The program now allows qualifying buyers, such as schools, local government offices, community organizations, and small enterprises, to use trade credit when making online grocery purchases across the retailer’s portfolio of banners, including Albertsons, Safeway, ACME, Jewel-Osco, Shaw’s, Star Market, Vons, Pavilions, Tom Thumb, and Randall’s.
With this arrangement, administrators can set individual spending limits, track invoice statuses in real time, and manage credit lines more efficiently via a self-service portal. The platform also provides net 30 payment terms.
Enhancing Business Transactions
The new system streamlines the billing process by automating credit approvals, generating electronic invoices, and monitoring payments, thus reducing errors and easing the workload of internal accounts receivable teams. According to TreviPay representatives, the firm assumes credit risk and settles payments immediately, helping Albertsons reduce back-office overhead.
Albertsons officials noted that this initiative aims to make purchasing more flexible for both small and large business clients while offering greater control over spending. The invoicing program aligns with customer preferences for flexible payment terms as highlighted in research by TreviPay, indicating a majority of business buyers favor suppliers who offer invoice-based payments.
The move reflects an increasing trend within the retail sector to provide tailored payment options for B2B clients, particularly those making frequent or large-volume purchases.