News & Insights · Approx. 2 minute read
TreviPay and Ingram Micro Team to Bring Trade Credit Solution to Channel Partners
New alliance provides Ingram Micro’s channel partners with access to flexible net terms to help bolster B2B sales and build customer loyalty
OVERLAND PARK, Kan., May 22, 2023 —TreviPay, the global B2B payments and invoicing network, has been selected by global technology distributor Ingram Micro to enable channel partners with trade credit. Through the strategic alliance, Ingram Micro’s channel partners in Canada have the opportunity to drive higher average order values (AOV) and repeat purchases by providing their B2B buyers with a dedicated line of credit at checkout.
Under the new relationship, Ingram Micro’s network of channel partners in Canada can now offer trade credit to their buyers without extending their own working capital or worrying about credit insurance, underwriting, credit management, collection and associated back-office investments and costs.
“Together with TreviPay, we are expanding our flexible financing to better enable our channel partners to meet the needs of their customers and close more business using trade credit,” said Ada de Michele, Director of Credit and Financial Solutions at Ingram Micro. “TreviPay’s deep industry experience and buyer insights will help drive greater value across our global ecosystem, giving more businesses and people ways to realize the promise of technology. The additional financing options also help to minimize non-payment risk for channel partners and maximize cash flow.”
Ongoing digital transformation efforts and the ability to switch vendors at the touch of a button indicate B2B buyers aren’t likely to stick around if the payments experience is not satisfactory. A TreviPay study found that 82% of B2B buyers would switch vendors to one that offers 30-, 60- 90-day terms to better meet their needs.
“With today’s rate environment continuing to rise, working capital is more important than ever,” said Jeff Coppolo, Chief Revenue Officer of TreviPay. “TreviPay’s solution will enable Ingram Micro’s extensive network of channel partners to provide buyers with flexible settlement terms, instant decisioning and trade credit. Resellers can enjoy the security of guaranteed, regular cash flow without taking on any credit risk or process responsibilities.”
To learn more about improving payments for reseller networks, contact TreviPay online today.
At TreviPay, we believe loyalty begins at the payment. By understanding the diverse and unique requirements of B2B sellers, TreviPay’s global B2B payments and invoicing network enables enterprises to provide payments choice and convenience, open new markets and automate accounts receivables. With more than four decades of experience, TreviPay serves leaders looking to build loyalty while driving efficiency and embracing new digital channels, especially in industries with large distribution networks such as manufacturing, retail, and transportation. For more information, visit trevipay.com.