Open account transactions are linked to open account trade where goods are exchanged under a ‘ship now, pay later’ agreement. Most global trade agreements use open account terms because they accelerate the overall transaction process from order to payment, which is useful for cross-border trade that typically faces lots of delays.
We are the first company to offer a single automation solution for all groups in a global supply chain. With us, buyers, suppliers and funders can exchange transaction documents securely between one another on the same system.