Company: 40Seas
Co-founder and CEO: Eyal Moldovan
Website: https://www.40seas.com/
About 40Seas
40Seas is a dedicated platform to finance, manage and automate B2B payments worldwide. The company has launched two flagship AI-powered solutions in the past nine months which have gained significant early traction and validation from top industry players. The first, 40Seas’ Global Accounts Receivable solution that centralizes invoice data in a user-friendly dashboard, allowing companies to easily track payment statuses, manage due dates, and expedite invoice approvals, mitigating the risk of payment delays. The second, is 40Seas’ Trade Insurance Management solution for SMEs that enables live coverage tracking and digital policy compliance for global SMEs and supports coverage from leading insurers such as Allianz Trade, Atradius, Coface and AIG.
40Seas’ Automated Global Accounts Receivable Solution centralizes invoice data into a user-friendly dashboard, enabling businesses to monitor payment statuses, manage due dates, and expedite invoice approvals, thereby mitigating the risk of payment delays. By seamlessly integrating with existing ERP and accounting software, this solution streamlines the reconciliation process by matching invoices with purchase orders and delivery receipts in real-time. A standout feature of 40Seas Automated AR platform is the ability for companies to offer extended payment terms of up to 90 days to their customers without absorbing any credit risk. This is achieved through strategic partnerships with financial institutions that underwrite the deferred payments, allowing businesses to focus on driving sales volumes rather than being bogged down by debt collection and credit risk assessment.
The second flagship solution, 40Seas’ Trade Insurance Management Solution for SMEs, addresses the critical challenges SMEs face in managing trade insurance policies. Manual oversight in this area often leads to coverage lapses, denied claims, and financial losses. 40Seas’ platform offers live coverage tracking and digital policy compliance, collaborating with leading insurers such as Allianz Trade, Atradius, Coface, and AIG. By integrating with existing ERP and financial systems, as well as insurers’ platforms, the solution provides real-time insights into outstanding invoices and payment statuses, enabling businesses to make informed decisions regarding credit management. In the event of buyer default, the platform simplifies the claims process, expediting payment recovery and minimizing financial disruptions.
40Seas also recently announced a strategic partnership initiative geared towards alleviating the complexities of importing goods from China, utilising its Automated Accounts Receivable platform. 40Seas partnered with some of the country’s leading sourcing agencies and e-commerce fulfillment platforms including JingSourcing, Portless, NextSmartShip, and China Freight. These partners have joined the dozens of companies worldwide that are already using 40Seas’ Global Accounts Receivable platform.
40Seas continues to deliver a more seamless online payment and shipping experience to its clients’ customer bases, while improving the precision of payment tracking. Since implementing 40Seas’ flexible financing options, many clients have been able to significantly reduce their DSO. 40Seas has also helped clients unlock the power of automated Accounts Receivables to supercharge their business growth, giving their clients extra bandwidth to focus on core operations and improve cash flow.
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