Blockchain for Procure to Pay – Fastened Monitoring and Disbursement
Procure-to-Pay (PTP) products help you connect with one or more service/product providers. With tons of identification processes, invoices, budgets, stakeholders, and payment settlement management. Furthermore, it involves budgeting, identification, invoicing, payment settlements, and it can get extremely complex.
It is extremely vulnerable to frauds process inefficiencies and can lead to operational issues. The traditional procure-to-pay process is time-consuming suffers from reconciliation issues and data duplicacy.
But with blockchain technology, you can disrupt PTP processes and get access to provide operational benefits like better security and efficiency in transactions. Furthermore, blockchain in procurement can reduce your workload by automating the exchange of information.
At Prolitus, we harness blockchain and create solutions that cover end-to-end processes across the PTP processes. From scanning and processing invoices, funds management, and data management to ensuring on-time payment while maximizing value, Prolitus aims to. The best part is that it will help you reduce the cost of operations.
So, don’t wait any longer and connect with our experts today!
Benefits of Using Our Blockchain-Based Procure-to-Pay Solution Development Services
Simplified User Onboarding
Blockchain-driven KYC will accelerate user onboarding and provide a repository of verified user documents that the requester can easily access.
Easy Validation and Authentication
Blockchain lets you distribute and authenticate rights along the procure-to-pay chain. This, in turn, will enable fraud prevention and augment security across the lifecycle of the PTP process.
Smoother Invoice Processing
When you exchange invoices using blockchain, your customers get access to shared data, and it eliminates the need for invoice scanning. The authorized parties can then review transactions without reconciliation.
Complete transparency and real-time access to information eliminate the need for reconciliations. This is a great opportunity to reduce turnaround times and reduce the settlement time.
More Trust among Stakeholders
Shared public IDs and fair ratings are assigned to participants based on the reliability of the vendors, quality of products, and timely payment of invoices. Moreover, transparent transaction history brings trust and transparency to the PTP process.
Eliminate Money Laundering Risk
With real-time access to transaction data, it will become easier to identify suspicious transactions and say goodbye to money laundering.
Features of our Procure-to-Pay over Blockchain Solution
Our blockchain-based supply chain solution is packed with market-leading features to deliver high performance.
Security Features Offered By Prolitus
Smooth HTTP Authentication
Seamless Data Encryption
With the latest data encryption techniques, user credentials are always safe, and there is no leakage of confidential information.
The provision of jail login prevents hackers from making multiple login attempts.
Anti-Denial of Service (DoS)
Advanced Cross-Site Request Forgery (CSRF) Protection
It will help you protect your solution from unwanted user actions and state-changing requests.
Server-Side Request Forgery (SSRF) Protection
It will protect your internal systems from attempts made by pregnable web applications.
HTTP Parameter Pollution Protection
Module to prevent you from web attacks that sent HTTP requests to access hidden information.
Smarter Escrow System
It will help you secure transactions between two parties and keep your records clean.
Why Choose Us?
Let’s say we understand blockchain as the back of our hand. So, if you are looking for blockchain-based procure-to-pay solution development services, Prolitus is undoubtedly your best bet.
- Mission-Driven and Cutting-Edge Services : We convert your mission and vision into reality by delivering the best blockchain in healthcare products.
- Technology-Oriented Solutions : We use the latest technologies to develop your products and give our best shot to market them.
- Reduced Development Cost : Prolitus uses the most productive methods and processes to get work done. We help you save time, resources, and the overall development cost.
- 24/7 Tech and Customer Support : Our customer support team is there to help you with the smallest of doubts at any given time.
We deliver procure-to-pay blockchain solutions that expedite transactions and help customers make good profits.