TreviPay Enhances Dealer Management with New API Solutions
TreviPay's Innovative API Integration for Dealers
TreviPay, a renowned name in the B2B payments and invoicing landscape, has recently declared significant enhancements to its dealer management system designed specifically for commercial equipment dealers. The new changes focus on providing dealers with a seamless integration process, which is highly crucial for managing fleet services efficiently. With TreviPay’s state-of-the-art API technology, transaction line-item details are captured in real-time, streamlining the payments experience for both fleet drivers and dealers, while eliminating unnecessary manual processes.
Transforming the Payments Experience
A study conducted by TreviPay involving 300 global business buyers has revealed compelling insights. It indicates that businesses that provide an improved payments experience stand to gain a competitive advantage. This approach leads to increased buyer loyalty, a rise in average order value (AOV), and enhanced customer lifetime value (LTV). The study also highlighted that flexibility in payments, such as offering invoicing options, is paramount for the success of merchants. An astonishing 78% of respondents stated that invoicing flexibility is essential, with over half expressing willingness to switch to merchants that provide such options.
Simplifying Onboarding for Dealers
Dan Zimmerman, Chief Product & Technology Officer of TreviPay, emphasized the importance of reduced friction and increased efficiency in today’s fast-paced business environment. He stated, "TreviPay's platform is built to foster strong business relationships by automating payment processes, thus minimizing manual data entry and administrative expenses from the very first interaction a dealer has with a new client." This commitment to simplifying the onboarding process means that dealers can quickly access the payment options their customers desire, ultimately enhancing service delivery and client satisfaction.
Case Study: Success of a Leading OEM
An illustrative success story involves one of the world’s largest manufacturers of medium and heavy-duty trucks, which has utilized TreviPay's invoicing and payment solutions to scale a $50 million program efficiently. The nearly 120-year-old company reported astounding accomplishments with a 42-fold increase in growth and a 90% improvement in invoice accuracy across a program volume of $2 billion in both the U.S. and Canada thanks to TreviPay's interventions.
Preview of TreviPay Crossroads Event
To keep up with industry innovations and best practices, TreviPay Crossroads will convene industry leaders from around the globe on October 2-4, 2024, in Kansas City. This event will explore actionable strategies to optimize the order-to-cash processes of manufacturers, offering a unique opportunity for networking and knowledge sharing.
About TreviPay
TreviPay thrives on the philosophy that loyalty initiates at the payment stage. Recognizing the unique requirements of B2B sellers, TreviPay’s global network enhances payment options, promotes market expansion, and automates accounts receivables. With an impressive history spanning over four decades, TreviPay empowers leaders across diverse sectors to enhance loyalty, increase efficiency, and adapt to the evolving digital landscape.
Frequently Asked Questions
What are the key enhancements introduced by TreviPay?
TreviPay has introduced advanced API integrations that enhance dealer management systems by capturing transaction details in real-time and simplifying the onboarding process for users.
How does TreviPay improve the payments experience for businesses?
By offering flexible payment solutions, including invoicing options, TreviPay helps businesses enhance buyer loyalty and increase both average order value and customer lifetime value.
What benefits did the leading OEM experience using TreviPay?
The leading OEM achieved a remarkable 42x growth and a 90% improvement in invoice accuracy across a $2 billion program volume.
How does TreviPay support the dealer management process?
TreviPay simplifies payment processes, allowing dealers to focus on service delivery while ensuring that payments and transactions are handled efficiently.
What is TreviPay Crossroads?
TreviPay Crossroads is an upcoming event where industry leaders will gather to share insights and strategies regarding the order-to-cash process in the manufacturing sector.
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