Over 52% of businesses ask for net terms, however nearly half (49%) of invoices generated by U.S. businesses go on to become overdue (PYMNTS).
Late payments not only affects your cash flow and available working capital but also your sales. Roughly 15% of a sales person’s time is spent on collections activities. That’s six hours a week that they are selling or interacting with prospects and customers.
Apruve makes offering net terms to your buyers as easy as accepting a credit card. By automating high volume, routine trade credit with guaranteed next-day financing, Apruve allows you to empower your employees while boosting working capital
Scale your net terms to increase revenue without having to worry about fraud or bad debt; collect payment on invoices in 24 hours and boost working capital.
Concentrate on closing deals; not waiting for credit approvals and collections. Improve credit efficiency and customer experience with pre-approvals and approve new buyers with credit lines that can exceed one million dollars in as little as 3 minutes.
Leverage Apruve’s global lending network to design optimal terms worldwide and reduce credit and A/R costs and resources by 30-50%. Expand your credit program and improve customer experience without adding headcount.
No more invoice delinquency. Get paid within 24 hours of invoicing.
Recognize immediate savings of up to 50% on labor and A/R expenses.
Decrease cash flow uncertainty to better predict working capital.
Buyers are sent through multiple databases to mitigate fraudulent purchases.
Pre-qualify current buyers and onboard new customers in as little as 3 minutes.
Customers can create purchasing teams, autopay, and track invoices from the buyer portal.
Automate mundane tasks to focus on more productive activities.
Increase financial visibility, forecasting, and working capital.
Optimize the customer experience and speed up the sales cycle.
Improve the experience by offering credit from your payment gateway.
Offer full visibility into credit lines, open invoices, and purchase history.