TreviPay and Allianz Trade Announce Strategic Partnership to Enhance B2B Risk Management and Underwriting Solutions

Risk Management
02.10.2024 01:20 pm

TreviPay, the most-trusted B2B payments and invoicing network, today announced a new strategic partnership with Allianz Trade, the global leader in trade credit insurance. This collaboration will provide the option to integrate Allianz Trade’s credit insurance into TreviPay's suite of trade credit and invoicing solutions, providing enhanced risk management enabling funding capabilities to businesses worldwide.

By utilizing the benefits that trade credit insurance provides, the partnership will enable companies to secure transactions and grow with confidence. This addition is particularly beneficial for small to medium-sized businesses (SMBs) that may lack extensive credit histories but possess the potential for significant growth. This collaboration also supports companies as they navigate direct-to-consumer (DTC) models and manage the risk of selling outside traditional distributor networks. Allianz Trade’s ability to underwrite a wide range of buyers complements TreviPay’s automated B2B payments technology solutions, ensuring transactions are covered and risks are managed efficiently.

“A strong alignment in innovative financial solutions and customer commitment makes this partnership with Allianz Trade a natural fit,” said 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 by TreviPay shows that seamless A/R automation and offering trade credit are pivotal for B2B buyer loyalty. The study found that 72% of business buyers are more loyal to businesses that offer their preferred payment methods, with trade credit being a top choice. Despite this preference, many businesses struggle to offer trade credit to their buyers, due to cash flow strain and concern around growing DSO.

The Allianz Trade partnership allows TreviPay to enhance its flexible funding capabilities, with the option to utilize trade credit insurance as needed or requested, tailoring solutions to clients’ specific risk needs. TreviPay clients can further improve their order-to-cash (O2C) process, ensuring trade credit and invoicing are not only automated but also financially secure. Additionally, Allianz Trade now has a referral partner for trade credit insurance clients who also need advanced A/R automation technology for their transactions.

Francois Burtin, Global Head of Group Transformation for Allianz Trade, added, “By combining our expertise in risk management with TreviPay's technological capabilities, we are setting new standards in business payments. This partnership allows us to support more businesses in achieving their strategic goals with enhanced security and efficiency.”