, proprietary platform offers customers multiple ways to present invoices (online, email, AP portal, and print/mail) and receive payments (credit card, automated clearing house (“ACH”), email, phone and paper check). Our electronic solutions (“eSolutions”) team works closely with our customers to transition their users from paper invoices and payments to electronic, which results in accelerated savings, faster realization of cash, a reduced environmental footprint, and a better user experience. In turn, we benefit from margin expansion and incremental revenue through the monetization of electronic payments. We help customers prioritize which problems to solve, regularly assess ROI, optimize the impact of digitization across processes, and drive more value for their companies, allowing AR teams to play a more strategic role in moving a business forward.
In 2017, we created the BPN, which is a powerful network that connects buyers, suppliers, and financial institutions to simplify and streamline the process of accepting electronic payments. Most order-to-cash solutions focus too narrowly on just AR, leaving out the rest of the B2B payments ecosystem. The BPN was developed to extend a company’s order-to-cash functionality to all the buyers and third parties that require interactions with their AR team, allowing them to achieve unprecedented levels of digital payments thus simplifying and accelerating invoicing and payments acceptance. The BPN has built-in integrations with leading ERP and accounting systems, AP software providers, payment card issuers, and payment acceptance networks. The BPN offers a supplier business directory, programmatic payment preferences, payment acceptance flexibility, and streamlined reconciliation of remittance data.
Btrs Holdings Inc. Overview:
Btrs Holdings Inc. operates as a diversified holding company, managing an extensive portfolio across multiple segments. Each subsidiary under its umbrella specializes in distinct sectors, delivering specialized products and services tailored to meet the needs of their respective markets. Below is a detailed exploration of the segments, products, and services provided by Btrs Holdings Inc.
1. Aerospace and Defense
Btrs Holdings Inc. engages robustly in the aerospace and defense industry, offering a variety of cutting-edge products and comprehensive services.
- Advanced Composite Structures: The company designs and manufactures lightweight, high-strength composite materials that are essential for the construction of aircraft and military vehicles, improving fuel efficiency and structural integrity.
- Protective Coatings: Innovative coating solutions are developed to enhance the durability and performance of aerospace equipment, protecting them from corrosion, wear, and environmental factors.
- High-Performance Materials: Btrs provides specialized raw materials tailored for extreme environments, suitable for both military and civilian applications.
- Aircraft Systems Solutions: The company offers a suite of services, including R&D for innovative aircraft systems, including avionics, propulsion, and control systems.
- Maintenance, Repair, and Overhaul (MRO): Comprehensive MRO services ensure that military and civilian aircraft remain operationally ready, extending their life cycle while adhering to stringent safety standards.
Technology and Communications
This segment focuses on providing modern technological solutions, enabling businesses to enhance their operational efficiency and customer engagement.
- Software Solutions: Btrs develops and implements various software tools for marketing automation, CRM, business intelligence, and data analytics, helping organizations streamline their processes and make data-driven decisions.
- Network Services: The company provides services including network design, implementation, and management, ensuring robust connectivity for enterprises.
- Cloud Computing: Btrs offers comprehensive cloud-based solutions, including infrastructure as a service (IaaS) and platform as a service (PaaS), allowing businesses to leverage scalable computing resources without the need for extensive on-premise hardware.
- Infrastructure Solutions: This encompasses design and implementation of IT infrastructure, including server solutions, storage management, and data security systems to support business operations.
Consumer Goods
Btrs Holdings Inc. delivers a wide range of consumer products, catering to health, beauty, and personal care markets.
- Skin Care and Beauty Products: A diverse portfolio of skincare formulations, cosmetics, and personal care items designed to meet varied consumer preferences and skin types.
- Private Label Manufacturing: Btrs provides private label solutions, partnering with retailers and brands to produce bespoke skincare and hair care products tailored to their specifications.
- Dietary Supplements: The company formulates and markets a range of vitamins and dietary supplements, focusing on health-conscious consumers seeking to enhance their wellness regimes.
Energy and Infrastructure
Btrs is committed to sustainable energy solutions and infrastructure development, focusing on innovation and efficiency.
- Solar Power Systems: The company designs and installs solar energy systems that enable businesses and households to harness solar power, thereby reducing energy costs and environmental impact.
- Energy-Efficient Lighting Systems: Offering products that reduce energy consumption, including LED lights and smart lighting solutions that improve energy efficiency across various environments.
- Building Automation Systems: Integrating advanced technology to optimize energy use in buildings, creating smarter, more efficient spaces.
- Engineering, Procurement, and Construction (EPC): Comprehensive services for large-scale infrastructure projects, managing everything from design and engineering through procurement and construction.
Hospitality and Lifestyle
The hospitality segment focuses on creating luxurious and unique experiences for guests.
- Luxury Apparel and Accessories: Under its lifestyle offerings, Btrs provides upscale fashion items that reflect current trends while ensuring high quality.
- Cosmetics: The company markets premium cosmetic products that emphasize self-care and beauty, appealing to a discerning clientele.
- Upscale Hotels and Resorts: Btrs operates a collection of high-end accommodations, each designed to deliver exceptional service, amenities, and memorable experiences tailored to retreats and business travel.
Real Estate
This segment involves comprehensive real estate solutions that cover the lifecycle of property management and development.
- Development and Management: Engaging in the development of residential, commercial, and mixed-use properties while managing these assets for optimal performance.
- Financing Services: Btrs provides strategic financing solutions to support various real estate projects, facilitating acquisitions, rehabilitation, and leasing of properties.
Financial Services
Btrs Holdings Inc. offers an array of financial services aimed at fostering growth and stability for businesses and investors alike.
- Asset Management: The firm provides strategic asset management services, helping clients optimize their investment portfolios while mitigating risks.
- Investment Banking: Btrs engages in advisory roles for mergers, acquisitions, and capital raising initiatives, tailored to meet the unique needs of its clients.
- Private Equity: The company invests in and manages private equity funds, targeting high-potential growth companies across sectors.
- Financing Solutions: Offering tailored financing products designed for small and mid-sized businesses to facilitate growth and operational needs.
Conclusion
Btrs Holdings Inc. stands as a formidable diversified holding company with a rich portfolio spanning aerospace and defense, technology and communications, consumer goods, energy and infrastructure, hospitality and lifestyle, real estate, and financial services. Its strategic positioning across these segments allows Btrs to leverage its multifaceted expertise, drive innovation, and deliver significant value for its stakeholders.
Btrs Holdings Inc. operates as a diversified holding company, managing an extensive portfolio across multiple segments. Each subsidiary under its umbrella specializes in distinct sectors, delivering specialized products and services tailored to meet the needs of their respective markets. Below is a detailed exploration of the segments, products, and services provided by Btrs Holdings Inc.
1. Aerospace and Defense
Btrs Holdings Inc. engages robustly in the aerospace and defense industry, offering a variety of cutting-edge products and comprehensive services.
- Advanced Composite Structures: The company designs and manufactures lightweight, high-strength composite materials that are essential for the construction of aircraft and military vehicles, improving fuel efficiency and structural integrity.
- Protective Coatings: Innovative coating solutions are developed to enhance the durability and performance of aerospace equipment, protecting them from corrosion, wear, and environmental factors.
- High-Performance Materials: Btrs provides specialized raw materials tailored for extreme environments, suitable for both military and civilian applications.
- Aircraft Systems Solutions: The company offers a suite of services, including R&D for innovative aircraft systems, including avionics, propulsion, and control systems.
- Maintenance, Repair, and Overhaul (MRO): Comprehensive MRO services ensure that military and civilian aircraft remain operationally ready, extending their life cycle while adhering to stringent safety standards.
Technology and Communications
This segment focuses on providing modern technological solutions, enabling businesses to enhance their operational efficiency and customer engagement.
- Software Solutions: Btrs develops and implements various software tools for marketing automation, CRM, business intelligence, and data analytics, helping organizations streamline their processes and make data-driven decisions.
- Network Services: The company provides services including network design, implementation, and management, ensuring robust connectivity for enterprises.
- Cloud Computing: Btrs offers comprehensive cloud-based solutions, including infrastructure as a service (IaaS) and platform as a service (PaaS), allowing businesses to leverage scalable computing resources without the need for extensive on-premise hardware.
- Infrastructure Solutions: This encompasses design and implementation of IT infrastructure, including server solutions, storage management, and data security systems to support business operations.
Consumer Goods
Btrs Holdings Inc. delivers a wide range of consumer products, catering to health, beauty, and personal care markets.
- Skin Care and Beauty Products: A diverse portfolio of skincare formulations, cosmetics, and personal care items designed to meet varied consumer preferences and skin types.
- Private Label Manufacturing: Btrs provides private label solutions, partnering with retailers and brands to produce bespoke skincare and hair care products tailored to their specifications.
- Dietary Supplements: The company formulates and markets a range of vitamins and dietary supplements, focusing on health-conscious consumers seeking to enhance their wellness regimes.
Energy and Infrastructure
Btrs is committed to sustainable energy solutions and infrastructure development, focusing on innovation and efficiency.
- Solar Power Systems: The company designs and installs solar energy systems that enable businesses and households to harness solar power, thereby reducing energy costs and environmental impact.
- Energy-Efficient Lighting Systems: Offering products that reduce energy consumption, including LED lights and smart lighting solutions that improve energy efficiency across various environments.
- Building Automation Systems: Integrating advanced technology to optimize energy use in buildings, creating smarter, more efficient spaces.
- Engineering, Procurement, and Construction (EPC): Comprehensive services for large-scale infrastructure projects, managing everything from design and engineering through procurement and construction.
Hospitality and Lifestyle
The hospitality segment focuses on creating luxurious and unique experiences for guests.
- Luxury Apparel and Accessories: Under its lifestyle offerings, Btrs provides upscale fashion items that reflect current trends while ensuring high quality.
- Cosmetics: The company markets premium cosmetic products that emphasize self-care and beauty, appealing to a discerning clientele.
- Upscale Hotels and Resorts: Btrs operates a collection of high-end accommodations, each designed to deliver exceptional service, amenities, and memorable experiences tailored to retreats and business travel.
Real Estate
This segment involves comprehensive real estate solutions that cover the lifecycle of property management and development.
- Development and Management: Engaging in the development of residential, commercial, and mixed-use properties while managing these assets for optimal performance.
- Financing Services: Btrs provides strategic financing solutions to support various real estate projects, facilitating acquisitions, rehabilitation, and leasing of properties.
Financial Services
Btrs Holdings Inc. offers an array of financial services aimed at fostering growth and stability for businesses and investors alike.
- Asset Management: The firm provides strategic asset management services, helping clients optimize their investment portfolios while mitigating risks.
- Investment Banking: Btrs engages in advisory roles for mergers, acquisitions, and capital raising initiatives, tailored to meet the unique needs of its clients.
- Private Equity: The company invests in and manages private equity funds, targeting high-potential growth companies across sectors.
- Financing Solutions: Offering tailored financing products designed for small and mid-sized businesses to facilitate growth and operational needs.
Conclusion
Btrs Holdings Inc. stands as a formidable diversified holding company with a rich portfolio spanning aerospace and defense, technology and communications, consumer goods, energy and infrastructure, hospitality and lifestyle, real estate, and financial services. Its strategic positioning across these segments allows Btrs to leverage its multifaceted expertise, drive innovation, and deliver significant value for its stakeholders.