Seneca

Seneca Trade Portal home screen displayed on a laptop screen

Introducing our new Seneca Trade Portal

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Seneca Trade Portal home screen displayed on a laptop screen

It’s finally here! After months of hard work behind the scenes, we’re delighted to be launching the new Seneca Trade Portal.

The Seneca Trade Portal puts our clients in greater control of their finances and Seneca Trade accounts, providing them with access to their account information wherever they are, whenever they want it. Clients can check their capital balance, facility limits, recent transactions and upcoming repayments directly from their mobile phone, tablet or computer.

Over the past few years, we’ve invested heavily in building our technology capabilities at Seneca Trade Partners, including developing our own bespoke IT system. This system, combined with the Seneca Trade Portal, enables us to provide a better service for our clients with faster processing times and greater account transparency, all while keeping our high level of personalised service.

Access to the Seneca Trade Portal has been rolling out to our clients over the past few weeks and so far the feedback has been overwhelmingly positive. We think our Seneca Trade Portal is an industry-first development and we want to make sure it meets the needs of our clients and businesses. We are inviting feedback from users about the platform and what features would be useful to include as we continue to develop and grow the technology.

Since we started Seneca Trade Partners six years ago, we’ve seen rapid growth. We’ve helped more than 200 clients and recently hit a fantastic milestone – £11m active funds out for the first time. As we look to continue this growth, this platform and client app will help us to propel our business and what we can offer our clients into the next phase

Close-up of desk in a meeting. Showing a laptop, notebook, smartphone, coffee, glasses and a pen

Seneca Trade Partners and Forest Creations combine forces to deliver growth

Case Studies

Seneca Trade Partners are assisting a North East-based manufacturer of wood flooring who required working capital funding to purchase unfinished stock to meet increased customer demand for their products.

Forest Creations manufacture wood flooring in a variety of styles and finishes, with particular prominence in commercial retail and high-end domestic apartments.

Funding for unfinished stock is difficult for many lenders as the stock being purchased typically undergoes a production process and therefore assessing rights of ownership to finished goods stock is difficult.

In this case, Seneca was confident in the management team and saw the potential for growth in the level of orders and sales enquiries. The raw material stock also moves through the factory quickly and all production is done to order.

Tom Flanagan, MD of Forest Creations said: “The flexibility provided by the stock purchase facility from Seneca means we can be confident in accepting increased orders from our customers, as we know we will be able to purchase the stock we need to deliver our finished products to our customers on time.”

Mark McGuire, Director of Seneca Trade Partners said: “The opportunity to support growth is what our business is all about, clients are often constrained by suppliers requiring proforma payments for goods and orders are then often lost through not having the ability to pay. Forest was a classic example of this and we are really pleased with the growth shown by the business since our facility was put in place.“

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