TreviPay Introduces New Financing Option and Payment Application Features for B2B Net Terms Programs
Sellers can now fund net terms with their own capital, TreviPay's or a bank partner's, all managed on one platform, with new payment application features.
By TreviPay
New features allow sellers to optimize their order-to-cash process with TreviPay’s managed services and composable A/R automation platform
OVERLAND PARK, Kan., March 26, 2024 —TreviPay, the most-trusted B2B payments and invoicing network, today announces a new self-financing option along with enhanced payment application features to give sellers more control over their trade credit portfolio while leveraging TreviPay’s configurable technology platform. The option to use self-financing (an enterprise uses their capital to fund and support its net terms program) in combination with TreviPay’s order-to-cash capabilities and partnerships gives sellers a wide range of choice and more control over how they fund their business growth. Other financing options available are using capital from TreviPay and working with a third-party bank partner through the Financial Partner Gateway, TreviPay’s suite of APIs for financial institutions. In all cases, options are managed through a single platform, providing consistency and visibility to the process—resulting in fewer barriers in the purchasing and financing process as sellers look to gain greater share of wallet from their best customers.
TreviPay research shows that general inefficiencies, lack of support and lengthy onboarding are major pain points for B2B buyers, which may lead them to change suppliers or opt out of purchasing. Regardless of funding option, implementing a comprehensive, digitized A/R process through TreviPay’s platform automates mundane day-to-day tasks, eliminates manual errors and their associated costs, as well as speeds up customer onboarding, which creates a great first impression and is the first step to building buyer loyalty.
“B2B buying relationships are complex and require unique commerce services to best meet their needs,” said Dan Zimmerman, Chief Technology Officer of TreviPay. “TreviPay’s flexible net terms programs allow our clients to leverage our technology and automated decisioning engine for managing A/R, while configuring a funding option that works for them. Each program helps streamline business payment processes, increase customer purchasing power and drive growth for our clients.”
To learn more about TreviPay’s solutions, visit trevipay.com. And plan to join us at TreviPay Crossroads, the B2B Payments Conference, taking place October 2-4, 2024.
About TreviPay
TreviPay, The Pay by Invoice Company, is the global B2B payments infrastructure partner for manufacturers, retailers, travel companies and banks. With our fully managed platform, intelligent apps, and 40 years of buyer intelligence, we help buyers buy, and sellers grow and get paid faster. Behind the scenes, we streamline the order-to-cash process, from fast customer onboarding and predictive marketing to smart invoicing and settlement, all powered by AI that improves with every transaction. The result is fewer errors, higher AOV, and guaranteed DSO. Enabling $11B+ in global trade annually, TreviPay operates in 32 countries and was named a Leader for Embedded Payment Applications by IDC and a top vendor in cash application by The Hackett Group.
For more information, visit www.trevipay.com.