TROC CIRCLE PLATFORM DEVELOPMENT

Planned
Integrate payment processors
Connecting payment processors to execute the remainder of the payments.
Open API release
Troc Circle will release an open API that allows corporates to smoothly integrate and grow the network.
In progress
Prepare release of Beta Version 0.2
Stay tuned for Troc Circle's upcoming version featuring an enhanced user experience and an optimized netting formula.
Integrate with more accounting software's
We are currently working on API integrations allowing an automated integration with businesses' accounting software.
Done
Release of Beta Version 0.1
We went live and released the version 0.1 of our Beta app. The first global netting solution covering circular netting.
Accounting & ERP Integration
Synchronization ensures that every accounting data point, transactions, approvals, payments / netting deals syncs with your accounting system.

HOW DOES TROC CIRCLE ALGORITHM WORK?

Troc Circle is an easy, secure, and fast netting platform that proposes group deals by offsetting receivables with payables. In the left example underneath: the Distributor owes the Retailer $10.000, the Retailor owes the Wholesaler $5.000 for goods, and the Wholesaler owes the Distributor $15.000 for shipping his goods. Our algorithm is programmed to recognize this as a financial circle where $5.000 can be netted out of every party’s owed amounts. The remaining result will be the right example underneath, where the total receivables have increased by 3 x $5.000 = $15.000 and simultaneously the total payables have decreased by 3 x $5.000 = $15.000. Although no actual money has been moved, the total debt in this financial circle has decreased.

This in the end reduces the amount of money that needs to be transferred between the actors of the circle - resulting in faster payment and lower working capital to match expenses.

$5,000 CAN BE NETTED OUT OF THE FINANCIAL CIRCLE

As a result, the quantity and amounts of pending transactions for the three actors in the circle have been reduced. Thus, when the Distributor and the Wholesaler make their due payments of $5.000 and $10.000 respectively, their transaction (and potential currency conversion) fees will be reduced as well, for these are based on a percentage of the total transferred amount. In short Troc Circle reduces the risk of bad debt.

HANDLING PAYMENT CHAINS

Troc Circle works on an upgrade of the algorithm where it can play by itself a closing role in a financial circle. In the example, you can see that the parties are not forming an actual circle by themselves, but Troc Circle is playing a middle role in order to complete the circle and perform the reduction of debt between the actors.

LIBERATE YOUR WORKING CAPITAL