Vallourec enters ecommerce market

“Balance’s B2B net terms, which allow buyers to pay after 30 days, is a game changer. This was a major decision factor for us,” said Geoffroy de Roffignac, Director of Online Business at Vallourec. “Other providers only manage the payment portion, so the ability to include net terms sets Balance apart. Vallourec is continuing to grow our marketplace with this simple, all-in-one checkout experience.”

Payment delays are a considerable pain point for companies with paper-based transactions costing considerable financial headaches. In April 2022, Vallourec launched its Behub-e payment solution to offer its B2B customers the ability to transact with the ease of everyday consumers. By partnering with Balance, Vallourec is enabling its customers to leverage all payment methods including credit card, ACH or wire transfers, using net payment terms.

“Balance is proud to elevate industry leaders like Vallourec by offering customers a seamless payment experience,” said Bar Geron, Co-founder and CEO of Balance. “A decade ago, people would have said it’s impossible for a smaller company on the other side of the world to purchase parts and equipment from one the world’s largest steel pipe manufacturers. Balance is opening the door to global trade for thousands of buyers and sellers like never before. There is an increasing need for payment solutions with real-time net terms so that customers can enjoy instant payouts and zero risk. Balance is committed to owning the entire B2B checkout experience.”

Vallourec provides benchmark tubular solutions for the energy sectors and other applications – from oil and gas wells in extreme conditions to next-generation power plants, architectural projects and extremely high-performing mechanical equipment. Adapted to the challenges of the 21st century, Vallourec’s comprehensive and innovative solutions are designed for three main markets: oil and gas, low-carbon energy, and industry.

Behub-e is poised to revolutionise the oil and gas industry. Vallourec’s new online marketplace opens its top-tier inventory of steel products and equipment to companies – big and small – from around the world. This partnership will play a valuable role in allowing Vallourec to expand its ecommerce business offerings by reducing friction in the B2B payments process. By combining forces, the supply chain is becoming faster, easier and more accessible for buyers and sellers across the board.

Read the article online at: https://www.worldpipelines.com/business-news/02032023/vallourec-enters-ecommerce-market/