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Trade Insurance Management

Trade Insurance Management

Our trade insurance management solution guarantees payment for sellers offering extended terms. 40Seas integrates with ERP systems for real-time  buyer risk monitoring and supports multi-currency operations, while enabling companies to better evaluate buyer credit worthiness. With 40Seas, sellers can make more informed decisions about who to extend credit to and under what terms.

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Automated Trade Insurance Management Platform

Digital KYB and customer onboarding, live coverage tracking, and automated policy compliance. Integrate with ERP systems to monitor buyer risk in real-time and evaluate credit worthiness across countries and currencies.

Streamline credit
insurance processes

Automate risk assessment
and claims handling

Minimize payment
default risks

Manage due dates
more effectively

01

Streamline credit insurance processes

02

Automate risk assessment and claims handling

03

Minimize payment default risks

Use Cases

Explore Our Use Cases

This partnership will not only reduce our support overhead and enhance our customer success, but it will also be a game-changer for our customers.

With 40Seas, we can help our customers grow their businesses without cash limitations. 

40Seas fundamentally changes the economics of ecommerce.

Izzy Rosenzweig

CEO, Portless

What challenge did Portless face?

  1. Portless faced significant operational challenges due to rapid growth and a global customer base.

  2. With weekly invoice cycles, requests for payment terms and multi currency payment options, they needed a scalable solution.

What solution did 40Seas offer?

  1. 40Seas integrates with QBO to automate invoices and support multi currency payment options with embedded finance.

  2. Alerts and reminders are automated, and invoices are reconciled automatically once payment is complete.

Results achieved with 40Seas

  1. DSO was significantly reduced, along with support and operational overhead.

  2. Customer satisfaction was improved with flexible payment options, a digital platform, and embedded finance - at no risk to Portless.

Prior to partnering with 40Seas, we knew we weren’t getting the maximum value out of AI when it came to our financial operations.

40Seas helped us unlock the power of automated Accounts Receivables to supercharge our business growth, giving our clients extra bandwidth to focus on core operations and improve cash flow.

William Yu

CEO, NextSmartShip

What challenge did NextSmartShip face?

  1. With fulfillment centers in China, North America, Europe, Australia, the vast scale of NextSmartShip’s operations came with the responsibility to deliver over a million packages to destinations worldwide each year.

  2. The company also faced challenges in managing its growing receivables, as well as issues with inconsistent tracking.

What solution did 40Seas offer?

  1. 40Seas’ automated Accounts Receivable platform has enabled NextSmartShip to offer extended payment terms of up to 90 days to its customers, without absorbing any credit risk.

  2. The 40Seas’ API has been seamlessly embedded into the NextSmartShip portal, delivering more convenience to customers.

Results achieved with 40Seas

  1. The 40Seas Global Accounts Receivable platform has enabled NextSmartShip to provide a more seamless online payment and shipping experience to its expanding customer base.

  2. The solution has been made available to the 2,000+ Direct-to-Customer (DTC) brands that work with NextSmartShip, facilitating smooth international trade and seamless product distribution.

Thanks to 40Seas’ sophisticated invoice management system, we have been able to expedite our digital transformation journey, while creating additional value for clients through user-centric strategic initiatives.

Jing Zhu

CEO, Founder of JingSourcing

What challenge did JingSourcing face?

  1. Unprecedented demand for JingSourcing’s services from sellers looking to import from China underscored the need for the company to offer more diverse payment options and user-friendly solutions.

  2. As one of the largest sourcing agencies in China, JingSourcing also recognized its unique position to lead the digital transformation of sourcing in the region.

What solution did 40Seas offer?

  1. The 40Seas AR platform streamlines the reconciliation process, matching invoices with purchase orders and delivery receipts in real-time, while enabling payments to be collected via credit card, direct debit or digital wire transfers in different currencies worldwide.

Results achieved with 40Seas

  1. 40Seas has enabled JingSourcing to offer its customers more streamlined payment solutions, as well as new solutions like B2B BNPL and digital payments.

  2. The integration of 40Seas has also allowed JingSourcing to easily track payment statuses, manage due dates, and expedite invoice approvals, mitigating the risk of payment delays.

40Seas has been a game-changer when it comes to streamlining our invoicing process. We’ve also been able to meet growing demand for flexible financing options, strengthening customer relationships without compromising cash flow.

Bruce Lee

CEO, APLong

What challenge did APLong face?

  1. High DSO had become a concern for APLong, with late payments from retailers disrupting the inventory restocking process, and ultimately undermining the company’s ability to capitalize on new business opportunities.

  2. Heightened supply chain disruptions were also exposing inefficiencies in the company’s invoicing architecture.

What solution did 40Seas offer?

  1. 40Seas’ AI-powered, data-driven invoice management platform automates routine tasks like invoice approval, verification, and payment scheduling, while making it easier for APLong to manage transactions across multiple currencies.

  2. The solution also centralizes invoice data in a user-friendly dashboard, making the tracking of payment statuses more straightforward.

Results achieved with 40Seas

  1. APLong can offer seamless digital payment options to its target audience who put a premium on speed and simplicity.

  2. By offering more flexible financing options, APLong’s growing clientele of retailers and distributors can stock up on APLong’s popular accessories without immediate financial strain, boosting sales volumes. DSO was also reduced by x%.

At a critical juncture in our growth trajectory, the 40Seas AR platform has helped us refine our collections process while giving us the agility to fully capitalize on new business opportunities in emerging markets.

Renaud Anjoran

CEO, Sofeast

What challenge did Sofeast face?

  1. Sofeast needed a more expansive suite of financing and digital payment offerings for its rapidly growing roster of clients.

  2. Surging sales volumes encouraged the company to evaluate the scalability of its invoicing process, as the limitations of legacy software were being felt in unwanted payment delays and high DSO.

What solution did 40Seas offer?

  1. 40Seas facilitates real-time tracking of receivables, mitigating the need for chasing overdue payments, while enabling Sofeast customers to easily view their most recent open invoices, as well as upcoming confirmed or scheduled payments.

Results achieved with 40Seas

  1. 40Seas has delivered a more seamless online payment and shipping experience to Sofeast’s expanding customer base, while improving the precision of payment tracking.

  2. Since implementing 40Seas’ flexible financing options, Sofeast’s has been able to significantly reduce their DSO.

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Have questions? Contact support@40seas.com or call us at 1-888-40Seas-0.

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