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.
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:
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.
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.
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.
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:
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.
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.
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.
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.
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.
Provides banks the ability to safely execute transactions with 6 month terms while disbursing accounts payables within 3 days
Empowers supply chain solutions with cash flow benefits for buyers, strengthening financial health and forecasting ability
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.