Invenium Legaltech: the first company in Italy to offer its credit protection and management services also through Alibaba
Leveraging Invenium’s expertise since 1996, Invenium Legaltech globally assists companies in addressing and resolving international challenges linked to delayed or unpaid payments. ì
Invenium Legaltech is the first company in Italy to offer its credit protection and management services also through Alibaba.com. This for supporting the ecosystem of companies operating on the world’s largest marketplace.
Global B2B e-commerce is a $23.9 trillion market: Invenium Legaltech develops innovative strategies to protect the growth of large and small exporters, globally.
Business Management and Recovery on Alibaba
A Necessary Ally for Small and Large Businesses. Alibaba, the Chinese e-commerce giant – a $135 billion group turnover – has revolutionized the way companies do business globally. With millions of suppliers and buyers from all over the world, Alibaba offers a huge opportunity for businesses to expand to new markets.
However, as the platform increasingly strives to ensure high-quality transactions, there is still a risk of disputes between sellers and buyers, which makes business management and recovery a valuable service for businesses operating on the portal.
Alibaba: A Gateway to Global Trade
Alibaba has become the world’s largest marketplace, connecting businesses and consumers across the globe. More than 20 million active shoppers are making more than 280,000 requests a day, from 200 different countries. This is especially beneficial for small and large companies, which can easily access a vast pool of suppliers and customers. However, this global opportunity can come with risks.
Geographical distance, cultural and linguistic differences, challenges related to the quality and delivery of goods, and payment issues can cause disputes that jeopardize the success of transactions.
This is the need on which Invenium Legaltech operates. Our company analyze the scenario and the critical issues. We provide information on the scenario and on the technical-legal specifications of the dispute. Invenium legaltech build a recovery strategy that is always accessible to micro and small enterprises. We also support the large exporters too, who, traditionally, operate in the large sectors of strength of Made in Italy (Machinery, Pharma, Food).
In the context of this highly innovative approach, Invenium Legaltech launched an ambitious project within MIND (Milan as the accessible HUB for Import-Exportech). The project – born from the support of Fabrick / Sella – was launched in June 2023 with a prestigious round table attended by Alibaba, Aice (Italian Foreign Trade Association), Promos Italia (Chambers of Commerce), Sella Group and Crèdit Agricole (Trade Finance), Blockinvest, Creditsafe, Ebury, Kapto, Keda and exporters who are bringing the quality and innovation of Made in Italy all over the world (GDE Bertoni, the creators of the World Cup) and Pellini Spa, the first company in the world to offer a control of double glazing blinds calibrated to the specific model of solar shading desired that has operated in the very large projects of Citylife, and Fiera Milano).
The Bank of Italy – through the Fintech Channel – also supported the project through information and strategic guidance, in the analysis area dedicated to Non-Performance Export.
The Possible Risk
Despite Alibaba’s efforts to ensure the quality of international transactions, the risk of litigation is always present. Disputes may arise for various reasons like: the performance of the contract, the quality of the products or services, the delivery of goods and payment. When these disputes occur, they can have a significant impact on business operations, causing financial losses and damaging the company’s reputation.
The Importance of Business Management and Recovery
In this context, credit management and collection services become extremely useful for companies operating on Alibaba. These services offer a number of key benefits:
1. Mediation and Dispute Resolution: Invenium Legaltech’s credit managers are able to support large and small exporters and resolve disputes between seller and buyer in an impartial and efficient manner. Their experience in the field minimizes the risk of protracted legal disputes, through ADR (Alternative Dispute Resolution) techniques.
2. Reduce Financial Risks: Business management is able to identify and mitigate financial risks arising from uncertain transactions. This helps protect the company from financial losses.
3. Reputation Preservation: Business management can help preserve the company’s reputation by ensuring that disputes are handled professionally and avoiding potential damage to the company’s image. We are well aware that today the corporate image is one of the greatest values, to be protected as a priority.
4. Saving Time and Energy: Relying on business management professionals allows companies to save valuable time and energy, allowing them to focus on their core business.
Invenium Legaltech for Alibaba: tools for international growth
Alibaba offers extraordinary opportunities for businesses around the world, but with these exceptional opportunities come risks as well. Disputes between sellers and buyers can pose a significant threat to the success of international transactions on this platform. Therefore, investing in business management and recovery services is essential to protect your international transactions. It’s also impotant to ensure the proper management of any disputes in the international arena. In a world where international trade is constantly growing, Alibaba management and debt collection have become essential allies for small and large businesses aspiring to global success.
For any information on Invenium Legaltech’s services and the Import-Export project, write to: info@invenium-legaltech.it, use our webapp dedicated to international debt collection or contact our offices in Milan: +39 02 7600 402.
