HOW IT WORKS
Taking into consideration your geography, buyer base, and company goals.
Through any order management software.
Funds will be deposited into your bank account the next day.
All communications are branded to your preference.
Customers choose their preferred payment method in their buyer portal.
Current buyers with purchase history can be prequalified without a credit application. New customers apply through the online credit application and are approved in as little as 3 min.
Buyers will be notified that they are approved and provided a credit limit. Using the buyer portal, buyers can set up a purchasing team, create autopay, and connect payment information.
Businesses can use their credit limit immediately and track all their open invoices and purchase history from their buyer portal.
APPROVED IN AS LITTLE AS 3 MIN.
CREDIT LINES CAN EXCEED $1M
INVOICE PAID IN 24 HRS.
In a non-recourse program, each individual buyer is approved and given a line of credit based on their creditworthiness. This process eliminates the financial risk from the supplier, but typically requires more information from businesses applying for a corporate account.
In a recourse program, buyers are given a line of credit based on their purchase history with the supplier. This type of financing allows for a higher approval rating, but does not mitigate risk. Buyers can be given a credit limit without filling out a credit application.
This hybrid approach allows businesses to finance their most trusted buyers at a lower rate, while mitigating risk from their new or riskiest buyers.
Offer an application free onboarding process to your preferred clientele by financing them through a recourse program. New or risky buyers apply through a credit application for a non-recourse program that mitigates financial risks.
This program uses the best of both financing methods to actively decrease risk and financing fees.
Through self-financing, you will be paid when the customer pays like a normal credit program, but Apruve will help with risk analysis, collections automation, and account management. Suppliers are able to create logic around approvals and credit limits as well.
Connect with our Payment Specialists to learn more!