TreviPay, the B2B payments and invoicing network, has launched advanced purchase controls to address pain points in the B2B purchasing process for its clients.
By automating controls that reduce payment delays, minimising manual reconciliation work and enhancing overall compliance, TreviPay is enabling its business clients to configure and enforce customised B2B purchase policy structures that align with their procurement requirements.
According to a recent study with Murphy Research, invoice customisation is a critical part of offering a seamless purchasing experience, with 78 per cent of B2B buyers needing to customise or control certain aspects of their purchasing experience.
“Creating frictionless B2B commerce experiences is critical for driving long-term buyer loyalty for our clients,” explained Dan Zimmerman, chief product and technology officer at TreviPay. “TreviPay’s advanced purchase controls provide businesses with the flexibility to customise guardrails ahead of the ordering process so they can optimize access to spending and help maintain accurate records.”
The advanced purchase controls solution includes a range of configurable options to ensure B2B buyers can pay invoices according to their preferences.
- Purchase order (PO) number requirement: Ensures that no charge can be processed without a valid PO number
- Amount-based PO: Enforces PO requirements for transactions that exceed a buyer-defined threshold
- Unique PO number validation: Prevents duplicate PO numbers to maintain accurate records and avoid reconciliation issues
- Custom PO number format: Ensures all PO numbers follow the specific format required by the buyer’s systems
TreviPay says these controls work across all purchasing channels, maintaining a unified purchasing experience across all channels – online, in-store or through the sales team. By automatically flagging and preventing non-compliant transactions at the point of purchase, businesses avoid the costly back-and-forth communication typically required to resolve purchase order discrepancies.
Zimmerman also added: “By addressing common challenges or slowdowns in the ordering processes, we’re helping our clients minimise the strain on A/R teams and grow their business, without compromising the quality of the buying experience.”
