Whats different with Troc Circle?
less than 3% netting opportunities
Closed to a group
Scheduled netting (daily or monthly)
Limited to a single ERP or accounting system (usually set up on the business' local servers)
Troc Circles Universal netting
~70% netting opportunities of invoices
Open to all (KYB handled by Troc Circle)
Instant netting (while keeping control of invoices at all times)
Cloud-based and Integrates with all ERP and accounting systems (That can be connected online)
Integrated supply chain financing (chain netting)
ENABLING FASTER GROWTH
STEP 1 - JOIN TROC CIRCLE
web application or mobile applications available on
App Store and
Google Play. You first need to register as an individual following which you can register one or multiple companies and invite additional users to each company. The process is short and simple and will enable you to start using the universal netting platform.
STEP 2 - REGISTER AS A MERCHANT
To be able to receive funds through the platform, use Chain Netting and benefit from the full potential of Troc Circle, you will need to register as a merchant and go through the KYB steps. The process is done seamlessly on the platform and pretty much within the blink of an eye.
STEP 3 - Optional - CONNECT YOUR ERP / ACCOUNTING SOFTWARE
Instead of manually entering invoices and credit notes (a secondary feature of the platform) you can simply integrate Troc Circle with your ERP or accounting software. This will enable us to extract and use the invoice data to offer netting deals. New ERP / accounting softwares are added regularly. If you can not find yours just reach out to us.
STEP 4 - Optional - CUSTOMIZE YOUR NETTING DEALS
To make sure that you only receive relevant netting opportunities you can customize multiple factors including who to net with (include or exclude specific suppliers and clients), netting time range (only on due date or within a date range), single or multi currency netting and many more.
STEP 5 - START NETTING
Once our system detects a Circular Netting or Chain Netting opportunity, you will be notified in a live manner and at any point in time. Within a second you will be able to see, review and accept or reject all netting deals. Once a deal is accepted, automated receipts are generated and forwarded to you. Every involved company needs to accept the deal in order for it to go through and generate the receipts.
Netting refers to the offsetting of receivables and payables between parties to reduce the gross amount that needs to be settled between them. Shortly: offsetting invoices between multiple parties without moving money.
Troc Circle is particularly suitable for businesses that have many transactions with other businesses.
Yes, Troc Circle can be integrated with your ERP or accounting software. This will enable us to extract and use the invoice data to offer netting deals. New ERP / accounting softwares are added regularly. Also, you can contact our team and request to develop an API connection to your accounting system in order to automate the data exchange between Troc Circle and your accounting system.
Troc Circle would require a recipient unique ID (company TAX ID or email address), the invoice due amount, currency and due date only.
Troc Circle is free for small businesses and starters who wish to test our solution. Once you start having an important netting volume, you can select a plan that best fits your needs.
Through the contact form send us a message or email us directly on the following email: firstname.lastname@example.org.
Businesses can get started with Troc Circle by registering on the platform and following the instructions provided to start using it. You can also download our iOS and Android app.