Integrating with Digitized Business Services
The Digital Ecosystem
Connecting Digitally to Trade Services
Trade Assurance Services enable the Buyer to be assured of the quality quantity and delivery of the goods and services in a timely and satisfactory fashion. These Services also enable to Seller to be assured that goods and services are not rejected or payment withheld as long as the Seller meets the order specifications and delivery agreements.
TRADE CREDIT SERVICES
Trade Credit Services provides the Seller (and/or the Buyer) short term accounts receivable financing ( and/or accounts payable financing) to provide liquidity for their businesses. Typically these can be revolving lines of credit, loans or factoring (and /or reverse factoring) as the case may be. This type of financing is generally secured by current assets.
CREDIT INSURANCE SERVICES
Credit Insurance services (which are different from Trade Assurance) provide the seller with a guarantee of payment in the event that the buyer does not pay for the goods or services even after these have been satisfactory delivered and accepted by the buyer, due to other reasons such as unwillingness or inability to pay e.g., as may occur due to insolvency or illiquidity.
SECURE PAYMENT PROCESSING
Secure Payment Processing services can be provided by the buyer’s and the seller’s respective banks. However, since B2B eCommerce does not always use the legacy procurement, sales and distribution ecosystems, other types of payment intermediaries have emerged to also serve this fast growing market and often compliment the existing banking channels.
INSPECTION AND CERTIFICATION
Due to the global nature and reach of B2B eCommerce, it often becomes necessary to have reputable independent inspection and certification services available at the point of origin, delivery and elsewhere, as needed, often remote from the party requiring the inspection. This is a very specialized niche served by a handful of globally recognized firms.
B2B eCOMMERCE PLATFORMS
There are several firms which offer B2B eCommerce Platforms for OEMs, Wholesalers and others. These can be hosted both on company or third party servers or in the cloud. There are systems for procurement, sales and complete ERP systems with B2B ecommerce integrated into them. We cover a broad spectrum of these in the site.