sofoPay- Blockchain based Procure to Pay (P2P) Solution by Sofocle
Loading

sofoPayProcure-to-Pay Solution

A Blockchain-based solution that helps enterprises to ease complexities of procure to pay and reduce cost by eliminating manual processes.

Book a demo
sofoPay Procure-to-Pay Solution

sofoPay is a Blockchain-based solution designed to streamline Procure-to-Pay process.It has been built on HyperLedger and uses Smart Contracts for digitizing processes.

By implementing sofoPay, businesses can facilitate the processes of making payments to vendors and partners in highly automated manner. It creates a network where trade partners can interact with each other without any restrictions or reservations in a transparent ecosystem.

See how sofoPay process is different from traditional processes

Back to Traditional Process

sofoCap Process
See how sofoPay makes this process secure, transparent and efficient

See how sofoPay process is different from traditional processes

Traditional Process

Traditional Process
See how sofoPay makes this process secure, transparent and efficient
See How

sofoPay helps enterprises in procure-to-pay process by:

  • Builds Trustworthy Supply Chain Ecosystem

    Builds Trustworthy Supply Chain Ecosystem

    Our solution significantly increases transparency for all stakeholders by providing a real-time and reliable view of every transaction happening in the ecosystem.

  • Facilitates discounting by Buyers or Financiers

    Facilitates discounting by Buyers or Financiers

    Against well-known trade instruments such as PO’s, Invoices, Inventory Assets and Payment Obligations.

  • Enhances Liquidity of the Collateralized Assets

    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

    Automates Execution of Contracts in Real Time

    By reconciling the various documents like PO, GRN, Delivery Receipt and Invoice for auto-approval of invoices.

sofoPay has been designed keeping in mind challenges faced by an enterprise while managing payments against an invoice. With a strong team of developers & project managers, we are looking to collaborate with organizations to help them ease complexities and reduce cost.

Blog

© 2018 Sofocle Technologies (OPC) Pvt Ltd.

Secured By

This website uses Cookies to ensure the best experience for you. OK