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Veritical provides an e-commerce transaction friendly environment, ensuring the
secure interaction between buyers, sellers and
financial institutions. In this manner, manufacturers, retailers and
distributors wishing to sell products and services can reach out to companies
interested buying. In this optimized business environment, both
buyers and sellers can leverage
the power of multiple financial institutions. Thus, all parties stand to
benefit.
Veritical supports a wide range of payment tools such as credit cards- VPOS,
shopping cards, money order, direct debiting, direct billing and
checks/promissory notes.
Product catalogs, price listings, order entry and order status are monitored in
the electronic environment by the seller. The seller can also follow invoices
issued for orders and view payment plans and cash flow information.
Buyer orders are also entered online and can be monitored and changed at any
point in time. Therefore, the operational costs associated with buyer orders
and error frequency can be greatly reduced.
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