Winescape is a business that is set up around providing a simple trading platform that appeals to all participants in the wine industry. We’re professional wine marketers and sales people. That means we can offer the service of presenting and selling our clients wine at a high level. Selling and negotiation is however only part of an effective trade. Suppliers must be paid and Buyers on occassion need finance. We know about these services but finance and credit services are better handled by professionals. This is where Creditorwatch, BUTN and PPSA Advisory come in.
Creditorwatch provides high end data that describes the financial health of companies across a range of industries. The service enables engaged Suppliers to see the credit worthiness of Buyers that we introduce and provides these Suppliers with the information they need to make informed decisions as to how they deal. This saves time, money and limits the risk of dealing with Buyers who’s company setups may not be as secure as they would outwardly seem.
Creditorwatch is an outstanding business. It is affordable, simple and it’s method of communications are superb. It’s ability to drill down into relationships directors have across a range of companies make it an imperative for the wine industry.
Winescape is one of the first markets to embrace BUTN. BUTN is an application embedded to Winescape that enables Buyers to finance their purchases and suppliers to convert their concluded contracts to cash.
It’s fast, easy and when matched with Winescape injects liquidity into wine markets that has never been there before.
PPS Advisory is a business that specialises in the operation of the Personal Property Securities Act. The purpose of the act is to protect Suppliers from the insolvency of business customers. For our company, PPS Advisory is contracted to set up security interests against Winescape buyers where applicable. Where a security interest has been set up a Supplier becomes a Secured Creditor. Choosing to buy and sell through Winescape allows your company to decrease risk and increase trading security.
Just consider that the Personal Properties Securities Act requires certain legal provisions be included in an agreement prior to lodgement of a security interest. Within Winescape it’s the parties who decide on the conditions within a contract so make sure your company has received the appropriate legal advice and go into your dealings with the right words in your back pocket. If the clauses are there the professionals at PPS Advisory will make sure the security interest is properly lodged.