Sales Financing Tool
  • Attract larger orders with 6 month payment terms
  • Receive payments in 3 days
  • Reduce bad debt exposure through insurance
  • Expand sales through affordable financing options
  • Purchasing Tool

    Purchasing Tool
  • Extend accounts payable by up to 6 months
  • Improve cash flow
  • Reduce financing costs
  • Strengthen vendors' finances
  • Panel 2

    Automated Sales Financing Tool

    Flex Commerce is an automated financial platform that enables sellers to offer secured payment terms of up to six months to domestic and international clients. Click here to see how it works.

    In addition to being a great selling tool, Flex Commerce also helps sellers manage cash flow by our platform that triggers payments to the seller within three days of product delivery. The cost to finance a six month transaction are competitive to other traditional financing options.

    Increase Sales

  • Encourage larger orders with extended payment terms
  • Attract new clients with exclusive financing options
  • Create competitive advantage
  • Improve Cash Flow

  • Receive payments in 3 days
  • Track transactions in real time
  • Preserve other lines of credit
  • Reduce Risks

  • Protect accounts receivable through insurance
  • Reduce or eliminate bad debt allowance
  • Predict accurate payment cycles
  • Easy to Use

  • FREE software platform
  • Reduce IT infrastructure through web-based delivery
  • Facilitated through your bank or one of our financial partners
  • Panel5

    How it Works

    Our system processes transactions by collecting, validating, and distributing information among banks, insurance companies, and sellers -- empowering our partners to execute quick and reliable B2B transactions. With our unique solution, we are able to offer payment terms of up to six months to buyers while paying sellers within three days of delivery. Our process is safe and secure because every transaction is backed by globally recognized trade insurance products that reduce non-payment risks and allow accurate forecasting of cash flows. This advantage allows us to keep costs lower than other financing options.

    How a TransacXion works:

  • First, we onboard the seller into our platform, which means one of our financial partners gathers information related to the seller's business model and financial health. This data is validated for accuracy and then entered into the TransacXion system where we set up a unique trading account for that seller. When the seller logs into the system for the first time, he completes his profile by adding information about the carrier or logistic provider that is used. The seller is then ready to bring his clients onto the platform.
  • The second phase is the approval of the buyer by the insurer. To do this, the seller collects a short list of items from his client and electronically submits them with a line of credit request. After automatic insurance underwriting and approval, the buyer is ready to make his first purchase.
  • Once both the buyer and the seller are in our system, they are free to begin benefitting from our extended payment financing. The seller uploads relevant trade documents via a simple drag-and-drop process, and our system employs a cloud-based rule algorithm to validate and authenticate the data before passing the documents to the bank for review and approval. Once the products are delivered, the bank disburses funds to the seller within three days; up to six months later, the buyer pays the full invoice value and the transaction is complete.
  • howworks

    We are at your service to answer any questions you might have

    Supply Chain Advanced Disbursement System

    SCADS is a new application targeted toward large buyers to leverage their accounts payable to improve cash flow by extending the date when their payments to sellers are due.

    Among the many benefits, buyers can extend invoice payments by up to six months while pushing financing costs down the supply chain. The financial health of sellers is improved through the added cash flow from receiving payments in three days.

    Benefits from SCADS Supply Chain Financing Tool

    Improved Cash Flow

  • Extend bill payment dates up to 6 months
  • Reduce capital requirements
  • Push financing costs down the supply chain
  • Improved Sellers' Finances

  • Additional funding for sellers by participating in SCADS
  • Sellers receive payments in 3 days
  • Lower cost of financing
  • Better Management of Procurement

  • Reduce out-of-stock events
  • Increase inventory without increasing cost
  • Improve customer service by having larger inventory
  • We are at your service to answer any questions you might have

    Panel6

    Infrastructure

    HUBS Hosted Unified Business System

    HUBS, the core technology engine powering Flex Commerce and SCADS, is composed of a suite of software applications enabling our partners to use cloud computing to efficiently manage accounts payable and receivable. These software applications connect all stakeholders--the sellers, buyers, carriers, insurers and bankers--in a seamless environment with a focus on reliability, and cost reduction.


    Because HUBS was designed from the ground up to reside in the cloud, we can offer scalability, reliability and security built into the applications.

    hub
    Scalability

    The system is designed to automatically increase its processing power and storage capabilities to meet the increasing volume of transactions as more clients are added. The application capitalizes on the dynamic capacity of cloud infrastructure.


    HUBS provides a user-friendly interface that is easy to use for anyone, even with no or minimal training. Advanced Optical Character Recognition (OCR) limits document entry work to a simple drag-and-drop process, and users have full control and visibility into the entire process.

    Security

    We take security very seriously. Our internet cloud provider has successfully completed multiple SAS70 Type II audits, and now publishes a Service Organization Controls 1 (SOC 1) Type 2 report under both the SSAE 16 and the ISAE 3402 professional standards as well as a Service Organization Controls 2 (SOC 2) report.


    In addition, our cloud provider has received authorization from the U.S. General Services Administration to operate under the Defense Information Assurance Certification and Accreditation Program (DIACAP).

    Reliability

    HUBS is built with multiple backups designed to prevent unwanted interruptions to business operations. Designed around highly redundant and scalable technologies, HUBS is able to maintain a consistent level of performance under many conditions over long periods of time.


    Internet delivery insures that you will never stop operation due to an upgrade to a new software version. With automated connections and updates maximizing efficiency, we are ready to accommodate your present and future business needs.




    The Team

    TransacXion Technologies was created by a team of experienced entrepreneurs who, over the last 30 years, have gathered experience in various fields such as technology, trade finance, insurance, manufacturing and consulting where they have been recognized as high achievers and passionate visionaries. Efficiency and productivity are standard operating procedures for the executive team.

    The rest of the team is comprised of knowledgeable and innovative professionals who share the passion for performance and the desire to build an outstanding company. The Advisory Board ensures creative perspectives and strategic thinking.

    TransacXion's philosophy consists of four simple principles:

    • 1. Have Fun
    • 2. Make a Difference
    • 3. Make Money
    • 4. In that Order

    Management Team
    photo
    Mr. Michel Fontaine - Chief Executive Officer and President Mr. Fontaine is a seasoned technology executive with more than seven startups to his credit. He previously served as CEO of Commerce Science, a SaaS e-commerce company named among the most innovative companies in Georgia. Mr. Fontaine received multiple honors in Canada such as “Exporter of the Year”, ”Young Enterprise of the Year”, “Innovator by Excellence”, and finally the “Entrepreneur of the Year” by his Alma Mater (HEC Montreal) where he earned a degree in Marketing.
    photo
    Peter Evans - Chief Marketing Officer Mr. Evans is a seasoned marketing executive and a proven professional with 20+ years of experience in forming, developing and managing high-tech businesses and teams. He has an established a record for high accomplishments and delivering on aggressive commitments while maintaining high quality and high-morale. Recently, Mr. Evans was the Chief Marketing Officer at DELL Computer Enterprise Division. He has served many roles at IBM from the office of the CTO to ISS, an internet security company acquired by IBM. Mr. Evans received a BA in applied mathematics, a BSc in Computer Science and an MBA in International Marketing from Queen's and York University respectively.
    photo
    Soundappan Thoddannan (Sound) - Chief Technology Officer Combining IT business acumen with financial and technical knowledge, Sound brings nearly 22 + years of diverse experience and a history of success. He has over 10 years' experience in the world of highly secure and complex health care information technology. Additionally, his experience on Wall Street with JP Morgan brings a fresh perspective and the unique ability to join the world of finance and technology. Sound hold a bachelor of science in engineering from Annamalai University.
    photo
    Shanmugam Arthanari (Shan) - Vice President Development Mr. Arthanari is an experienced technology operative. After many years at ADP working on many Fintech and healthcare projects, he brings his operational expertise to facilitate and insure that all stakeholders in the processes combine their efforts to the benefit of our clients. Shaun holds a bachelor of science in engineering from Coimbatore Institute of Technology.

    Panel6

    Careers
    Atlanta, GA, USA

    Montréal, QC, Canada
    career

    TransacXion Technologies is always looking for individuals who want to grow and develop professionally with us. We need individuals with a strong desire to succeed who will share our values and ethics as we continue to build creative and innovative financial technology solutions for financial institutions and the business community. We are a dynamic young company where you can create your own career path by taking challenges that only a start-up can offer!

    We are always in search of great people to help us build a great company.

    Technology
    tech
    (We are a Java-based cloud platform – All current positions are Atlanta based)
  • Production Support Specialist (10+ years exp.)
  • Business Analysts (10+ years exp.)
  • Enterprise Application Integration Specialists (with EDI)
  • For information about careers at TransacXion, please send your résumé to HR@TransacXion.com.
    Sales & Marketing
    sales
  • Sales, Enterprise Solutions (5+ years)
  • Sales Support – Atlanta – Montreal, Canada
  • Inside Sales - Atlanta – Montreal, Canada
  • Senior Marketing Manager - Atlanta
  • For information about careers at TransacXion, please send your résumé to HR@TransacXion.com

    Respect, openness, integrity and high achievement are the basis of our relationships with our employees.
    Our philosophy consists of four simple principles:
  • Have Fun
  • Make a Difference
  • Make Money
  • In that Order
  • We are an equal opportunity employer with opportunities in Montreal, Canada and Atlanta, GA.
    We offer a comprehensive and competitive compensation package.

    Panel6

    News and Media
    2013
    2012
    2011
    2010
    career
    Atlanta, September 11, 2013

    TransacXion Technologies’ CEO, Michel Fontaine, is pleased to have been a guest on America’s Web Radio’s show Gross Reality with Steve Gross.  Michel spoke about the Company History and transforming receivable financing and insured trade finance through TransacXion Technologies products.  To listen to or download the show:

    To listen: Click Here
    To download: Click Here



    For further information:
    TransacXion Corporate Communications
    Jessie Lee
    JLee@TransacXion.com

    Atlanta, May 2013

    TransacXion Technologies is proud to announce reselecting Amazon as its choice network provider for its hosting services. Amazon's proven record of responsive capacity and scalability ensures that TransacXion will have a reliable platform and unhindered growth.
    "After examining the key cloud providers and rating them in terms of performance, functionality, and reliability, we selected Amazon's EC2 platform as our development and production target. We are proud to be partnered with Amazon and see this relationship continuing in the years ahead." Hil Hughes, TransacXion Technologies COO




    For further information:
    TransacXion Corporate Communications
    Jessie Lee
    JLee@TransacXion.com
    Atlanta, April 15, 2013

    TransacXion Technologies is proud to introduce Hil Hughes as its new COO. Hil has over 20 years of extensive experience in payment processes and technology design at an executive management level, as well as a successful entrepreneurial background. Hil has an M.B.A. from the University of Georgia, an international M.B.A. from the Sorbonne in Paris, a certificate of finance from Coppead in Brazil, and a J.D. from UGA. TransacXion is excited to have Hil as part of the team.




    For further information:
    TransacXion Corporate Communications
    Jessie Lee
    JLee@TransacXion.com
    Atlanta, January 13, 2013

    TransacXion Technologies Inc, a leader in trade financing, is proud to announce its participation in "Shark Attack", staged by the Ritz Group. TransacXion was declared the winner as three judges gave a thumbs up to the ground breaking business model and to the team assembled by Mr. Michel Fontaine, the CEO of TransacXion. His performance can be viewed here. Congratulations once again to TransacXion and its team.




    For further information:
    TransacXion Corporate Communications
    Jessie Lee
    JLee@TransacXion.com
    Atlanta, September 29, 2012

    TransacXion Technologies Inc, a leader in trade financing, is proud to announce that HUBS, the core technology energizing Flex Commerce™ and SCADS™, is now patent pending. Mr. Stephen Mallik, TransacXion Technologies’ chief technology officer stated, “I believe that in the short future many additional patents will be added to our core technology, delivering new benefits to our clients and partners.”

    "This is a first step leading to the deployment of the first automated trade financing platform. We are proud to assist our fellow Georgian companies with this new tool," said Michel Fontaine, CEO of TransacXion Technologies. This new technology enables companies to offer up to 6 months payment terms to their domestic and international buyers.



    For further information:
    TransacXion Corporate Communications
    Jessie Lee
    JLee@TransacXion.com
    Montreal QC, March 2011

    TransacXion Technologies Inc is proud to announce that the company was selected to present and won at the "Hottest Start-Up" event sponsored by the Department of Foreign Affairs and International Trade in Quebec City. The event took place over a 3 week period in 9 of the largest cities in Canada. The jury was composed mostly of American venture capitalists and corporate investors poised to position Canadian start-ups in an international arena.

    TransacXion Technologies Canada Inc, was recognized for the unique merits of its business plan, as well as for the potential impact of its disruptive technology in the area of corporate finance. The judges gave TransacXion a score of 94 out of 100. "This technology is truly disruptive and may change the way that sales of goods and services are done around the world," stated Michel Fontaine, the CEO of TransacXion.

    "We believe that we have a chance to change the world, one bank at a time, starting in Canada," said Mr. Jean-Nicolas Guillemette, COO of TransacXion. He also added, "We still have a long way to go before the full application is finished, but the early signs of interest are extremely encouraging".



    For further information:
    TransacXion Corporate Communications
    Jessie Lee
    JLee@TransacXion.com
    newsmedia
    Frequently Asked Questions - FAQ

    This page is designed to answer most commonly asked questions. If you have additional questions or would like more information on our products and services, please contact us.

    01 Q - I am a seller. What is the process for me to start using Flex Commerce? A -Before you can start offering your buyers extended payment terms, you need to follow these steps:
    1. Start by completing an application. Click here for the application form.
    2.  We will then refer your application to one of our banking partners familiar with your industry.
    3.  Our banking partner will contact you to establish a line of credit separate from any present credit lines. You will need to supply the same type of information as if you were opening a commercial bank account (e.g. financials, corporate info, etc.).
    4.  Once you are approved and a line of credit has been established, you will receive login information to access the TransacXion software. You will then be ready to select the buyers you want to target for larger orders and extended payment terms. You are ready to transact!
    02 Q - Now that I have been approved, how do I offer terms to my buyers? A - Once you have received your login, you will go to the "Add Buyer" tab. You then fill in the information for that particular buyer such as name and address, total amount you want available to transact with, and the payment term (i.e. 90 days, 120 days or 180 days). Our system will reply with either an approval and authorization number, a request for more information, or a denial. There is a $50 fee for each buyer's credit check.
    03 Q - Can I use my own bank? I have been with them for 10 years. A - Yes, you can. If your bank is not currently one of our financial partners, we will be happy to make an introduction and discuss our product offerings. It takes 8 to 16 weeks to onboard a new bank and begin transacting with our program. You can also use our existing banking partners for trade finance and keep your current bank for your other credit facilities.
    04 Q - What information do you need about my buyers? A -The information provided is used by the insurance company to underwrite the buyer. The information necessary is based on the amount requested:
    1.  Up to $250K: Name and address of the company and 12 months of ledger history. If the client has never done business with you, we will also need 3 trade references and the name and address of his bank.
    2.  From $251K to 5M: In addition to the above information, we will need the most current financial statements (less than 12 months old).
    3.  Over $5M: In addition to the information required in 1 and 2, we will need the audited or CPA reviewed financial statements. Further documents may be necessary as decided by the insurer.
    05 Q - Can any company use Flex Commerce? A -At the present time, our service is limited to businesses with at least $10 million in revenue and located in the USA or Canada. We do plan to reduce this minimum revenue threshold in the future, so if you currently do not meet the requirements, please click here to enter your contact information for our mailing list, and we will contact you as changes are implemented to the revenue threshold.
    06 Q - I would like to use SCADS to finance my purchase but am I too small? A - If you do not meet the requirements to use SCADS, your suppliers may be eligible to join Flex Commerce to be able to offer you extended payment terms.
    07 Q - What documents do I need to provide to get my transaction approved? A - For most transactions, you will only need to provide an Invoice, a Purchase Order and a Bill of Lading. TransacXion's platform automatically validates and verifies the transaction information.
    08 Q - What and who defines the payment terms? A - Sellers decide which payment terms to offer the buyer. In the process of requesting credit approval for the buyer, the total amount and the payment term (up to 6 months) is selected. Restrictions may apply for certain companies or products. Contact us for more details.
    09 Q - What are the costs? A - First, there is no cost for installing or using the software application for either buyers or sellers. Nominal fees may be charged by our banking partners to cover the initial underwriting and credit inquiries. Interest, insurance and processing fees are a small percentage of the transaction amount and are paid by the seller. In most cases, this amount is between 2% and 3% for 180 days payment terms. When adding a new buyer, the seller pays a $50 fee for the credit worthiness assessment and underwriting of the buyer. Nominal fees may be charged by financial institutions for additional services. All charges are defined, explained, and approved before a transaction is executed.
    10 Q - Can any company use SCADS? A - At the present time, our SCADS services are limited to businesses with at least $100 million in revenue located in the USA or Canada. Your vendors can be located in any of the approved 27 countries in the world, but your company needs to be located in the USA or Canada.

    Panel6

    Banks

    Partnering with TransacXion gives our banking partners new financial products to expand their client base and to increase profitability with existing clients. Our unique model, coupled with trade insurance, reduces or eliminates the need for loan loss reserves.

    Benefits
  • Increase client credit lines without the need for personal guarantees
  • Enable clients to offer extended payment terms to domestic and international customers
  • Reduce or eliminate loan-loss reserves
  • Shrink risks through insured transactions
  • Increase spreads
  • Improve return on capital
  • Create synergy with existing products
  • Go green via paper-free system
  • Reduce IT infrastructure through web-based delivery
  • No cost to our banking partners
  • Reduce Risk

    As part of our risk-reduction initiative, our system brokers an accounts receivables insurance policy specially developed for TransacXion, which, because it is an embedded policy, means lower or no loan loss reserves are necessary. These policies are issued by the largest, most reputable insurers and government agencies such as ExIm Bank (USA) and EDC (Canada) and are similar to the time-tested policies that protect European and Asian lending institutions against buyer insolvency and non-payment. As a result, neither the bank nor its clients are at risk of catastrophic loss with any transactions performed on our platform.


    TransacXion's insurance is available to both domestic and international buyers and sellers, with the cost being passed on to the bank client, never the bank. In the event of a default, TransacXion and its insurance partners coordinate and execute collection, saving the bank time, resources, and money.

    Increase Revenue

    By automating the entire process, TransacXion improves efficiency and reduces labor and resource costs. Since our solution is unique to TransacXion, our banking partners gain not just a financing instrument, but a fully-fledged selling tool unavailable anywhere else.


  • Offer larger financing options
  • Attract new clients
  • Maximize efficiency and reduce costs
  • Increase spreads
  • Enable global transaction financing
  • Provides banks the ability to safely execute transactions with 6 month terms while disbursing accounts payables within 3 days

  • Offer 6 month terms to buyers, pay sellers within 3 days
  • Ideal for small and medium clients needing simple one-on-one transaction automation
  • Validate and process individual transactions
  • Reduce or eliminate loan loss reserves
  • Global collection service performed by partner insurers included in cost
  • Paper-free green process
  • FREE to implement for banking partners and end users
  • Empowers supply chain solutions with cash flow benefits for buyers, strengthening financial health and forecasting ability

  • Offer 6 month terms to buyers, pay vendors within 3 days
  • Effortlessly manage large borrower accounts needing advanced supply chain solutions
  • Validate and process multiple transactions instantly
  • Reduce or eliminate loan loss reserves
  • Global collection service performed by partner insurers included in cost
  • Paper-free green process
  • FREE to implement for banking partners and end users
  • Panel7

    TransacXion Technologies

    TransacXion is an Atlanta-based company with a wholly owned subsidiary in Montreal, Canada. We facilitate the financing of trade transactions between companies in domestic and international markets. Our twin products, Flex Commerce and SCADS, operate on HUBS, our core transaction processing platform which facilitates transaction authorizations, information processing, insurance underwriting, and bank payments at the click of a button.


    We are a team of specialists in export, risk management, e-commerce, supply chain management, and technology with HUBS being the culmination of all our professional experience. For more information about the management team, click here.

    Operations started in 2010 and we have continued to improve and perfect our platform to preemptively meet our customers' needs. TransacXion Technologies is honored to have received numerous accolades and recognition including Canada's “Hottest Start-up” in 2011 and a nomination for TieCon's 2013 Entrepreneur of the Year.

    Our unique approach to offering attractive payment terms while eliminating bad debt risk and improving cash flow provides a cutting edge competitive advantage for managing the financing of accounts payable and receivable.

    Panel8

    Contact Us
    We always strive to offer the best service from our US and Canadian offices.
    Please, feel free to contact us for any information or inquiries.
    TransacXion Technologies Inc.
    3355 Lenox Rd. Suite 750
    Atlanta GA, 30326
    Tel : 678-250-4747
    Info@TransacXion.com
    www.TransacXion.com
    Map - Directions
    TransacXion Technologies Canada Inc.
    4547 Rue Cartier
    Montreal, QC H2H 1W9
    Tel: 518-241-6660
    Info@TransacXion.com
    www.TransacXion.com
    Map - Directions
    We continue to strive to offer the best possible service. Should there be a problem, please let us know so we can resolve the issues