sofoCap is a Blockchain and Smart Contracts based solution designed to streamline Supply Chain Financing. It has been built using permissioned protocol HyperLedger and uses Smart Contracts for digitizing processes
By implementing sofoCap, lenders and financiers can facilitate the processes of Bill Discounting and Channel Financing with greater transparency on invoices and lesser risk. It creates a network where the supply chain ecosystem partners can trade with more transparency, automation and data availability.
sofoCap solution significantly increases transparency for all supply chain ecosystem participants by providing real-time and reliable view of every transaction happening in the ecosystem.
Against well-known trade instruments such as PO’s, Invoices, Inventory Assets and Payment Obligations.
By utilizing “Trade Finance” instruments such as Factoring, PO Financing and Vendor Managed Inventory Financing.
By utilizing the underlying Smart Contracts for processes like loan repayment on the due date, loan disbursal, applying charges/fee, limit management, etc.
A complete process of onboarding of suppliers/customers on the platform with checks for KYC/AML, Credit Assessment, Risk Scoring, etc using 3rd party data integrations.
By utilizing the combination of data from customer input and 3rd party verified sources, sofoCap provides both Scorecard based and manual credit assessment.
once the buyer approves them, eliminating duplicate (“Double Spending”) and fraudulent invoices across the network.
so that the lenders can purchase parts of invoices to reduce risk.
and coordinate remittance information, since it immutably captures the data attached to each invoice.
since each invoice has been tokenized and its data is present on the Blockchain, there is no need to manually reconcile the invoices.
Automatically filter invoices based limit management, limit terms and credit policy reducing risk of errors and fraud.
Smart Contract enabled automated disbursal of funds and repayment. It also manages the overdue penal charges, interest, etc.
as it eliminates manual paperwork, automates various supply chain financing processes and trigger alerts and notifications based on pre-defined criteria.
since it creates a transparent and secure ecosystem among the various supply chain participants like suppliers, anchors, dealers, logistic companies, and lenders.
Buyer’s robust discounting offer workflow where multiple lenders can pitch for the invoices thereby creating competition and risk-based pricing.
sofoCap has been designed keeping in mind challenges faced by a lender while financing a supplier or dealers in both Anchor based or non-anchor based supply chain financing. With a strong team of developers & subject matter experts, we are looking to collaborate with organizations to help them ease complexities, educe cost, manage risks better and adhere to compliances and policies.
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