The TCT Integrated Solution


Protect deals you facilitate via the TCT Integration solution

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Is my business suitable?

Your business could be suitable for Bad Debt Protection if you:  

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Have had previous experience of bad debt affecting your lending model

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Want to protect your own cashflow, not just your customers

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Have some customers that represent a large percentage of your revenue

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Don't need to insure all your deals, but want to do it on an individual invoice basis

 
 

 

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Help your company grow and think smart

Traditional trade credit cover does not fit small business. Here at TradeCrediTech we have developed a solution that is instant and flexible, just like today's business owners.

Use the platform via desktop or mobile to protect any individual invoice in your lending model from bad debt with a click for a button.

With TCT you only pay for what you need.

 
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TCT lets you pick and choose which invoices to insure

CAN I INSURE RECEIVABLES AS A LOSS PAYEE?

Yes. We have an option for non-confidential and confidential trades.  To insure non-confidential trades we have the option for a 'loss payee', in addition to the 'client' and 'debtor' as counter-parties for the invoice or trade deal. 

HOW MUCH IS IT TO INSURE AN INVOICE?

You can insure an invoice on the TCT platform for as little as £5.60  including Insurance Premium Tax (IPT).  The price of insurance on any invoice will range between 0.2 - 2%*.

*This percentage can be higher if a company is deemed to be on the extreme scale of risk.

WHY ARE SOME INVOICES SHOWING AS N/A?

This usually happens if your invoices were raised some time ago. We recommend insuring your invoices soon after they have been raised (it costs the same).

Insurance may not be available if an invoice has credit terms over 120 days, or if your client has a very low credit rating.

DO YOU HAVE A DEMO?

Yes. To view our demo video or request a walk through, please get in touch with us on info@tradecreditech.com or give us a call on +441423222417 from Monday to Friday 9-6pm.

WHAT KIND OF LIMITS DO YOU WORK WITH?

TradeCrediTech does not work in the traditional sense of Trade Credit Insurance. As we are a non-whole turnover product, we insure the nominal value of the invoice raised on the platform. The invoice will have a deductible fee as well as a gross premium to pay.

CAN I INSURE ANY INVOICE?

We are currently only able to insure invoices raised with UK businesses (not individuals) on credit terms of up to 120 days. We are offering cover for export (overseas debtors) soon.

We recommend insuring your invoices early as 'old' invoices may not be insurable if a significant amount of time has passed since it was raised.

Cover may not be possible if your buyer has a very low credit rating.

WHAT AM I COVERED FOR?

Single invoice insurance protects your business from customer bankruptcy or insolvency as well as the cost of debt collection. 

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