The collaboration aims to integrate Allianz Trade’s credit insurance offerings into TreviPay’s suite of trade credit and invoicing solutions, significantly enhancing risk management and funding capabilities for businesses worldwide.
The partnership will enable companies to secure transactions and foster growth with confidence, leveraging the benefits of trade credit insurance. The initiative is particularly advantageous for small to medium-sized businesses (SMBs) that may not have extensive credit histories yet show potential for significant expansion. Furthermore, the collaboration supports companies as they navigate direct-to-consumer (DTC) models while managing the risks associated with selling outside traditional distributor networks. Allianz Trade’s proficiency in underwriting a diverse range of buyers complements TreviPay’s automated B2B payments technology, ensuring that transactions are adequately covered and risks are effectively managed.
“A strong alignment in innovative financial solutions and customer commitment makes this partnership with Allianz Trade a natural fit,” stated Brandon Spear, CEO of TreviPay. “The option to integrate trade credit insurance into our offerings ensures that our clients can transact with greater confidence and flexibility, driving business growth and customer loyalty.”
Recent research conducted by TreviPay highlights the importance of seamless accounts receivable (A/R) automation and the provision of trade credit in fostering B2B buyer loyalty. The study revealed that 72% of business buyers exhibit increased loyalty toward companies that offer their preferred payment methods, with trade credit being a top choice. However, many businesses face challenges in providing trade credit due to cash flow constraints and concerns regarding increased Days Sales Outstanding (DSO).
The partnership with Allianz Trade empowers TreviPay to bolster its flexible funding capabilities, allowing clients to utilize trade credit insurance as needed, thereby customising solutions to meet specific risk requirements. TreviPay clients can further enhance their order-to-cash (O2C) processes, ensuring that trade credit and invoicing are not only automated but also financially secure. Additionally, Allianz Trade now benefits from a referral partner for clients requiring both trade credit insurance and advanced A/R automation technology.
Francois Burtin, Global Head of Group Transformation for Allianz Trade, commented, “By combining our expertise in risk management with TreviPay’s technological capabilities, we are setting new standards in business payments.”
He added “The partnership enables us to support more businesses in achieving their strategic goals with enhanced security and efficiency.”
