The original enterprise product, with a record of accelerating sales growth for companies by as much as 500 percent, has been optimized to meet the needs of businesses with simpler payment and credit processes. The cloud-based Credit as a Service solution for mid-market businesses can issue credit lines in less than a minute, automate the customer onboarding process and apply unique B2B customer invoicing, accounts payable and payment term requirements – providing customers flexibility and an enhanced experience.
“Credit as a Service is designed to streamline back-office processes for businesses with the ultimate result being that these sellers are able to grow faster,” said Brandon Spear, president of MSTS. “At the SMB level, this promise can be even more challenging, which is why we’re excited to offer these companies an enterprise-grade solution that can scale with them as they grow.”
MSTS works with B2B companies across transportation, manufacturing, retail and eCommerce. A FinTech pioneer since 1978, MSTS makes B2B commerce effortless by reducing working capital through dedicated lines of credit and underwriting services, providing alternative payment options, and more closely aligning buyers’ accounts payable and sellers’ accounts receivable departments.
MSTS’ Credit as a Service has a suite of tools to accelerate commerce, including InvoiceMe, which integrates into eCommerce platforms at checkout and provides a payment alternative to credit cards – thereby reducing transaction fees by 30 percent.
“Today’s B2B customer expects the same seamless experience found in B2C. This means eliminating the payments friction that’s historically existed in B2B,” said Spear. “Our InvoiceMe integration allows for a quick, frictionless transaction that mirrors B2C.”
The solution is configurable, too, as more advanced features can be added as needed by growing companies, such as POS integration, a variety of buyer payment options and customer AP integrations that improve retention with buyers. These are just some of the choices Credit as a Service customers will have to further enhance their system with MSTS’ enterprise capabilities.