More and more business buyers now see digital commerce as a more efficient and effective way to research and purchase corporate goods and services. B2B ecommerce in 2021 increased year over year by 15.2% to $13.09 trillion from $11.36 trillion in 2020. But what does that mean for manufacturers?
It means increased direct sales. Over 40% of B2B transactions are processed through a net payment terms program, so for most companies it means more credit and A/R headcount.
Trade credit and A/R automation allows you to empower your employees to achieve their highest performance level without adding headcount and sacrificing customer service. It transforms every role into a growth-inducing engine.
Automate high volume, routine B2B invoices. Focus on your most valuable customers while improving the buyer experience for everyone.
Improve credit efficiency and customer experience with pre-approvals and approve new buyers for online orders. Orders using Apruve are on average over 5x larger than credit card orders.
Extend optimal terms for new and existing customers quickly and easily. Apruve allows your enterprise to increase direct sales, international markets, and customers without adding credit and A/R headcount.
No more collections! Get paid the next day for all purchases on net payment terms.
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.
Reduce fixed credit and A/R costs and resources by over 50%, while improving the customer experience with automation.
Reduce risk and increase working capital with revenue predictability.
Everything from credit applications to payments is online and automated.