sofoCap – Seamless Invoice Discounting
A Blockchain-based solution that helps enterprises to ease complexities of Supply Chain Financing and reduce cost by eliminating manual processes.
sofoCap is a Blockchain-based solution designed to streamline Supply Chain Financing. It has been built on HyperLedger and uses Smart Contracts for digitizing processes.
By implementing sofoCap, businesses can facilitate the processes of Bill Discounting and Channel Financing. It creates a platform where trade partners can interact with each other without any restrictions or reservations, in a transparent ecosystem.
Key Features sofoCap are:
Builds Trustworthy Supply Chain Ecosystem
Our solutions significantly increase transparency for all stake holders by providing real-time and reliable view of every transaction happening in the ecosystem
Facilitates Lending by Financiers
Against well-known trade instruments such as PO’s, Invoices, Inventory Assets and Payment Obligations
Enhances Liquidity of the Collateralized Assets
By utilizing "Trade Finance" instruments such as Factoring, PO Financing and Vendor Managed Inventory Financing
Automates Execution of Contracts in Real Time
By utilizing the underlying Smart Contracts based on pre-defined data triggers such as "due date for loan repayment."
sofoCap helps suppliers and banks in the lending process by:
- Tokenizing invoices, once the buyer approves them, eliminating duplicate (“Double Spending”) and fraudulent invoices across the network.
- Splitting-up payables, so that the lenders can purchase parts of invoices to reduce risk
- Eliminating the need to track, and coordinate remittance information, since it immutably captures the data attached to each invoice.
- Auto-reconciliation of invoices, since each invoice has been tokenized and its data is present on the Blockchain, there is no need to manually reconcile the invoices.
- Filter approved invoices based on credit policy.
- Auto-Disbursal & Auto-Repayment using Smart Contracts.
- Cost Reduction, as it eliminates manual paper work.
- Streamlining processes, since it creates a transparent, yet secure ecosystem.
- Discounting Offer Workflow – the earlier payment is made, the greater the discount realized for the buyer.
sofoCap has been designed keeping in mind challenges faced by a lender while financing a supplier. With a strong team of developers and project managers, we are looking to collaborate with organization to help them ease complexities and reduce cost.