Simplifying your procurement processes with our payment terms solution for the construction industry
The construction industry plays a crucial role in infrastructure development and economic growth. Its global market value in 2022 was 7.53 trillion euros, and it’s expected to reach 9.46 trillion euros by 2025, and then almost double by 2030 to 13.23 trillion euros! However, construction businesses often face challenges related to lengthy payment cycles. Namely, they need to balance expenses while awaiting client payments, often for several months plus the risk of late or non-payments.
Terms.Tech offers an innovative payment terms solution for companies within the construction industry that focus on trade supplies.
By leveraging our digital trade credit, businesses can secure upfront access to materials and equipment while paying for it with flexible payment options. Our payment solution caters for all company sizes, from small to large and empowers them to:
- maintain positive cash flow
- invest in new projects
- deliver high-quality work
- foster long-term relationships leading to increased customer lifetime value
Benefit from Terms.tech solution by:
- selling more and growing your business
- improving your cash flow
- enhancing your customer satisfaction
- passing the risk over to us – Terms.Tech assumes credit risk on your behalf
5 reasons to choose Terms.Tech as your payment terms provider
Enhance customer experience
B2B customers love to pay for goods with credit. Offer Terms.Tech’s payment terms at your checkout and watch your conversion rates increase while you attract new customers. Flexible. Fast. Easy to use.
Larger transaction sizes = build revenue
Without providing payment terms, only a few B2B customers would be brave enough to make large transactions. Our credit limit strategy of up to EUR 200k makes the buying decision easier.
Fast and consistent cash flow
Your cash flow and working capital are key to a successful business. We pay you up front and the buyer pays us back via payment terms up to 90 days or in instalments. It’s a win-win for you and your customers.
Fine-tuned credit check
Give your business the reputation it deserves. With our in-house-developed eligibility assessment tool, you can rest assured that we extend payment terms only to those with a good credit rating. Not only is our process lightning fast, it takes the pressure off of you to run your own checks.
Risk-free terms
Any non-payments? That’s not your problem anymore! Our Buy Now, Pay Later solution is completely risk-free for you. Any payment defaults due to fraud or non-payment are on us. This way you can reduce your risk while focusing on what you do best. Terms.Tech helps you to build your business wisely and safely.
Ready to grow your business with us?
Sell more and increase your revenues with our fully customised Buy Now, Pay Later solution