OrderCloud’s open source eCommerce platform allows customers to quickly use the best of breed approach to solving the complexity of today’s B2B buying behavior. Open source allows companies to completely morph the platform to fit the needs of their customers. To solve the need of purchasing on terms, OrderCloud has partnered with Apruve.
How Apruve’s Credit Network works
Apruve ties together the latest technology with banks to make extending credit to business customers as simple as possible. Apruve’s credit network looks into the history of your business clients and provides them with real time credit limits to buy against. Once a purchase is made, our partnering banks finance the amount within 24 hours. All the collections and risk become the responsibility of Apruve, which makes extending credit as simple as accepting a credit card.
Why extend credit on OrderCloud
Over 40% of b2b transactions worldwide processed through an extended line of credit. Sadly, extending credit to business customers has commonly been a time consuming and manual process involving credit analysis, paper work and labor hours.
Apruve’s integration brings banks and the latest technology together to not only make this process easier for your customers but also to pay suppliers within 24 hours of shipment. Adding Apruve to your OrderCloud platform encourages growth in purchase frequency and Average Order Volume (AOV) for your business customers.
The Customer Experience
Say goodbye to PDFs and fax machines. The customer experience for your buyers with Apruve remains online. New customers will be asked to fill out an online form to answer some specific business questions that help Apruve verify their creditworthiness. Once they are approved, which only takes a matter of moments, they will be given a credit limit to purchase against.
At checkout, existing customers just click on the “Pay with Apruve” button and quickly offer their credentials to verify their corporate account. Once logged in, they can complete the purchase.
After the purchase is completed the customer will receive an email confirmation. They will also have periodic reminder emails to pay their bill, through the online portal, as the due date approaches. Their online portal also shows purchasing history, upcoming bills and allows them to manage their corporate purchasing team.
Do you take offline orders?
Apruve’s open API can plug into the vast majority of order management systems. Whether the order is placed by phone, email or fax, your organization can enter those orders offline and placed with your Apruve account.
How to install?
Due to the custom nature of OrderCloud, some tweaks may be needed to integrate your online store. Please contact us directly to help with the integration development.
Once the financial and technical processes are complete, our team will supply you with the marketing materials needed to guide you and your customers through an efficient and knowledgeable onboarding experience.