Case Study: a storage company achieves 96% card payment automation and $1.8M in savings with Billtrust

Storage Company automates 96% of card payments and saves $1.8M with Billtrust

A storage company faced significant cash flow challenges due to its entirely manual process for handling virtual credit card payments. This required over two full-time employees to process, causing delays and inefficiencies. The company turned to Billtrust and its Payments solution, including Digital Lockbox and Virtual Credit Cards, to automate this critical function.

By implementing Billtrust, the company automated 96% of its card payments, reducing a 20-hour manual task to just 10 minutes daily. This efficiency gain and access to better interchange rates resulted in $1.8 million in annual savings. Billtrust's platform also improved payment processing time from 3-4 days to under one day, dramatically enhancing cash flow and enabling the team to focus on strategic work.

Storage Company