Through Apruve, large enterprises benefit from trade credit automation which decreases days sales outstanding (DSO) to one day and improves the customer experience. As a result, extending credit with net terms is similar to simply providing a Buy Now, Pay Later option upon creation of a PO.
Traditionally, the process for offering trade credit is labor-intensive and paper-based. With trade credit automation, enterprises improve visibility into cash flow, reduce errors in data processing, and improve efficiency.
How is this possible? With Apruve, large enterprises are able to automate:
- Underwriting
- Decisioning
- Extending terms
- Receivables
On the other side of the equation, business buyers are more likely to purchase more often and with higher order volume when net terms are easily available.
