“We simply cannot imagine our checkout process without Mondu anymore. The solution has become integral to our B2B operations.”
Christian Erhardt, Managing Partner
2x
AOV (average order value)
88%
approval rate
+10%
B2B revenue growth in the first month
About Foto Erhardt
Founded in 1903, Foto Erhardt has established itself as one of Germany’s leading photography retailers, serving over 4,000 customers daily. With a network of 15 retail locations across six German states, seven photo studios, the Foto Erhardt Academy, and a comprehensive multilingual online shop, the company offers an extensive range of photography, video, and digital imaging products and services. Now in its fourth generation of family leadership, Foto Erhardt continues to innovate in both B2C and B2B markets.
The challenge: zooming in on the B2B potential
As Foto Erhardt expanded its B2B operations, the company recognized the need for a scalable payment solution that could match its international ambitions. Already offering flexible payment options to its private customers, Foto Erhard wanted to offer a similar payment experience to its business clientele – ranging from small businesses to large corporations. The company needed a flexible payment system that could be easily implemented across their multilingual e-commerce platform while maintaining security and efficiency.
The solution: A sharp vision for B2B payments
Foto Erhardt partnered with Mondu to implement a comprehensive B2B Buy Now, Pay Later solution. The integration offered:
- Seamless implementation into different business areas via API
- Flexible payment options including invoice and instalment payments
- Real-time credit decisions and taking over collections from buyers
- Upfront payments, removing the risk of payment defaults
The results: A picture-perfect partnership
The partnership with Mondu delivered immediate and significant results. B2B revenue increased by 10% in the very first month of collaboration, and the average basket size more than doubled following the implementation of Mondu’s payment solutions into the online shop. Mondu delivers an impressive 88% order approval rate for Foto Erhard’s business buyers, while also providing meaningful improvement on the operational side. Foto Erhardt is able to save up to four person-days per month previously spent on credit score checks, payment monitoring, and dunning processes.
“Mondu’s reliability and seamless integration into our existing shop system have exceeded our expectations. The API offered us the flexibility to integrate Mondu across different business areas, and their team provided dedicated support throughout the entire implementation process. We couldn’t have asked for a smoother integration.”
