The new guarantee system for your business transactions
Collateral is an operating and monitoring process which is applied to business transaction or industrial supplies between small and medium-sized enterprises. Such application ensures both the buyer and the supplier to prevent credit risks or performance risks. Collateral is a trust service dedicated to the ccompanies that have less means with which to protect themselves or to deal with transactions risks.
SmarTechT is an indipendent third party firm, acting as a “guarantor” in a commercial transaction between companies, applying the collateral process
In a commercial transaction or industrial supplies between companies or between companies and public authorities, collaterals increasingly represent a milestone of the contract. Smartecht holds the role to ensure projects run smoothly and payments take place regularly.
- does not take part in selecting the buyer or suppplier
- takes care of drafting the detailed contract that regulates the business transaction
- manages exclusively the financial stock dedicated to the supply
- carries out an on-going monitoring, by checking and validating the progress of works
- manages to fix dispute settlements or stress scenarios
Collateral process applied to business transaction or industrial supplies between small and medium-sized enterprises., represents an attractive option to most common tools for commercial guarantees, such as bank guarantees, surety bonds or performance bonds. It provides some benefits:
Smartecht has an active role: draws up a detailed contract, manages financial stock for the supply, is responsible to monitoring, verifying and validating time of implementation and progress of works
Collateral is not a standard procedure, but it is customized implementation, fliexible use according to your needs
Collateral takes place outside of banking or insurance system and it is a viable alternative to bank guarantees, surety bonds or performance bonds.
Expected costs are generally lower, compared with those for banking or insurance services