Smart Payable and Receivables contracts incorporate your business rules to automate transactions...

SMART PAYABLES AND RECEIVABLES CONTRACTS

Using a shared ledger on a permissioned blockchain platform enables secure "smart contracts" - contracts that self execute when conditions are fulfilled based on predefined rules. This enables automation of routine transactions between trading partners based on their specific pre-negotiated terms and discounts.

Events that do not fall within the parameters defined by the rules automatically generate exceptions - which can be handled automatically by artificial intelligence or manually through a web portal.