Oil & gas equipment suppliers operate in a high-stakes environment where transactions routinely reach six or seven figures, payment cycles stretch for months, and cash flow management can make or break a business. According to the U.S. Small Business Administration, cash flow problems are among the top reasons businesses fail, making payment platform selection critical. The right B2B payment platform doesn't just process transactions—it becomes a strategic partner that enhances buyer relationships, accelerates cash flow, and mitigates financial risk. For suppliers looking to offer flexible payment terms without sacrificing their own liquidity, solutions like Resolve's B2B Net Terms platform provide advance payments on approved invoices while extending credit to buyers. Our analysis of 17 platforms identified the 10 best options specifically suited to the complex needs of oil & gas equipment suppliers, ranked based on industry-specific features, net terms capabilities, ERP integration, and support for high-value transactions.
Resolve stands out as the only platform that combines non-recourse invoice advance payments with comprehensive net terms management specifically designed for B2B suppliers. Resolve advances up to 90% on approved invoices within 24 hours while allowing suppliers to offer their customers Net 30, 60, or 90 payment terms, addressing the core cash flow dilemma facing equipment suppliers in the oil & gas industry.
Resolve's platform solves how to offer competitive net terms that win large contracts while maintaining operational liquidity. The platform handles the entire credit lifecycle—from underwriting to collections—freeing suppliers to focus on sales and operations. Unlike traditional factoring, Resolve's non-recourse structure means suppliers bear no risk for late payments or defaults—Resolve assumes the credit risk entirely.
This approach transforms net terms from a cash flow burden into a competitive advantage. Research from Harvard Business Review shows that businesses offering flexible payment terms can increase sales by 20-30%, but traditional approaches tie up working capital. Resolve eliminates this trade-off.
Equipment suppliers want to offer net terms as a competitive advantage while eliminating cash flow delays and credit risk. Ideal for businesses seeking to grow sales without straining working capital.
Competitive pricing with no pricing information disclosed publicly. Contact Resolve for custom quotes based on transaction volume and needs.
Resolve's customers report a 40% increase in average order value and significant sales growth by enabling buyers to access the credit they need for major equipment purchases. The platform's comprehensive approach to accounts receivable management means suppliers can scale their net terms offerings without proportionally increasing administrative overhead.
For oil & gas equipment suppliers managing complex transactions with multiple stakeholders, Resolve's platform provides visibility into the entire payment lifecycle. Suppliers can track invoice status, payment schedules, and customer credit utilization in real-time, enabling proactive cash flow management and strategic planning.
Learn more about Resolve's net terms solutions and discover how the platform can transform your payment operations. Resolve's implementation team provides white-glove onboarding to ensure seamless integration with your existing systems.
Joltly delivers AI-enhanced accounts payable automation specifically designed for small to midsize oil & gas companies. The platform brings modern fintech innovation to an industry that has historically relied on manual processes, with features that address field ticket management, joint interest billing, and regulatory compliance. Joltly is built exclusively for oil & gas operations, with features that address industry-specific invoice structures and workflow complexities. Their platform provides an accessible alternative to enterprise solutions, with modern user interfaces and quick implementation timelines that allow smaller operators to benefit from automation.
Small to midsize oil & gas companies seeking modern, affordable AP automation with industry-specific features.
Paystand leverages blockchain technology to create a zero-fee B2B payment network that can significantly reduce transaction costs for equipment suppliers processing high volumes of large transactions. Paystand's blockchain-based infrastructure enables zero-fee payment processing for certain transaction types, potentially reducing costs by up to 50%. This cost reduction is particularly valuable for equipment suppliers with high transaction volumes and values, where traditional payment processing fees can significantly impact margins.
Equipment suppliers with high transaction volumes seeking to reduce payment processing costs while maintaining robust integration capabilities
Two specializes in B2B buy-now-pay-later solutions specifically designed for heavy machinery and industrial equipment suppliers, with AI engines that deliver instant credit decisions and significantly higher credit limits than traditional bureaus. Two's AI credit engine (Delphi) delivers credit decisions in just 2 seconds with acceptance rates of 90%, while providing credit limits up to 7x higher than industry-leading bureaus. This capability is particularly valuable for equipment suppliers whose customers need substantial credit lines for major purchases.
Heavy machinery and industrial equipment suppliers need to offer instant credit approval with high limits to close large deals.
OpenInvoice by Enverus represents the established enterprise standard for oil & gas accounts payable automation, with over 15 years of industry experience and comprehensive source-to-pay capabilities. OpenInvoice is built exclusively for the North American oil & gas sector, with integrated solutions spanning from procurement to payment. The platform has become the standard for exploration and production (E&P) companies, offering deep industry-specific functionality that addresses the unique compliance and reporting requirements of the energy sector.
Enterprise-level oil & gas equipment suppliers and E&P companies requiring comprehensive, industry-specific source-to-pay automation.
Billtrust specializes in invoice-to-cash automation for equipment businesses, with a Business Payments Network (BPN) that connects to any accounts payable portal and handles complex payment scenarios common in the equipment industry. Billtrust serves 175+ equipment companies including heavy equipment dealers, construction equipment suppliers, and material handling businesses. Their platform is specifically designed to handle the complex payment scenarios common in equipment sales, where large enterprise customers often require payments through various AP portals.
Equipment suppliers and dealers dealing with complex payment scenarios and multiple AP portals from large enterprise customers.
Bill.com offers AP/AR automation at massive scale, processing over $345 billion in total payment volume annually. Bill.com excels at handling high volumes of transactions, making it suitable for equipment suppliers with diverse customer bases and varying transaction sizes. Their Supplier Payments Plus solution is specifically designed for high-volume SMB payments, with automated cash applications that can process thousands of small payments efficiently.
Equipment suppliers with high transaction volumes and diverse customer bases requiring efficient payment processing at scale.
Stripe provides highly flexible payment infrastructure that supports a wide range of transaction sizes, with support for 135+ currencies and extensive customization options. Stripe's developer-friendly platform allows equipment suppliers to build custom payment workflows tailored to their specific operational needs. The extensive API and customization options make it ideal for companies with unique requirements or international operations that require multi-currency support.
Equipment suppliers require custom payment workflows, international transaction capabilities, or extensive integration flexibility.
American Express B2B Payment Solutions provides enterprise-grade payment infrastructure with dedicated account management and enhanced security features for high-value transactions. Amex brings the trust and security of a major financial institution to B2B payments, with features specifically designed for corporate and enterprise customers. Their Amex Business Link platform supports both card and non-card payments with enhanced security measures appropriate for high-value equipment transactions.
Large equipment suppliers with enterprise customers requiring high-security payment processing and dedicated support.
Boost B2B specializes in virtual card payment acceptance and optimization, with patented technology that converts virtual card payments into supplier-friendly formats without requiring IT infrastructure changes. Boost's patented Boost Intercept technology makes virtual card payments easier for suppliers to accept, converting them into formats like ACH or check without manual intervention. This is particularly valuable for equipment suppliers receiving virtual card payments from large enterprise customers who mandate this payment method.
Equipment suppliers receiving virtual card payments from large enterprise customers who want to simplify acceptance and processing.
When selecting a B2B payment platform for your oil & gas equipment business, the decision ultimately comes down to whether you want to offer net terms as a competitive advantage without the traditional cash flow burden and credit risk. While platforms like Joltly and OpenInvoice offer valuable industry-specific AP automation, and solutions like Bill.com and Stripe provide flexible payment processing, only Resolve combines non-recourse advance payments with comprehensive net terms management designed specifically for B2B suppliers.
Resolve's unique approach addresses the fundamental challenge facing equipment suppliers: how to win large contracts by offering competitive payment terms while maintaining the working capital needed for operations and growth. According to McKinsey research, companies that optimize working capital management can unlock 20-25% of their tied-up cash, creating significant competitive advantages.
With Resolve's seamless integration with QuickBooks, NetSuite, and major ecommerce platforms, equipment suppliers can implement advanced net terms capabilities without disrupting existing workflows. The platform's AI-powered credit underwriting, automated AR management, and non-recourse structure transform net terms from a financial burden into a growth driver, enabling suppliers to say "yes" to more deals while actually improving cash flow.
For oil & gas equipment suppliers ready to offer competitive payment terms without sacrificing liquidity or taking on credit risk, Resolve provides the most comprehensive solution designed specifically for B2B operations. The platform's proven track record of increasing average order values by 40% while accelerating cash flow makes it the clear choice for suppliers focused on sustainable growth.
Oil & gas equipment suppliers face unique challenges including high-value transactions, extended payment cycles, and complex supply chains. B2B payment platforms can accelerate cash flow through advance payments, reduce administrative overhead through automation, mitigate credit risk through professional underwriting, and enhance customer relationships by offering flexible payment terms. Platforms like Resolve's Accounts Receivable with AI-Powered Automation specifically address these industry challenges by handling the entire credit and collections lifecycle while providing immediate access to working capital.
Net payment terms (Net 30, 60, or 90) allow buyers to pay for equipment purchases 30, 60, or 90 days after receiving the invoice. While this enhances buyer purchasing power and can increase sales, it traditionally delays supplier cash flow. Modern platforms like Resolve solve this dilemma by advancing up to 90% of invoice value within 24 hours while still allowing suppliers to offer net terms to their customers, effectively getting paid immediately while customers maintain their extended payment terms. This approach transforms net terms from a cash flow burden into a competitive sales advantage.
AI-powered platforms like Resolve automate the entire accounts receivable lifecycle for large B2B transactions. AI agents manage workflows, automate payment reminders, and reduce friction in collections. The technology also enables automated reconciliation for any invoice structure—net terms, COD, or due upon receipt—ensuring accuracy and efficiency across the receivables lifecycle while reducing Days Sales Outstanding (DSO). By evaluating thousands of data points, AI can make instant credit decisions that would traditionally require extensive manual review, accelerating the sales cycle while maintaining credit quality.
Oil & gas equipment suppliers should prioritize platforms that integrate with their existing ERP, accounting, and ecommerce systems. Key integration capabilities include QuickBooks, NetSuite, Oracle, Sage Intacct, Shopify, BigCommerce, Magento, and WooCommerce. Resolve offers built-in integrations with all these leading platforms, ensuring seamless data flow and eliminating manual data entry between systems. Effective integrations reduce errors, save administrative time, and provide real-time visibility into receivables across your entire operation.
Yes, platforms like Resolve specifically address payment risk through comprehensive credit assessment and non-recourse financing. Resolve takes on the credit assessment, credit decision, and majority risk of late payments or defaults. Their Business Credit Check service delivers instant, data-rich credit decisions using AI, behavioral signals, and human expertise, allowing suppliers to extend credit confidently while protecting their cash flow. With non-recourse advance payments, suppliers receive their funds upfront regardless of when the customer ultimately pays, eliminating the traditional cash flow uncertainty of extended payment terms.
This post is to be used for informational purposes only and does not constitute formal legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post. Resolve assumes no liability for actions taken in reliance upon the information contained herein.