TreviPay, the most-trusted B2B payments and invoicing network, today announced a partnership with TICO Manufacturing, a North American pioneer in fleet services, terminal services and terminal tractor manufacturing, to power its net terms program. The new program, TICO Charge, will enable TICO to offer its dealers and fleets in the U.S. and Canada a credit line with 30-day net terms to support business growth and strengthen buyer loyalty. Through TICO Charge, enhanced business controls will also be available within an online portal, offering payment tracking, consolidated invoicing and spend controls for simplified billing.

Business buyers continue to seek convenient and tailored purchasing experiences when evaluating suppliers, such as dealers or truck service centers. Recent TreviPay research showed 78% of B2B buyers believe it’s imperative for suppliers to offer invoicing and 72% are more loyal to a business that offers their preferred payment methods. Sellers like TICO who anticipate and meet the complex needs of commercial buyers can increase average order value and the likelihood of return purchasers. Partnering with TreviPay also includes dedicated customer support, complete visibility of TICO Charge purchases and access to buyer data to enable intelligent business growth.

“With the demands of an increasingly global market, there is a need for efficiency in business payments for suppliers to maintain a competitive advantage,” said Brandon Spear, CEO of TreviPay. “Incorporating A/R automation tools and offering preferred payment methods will enhance operational performance and ensure positive, loyalty-building experiences in manufacturing.”

Through TICO Charge, approved buyers can immediately begin spending on credit and will be provided with a single, centralized invoice that is easy to understand and pay. This streamlined corporate purchasing program will support TICO’s national sales growth and help dealer and fleet services reduce the administrative burdens of manual invoicing and reconciliation. Later versions of TICO Charge will also include e-invoice integrations for greater enhancements.

“Our partnership with TreviPay will help ensure our customers have positive purchasing experiences,” said David Hough, Sr. Director Product Support at TICO. “As a B2B payments expert, TreviPay’s trusted technology will cement TICO’s place as a reliable and high-quality manufacturer at all stages of the buyer journey. Our dealers can focus on running their business, while TreviPay facilitates fast, secure and easy invoicing options.”