TreviPay and Spryker are Helping Merchants Build B2B Loyalty
Merchants can now implement TreviPay within the Spryker digital commerce platform to integrate net terms and automate invoicing to help future-proof digital payment experiences and build B2B loyalty
OVERLAND PARK, KS and BERLIN, May 1, 2023 — TreviPay and Spryker, a leading enterprise commerce platform for sophisticated commerce use cases in B2B, enterprise marketplaces and thing commerce, have today announced their partnership at B2B Online Chicago 2023 to integrate TreviPay’s global B2B payments and invoicing network into Spryker’s digital commerce and marketplace platform.
As part of Spryker’s composable commerce offering that allows businesses to select best-of-breed solutions and build a highly customized tech stack, TreviPay can now be integrated for merchants to provide choice and convenience to buyers and automate accounts receivables for their business customers.
Through the ever-changing business landscape, digital commerce sellers continue to seek flexible, secure and experienced technology partners to future-proof payments experiences and build customer loyalty. When merchants offer payment terms, accessible credit and digitized invoicing, they make it easier and faster for buyers to spend. In fact, research by TreviPay highlights that 74% of B2B buyers would make a purchase with a competitor if their vendor’s eCommerce store could not keep up with their purchasing expectations as a buyer. With an emphasis on loyalty-building payment experiences, offering trade credit through TreviPay will also increase cash flow for B2B merchants, freeing up their working capital for other value-driving activities.
“To best support the digitization of B2B transactions, sellers must meet today’s buyer expectations of having payments choice at checkout without sacrificing operational efficiency,” said Brandon Spear, CEO of TreviPay. “Our strategic partnership with Spryker’s composable platform will help merchants simplify the purchasing process for their business buyers with B2B-specific checkout APIs to incorporate trade credit and automated invoicing functions.”
In keeping pace with B2B buyer expectations that merchants offer seamless payments experiences, the TreviPay integration will enable Spryker’s B2B clients to offer increased payments choice and invoicing convenience at checkout. Upon joining TreviPay’s global invoicing network, merchants can increase sales while eliminating cross-border complexity and automatically meet regulatory requirements when expanding marketplace sales into new geographies.
“B2B businesses require innovative solutions to address buyer preferences and their evolving digital purchasing needs,” said Manishi Singh, SVP of App Composition Platform at Spryker. “We are excited to partner with TreviPay whose B2B payments expertise, customization and scalability will help our enterprise customers boost sales and loyalty.”
To learn more about TreviPay’s global B2B payments and invoicing network for marketplaces, visit us at B2B Chicago Online from May 1-3, 2023 in Booth 106 and Spryker in Booths 100-104.