INDUSTRY USE CASE
Agriculture industry growth engine
The agriculture industry plays a vital role in feeding the world’s population. It’s valued at over 11.24 trillion euros and projected to grow to 17.25 trillion euros by 2027. As the demand for agricultural products continues to rise, farmers and suppliers face various cash flow management challenges, particularly seasonality, investing in much needed agricultural equipment, and market fluctuations.
Today, you can optimise payments for farmers and agricultural suppliers by offering a deferred payment option. TermsTech’s innovative digital trade solution benefits players in the agriculture industry by giving your clients a higher purchasing power to access the inputs and equipment they need, without any up-front payment. This allows them to invest more in high quality seeds, fertilisers, and machinery. Consequently, productivity and yields will increase.
By choosing to offer TermsTech’s extended, flexible, and fast payment terms you can:
- provide your clients with greater financial stability
- help farmers manage seasonality and market fluctuations effectively
- pass the risk of non-payments or fraud on to us
- enable high buy-in limits for big investments
Here’s how it works for businesses in agriculture
You integrate TermsTech into your online agriculture product or service-related platform. Then you can offer our payment terms solution to the client organisations that need payment flexibility.
Once a business in the agricultural industry needs to purchase some goods or services, TermsTech pays the supplier up front via your platform. The client company then pays us back in line with their chosen payment terms (up to 90 days). In this way the sellers are paid punctually and the buyers effectively manage their cash flow and back office.
Our payment terms solution is tailor-made and caters for all your needs, so you don’t have to worry about credit rating checks, financing, fraud protection, risk management, payments, or even debt collection.
5 reasons to choose TermsTech as your payment terms provider
Enhance customer experience
B2B customers love to pay for goods with credit. Offer TermsTech’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 = grow 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 120 days. 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.
Contact us
Hi, I’m Wouter!
I’d love to discuss how we can help your operation with our working capital solutions. I’m looking forward to meeting you and answering all of your questions about AREA42.
