Vetrado

Company Profile

Welcome to Vetrado

We're a virtual clearing house that offers cash management, in-country payments and trade credit insurance to help businesses make and receive payments and protect sales.

We:

- make sure you're only doing business with a customer that can pay

- protect your sales with credit insurance from one of the world's largest credit insurers

- process payment in-country, so there are no international banking costs and you get paid quicker

- create tighter terms of trade to help you manage risk better

How Vetrado works

We manage transactions between you and your customers by putting invoices and payments through our clearing system.

We protect every sales invoice we manage with credit insurance.  We then reconcile payments and send this data to you.

Our credit insurance comes from Atradius, one of the world's largest credit insurers.

What you get from us

Help with payments

- we work across the world, so you can make and receive payments for free anywhere

- we set credit limits for each of your customers.  So you get the same level of certainty a retailer gets when a customer pays with a credit card

- we can invoice your customers for you and in any currency

Information

- make better sales decisions based on the credit limits and ratings we give your customers

- use new reports, like expected future cash flows based on customer actual payment cycles

- find out if one of your customers pays another Vetrado customer late

Reduced costs

- all payments go through Vetrado's clearing system, so there are no bank charges

- when we reconcile your sales and payment data, your finance team will be free to work on other things

- give administrators full responsibility to make sales decisions and reduce the amount of time management are involved in these decisions

- get credit limit decisions on new customers in seconds

What your customers get

Less hassle.  Your customers pay into a Vetrado bank account without signing up to anything

Free payments. Your customers can make all their payments through Vetrado, for free

Lower transaction costs. If your customer is in another country, they can pay you in the same way they'd pay a local supplier.  Because they can pay all their suppliers when they pay you, there is only one transaction.

What it costs

We charge the seller a 1% to 2% fee on each invoice.  This gets you:

- our back office services to pay your invoices, management of payments from your customers and reconciled data

- lower cost global cash management and treasury services

- credit insurance to protect your sales

- terms of trade to help you manage your risk better and help your customers act in a consistent way

You only pay us when you use our service.  There's no upfront cost.