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Automotive suppliers face a delicate balance when offering flexible payment options. High-value components and parts make non-payment a significant risk, especially when extending terms to new customers without an established credit history. Conducting credit checks while managing frequent purchases creates a costly administrative workload, making payments a constant challenge.
Mondu’s Buy Now Pay Later solution enables automotive suppliers to offer flexible payment terms to existing and new customers with automated credit checks and full support in collections, all while safeguarding cash flow and eliminating risk.
Drive purchase frequency and buyer spend by letting customers consolidate their recurring purchases into one statement and pay it later.
Offer customers their favorite payment method with up to 90 days net terms.
