Trevipay

TreviPay provides a business-to-business payments, order-to-cash and accounts receivable automation platform aimed at enterprise sellers. Its core offering, Pay by Invoice, allows sellers to extend net terms to their business buyers while TreviPay manages the surrounding processes: credit underwriting and decisioning, invoicing, collections and payment guarantees. The company positions its offering as a combination of software and managed services rather than software alone, and describes AI-powered automation across the order-to-cash cycle, including buyer onboarding and re-engagement of dormant buyers.

The platform is organized around several solution areas: B2B payments across sales channels and ERP systems; A/R automation covering credit, invoicing and collections; credit and risk underwriting that draws on more than 30 databases for risk and compliance checks; smart invoicing with personalization and global compliance handling; guaranteed days sales outstanding, under which TreviPay manages collections; and global expansion support through localized invoicing, compliance and payments in a network of more than 30 countries. For banks and financial institutions, TreviPay offers an embedded financing platform called the Financial Partner Gateway, which allows them to automate accounts receivable for their commercial customers.

TreviPay markets vertical-specific propositions for banking, retail, manufacturing, hotels (direct billing for corporate customers) and airlines (extending credit, guaranteeing payment and replacing manual billing). It cites named retail clients including Best Buy, Currys and Walmart, and states client benefits of up to a 20% reduction in days sales outstanding, a 20% increase in average order volume and a 20% reduction in invoice errors.

Business model

TreviPay acts as an intermediary that assumes and manages trade credit on behalf of enterprise sellers: it underwrites the seller's business buyers, issues invoices, guarantees payment and handles collections, delivered as a fully managed platform combining technology with services. It also distributes its capabilities through financial institutions and card networks, plugging banks into its embedded financing Financial Partner Gateway and working with card networks so buyers can use existing credentials for supplier payments.

Traction

The company reports processing more than $1 billion in annual volume, generating more than 1 million invoices annually and having more than 100,000 buyers on its network across 30-plus countries and currencies.

Latest developments

TreviPay announced a partnership with Visa to extend its Pay by Invoice capabilities to issuers across the Visa network, enabling Visa issuers and their business buyers to use Visa credentials for supplier payments. The company also published research comparing current B2B buyer expectations with 2023 data on AI, flexible invoice terms and omnichannel payments, released a B2B Buyer Programs Benchmark Report with Flagship Advisory Partners, and is hosting its Crossroads conference on November 8-10 with keynote speaker Heidi Gardner.