TreviPay , the most trusted B2B payments and invoicing network, announced enhancements to dealer management systems for commercial equipment dealers in the fleet maintenance space. In addition to the seamless onboarding and integration process, TreviPay’s advanced API technology captures line item details from transactions in real time. The enhancements provide a seamless payment experience for fleet drivers and dealers, eliminating manual, inefficient processes.
A recent study by TreviPay of 300 global commercial buyers confirms that sellers who offer a better payment experience have a competitive advantage, leading to greater buyer loyalty as well as higher Average Order Value (AOV) and Customer Lifetime Value (LTV). This includes user-friendly, frictionless omnichannel onboarding experiences and quick integration with an ERP. TreviPay’s Dealer Management Systems solution, which offers consolidated invoicing and payments, standardized reporting and reimbursement to merchants via TreviPay Working Capital and Risk Management, now includes turnkey onboarding for net terms or trade credit. Flexible payment options are particularly important for commercial buyers. The same study shows that 78% of respondents believe merchants should offer invoicing and 51% would switch to another merchant if they offered flexible net terms. Seamless onboarding makes these important payment preferences available more quickly.
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“From our years of experience working with commercial equipment manufacturers, dealers and fleets, we know that reducing friction and increasing efficiency are essential in today’s dynamic and fast-paced business landscape,” said Dan Zimmerman, Chief Product & Technology Officer of TreviPay. “TreviPay’s proprietary B2B technology platform enables deep-rooted business relationships. Payments are automated to eliminate manual input and reduce administrative costs, starting from a dealer’s first interaction with a new customer.”
By simplifying this process, TreviPay makes fleet management easier for everyone involved. Dealers can focus on providing a top-notch service, while drivers get back on the road faster, knowing their payments and repairs are being handled accurately and carefully.
TreviPay’s solution for dealer management system integrations
A leading OEM, one of the world’s largest manufacturers of medium and heavy-duty trucks and parts, wanted to scale a $50 million program. The truck manufacturer, which has been in business for nearly 120 years, used TreviPay‘s invoicing and payments solution to minimize errors across a large dealer and distributor network, driving growth and loyalty. Today, the OEM has experienced 42x accelerated growth and a 90% improvement in invoice accuracy, for $2 billion in program volume in the U.S. and Canada.
SOURCE: Businesswire