InvoiceMate

InvoiceMate is an Invoice Management System on Blockchain that is designed to strengthen trust and automation at each point of the invoice processing, payment & financing processes. The heart of the solution is a blockchain network that serves as a single source of truth that is visible to all the concerned parties.

Differentiating features include:

Blockchain Security Seal - By design, blockchain-based InvoiceMate enables trust into every entry via attributes not available in standard database models thus boosting security for data & workflow integrity.

Workflow Automation - Allows unlimited invoice reviewers, approvers in the configurable cross-organizational invoice approval workflow. Optimize workflow by enabling automated invoice routing, removing redundant processes & revamping or replacing inefficiencies.

Brandable Mobile App - Besides web portals, InvoiceMate comes with the option of brandable mobile apps for both Vendors & AP sides. Vendors can submit & track invoices and AP can perform tasks of reviewing & approving on the go. Both apps have an insightful dashboard.

AI Optimized Intelligent Invoicing - Has a continuously-adaptive, integrated invoicing intelligence engine that acts as an assistant to expose issues and processes that could use more attention. It reduces productivity-damaging errors and detects discrepancies across the entire payables cycle. Will also assist in scheduling, escalation, and AP data analysis.

Proof of Authenticity and Transparency - provides transparency into the invoice processes and helps enable to improve key areas of the cross-organizational workflow. Can immediately verify any tampering with data.

Process Integrity - Maintains complete audit trail of every task, as well as the decisions and outcomes of the workflow. Simplifies and reduces the costs of compliance reporting.

System Resilience - Blockchain based distributed architecture of InvoiceMate is resilient & would continue working if one system’s section is under breakdown, upgradation or maintenance.