Trade Terms does two things to help small and medium businesses save time and money.
1. It provides a complete end-to-end online credit application process. No more emails, printing, scanning and signing.
2. It allows customers and suppliers to provide updated details of their business to each other, and have these changes automatically saved to Xero (MYOB coming soon).
Trade Terms was created by owners of a small business who got tired of having to print, sign, scan and email credit applications only to discover that their supplier/customer had changed their bank account and Xero/MYOB now had the wrong information.
Sign up and get 60 days free, then only $20+GST NZD per month.
Stop emailing documents for printing, signing and scanning documents.
Trade Terms can manage the credit application process end-to-end with as much or little involvement as you want. You can configure a completely hands-off process or approve each step along the way
With the hands-off approach you will receive a fully completed credit application, the signatories for the customer have been personally identity verified by Trade Terms, and the customer information can be automatically saved to your Xero/MYOB account.
OR
You can be notified when a potential customer would like to complete a credit application. You can choose to either endorse their request or deny it. If endorsed, they can complete the credit application and you can choose to approve or deny it. If you approve, the customer information will be automtically saved to your Xero/MYOB account.

Update your business details in Trade Terms and we will notify your customers and suppliers automatically. Have a new bank account? email address? key contact person? No problems. We will ensure your customers and suppliers are informed.
If they are Trade Terms members, we can even save the changes directly to their Xero/MYOB account.
The following types of information can be automatically sent to customers and suppliers:
Had suppliers change bank accounts or email address and you weren't informed? Problem solved, Trade Terms will engage directly with your customers and suppliers requesting they verify the information you have, and then save any changes they provide to your Xero/MYOB account.
Trade Terms will directly contact your customers and suppliers, and access the New Zealand Companies Register to ensure you receive updates in a timely manner.
Automatically receive:


Trade Terms can automatically save changes from suppliers and customers directly to Xero or MYOB. This reduces manual data entry and potential mistakes. We'll monitor the details of your customers and suppliers and notify you if there are any differences between what we have as the source of truth and your accounting platform, preventing invoice and payment fraud.
This enables your business to: