Apruve is a solution for B2B digital payments. It handles all the applications related to invoices, credit, collections, and payments. This is an automated service, so it handles everything without bothering you. It enables you to keep your focus on the business and manages the payment related operations by itself.
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Companies or businesses need to manage the payments that take place in the business. Today everything has gone digital, and so has the payments. You need to manage the digital payments. Apruve is a software that handles all these operations.
In the first step, you receive an order for a product or service which is placed through some order management software. After that, you get the payment of that order in your bank account after 24 hours. The software manages all the invoicing needed in the purchase. It sends the invoice to the customer. After that, the customer chooses his/her payment method and pays to Apruve.
The Credit Approval Process
Current buyers don’t need to apply for this approval. New customers need to apply through the online credit application form. The approval takes very less time of around 3 minutes. After the approval, the customers are informed about the approval and are given a credit limit. Now they can connect their payment information to the portal.
B2B Credit Management
It helps in Business2Business credit management by making you free from the burden of making approvals for credit, collections, and payments. It lowers the Days Sales Outstanding. It mitigates the risks and hence improves the working capital. It provides you with an automatic invoicing facility. It lowers the A/R expenses by 30 %.
It allows the customers to view their invoices, purchasing history, and options for making the payment. It helps in increasing financial visibility and forecasting. It does optimize the experience of a customer. It also helps in speeding up the sales cycle. It offers transparency in the working environment of the payment process. You get full visibility of the credit lines. It offers credit from your payment gateway.
Company Name: Apruve
Founded In: 2013