The E-TAD Program's immediate payment feature eliminates credit risk, and the need to collect the receivable. Although ideally suited for online purchasing, Actrade's E-TAD Program can be used for traditional offline purchases as well. Credit limits are immediately enforced, reducing manual processes. An e-procurement solution shouldn't stop at the point a purchase order is issued. Multi-user authorizations allow for flexible account control across departments.
Approved buyers use the member access area to generate E-TADs online.
E-TAD is an irrevocable and negotiable electronic payment obligation, issued by a buyer for a specific sum, to be paid on a definitive date through automatic debiting of a buyer's designated bank account. E-TAD technology provides online credit, payment, settlement and integration solutions. Through E-TAD, buyers can pay for purchases with terms up to six months while suppliers receive immediate payment. E-TAD facilitates commercial trade by providing a secure, streamlined payment solution for both offline and online purchases. Inc. The company's International Merchandise Trade division helps U.S. and foreign manufacturers to sell their products in the international markets by using specialized trade finance methods.