Zero onboarding for buyers

• +Receive an invoice from Verispect Ltd, a UK registered supplier.
• +Settle it on your normal bank rails, SEPA or Faster Payments, from your existing accounts.
• +Approve delivery milestones the way your team already signs off supplier work.
• +Request a Compliance Passport for any milestone whenever audit or tax review needs one.

• −Create a Netract account or manage credentials.
• −Install software, browser extensions or connect your internal systems.
• −Pass identity or business verification checks for the supplier setup.
• −Pay platform, subscription or transaction fees to Netract.
• −Contract directly with a foreign entity or manage cross-border vendor risk.

Who is the counterparty on our purchase order?

Verispect Ltd, a UK company. Your procurement team raises a domestic supplier contract and never signs paperwork with a foreign entity.

Does our finance team need to onboard anything?

No. There is no portal to log into and no integration to configure. The invoice and its supporting evidence arrive by email.

How do we evidence the work behind an invoice?

Each milestone carries a Compliance Passport that maps approved delivery activity to the invoice line. You can request it as PDF or JSON at any time.

What does Netract cost us?

Nothing. The 2.50% settlement fee is deducted on the supplier side when a foreign currency invoice clears.

Can we run our own supplier due diligence?

Yes. Verispect Ltd provides registration details, the master agreement and our compliance documentation on request.

Supplier agencies can claim a supplier account in about five minutes. Buyers can read the terms of service or the documentation for settlement and evidence details.