Case Study
How building materials dealers and construction companies benefit from flexible payment terms with quickpaid
Construction companies often have to pre-finance large quantities of materials – a bottleneck that can delay projects. Read here how a building materials retailer found a solution with quickpaid to give customers more financial leeway without burdening their own liquidity.
Facts from the industry: Building materials trade
Billions of euros in sales76in the German building materials trade
- Percent of project costs55
arise from the procurement of building materials
- Average payment term42
of companies in the building materials trade
Our customer
A major building materials retailer with more than 1000 customers and a wide range of products. Its customers value its personalised advice and reliable delivery capability. His aim is to increase customer satisfaction and competitiveness. In doing so, he favours strategic partnerships and innovative, simple financing solutions.
The task
The building materials retailer would like to offer its customers, primarily construction companies and trade businesses, longer payment terms in order to improve their liquidity and increase customer satisfaction. To achieve this goal, he wants to offer his customers payment terms of up to 120 days, but without incurring additional risks and costs.
The solution approach
The retailer integrated quickpaid directly into its invoicing process. Using a QR code or link on the invoice, customers can postpone payment by up to 120 days with just a few clicks. The retailer receives the money immediately – quickly, securely and without the risk of default – thus creating a competitive advantage.
The result
Advantages for the building materials dealer:
- Immediate liquidity and secure incoming payments
- Faster turnover thanks to the assumption of payment risks by quickpaid
- Stronger customer loyalty and growth potential
Benefits for customers:
- More liquidity thanks to flexible payment terms
- Planning security for larger construction projects
- Faster access to materials
Conclusion: Why quickpaid?
The collaboration with quickpaid enables building materials retailers to offer their customers more flexibility, increase customer satisfaction and improve their own liquidity and competitiveness at the same time, without any additional expense for them. This innovative model creates win-win situations for everyone involved and promotes sustainable growth.
Do your customers also want
more flexibility when it comes to payment?
Let us examine together how your company can benefit from quickpaid.
Further examples from practice
