Automate Accounts Receivable for B2B Credit Management
Offer payment terms to your business customer without any credit risk or A/R.
Collecting receivables is not your business!
Businesses commonly run into one large issue. Their customers want to buy now, but pay later. In order to meet your customers’ needs your business has opened its doors to this B2B buying behavior buying “On Account”. This decision has made your customers ecstatic, but has left your finance department stressed out. Every account and purchase continually adds more work, more room for error and risk of not receiving payment. To counter balance these issues companies commonly increase their receivables department, move to traditional factoring and/or buy trade credit insurance.
What if you could still offer your customers what they wanted.. but you would never have to worry about ever sending out another invoice, collecting payment, or even put another receivable on your balance sheet.
With Apruve this is all possible, we do more that just automate accounts receivable we are an AR solution. Our credit network connects buyers, sellers and banks to remove all the work and risk that is commonly associated with receivables.
Here’s how it works!
We plug into your current order taking processes, such as your ERP or eCommerce platform. When an order is taken, the information is automatically pulled into Apruve’s portal.
From there, Apruve issues payment to the seller within 24 hours of shipment and then takes the customer data to handle the invoices and collections. That’s right, you read that correctly:
- No Collections
- No Financial Risk
- No Invoicing
- Seller paid in 24 hours