LAWRENCEVILLE: Billtrust, a B2B order-to-cash software market leader, announced that Sunil Rajasekar has been appointed Chief Executive Officer.

Rajasekar succeeds Flint Lane, the Company’s founder, who will remain on the Board of Directors.

Rajasekar is a highly-experienced technology executive and comes to Billtrust with an impressive history of driving innovation and growth in his career.

He has a successful track record across leading B2B and financial services companies, most recently serving as President of Mindbody, a leading experience technology platform for the fitness, wellness and beauty industries.

Previously, Rajasekar served as General Manager at e-commerce giant eBay. He has also served as Chief Technology Officer for Lithium Technologies and as Vice President at Intuit. Sunil serves on the board of Duck Creek Technologies and Storable.

“I am honored to serve as the CEO of Billtrust, and it is clear to me that Billtrust is a special company with a great culture that solves a real business need for customers by removing the challenges around their order-to-cash processes,” said Rajasekar.

“This has always been a very important business function but even more so in today’s macro environment where managing a company’s cash flow and customer satisfaction is critical. I’m eager to collaborate with Flint as a Director on our Board, EQT as our new equity partner, our customers, partners and the incredible Billtrust team to drive our collective success.”

“Today marks the beginning of the next chapter for Billtrust, and I’m excited to see Sunil, a strong business leader with a robust technology background, take the reins to lead the company through its next stage of growth and maturation,” said Lane.

“While there are many to acknowledge for our success, I’d like to thank our customers, partners, investors, and most importantly, the Billtrust team. I am immensely grateful for the opportunity to have led the remarkable Billtrust team for the past twenty-one years, and I look forward to working closely with Sunil and the management team as a member of our Board of Directors.”

Billtrust is a leading provider of cloud-based software and 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 The order-to-cash process is broken and relies on conventional processes that are outdated, inefficient, manual and largely paper based.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.