Walmart's Business Pay by Invoice offering is facilitated by TreviPay, enabling businesses to manage their invoices more efficiently.
In the ever-evolving landscape of B2B payments, TreviPay is making strides with its innovative Pay by Invoice offering. This service is a key component of TreviPay's vision for Zero Touch A/R in B2B payments.
TreviPay's collaboration with Walmart Business marks the launch of the next phase of Walmart's Pay By Invoice program. The offering is available for purchases made online, through the Walmart Business app, or in-store. Eligible business customers can enjoy a line of credit with 30-day net terms, helping them manage their cash flow more effectively.
The Zero Touch A/R vision encompasses AI-enhanced underwriting and smart invoicing, aiming to guarantee Days Sales Outstanding (DSO) and improve conversion rates. This vision aligns with a study by Murphy Research, which found that 85% of global business buyers want the option to pay on net terms.
Brandon Spear, CEO of TreviPay, believes that the biggest opportunity in retail currently lies in B2B. He stated, "By using TreviPay's payments technology and managed services solutions, businesses can streamline buyer onboarding, invoicing, and collections."
Pay by Invoice is designed to facilitate a convenient and effortless purchasing and payment process for businesses. The program offers detailed invoices for streamlined recordkeeping and procurement. Manually managing accounts receivable can slow business growth, increase errors, and create friction in the purchasing process. By automating these tasks, TreviPay's offering provides finance teams with more control, better visibility, and guaranteed cash flow.
The entrepreneur who spoke on the topic of B2B payments in commerce alongside Brandon Spear has not been specified. However, it is clear that the Pay by Invoice program is part of TreviPay's strategy to deliver efficiency and control for buyers in the B2B segment.
Moreover, the program allows buyers to defer payment, a feature that the Murphy Research study suggests could encourage more purchases. The study found that these buyers are likely to buy more when they can pay on net terms.
In conclusion, TreviPay's Pay by Invoice offering is a significant step forward in the B2B payments sector. By offering flexible payment options and streamlined automation, TreviPay is helping businesses manage their cash flow more effectively and fostering growth in the B2B segment.
