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.
Our solutions significantly increase transparency for all stake holders 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 based on pre-defined data triggers such as “due date for loan repayment.”
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.
as it eliminates manual paper work.
since it creates a transparent, yet secure ecosystem.
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 & project managers, we are looking to collaborate with organizations to help them ease complexities and reduce cost.
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1st Prize for sofoCap in the category 'Supply Chain Finance Challenge; at 'Blockchain Busines Conference, Vizag - An Initiative by Government of Andhra Pradesh.
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