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What You Don't Know About Automating A/R Financing May Blow You Away

Posted by Michael Noble - 11 April, 2022

Reduce Risk and Complexity when Extending Credit Internationally

Reduce Risk and Complexity in Extending Credit to International Customers

Expansion into international markets continues to be an essential strategy for businesses focused on long-term growth. CFO Research found that despite the pandemic-caused economic downturn, 45% of CFOs and VPs of Finance in large enterprise organizations planned to expand their business globally in 2021 or already had that expansion underway. This trend continues in 2022 as organizations seek to capture greater market share.

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The complexity of international expansion is a well-recognized barrier, but the need to maintain momentum for long-term growth is stronger. Though growth of the global economy is projected to slow to 4.4% in 2022, business leaders still predict expansion opportunities will remain strong. To simplify the move into new cross-border markets, finance and accounting professionals are exploring technologies that combine A/R automation with guaranteed next day financing and multi-currency, multilingual capabilities. Apruve is the only provider offering this transformative innovation, which is enabled by Apruve’s Global Credit Network

The integration of intelligent credit and A/R automation with Apruve’s Global Credit Network simplifies or eliminates the complexity of international trade by:

Reducing risk. When the order is shipped, B2B merchants receive payment within 24 hours of invoicing from Apruve, effectively reducing Days Sales Outstanding (DSO) to one on all purchases on net payment terms which eliminates Days Beyond Term (DBT). For buyers, extension of credit and the onboarding process takes as little as three minutes. 

Eliminating the need to scale staff. Apruve’s intelligent credit and A/R automation eliminates the need to build local A/R teams or increase headquarters A/R staff, effectively reducing the cost of international expansion.

Trading in multiple currencies and languages. Apruve’s Payment Platform makes it easy to extend risk-free credit to international customers by offering flexible multi-currency control and multilingual invoices, emails, and buyer portals.

Single provider for all markets. Apruve is in over 40 countries and growing, enabling B2B companies to implement online credit programs globally from a single platform in their customers’ preferred currency and language.

Capture markets with a better buyer experience

Finance and accounting professionals understand the ROI of intelligent credit and A/R automation is driven in part by the quality of the buyer experience. Multi-currency and multilingual capabilities smooth the buyer experience and help capture international market share. 

B2B buyer experiences that are seamless, simple and fast are becoming a market differentiator.  Must-have capabilities include:

  • Customization of credit and payment options to customer preferences, including net payment terms programs
  • End-to-end online purchasing process that allows buyers to see and select products, pay on net terms without using a credit card, autopay, and track invoices via a buyer portal
  • Online invoices, emails, and buyer portals that accommodate local languages, currencies and taxes

Read more about the new B2B buyer experience that’s created by intelligent credit and A/R automation in this FAQ. 

Apruve is simplifying credit and payments and reducing the risks and costs of expansion in more than 40 international markets. To discuss how Apruve could accelerate global growth in your organization with speed, efficiency, and multi-currency, multilingual capabilities, get in touch with one of our specialists today.  


In our next blog, we’ll explain how Fortune 500 companies are accelerating the growth of their ecommerce channels and modernizing the B2B buying experience with Apruve’s intelligent credit and A/R automation.

Topics: Finance


ABOUT APRUVE

Apruve enables large enterprises to automate long-tail credit and A/R so you can stop spending 80% of your time and resources on 20% of your revenue. We partner with each of our customers to solve their unique credit, payment, and accounts receivable challenges and build the right credit solutions for your markets, customers, and goals. 

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