#United States #Los Angeles #B2B Commerce #OroPay #Oro Inc.

OroPay by Oro Inc.: A Unified Solution for B2B Payments

Oro Inc., a front-runner in open-source B2B digital commerce, recently announced the launch of OroPay, an innovative payment solution tailored specifically for manufacturers and distributors using OroCommerce. Designed to streamline financial transactions, OroPay integrates invoicing, payments, and enterprise resource planning (ERP) functionalities into a cohesive platform, enabling businesses to scale efficiently while optimizing their cash flow management.

Centralized Payment Management

Traditionally, many B2B entities have utilized disparate tools to manage invoicing and payment processes. This often leads to unnecessary complexities for customers and additional workload for finance departments. With the integration of OroPay into OroCommerce, the company seeks to eliminate these obstacles. Sellers can now oversee invoicing, financial transactions, and customer account data from a single system, providing buyers with a seamless, self-service payment option using various methods, including credit card and ACH transfers. This ensures real-time connectivity from order placement to payment processing and reconciliation, enhancing transparency for both buyers and sellers.

Executive Insights

According to Yoav Kutner, the CEO of Oro Inc., “OroPay signifies a significant leap forward in how B2B payment solutions function. Its design prioritizes efficiency, security, and integration into existing digital commerce frameworks.” The company aims for OroPay to empower customers by streamlining financial operations and enhancing customer experience during transactions.

Powered by Global Payments

OroPay's robust capabilities are underpinned by a partnership with Global Payments, a leading provider of payment technologies that processes over 73 billion transactions annually across more than 100 countries. This collaboration allows OroPay to support advanced credit card processing features, including Level 2 and Level 3 transaction capabilities that significantly lower fees for high-value B2B dealings. Additional benefits include comprehensive fraud protection measures, compliance with SCA/PSD2 regulations, and support for both local and international payment modalities.

Flexible and Scalable Architecture

The design of OroPay acknowledges the complexities inherent in modern B2B commerce. It allows users to manage various financial scenarios, such as partial payments and credit memos, without adding operational strain. Some of the key advantages include:

• - Unified Ecosystem: Synchronizing ERP, commerce, and finance systems for a holistic operational view.
• - Operational Efficiency: Minimizing manual reconciliation and administrative tasks, freeing up resources.
• - Predictable Cash Flow: Accelerating collections with continuous digital payment options.
• - Competitive Pricing: Transparent transaction fees that are competitive in the market.

Availability and Adoption

OroPay is set to be included by default in all new OroCommerce implementations starting with version 5.1 LTS. Customers have the opportunity to activate or decline the service without any penalties. The onboarding process will be handled in partnership with Global Payments, which will provide dedicated training and support resources throughout implementation.

About Oro Inc.

Oro Inc. was founded in 2012 as a pioneer of OroCommerce, recognized as the sole open-source digital commerce platform designed explicitly for B2B companies. Its solutions empower global businesses in manufacturing, distribution, and wholesale sectors, offering built-in capabilities for CRM, marketplace integration, and workflow management. In recognition of its innovative contributions to the industry, Oro was named a Visionary in Gartner's 2024 Magic Quadrant for Digital Commerce.

For more information, visit Oro Inc.'s website.