Flexible Payment Options Attract New Partners to Pitney Bowes Complete Shipping APIs
July 31 2017 - 9:00AM
Business Wire
Pitney Bowes Leverages Lending Power,
Proprietary Financial Services to Expand Market Opportunities and
Free Cash Flow for Global Ecommerce Businesses
Pitney Bowes (NYSE:PBI), a global technology company that
provides innovative products and solutions to power commerce, today
announced a host of new financial solutions for ecommerce companies
who use its suite of Complete Shipping APIs. From prepay postage
accounts that earn interest, to revolving lines of credit, Pitney
Bowes offers tailored flexible financial solutions to help clients
manage cash flow and simplify postage payments across multiple
accounts and multiple carriers.
“We recognize that shipping is an important part of our clients’
operations, but it’s not the only part,” said Chris Johnson, VP
Global Financial Solutions, Pitney Bowes. “Our clients need to
manage their working capital needs, have the resources to invest in
innovation, and ultimately run a profitable and healthy business.
That’s why, in addition to the benefits of a Complete Shipping
Solution, Pitney Bowes offers flexible payment options and
financial tools that can help our clients manage cash flow and save
money over time. This is a unique offering in the ecommerce space
and it makes our Complete Shipping APIs more valuable to a larger
number of SMBs and enterprises.”
One business leveraging flexible payment solutions from Pitney
Bowes is Quirk Auto Parts. A division of Quirk Cars, Quirk Auto
Parts offers one of the largest selections of original equipment
manufacturer (OEM) and aftermarket vehicle parts and accessories in
the U.S. through its extensive online store, QuirkParts.com. Quirk
leverages Pitney Bowes Complete Shipping APIs to create accurate
USPS® shipping labels, benefit from USPS® commercial discounts,
track packages, and help manage shipments and inventory for its
online store.
Quirk also leverages a Pitney Bowes Prepay Shipping Solution –
an interest-bearing reserve account that allows Quirk to set
parameters for postage payments and deposits based on cash flow
needs. Quirk funds its account through an Automated Clearing House
(ACH), but Pitney Bowes also accepts Federal and SWIFT wire
transfers. The Prepay Shipping Solution also provides Quirk with
online accounting and budgeting tools to help optimize postage
payments, and the interest earned on the account can be further
applied to shipping costs.
“We have always celebrated an entrepreneurial spirit at Quirk
Auto Parts. We’re always looking for creative ways to grow our
business by adding new value for our customers, and you can’t do
that without controlling cash flow. Pitney Bowes understood that
fact and worked with us to create a tailored payment solution that
allows us to manage fluctuating volumes in our auto parts shipments
without having to unnecessarily tie up cash,” said Daniel Quirk,
Owner and CEO, Quirk Auto. “The Pitney Bowes technology solution
has improved our shipping operation and the financial solution has
helped us streamline billing and manage cash flow.”
Pitney Bowes Prepay Shipping Accounts are a great tool for
businesses like Quirk Auto who want to hold onto funds longer and
manage payments in concert with fluctuating shipping volumes.
Another financial tool uniquely offered by Pitney Bowes is Purchase
Power – a revolving line of credit that allows clients to match
postage payments to cash flow cycles. With Purchase Power, Pitney
Bowes manages payments to the USPS® and other carriers on behalf of
their clients and then sends a consolidated bill to the client.
Purchase Power is another way Pitney Bowes is making USPS® services
more accessible to ecommerce businesses.
“When we work with a client to integrate our Shipping APIs, we
don’t do it in a vacuum. It is not enough to simply get the
technology right. You also need to back it up with the service,
support and business model that fits their specific needs and that
they can depend on long-term,” said Johnson. “We’re so pleased to
be able to help Quirk Auto Parts and other businesses simplify
their shipping operations and protect more of their working
capital, so they can continue to invest in the core of their
businesses.”
Pitney Bowes launched Complete Shipping APIs in 2016 and quickly
set its solution apart by offering flexible financing options and a
modern RESTful web services architecture that makes its solution
easy to integrate, test and upgrade. Over the past year, these
benefits, as well as a commitment to client-led innovation and an
expanding set of product features, has led more ecommerce platform
providers, as well as enterprise and SMB shippers to adopt the
solution.
Pitney Bowes Complete Shipping APIs are available as part of the
Pitney Bowes Commerce Cloud, a commerce enabler, providing access
to solutions, analytics and APIs across the full commerce continuum
with speed and agility to help clients identify customers, locate
opportunities, enable communications, power shipping from anywhere
to everywhere, and manage payments.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company powering
billions of transactions – physical and digital – in the connected
and borderless world of commerce. Clients around the world,
including 90 percent of the Fortune 500, rely on products,
solutions, services and data from Pitney Bowes in the areas of
customer information management, location intelligence, customer
engagement, shipping, mailing, and global ecommerce. And with the
innovative Pitney Bowes Commerce Cloud, clients can access the
broad range of Pitney Bowes solutions, analytics, and APIs to drive
commerce. For additional information, visit Pitney Bowes, the
Craftsmen of Commerce, at www.pitneybowes.com.
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Pitney BowesBrett Cody, 203-359 6079Brett.Cody@pb.com
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