OVERLAND PARK, Kan.--(BUSINESS WIRE)--Nov 20, 2024--
TreviPay, the most-trusted B2B payments and invoicing network, has expanded its order-to-cash (O2C) offering by enhancing the buyer onboarding experience through automation. With TreviPay’s proprietary Risk Management Platform, business buyers can now apply for trade credit through a dynamic self-serve application, making the onboarding experience easier, faster and more tailored. As the global B2B market continues to grow, sellers can leverage TreviPay’s automation technology to reduce manual reviews while also speeding up credit decisioning to near real-time. The dynamic application is localized for an expanded list of key geographies, including the U.S., Australia, Canada and the UK, to ensure country-specific business terminology, language and foreign regulatory requirements are addressed.
As highlighted during the inaugural TreviPay Crossroads conference in October, merchants who optimize the O2C process improve the B2B payments experience and build long-term buyer loyalty. Seamless onboarding in a seller’s trade credit program is the first step. Buyers using TreviPay’s automated onboarding will have a dynamic experience once company revenue numbers have been input. This will automatically prompt a tailored enterprise or SMB form version, saving sellers manual processing time and qualifying buyers to begin purchasing on net terms even quicker than before.
“Offering frictionless buyer experiences that bolster loyalty is a major component to optimizing the order-to-cash process for B2B sellers,” said Dan Zimmerman, Chief Product & Technology Officer of TreviPay. “With the latest automation updates, TreviPay clients can reduce manual efforts to ensure net terms programs are activated seamlessly and buyers can begin transacting as quickly as possible. This reduces online cart abandonment and helps buyers with time-sensitive orders needed to run their business.”
TreviPay’s proprietary Risk Management Platform is currently available in 19 countries and integrates dozens of external data sources, including credit bureaus and fraud scores, as well as machine learning and AI predictive capabilities to deliver near real-time decision-making for trade credit customers. In addition to speed and customization, the dynamic self-serve application has enhanced localization. Additional features also available to improve the buyer onboarding experience include:
To learn more about leveraging TreviPay Risk Management System to automate workflows and decisioning, visit https://www.trevipay.com/solutions.
About TreviPay
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.
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KEYWORD: AUSTRALIA/OCEANIA UNITED STATES CANADA NORTH AMERICA AUSTRALIA EUROPE KANSAS
INDUSTRY KEYWORD: PROFESSIONAL SERVICES PAYMENTS TECHNOLOGY FINANCE SOFTWARE FINTECH
SOURCE: TreviPay
Copyright Business Wire 2024.
PUB: 11/20/2024 08:00 AM/DISC: 11/20/2024 08:02 AM
http://www.businesswire.com/news/home/20241120531953/en