BLOCKCHAIN use-case
INVOICE DISCOUNTING
Learn how blockchain can be used for supply chain finance & invoice discounting. Curate investor base on the blockchain. Allow SMEs to mange their liquidity.
Invoice Discounting
Invoice discounting or invoice financing is an
extremely powerful tool that businesses can use to increase their liquidity.
Unfortunately, the process of providing such a credit is often too long. It’s
cumbersome, unwieldy, costly and error strewn. To make things worse, usually only large
invoices from well established companies are taken as collateral due to the massive
amounts of work involved in checking each invoice and the scope for duplication and
human error. The calculation of contras, debtor concentrations and dilution levels, all
of which can have a significant effect on the amount of credit available, takes time,
effort and incurs higher costs.
Our invoice discounting solution utilizes the
power of Blockchain to enable businesses to upload their financial data on the chain and
only share it with the entity they wish to show the data.
This enables Banks to quickly assess the risk
and accordingly disburse the credit in a quick and efficient manner.
EXPLORE BLOCKCHAIN USE CASES
We established a Blockchain Centre of Excellence in 2016. Our team has continuously focused on using blockchain to tackle key challenges of industries like BFSI, Agriculture, Aviation and Governments.
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Bringing back insurance in a very cost efficient way by allowing individuals to form groups that can share risk at affordable costs.
Aviation Supply Chain
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Subsidy Distribution
Public Distribution System with assured and accurate end utilization enabling transparency, Traceability & Standardization.
Crisis Fund Distribution
A global common ledger for raising, allocating & distributing aid, donations and grants during times of crisis.
P2P Energy Trading
Blockchain platform for P2P energy trading with turing complete solar panel meters and bidding system.
Invoice Discounting
A DLT solution for Banks, Manufacturers and their Vendors to majorly reduce processing timeframes.
Immutable Audit Trail
A DLT solution for moving ahead of RDMBS implementations to store Trail data on an immutable, trusted ledger.
Tokenized Fund Transfer
Domestic Fund Transfer on Blockchain for emerging markets to tackle Inclusion without last-mile bank branches.
Bank Reconciliation
A DLT solution for bank reconciliation eliminating an age-long of different statement formats of different banks.