Order2Cash has been acquired by BTRS Holdings Inc.

Arrowpoint Advisory and Rothschild & Co have advised the shareholders of Order2Cash, a leading European B2B order-to-cash software provider, on its sale to Billtrust, a US-based B2B accounts receivable automation and integrated payments provider.

Founded in 2000, Order2Cash is dedicated to making the management of the order to cash cycle as streamlined and efficient as possible. The group had its initial success as a global outbound e-Invoicing solutions provider, building customer enterprise software environments for large-scale multinational customers. Today the platform has been expanded to offer an extensive and comprehensive suite of integrated, powerful, and intelligent cloud-based automation solutions.

Billtrust is a leading provider of cloud-based software and integrated payment processing solutions to simplify and automate B2B commerce. Accounts receivable is broken and relies on conventional processes that are outdated, inefficient, manual and largely paper based.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 AR, providing mission-critical solutions that span credit decisioning and monitoring, online ordering, invoice delivery, payments and remittance capture, invoicing, cash application and collections.

The transaction reinforces Arrowpoint Advisory’s experience in the financial software sector.

Marco Eeman, CTO at Order2Cash, said: “The Arrowpoint Advisory and Rothschild & Co team have supported us on several occasions before so were the natural choice for this transaction. The tactical guidance and insight from the team was pivotal in delivering this exceptional outcome. From beginning to end, the support that the team provided was outstanding.”

Ian Guilfoyle, Director at Arrowpoint Advisory, concluded: “Frank, Marco and the Order2Cash team have built an industry leader in the European market. The partnership with Billtrust will enable Order2Cash to continue its exciting growth journey, as the market demand for automation tools aimed at the Office of the CFO continues to grow.”

Contact the deal team