TreviPay, the B2B funds and invoicing community, has launched superior buy controls to deal with ache factors within the B2B buying course of for its purchasers.
By automating controls that cut back cost delays, minimising guide reconciliation work and enhancing total compliance, TreviPay is enabling its enterprise purchasers to configure and implement customised B2B buy coverage constructions that align with their procurement necessities.
In accordance with a current examine with Murphy Analysis, bill customisation is a important a part of providing a seamless buying expertise, with 78 per cent of B2B consumers needing to customize or management sure elements of their buying expertise.
“Creating frictionless B2B commerce experiences is important for driving long-term purchaser loyalty for our purchasers,” defined Dan Zimmerman, chief product and expertise officer at TreviPay. “TreviPay’s superior buy controls present companies with the pliability to customize guardrails forward of the ordering course of to allow them to optimize entry to spending and assist preserve correct data.”
The superior buy controls answer features a vary of configurable choices to make sure B2B consumers pays invoices in accordance with their preferences.
- Buy order (PO) quantity requirement: Ensures that no cost could be processed with no legitimate PO quantity
- Quantity-based PO: Enforces PO necessities for transactions that exceed a buyer-defined threshold
- Distinctive PO quantity validation: Prevents duplicate PO numbers to take care of correct data and keep away from reconciliation points
- Customized PO quantity format: Ensures all PO numbers observe the particular format required by the customer’s techniques
TreviPay says these controls work throughout all buying channels, sustaining a unified buying expertise throughout all channels – on-line, in-store or by way of the gross sales staff. By routinely flagging and stopping non-compliant transactions on the level of buy, companies keep away from the pricey back-and-forth communication sometimes required to resolve buy order discrepancies.
Zimmerman additionally added: “By addressing widespread challenges or slowdowns within the ordering processes, we’re serving to our purchasers minimise the pressure on A/R groups and develop their enterprise, with out compromising the standard of the shopping for expertise.”