Following this announcement, businesses and customers will have the possibility to offer 30-day net terms on purchases at the click of a button, which will enable optimised cash flow management, as well as financial flexibility.
In addition, both companies will continue to focus on meeting the needs, preferences, and demands of clients and users in an ever-evolving market, while prioritising the process of remaining compliant with the regulatory requirements and laws of the industry as well.
According to the official press release, the collaboration combines Norway-founded Two's secure and efficient platform and advanced decisioning models with ABN AMRO’s extensive financial expertise and capabilities, aiming to deliver an improved solution for both SMEs and large enterprises. Powered by Two’s internationally proven technology, ABN AMRO is set to offer a quick, reliable “Pay Later” solution tailored to meet the demands of the rapidly growing digital B2B commerce sector.
Included in the key benefits of the solution are optimised cash flow management (which will allow businesses to gain the flexibility of deferring payments for up to 30 days, enabling improved budgeting and operational efficiency), uncompromised security and trust (which will integrate ABN AMRO’s financial infrastructure with Two’s secure technology in order to ensure reliable, risk-mitigated transactions), as well as streamlined, scalable procedures (designed in order to minimise administrative work, the solution can adapt to businesses of all sizes, from SMEs to large corporations).
Initially, the solution is expected to be available to ABN AMRO business clients in the region of the Netherlands, with plans for a broader roll-out in the future.
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