B2B billing and payment companies TreviPay We have set up a professional network for businesses of all sizes.
According to a press release on Wednesday, July 20, the launch includes three networks, including a private network. This allows large sellers to create a “closed and branded merchant credit network that buys invoices on all channels” for all customers. “
The TreviPay network, on the other hand, is similar to a private network, but is designed for medium-sized businesses that “want to provide business buyers with immediate credit and billing, but don’t need a branded solution,” the Kansas company said. I am.
Finally, the upcoming SME provider network allows banks to provide SMEs with flexible payment terms, eliminate the risk of bad debt and free up capital.
Brandon Spear, CEO of TreviPay, said the network will help customers by automating complex billing and streamlining accounts payable and accounts receivable workflows.
“In the same way PayPal built a network around the world of Visa and Mastercard, TreviPay built a parallel payment network specifically designed for B2B billing and payments,” Spear said. increase. “Creating the same“ network effect ”in B2B commerce optimizes commerce and loyalty. “
read more: Business shoppers want Uber-like payment simplicity
PYMNTS recently spoke with TreviPay Chief Revenue Officer Jeff Coppolo about how B2B buyers expect a business-to-business (B2C) e-commerce experience.
“Buyer expectations are like consumer expectations. They are exorbitant,” said Coppolo. “And we need to create a payment system and payment experience that is very similar to Uber in the B2B world.”
He said it was a change in the ocean reforming B2Be commerce. Also, paying in space is much more complex than on the consumer side and is difficult due to the additional steps involved in subscriptions, adjustments and final payments.
“In the world of B2B payments and transactions, there are traditional processes that need to be automated and digitized, and that’s all happening,” says Coppolo. “Many companies, including TreviPay, have entered the field and are trying to solve all this complexity.”
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