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.
Financed customers are 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.
Offer full visibility into credit lines, open invoices, and purchase history.
