Staples loses #1 spot in the 2019 B2B Jan/San eCommerce Report

MINNEAPOLIS – June 3, 2019 – Apruve today announced the release of its 2019 Janitorial/Sanitation (Jan/San) B2B eCommerce report, outlining the top performers in the industry and the overall online efficiency for the industry. The Jan/San report put more than 70 cleaning product eCommerce sites through a thorough rubric to find the best performers in the industry. The rubric covers the overall performance as well as meeting B2B needs, marketing, and user experience. This year’s report shows how the industry has changed from 2018, covering over 20 new online stores and outlining how companies have increased or decreased their e-commerce […]

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Semiconductor Apruval Report Press Release

New Apruval Rating Ranks B2B eCommerce Efficiency for Semiconductors MINNEAPOLIS – May 15, 2019 – Apruve releases Semiconductor Apruval Rating, outlining the top online performers in the industry and areas to improve digital commerce. Over 50 B2B eCommerce sites in the Semiconductor industry were put through a thorough rubric highlighting each company’s B2B performance as it relates to their marketing, user experience, and ability to meet a business buyer’s expectations. “Ecommerce is a preference for consumer shopping, and this preference is being brought into the workplace as well,” said Michael Noble, CEO at Apruve, “By issuing these reports, we hope […]

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Apruve Announces New Board Member

MINNEAPOLIS – APRIL 23rd – Apruve, the credit automation platform, announces the addition of a new member to their Board of Directors, David Novak. Mr. Novak is an experienced enterprise business and technology leader with a proven track record in sales, business development, and product management. The new board member has most notably served as the Executive Vice President, Sales & Business Development for another Minneapolis based SaaS company, SPS Commerce. At SPS, David helped the company become an industry leader in cloud-based supply chain management solutions, which included the involvement and leadership through a very successful IPO in 2010. […]

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Reibus International Implements Apruve to offer net terms to its B2B Marketplace Customers.

Minneapolis, MN. – March 5, 2019 – Reibus International, an online B2B marketplace for prime, excess prime and secondary materials used in the industrial markets, today announced their partnership with Apruve, the B2B credit network. In the B2B industrial marketplace, the majority of B2B transactions are on net terms, a process where buyers pay for their purchases in 30 days from when it’s invoiced. This payment process involves credit approvals, invoicing, payment processing, and collections which is heavily manual and not designed for a streamlined purchasing experience. As Reibus International continues to grow they remain focused on providing customers with […]

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Minneapolis’ Apruve Raises $6 Million in Funding

Startup aims to eliminate accounts receivable through automation MINNEAPOLIS – Jan. 24, 2019 – Apruve, a B2B credit automation platform, today announced that it closed on $6 million in its Series A financing led by Cloud Apps Capital Partners with participation from TTV Capital and Allegis Capital. Minneapolis-based Apruve focuses on eliminating accounts receivable from the balance sheet of B2B companies. Its credit automation platform helps organizations to effortlessly extend payment terms to their customers without added back-office costs, cash flow concerns, or financial risk. “In today’s business market, it’s become a competitive advantage to extend terms, but it compromises […]

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Apruve and 3dcart Partner to Power B2B Payments in eCommerce

B2B ecommerce businesses using the 3dcart platform can now access Apruve as a preferred payment solution Minneapolis, MN. – December 6, 2018 – 3dcart, a leading web-based B2B eCommerce platform, today announced their partnership with Apruve, the B2B credit network that is revolutionizing the ecommerce market. 80% of B2B transactions are on net terms, a process where buyers get to pay for their purchases in 30 or 60 days from when it’s invoiced. From doing credit approvals to invoicing, payment processing, and collections, the process can be heavily manual and not designed for a streamlined eCommerce purchasing experience. As 3dcart […]

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B2B eCommerce Research Shows a Divided Online Experience for Electrical Distributors

Minneapolis, MN, 10/1/18— A recent study–surveying more than 230 websites–found a clear divide in the online experience offered by electrical distributors. The industry varies dramatically from eCommerce focused sellers with elaborate storefronts to companies with a minimal online presence. The Electrical Distribution Apruval Rating broke down the industry’s online experience into 4 distinct categories: eCommerce Focused: Companies with online storefronts who service their current customers, while also investing heavily in customer acquisition through guest checkout, in-depth product information, and actively marketing current promotions. eCommerce Portal: Have an active eCommerce site but are locked from the general public unless there is […]

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Boxed.com Implements Apruve’s Credit Network to Grow Its B2B eCommerce Initiative

[Minneapolis, Mn – August 8, 2018] Boxed.com, the big box eCommerce retailer, is targeting the fast-growing B2B eCommerce space by implementing Apruve’s B2B credit network to extend payment terms to their business customers. A recent Forrester Research report found that B2B eCommerce is on track to reach over $1.1 trillion in online sales by 2021. As of now, less than 50% of B2B companies have an eCommerce site–leaving plenty of opportunity for a proven online retailer like Boxed to take a commanding market share of this fast pace eCommerce sector. To meet the needs of the majority of companies that […]

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W. W. Grainger Ranked #1 for B2B eCommerce in Industrial Distribution

W. W. Grainger was ranked the best B2B eCommerce site amongst the top 50 Industrial Distribution companies. Apruve’s Apruval Rating applied a broad rubric to all featured sites based on their user experience, ability to meet B2B needs, and marketing strategy and ranked them by their overall scores. HD Supply was a close second in the report and tied for best User Experience overall, but fell short to W. W. Grainger in B2B specific features and marketing categories. Outside of ranking each company’s individual performance, Apruve’s Apruval Rating uncovered a vast amount of insight into the industry as a whole. […]

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BigCommerce B2B suppliers can now extend risk-free lines of credit to their buyers

Apruve, the largest online B2B credit network, has officially joined the BigCommerce App store. Extending credit to business buyers has commonly been a very cumbersome, risky, and paper-based process for many manufacturers, wholesalers, and distributors. For these reasons, many businesses have opted out of extending credit to their customers through eCommerce. Apruve’s application allows business owners to extend net terms through the BigCommerce platform. This gives their online and offline buyers risk-free credit terms without back-office management, or any paper-based processes. Furthermore, Apruve finances business buyers to pay suppliers in 24 hours, allowing suppliers the ability to speed up their […]

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