Volvo Financial Services
Volvo Financial Services (VFS) is the captive financing arm of the Volvo Group, providing financing and insurance solutions to the Group’s retail customers and dealers. With the ambition to be an innovation leader, VFS develops solutions that deliver an exceptional customer experience. Read on to find out how Volvo Financial Services leveraged Payers platform as part of a solution that helped to digitalize B2B payments for service and repairs.
Long-haul trucks from Volvo often travel far from their domestic territories. VFS identified some challenges when workshops are charging long-hauling companies for repairs in foreign countries, when the driver is the sole representative on-site.
Payer’s B2B payment platform was the ideal solution to help VFS to achieve this. VFS’ integration partner Sigma utilized Payer’s platform to design a solution to establish complete transparency between the service station and the haulage company.
The solution opened up for transparency between the service station and the hauling company and enabled fast payments to get the truck back on the road. It also simplifies the reconciliation of payments in Volvo’s ERP system.
“Together with Payer, with its B2B focus, we have been able to
deliver an internationally scalable solution in record time.”
– Hampus Hansson, Director Innovation & Strategy Volvo Financial Services
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