ICT VP (Available to All)
ICT Circle recognizes partners above the normal by providing them a level of accreditation which is called as ICT Circle Verified Partner (ICT VP). This level is earned when the partner fulfills all the statutory documentation, such as
ICT CP (All Paid Subscribers)
ICT Circle acclaims the contribution of the paid subscribers by awarding them higher recognition which is called as ICT Circle Certified Partner (ICT CP). This level is earned when the partner is a paid subscriber and fulfills all statutory documentation, such as
Business Information Report
One of the most trusted sources of business information, the Business Information Report (BIR) helps determine a company's profitability, financial stability, and payment performance. It is an industry standard for evaluating both new and existing credit relationships, especially medium-to-high risk accounts. Also, it supports the company's other divisions, like marketing and procurement.
The Business Information Report provides an overall profile of a company, including financial information, payment history, trends, history of business, ownership details, operational data, and details on related firms and special events (such as business moves, fires, and other disasters, and Quarterly Performance).
Benefits of Business Information Report:
Business Rating Report
Business Rating Reports: A proactive tool for businesses seeking to establish an updated profile thereby positioning the true picture to stakeholders globally.
As companies globalize in the VUCA (Volatile, Uncertain, Complex and Ambiguous) environment, trust and credibility are critical components that cannot be ignored. Stakeholders consider facts based conclusive information available on these businesses for taking decisions such as extending a partnership, renew current agreements or merely for transacting purposes. Therefore, for businesses to thrive, it is imperative to factor risks both inherent and driven in opportunity.
Benefits of Business Rating Report
Credit Scores and Analytics
Benefits of Credit scores and Analytics
What is Invoice Discounting
Invoice Discounting allows SME businesses like yours to release cash against outstanding customer invoices. It differs from Invoice factoring because you retain the responsibility for collecting payments from your customers.
Features of Invoice Discounting
Benefits of Invoice Discounting
What is Factoring?
Factoring is a quick and easy way to release cash that is tied up in your customers' outstanding invoices, allowing you to access your funds earlier.
Invoice Factoring (also known as Debt Factoring or just Factoring) is ideal for businesses who are either keen to grow fast or facing cash flow challenges and want a professional team to help with credit control. As an alternative to bank loans, overdrafts or credit cards, it can bridge the gap between raising a customer invoice and getting paid. It can also free up your time because we manage your collections for you.
Features of Factoring:
Benefits of Factoring:
*Terms & Conditions applied as per the Invoice Discounting Vendor Partners.
The Safe Way to Buy and Sell Online
An affordable way for payment transactions to take place between numerous parties. The service ensures the needs of the Buyer and Seller are treated with equal importance, and both parties receive equal levels of protection throughout the entire process.
A Low- Cost Solution
Often a cost of using escrow is cheaper than other popular payment methods, such as credit cards or PayPal, for instance.
Simplified Sales Process
Regardless of the size of your transaction, it handles the details and can even take care of the extra administration duties involved in a sale.
If you need to engage in long-distance selling to get the goods or services you need, this can sometimes come with its own risks. Even when sales are made locally, they will involve some element of dealing with an unknown second party for what could be a major financial transaction. It alleviates that risk by providing a robust and trusted payment method that alleviates the risk of dealing with an unknown and untrusted entity.
Protection for Both Parties
Because it holds onto the funds while the goods are being exchanged, both the Buyer and Seller are protected. The Buyer is given the opportunity to inspect the merchandise before they release the funds. The Seller is also protected from any unexpected chargebacks.