SpringPay is Live

[Reston Virginia, 02-14-2024] — Spring Global is pleased to announce SpringPay, our new electronic payment solution designed for B2B transactions in the consumer-packaged goods (CPG) industry, is live.

With SpringPay, CPG Direct Store Delivery (DSD) field sales representatives can effortlessly accept electronic payments at the time of delivery, including credit, debit, and ACH/eCheck options. This seamless integration enables efficient management of accounts receivable and collections for CPG companies.

By eliminating the need for paper checks and cash transactions, SpringPay mitigates the risks associated with these traditional payment methods, such as forgery, theft, loss, and human error in reconciliation. Moreover, this innovative platform empowers field sales teams to expedite the sales experience by authorizing and processing payments on the spot, enhancing overall customer satisfaction.

One of the key advantages of SpringPay is its ability to streamline operations for CPG companies. Manual processing of checks and money orders become a thing of the past, reducing both resources and costs. What's more, SpringPay seamlessly integrates with existing DSD workflows, requiring minimal setup and minor disruption to daily operations.

With SpringPay's secure electronic wallet feature, users can make one-off payments, store buyer payment details for future transactions, and even set up recurring payments. This added flexibility enhances convenience and efficiency for both buyers and sellers.

"SpringPay enables CPG companies to create back-office efficiencies while providing the best possible experience for buyers.  The days of CPG companies receiving paper checks and cash for goods continues to be on the decline and SpringPay enables near real-time payment upon delivery and integrates with back-office systems,” said Conor Keane, CEO at Spring Global.

To learn more about SpringPay, please visit our website at https://www.springglobal.com/solutions-payments.

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About Spring Global: Spring Global is a leading innovator in retail execution solutions for the consumer goods industry. With a focus on delivering cutting-edge technologies, Spring Global empowers businesses to thrive in the ever-changing retail-market landscape.