Best B2B Payment Platforms for Electrical Equipment Manufacturing

For electrical equipment manufacturers, managing high-value transactions, complex supplier networks, and extended net terms is a constant challenge. According to Business Wire, nearly half of all B2B invoices are paid late, creating significant cash flow pressure. The right payment platform is no longer a convenience—it's a strategic necessity to unlock working capital, accelerate cash flow, and drive sales growth. The ideal solution must offer more than simple invoicing; it needs to provide embedded credit, automate accounts receivable, and seamlessly integrate with your existing ERP. Resolve Pay's B2B Net Terms platform is purpose-built for this, offering non-recourse advance payments on approved invoices so you get paid in days, not months, while your customers enjoy the flexible payment terms they demand.

Key Takeaways

• Electrical equipment manufacturers face unique cash flow challenges with high-value transactions and extended net terms that can strain working capital and limit growth.
• Non-recourse financing eliminates credit risk by allowing manufacturers to receive advance payment on approved invoices while the payment platform assumes the risk of customer default.
• Modern B2B payment platforms like Resolve Pay combine AI-driven credit decisions, automated AR workflows, and white-label customer experiences to streamline the entire order-to-cash cycle.
• Research from Harvard Business Review shows that increasing customer retention by just 5% can boost profits by 25% to 95%, making payment flexibility a strategic competitive advantage.
• Deep ERP integrations with platforms like QuickBooks, NetSuite, and SAP eliminate manual data entry and ensure seamless financial data flow across systems.
• Enterprise-grade solutions offer global payment capabilities, multi-currency support, and compliance management for manufacturers operating across international markets.
• Manufacturers with $1M+ in B2B revenue benefit most from platforms offering embedded credit teams, advanced underwriting, and full accounts receivable automation.

1. Resolve Pay – Non-Recourse Net Terms Financing for Manufacturers

Resolve Pay is the leading platform for electrical equipment manufacturers who need to offer competitive net terms without taking on the credit risk or cash flow lag. Its core offering is a non-recourse financing model that advances up to 100% of an approved invoice within 24 hours, effectively making you the bank for your customers while Resolve assumes the majority of the risk.

What Makes Resolve Pay Different

Resolve unifies AI-driven credit underwriting, a self-branded payment portal, and accounting integrations into one B2B nerve center, streamlining the order-to-cash and enhancing customer relationships—modern alternatives to factoring or bank lines. Its expert-built credit engine (ex Amazon/PayPal) delivers decisions in 24 hours, helping manufacturers approve orders quickly and avoid lost sales.

Key Features for Manufacturers

• Non-recourse advance payments: Get paid upfront on invoices from approved customers. What you get is yours to keep, even if your customer defaults—eliminating the risk that traditionally comes with offering extended payment terms.
• AI-powered credit decisions: Receive a data-rich credit decision in as little as 24 hours with just a business name and address, leveraging insights from experts formerly of Amazon and PayPal to assess creditworthiness across multiple data sources.
• AI-powered AR automation: Automate the entire workflow from invoice to payment, including reminders and collections, significantly reducing your finance team's workload and allowing them to focus on strategic activities.
• 100% white-label experience: Your customers interact with your brand, not Resolve's, preserving your client relationship and brand equity throughout the entire payment process.
• Seamless integrations: Native connections to QuickBooks, NetSuite, Shopify, Magento, and WooCommerce for automatic data syncing that eliminates manual entry and ensures real-time financial visibility.
• Scalable infrastructure: Built to handle growing transaction volumes as your business expands, with enterprise-grade reliability and uptime.
• Dedicated support: Access to a team that understands the unique challenges of B2B manufacturing and can provide strategic guidance on optimizing your payment operations.

Why It Made the List

Resolve Pay directly addresses the core cash flow and risk challenges of equipment sales. Its non-recourse model is a modern alternative to factoring, allowing you to offer net 30, 60, or 90 terms confidently. Customers like Archipelago have seen significant growth by using Resolve to offer larger credit lines and unlock their buyers' purchasing power, increasing their average credit line by nearly 20x. For manufacturers with $1M+ in B2B revenue, Resolve acts as your embedded 'credit team on tap', providing the underwriting expertise and financial backing that would otherwise require significant internal resources.

Manufacturing Advantage

Perfect for closing large, high-margin equipment orders where a customer's ability to pay on net terms is the deciding factor in the sale. The platform enables you to compete effectively against larger competitors who may have more resources to extend credit, while protecting your cash flow and eliminating the risk of bad debt. This is particularly valuable for manufacturers selling to contractors, distributors, and industrial buyers who expect flexible payment terms as a standard part of doing business.

Getting Started

Visit resolvepay.com to see if your business qualifies and speak with a specialist about how Resolve can transform your payment operations.

2. Billtrust

Billtrust is a veteran in the B2B payments space, processing over $1 trillion in invoice volume annually. It's a powerful, enterprise-grade platform built for complex operations, with a proven track record in the electrical distribution sector, as demonstrated by its work with Cooper Electric.

Key Features for Manufacturers

• Digital Lockbox: Automatically captures and reconciles all payments, including virtual credit cards, eliminating manual entry and reducing processing time.
• Interchange fee optimization: Captures Level 2/3 card data to significantly reduce processing fees on large transactions, helping manufacturers save substantially on payment processing costs.
• Agentic AI for collections: Automates the collections process with AI-driven outreach, including VoIP calls, to improve DSO and collection rates.
• Robust ERP integrations: Deep two-way sync with over 40 ERPs, including SAP and Oracle, common in large manufacturing firms.
• Proven industry expertise: Demonstrated success with electrical distributors like Cooper Electric, showing real-world results in similar industries.

Why It Made the List

For large electrical equipment manufacturers and distributors, payment processing costs can be a major expense. Billtrust's focus on interchange optimization and automated payment capture directly tackles this, helping clients like Cooper Electric save over $100,000 annually in fees. Its 20+ years of specialization in manufacturing and distribution make it a reliable enterprise solution.

3. BILL (Bill.com)

BILL is a go-to AP/AR automation platform for small to mid-sized businesses, boasting a network of over 8.3 million members and is used by over 498,000 businesses. Its intuitive interface and massive network provide immediate value for SMBs without dedicated finance teams.

Key Features for Manufacturers

• Massive business network: Connect and pay suppliers instantly if they are on the network, streamlining your accounts payable process significantly.
• Combined AP & AR: Manage both your outgoing and incoming payments in a single, easy-to-use dashboard for complete visibility into cash flow.
• Virtual card payments: Pay vendors by card to earn rebates, even if they don't accept cards directly, helping improve cash flow management.
• Strong accounting integrations: Two-way sync with QuickBooks, Xero, and NetSuite ensures your financial data is always current.
• Predictable pricing: Starts at $45 USD per user per month, making it accessible for growing businesses.

4. TreviPay

TreviPay is a full-service B2B payments and trade credit platform built for large enterprises with global ambitions. With a 40-year legacy and a presence in over 30 countries, it offers a highly managed service for complex accounts receivable and credit management.

Key Features for Manufacturers

• Fully managed AR automation: From credit checking and underwriting to invoicing, collections, and cash application, TreviPay handles the entire receivables cycle.
• Global expansion support: Facilitate international sales with local payment methods and compliance in 30+ countries, removing barriers to entering new markets.
• AI-enhanced underwriting: Leverages over 30 databases to make sophisticated credit decisions based on comprehensive data analysis.
• Pay by Invoice: Allows B2B buyers to check out online and pay on their own terms, creating a seamless purchasing experience.
• IDC MarketScape Leader: Recognized as a leader in Embedded Payment Applications for 2024-2025.

Why It Made the List

For multinational electrical equipment manufacturers, managing credit and collections across borders is a major operational burden. TreviPay's managed services approach and global infrastructure can significantly reduce DSO and increase average order volume. It's a comprehensive solution for enterprises seeking a complete outsourcing partner.

5. Tipalti

Tipalti is the leading platform for managing high-volume, global outgoing payments, particularly to a network of suppliers, contractors, or partners. Its core strength lies in its comprehensive tax compliance and multi-currency capabilities.

Key Features for Manufacturers

• Global payments: Pay suppliers in 200+ countries and 120 currencies via 50+ payment methods, ensuring you can work with the best suppliers regardless of location.
• Automated tax compliance: Handles W-8/W-9 collection, 1099 reporting, and international tax forms, removing the compliance burden from your AP team.
• Self-service supplier portal: Reduces the administrative burden on your AP team as suppliers manage their own information and payment preferences.
• IDC MarketScape Leader: Recognized as a leader in AP Automation for the midmarket in 2024.
• Pricing tiers: Starts at $99 USD per month for basic features.

Why It Made the List

Electrical equipment manufacturers often rely on a complex, global supply chain for components. Tipalti excels at simplifying the process of paying these international suppliers, ensuring full tax compliance and providing them with a great experience through its self-service portal. This makes it an invaluable tool for streamlining the accounts payable side of the business.

6. Medius

Medius is a leading enterprise AP automation platform, recognized as a Gartner Magic Quadrant Leader for Accounts Payable Applications in 2025. It's designed for large, complex organizations that need to manage high invoice volumes across multiple entities.

Key Features for Manufacturers

• Medius Copilot AI: An AI agent that automates invoice processing, coding, and approvals, significantly reducing manual work and processing time.
• Prepayment capabilities: Facilitate advance payments to secure critical inventory from key suppliers, helping manage supply chain risk.
• Statement reconciliation automation: Automatically reconciles supplier statements against your own records, eliminating manual reconciliation work.
• Gartner Magic Quadrant Leader: A top-rated solution for complex AP automation needs based on independent analysis.
• Customer validation: Trusted by global brands like Nissan, Puma, and Karl Lagerfeld.

Why It Made the List

For large electrical equipment manufacturers with complex, multi-entity operations, Medius provides the level of automation and control needed to manage a massive AP workload. Its prepayment feature is a key differentiator, allowing manufacturers to strategically manage their supply chain by making advance payments when necessary, all within a highly automated system.

7. Airwallex

Airwallex is a modern financial platform that gives businesses the ability to hold, manage, and pay in multiple currencies through local bank accounts in over 20 countries. It's built for companies operating on a global scale.

Key Features for Manufacturers

• Global Accounts: Hold and manage balances in 20+ currencies with local bank details (e.g., USD, EUR, GBP), allowing you to operate like a local business in multiple markets.
• Interbank FX rates: Save significantly on international transfers compared to traditional banks by accessing wholesale exchange rates.
• Global payments: Send and receive payments from 180+ countries with transparent pricing and fast settlement.
• High-volume savings: Customers like Dalstrong have saved $40,000 USD annually on their collections costs by using the platform.
• Transparent pricing: 2.80% + $0.30 USD for domestic card transactions.

Why It Made the List

Manufacturers sourcing components globally and selling to an international customer base face constant FX risk and high transfer fees. Airwallex's multi-currency accounts and superior FX rates provide a direct way to manage these costs and improve cash flow. Its ability to collect funds from customers like a local business in 70+ countries is a powerful feature for global sales.

8. Coupa

Coupa is a comprehensive, end-to-end spend management platform used by over 55% of the Fortune 500. It unifies procurement, accounts payable, and treasury functions into a single suite, powered by a massive network of spend intelligence.

Key Features for Manufacturers

• AI-powered SpendGuard: Uses network data to detect fraud and enforce compliance in real-time, protecting your organization from financial risk.
• Unified source-to-pay: Manage the entire procurement lifecycle, from requisition to payment, in a single integrated platform.
• Spend intelligence: Benchmark your component and service costs against anonymized data from the network to identify savings opportunities.
• Gartner S2P Leader: Consistently ranked as a leader in Source-to-Pay suites based on customer reviews and market presence.
• Enterprise-grade: Used by global giants like Toyota, UPS, and Nike for comprehensive spend management.

Why It Made the List

For the largest electrical equipment manufacturers, managing total spend is a strategic initiative. Coupa provides a complete, integrated view of all company spending, from raw materials to MRO supplies. The massive network and AI-driven insights help these companies negotiate better deals, enforce compliance, and optimize their entire supply chain.

9. Paystand

Paystand offers a unique value proposition: a subscription-based platform that eliminates per-transaction fees on bank-to-bank payments. It uses blockchain technology to create a secure, verifiable payment network.

Key Features for Manufacturers

• Zero transaction fees: No fees on bank payments within the Paystand network, providing predictable costs and significant savings on high-volume transactions.
• Blockchain-certified payments: Every transaction is cryptographically verified and stored, creating an immutable audit trail for compliance and verification.
• Robust AR automation: Features like automated reconciliation and payment reminders streamline receivables management.
• Strong ERP integrations: Connects deeply with NetSuite, Sage Intacct, and Microsoft Dynamics 365 for seamless data flow.
• Industry recognition: A G2 Leader in Mid-Market Accounts Receivable based on customer reviews.

Why It Made the List

Electrical equipment sales often involve large, six-figure transactions where even a small percentage in payment processing fees can represent significant costs. Paystand's zero-fee model on bank transfers can save manufacturers substantial amounts annually, making it a compelling, cost-optimized alternative to traditional payment processors.

10. Melio

Melio is a straightforward, user-friendly platform designed for SMBs to manage their bills and pay their vendors. Its key selling point is its affordability and flexibility, particularly with card payments.

Key Features for Manufacturers

• Free bank transfers: No platform fees for paying by bank, making it one of the most cost-effective options for small businesses.
• Pay any vendor by card: Use your card to pay vendors who only accept checks or ACH, providing flexibility in cash flow management.
• Simple integrations: Syncs with QuickBooks and Xero for basic accounting integration.
• Affordable for SMBs: A cost-effective entry point for smaller manufacturers looking to modernize payment operations.
• Time savings: Customers report saving an average of 15+ hours per month on bill pay through automation.

Why It Made the List

For small electrical equipment workshops or startups, Melio provides a simple way to modernize bill payments without a significant investment. The ability to use a credit card to pay any supplier offers valuable flexibility and can help manage cash flow during lean periods, all for free if you stick to bank transfers.

Choosing the Right Payment Platform for Your Electrical Equipment Manufacturing Business

Selecting the right B2B payment platform is a strategic decision that impacts not just your finance operations, but your ability to compete, grow, and maintain healthy cash flow. For electrical equipment manufacturers, the stakes are particularly high given the industry's characteristic high-value transactions, complex supply chains, and customer expectations for flexible payment terms.

Resolve Pay stands out as the premier choice for manufacturers seeking to transform payment terms from a cash flow burden into a competitive advantage. By offering non-recourse advance payments, Resolve allows you to confidently extend net 30, 60, or 90 terms to your customers while getting paid within 24 hours—effectively eliminating the traditional trade-off between sales growth and working capital constraints.

For manufacturers processing $1M+ in annual B2B revenue, Resolve effectively acts as your embedded credit department, providing the expertise, technology, and financial backing to offer competitive payment terms without the traditional risks. This capability becomes particularly valuable when competing for large equipment orders where the customer's ability to secure financing can make or break the deal.

The path forward is clear: modern electrical equipment manufacturers need payment infrastructure that supports growth rather than constraining it. Whether you're looking to increase order sizes, improve customer retention, accelerate cash flow, or simply reduce the administrative burden on your finance team, the right platform makes all the difference. Visit resolvepay.com to explore how Resolve Pay can transform your payment operations and unlock your next phase of growth.

Frequently Asked Questions

How can a B2B payment platform benefit an electrical equipment manufacturer specifically?

Electrical equipment manufacturers often sell high-value items on net 30 or net 60 terms, which can severely strain cash flow. A modern B2B payment platform like Resolve Pay solves this by providing advance payment on invoices, so you get your cash immediately. It also automates tedious AR tasks like collections and reconciliation, freeing your team to focus on core business operations like production, sales, and customer service.

What are the benefits of offering net terms to my B2B customers?

Offering net terms is a powerful sales tool that can significantly increase your competitiveness. It increases your customers' buying power, allowing them to place larger orders and purchase more frequently without an immediate cash outlay. This can lead to higher customer loyalty, increased sales volume, and a competitive advantage over sellers who only accept COD or immediate payment. Platforms like Resolve Pay allow you to offer these terms while protecting your cash flow and reducing risk.

How does a modern B2B payment platform help with cash flow management?

Traditional invoicing leaves you waiting 30, 60, or 90 days to get paid, creating a gap between when you incur costs and when you receive revenue. A modern platform can get you paid in 1 day instead of 60 by advancing the invoice value upfront. This non-recourse advance is a game-changer for managing payroll, purchasing inventory, and funding operations without the delay that strains working capital.

Can these platforms integrate with my existing ERP or accounting system?

Yes, integration is a core feature of all leading platforms. Resolve Pay, for example, offers built-in integrations with leading ERP, accounting, and commerce platforms like QuickBooks, Oracle, NetSuite, and Shopify. This ensures that all your financial data flows seamlessly between systems, eliminating manual data entry, reducing errors, and providing real-time visibility into your financial position.

What is non-recourse financing and why is it important?

Non-recourse financing means that once the payment platform advances the funds on an invoice, that money is yours to keep, regardless of whether your customer eventually pays or defaults. This is crucial for manufacturers because it eliminates the credit risk of offering flexible payment terms, giving you the confidence to use net terms as a growth tool without fear of bad debt impacting your cash flow or profitability.