When automating B2B credit, look for platform flexibility, ease of use, financing, and access to global lenders, because the underwriting process where credit terms are decided should be automated, and based on your business rules.
An effective B2B credit system offers the following:
Simple buying experience – Automated credit programs that offer a consumer-like experience to secure and receive credit easily directly from the seller. During order placement or checkout, B2B credit platforms offer net terms and buy now pay later options directly.
Global lending network – Customize credit terms from a worldwide network of lenders.
Flexible options – Examples of flexible credit terms include pre-paid, net terms, and pay-over-time choices.
Financing – Eliminate cash flow gaps and get paid early, even when buyers pay on terms.
Seamless integrations – Integrations with current systems and accounts receivable platforms accelerate credit processing and financing.