Volvo Financial Expert services chooses Payer to optimize payments and enhance the shopper practical experience

STOCKHOLM, Jan. 25, 2021 /PRNewswire/ — Intercontinental transport firms encounter payment problems in an significantly globalized globe. Both of those workshops and haulers have a prevalent curiosity in sleek and secure payment flows to immediately make certain service and fix. As an critical associate in just one of Volvo Economical […]

STOCKHOLM, Jan. 25, 2021 /PRNewswire/ — Intercontinental transport firms encounter payment problems in an significantly globalized globe. Both of those workshops and haulers have a prevalent curiosity in sleek and secure payment flows to immediately make certain service and fix.

As an critical associate in just one of Volvo Economical Services’ new payment methods, Payer was commissioned to combine its system and protected the payment chain in between the workshop, dealers and clients. The answer is now stay in Norway and Spain.

Infusing belief in cross-border trade by way of secure payments

The answer (that Payer contributes to) suggests that a Volvo workshop can get a payment assurance from the hauler immediately with no delays and the workshop can repair the truck and clear up the consumer dilemma instantly.

Just about every minute a truck is parked is a price for the full supply chain, a problem that Volvo Fiscal Providers (VFS) preferred to acquire on. The resolution that VFS developed alongside one another with their integration partners and Payer infuses transparency involving the service heart and the very long-haul business. The answer notifies a supervisor of the hauling company of the support get so that he then can approve and settle the payment to get the truck back on the road immediately. The payment is made in genuine-time and also simplifies the back again-conclude reconciliation of payments in the ERP procedure which is centered on SAP.

“At Payer, we are thrilled to do the job with one particular of the world’s most revolutionary automotive businesses. Ultimately, we’re two engineering companies rooted in engineering. Their engines present protected methods to vacation and our engines supply protected payments for B2B. I am amazed by the innovation degree at Volvo Fiscal Solutions and their monetary providers technology vision. I consider it truly is a fantastic in good shape,” claims Peder Berge, CEO and founder of Payer.

Hampus Hansson, Director Innovation & Tactic at Volvo Money Providers, says: “As a worldwide leader within professional transportation we have to obtain alternatives that suit our global demanding shopper base. Powerful payment alternatives is a strategic space for us that supports our business enterprise and assists our customers. Alongside one another with Payer, with its B2B concentrate, we have been capable to deliver an internationally scalable solution in report time.”

Teamwork

Payers API was built-in by SIGMA, the worldwide IT consulting organization, into the self-created payment resolution that executes the shopper experience. Martin Kvarnered from Biner, electronic administration consultants centered in Gothenburg, led the job.

“This distinct undertaking is a shining case in point of an agile improvement journey where we took a wide strategy at initially but promptly zoomed in on a person particular trouble. We then established a nicely-defined solution collectively with Payer and Sigma. Payer is smooth to function with and the technology is leading notch. The workforce from Payer has been responsive to our   need and is speedy to produce,” claims Martin Kvarnered.

The alternative was rolled out in Norway earlier this year and VFS has now included Spain as a second sector.”We glance ahead to working additional with Volvo Monetary Solutions to build potential payment answers for the significant-obligation truck division, anyplace hardware and program intersect,” suggests Peder Berge.

For supplemental facts, make sure you get in touch with
Stefan Backlund, CMO at Payer,
[email protected] , +46-70-8628489

This information was brought to you by Cision http://information.cision.com

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Resource Payer Money Providers AB

Rachel C. Carpenter

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