New Payment Tools from TreviPay Improve Fleet Management for Dealers

TreviPay, a global leader in B2B payments and invoicing, has introduced significant enhancements to its dealer management systems, as highlighted in The Fintech Times. These upgrades are designed to make payment processes for commercial equipment dealers more efficient, particularly those serving fleet clients.

Using advanced API integration, the upgraded systems aim to capture real-time transaction data, reducing manual processes and streamlining dealer operations. The improvements are expected to enhance transaction speed and accuracy, helping both fleet drivers and dealers manage payments with fewer delays and disruptions.

Dan Zimmerman, Chief Product and Technology Officer at TreviPay, highlighted the benefits of these changes, saying, «From our long history working with commercial equipment manufacturers, dealerships, and fleets, we recognized reduced friction and increased efficiency are essential in today’s dynamic and fast-paced business landscape.»

TreviPay’s technology allows deep integration into existing dealer systems, reducing administrative costs and manual entry efforts. It also focuses on providing greater payment flexibility—a growing need according to a TreviPay study, which found that 78% of global business buyers see invoicing options as crucial, and 51% would switch merchants for more flexible payment terms.

One major truck manufacturer adopted TreviPay’s tools to scale a $50 million program across its dealer network. Since integrating the system, the company has reported a 42x increase in scalability and a 90% improvement in invoice accuracy across $2 billion in program volume in the US and Canada.

For industry leaders interested in enhancing payment efficiencies, TreviPay is hosting the TreviPay Crossroads event from October 2-4, 2024, in Kansas City. The event will cover best practices and innovations in payment processes.