Flexible trade accounts and instant payment terms for the automotive industry

77% of automotive B2B buyers say that payment terms are critical for the survival of their business. Whether you sell online, in-store or over the phone, offer seamless trade credit with Hokodo.

DOWNLOAD BROCHURE

Animated GIF demonstrating checkout process for payment terms. Shows order review, selecting payment options, confirming order, processing checkout, and thank you message.

Hokodo works with some of Europe’s biggest suppliers in the automotive industry

87% of B2B buyers want to open a trade account with their main supplier of autoparts

Drive purchase frequency and put a brake on cart abandonment when you offer the flexible payment terms that buyers expect.

Download the brochure today:

Brochure cover mockup featuring the title 'Flexible trade accounts and instant payment terms for the automotive industry’.

How we help autoparts suppliers

21st century credit management

A trade credit solution aligned with your digital-first approach to support a seamless experience across the full credit journey.

Relieve working capital pressures

Free up the working capital used to lend money to buyers and receive faster payouts while benefiting from full non-payment protection.

Operational efficiency

Save the time and operational costs of credit checks, insurance and collections processes.

Accelerate and enhance the sales cycle

Businesses purchasing on credit terms spend an average of 30% more and make 24% more purchases per month.

Attract new buyers

Enable buyers on your platform to defer payment from their very first purchase, and watch as your customer base grows.

Tailored for large order values

Implement a solution that is optimised for the large average order values and frequent purchases associated with your industry.

Stay competitive

Buyers will remain loyal to the sellers offering the best service and the most desirable payment terms.

Upfront payments, guaranteed

Grow your business with confidence knowing that upfront payments are guaranteed.

Interface of Hokodo’s ROI Calculator showing an example ROI of digital trade credit.

Discover the ROI of a Digital Trade Credit Solution

Hokodo delivers measurable results to some of the world's most innovative B2B companies, helping them to increase revenue and save costs. Use our ROI calculator to work out how much you stand to gain by adopting a Digital Trade Credit solution.

calculate roi

How it works

step 1

A buyer registers for a trade account. Hokodo runs credit and fraud checks in less than a second to instantly return tailored credit limits and payment plans.

Online checkout interface with a 'Find your company' dropdown menu displaying a list of businesses for the customer to choose from.

step 2

The buyer makes purchases as normal, via any of your sales channels, throughout an agreed billing period, which is usually a month.

B2B e-commerce checkout page showing basket with items ready for checkout.

step 3

When the buyer is ready to complete their purchase, their trade account is the default payment method.

B2B e-commerce checkout page showing a range of payment terms options including ‘Pay in 30 days’, ‘Pay in instalments’ and ‘Payment on account’.

step 4

You get paid upfront and in full while we take responsibility for all credit and fraud risks.

Table showing a B2B merchant the settlement status of their recent orders.

step 5

We prepare a statement of account consolidating all the purchases made during the billing period, across all sales channels and locations. Payment for all orders is due in one lump sum on an agreed date, usually 30 days after the billing period has closed.

Table displaying orders to be settled by a B2B buyer.

"We had previously tried to offer payment terms on our own, but since the process was so manual, lengthy and complex, instant credit decisions at the point of purchase were out of the question. Being able to give buyers the immediate decision and seamless experience they expect is a game changer for Achatmat.”

Frédéric Guillotin

CEO of Achatmat

"Hokodo is a massive part of our proposition in being able to ensure suppliers receive payments on time and build trust on the platform. YardLink is on a big growth trajectory and we see Hokodo as not just ready for us right now, but that it will continue to work for us as we move forward.”

Hollie Russell

Marketing Director at Yardlink

Handmade pottery bowls of various colours

"A great User Experience and great payment terms and flexibility are the two main benefits our customers are looking for, and thanks to Hokodo we are able to offer them that…They have helped us to grow a base of extremely loyal customers all across Europe thanks to payment terms."

Pierre-Luc Joffre

CFO at Ankorstore

Ready to learn more?

90% of buyers will abandon a purchase if they’re not offered payment terms on automotive purchases. Book a call to learn how Hokodo can help keep your customers converting.