MSTS will facilitate invoicing and discount application to provide seamless transactions for dealers and their customers
OVERLAND PARK, Kansas — April 30, 2019 — MSTS, a global B2B payment and credit solutions provider, is proud to announce its collaboration with the GM Fleet Parts Discount Program. General Motors, which has been an MSTS client since 2001, will utilize MSTS’ Credit as a Service™ (CaaS) solution suite to provide participating Chevrolet, Buick, GMC and Cadillac dealers, and customers with electronic consolidated invoicing, access to extended terms options and customized discounts during payment.
While the GM Fleet Parts Discount Program was recently announced in March, other GM Fleet programs already established with MSTS include GM FleetTrac, GM Mega Fleet, and GM National Fleet Maintenance program.
“GM Fleet has been a longtime client of ours, and we are excited to continue to build upon our collaboration with the addition of the parts discount program,” said Brandon Spear, president of MSTS. “We value relationships and innovation at MSTS, and we’ll continue to provide top-of-the-line solutions for our customers that help them expand and improve their own offerings.”
The GM Fleet Parts Discount Program offers commercial, government and rental fleets discounts on more than 450,000 GM Genuine Parts and ACDelco maintenance and repair parts. Eligible customers are those with a GM Fleet Account Number and at least five vehicles in service. Depending on fleet size, and part purchased, the discounts offered through the GM Fleet Parts program may be as high as 32 percent off the list price. The program reflects an increased focus by GM on their commercial sales in 2019 -- this year GM also plans to roll out a new medium-duty truck line.
“Fleet managers are the most sophisticated vehicle buyers in the industry,” said Ed Peper, U.S. vice president, GM Fleet. “They have a job to do, drivers to keep safe and investments to protect. A maintenance program built around GM-designed and factory-certified parts helps address all three of these priorities. And with our new GM Fleet Parts Discount Program, we can help drive an even stronger bottom line, too.”
MSTS is a financial technology company, working globally with B2B companies across transportation, manufacturing, retail and eCommerce. MSTS’ Credit as a Service solution accelerates business commerce by streamlining payments and A/R processes. On behalf of its clients, MSTS processes over $5 billion in transactions a year. MSTS, a wholly-owned subsidiary of World Fuel Services Corporation, has 40 years of experience underwriting businesses for credit and facilitates transactions for its customers in over 190 countries and territories. For more information, visit https://www.msts.com.
In the news
B2B buyers are experiencing challenges when it comes to the purchasing experience and now, they’re speaking up. Recently, we surveyed 300 B2B buyers about their roadblocks, expectations and goals as hey relate to the checkout experience.
Credit as a Service™ now available for all B2B Magento customers
Bankers encouraged to see how innovative payments solution can increase revenue streams