Accelerate growth with hassle-free trade accounts
Frequent buyers use trade accounts to make several purchases during the month and then pay for everything at once on an agreed date. Why not make it easier for everyone?
You want to drive loyalty and boost purchase frequency. Your buyers just want the simplest way to pay.
Instant, flexible and available even on a buyer’s first purchase. One statement of account, one consolidated invoice and one payment to rule them all!
“I want a credit trade account!”
“My business needs consolidated invoices!”
Creating value at the checkout
Healthier cash flow
Healthier cash flow
How it works
Frequently Asked Questions
A trade account represents an agreement between a buyer and seller. It enables buyers to purchase goods, services or materials on pre-selected payment terms throughout the month. At the end of the billing period, all the invoices are collated and paid for in one lump sum. Buyers can order without thinking about payment, knowing that all their purchases will be settled later. The other advantage is that frequent buyers don’t have to arrange multiple payments throughout the month – they can consolidate all invoices and settle in one go. This facilitates the management of their accounts payables.
Your buyer orders goods or services from you as usual, choosing to pay with their trade account at the checkout. We consolidate all their invoices from the billing period (normally a month) and collect the total sum on a single date (the due date).
Pricing is determined by factors including the payment terms you’d like to offer, the creditworthiness of your customers and your target acceptance rate. Book a call and we’d be happy to tell you more.
Believe it or not, you can be up and running with Hokodo in just a few hours. When we speak, we’ll discuss your integration options in detail.
Our payment terms create a return on investment in two ways. Firstly, the improved user experience and favourable payment schedules drive greater revenue through increased conversions and higher order values. Secondly, we save you money by taking responsibility for the full trade credit management process.
Calculate the ROI of payment terms for your business here.