Unified Platform for Open Account and LC Transactions

Eliminate manual data entry and reconciliation errors by having all parties—buyer, seller, banks, logistics—operate from a single, immutable ledger. This creates a shared source of truth for purchase orders, invoices, shipping documents, and payments.

• Example: A multinational manufacturer reduced invoice reconciliation time from 15 days to near-instant, freeing up 3 FTEs for strategic work.
• Result: Near-100% data accuracy and elimination of costly disputes over document discrepancies.

Smart contracts automate the execution of trade terms, slashing processing times from weeks to hours. Automated compliance checks and conditional payment releases (e.g., upon Bill of Lading upload) remove manual bottlenecks.

• Typical ROI: Companies report a 60-80% reduction in administrative costs per transaction.
• LC Specific: Digital, blockchain-based LCs can be issued and confirmed in minutes versus 5-10 business days, improving working capital efficiency.

Every action, amendment, and approval is timestamped and cryptographically sealed on the blockchain, creating a tamper-proof audit trail. This is invaluable for internal audits, regulatory reporting (e.g., Anti-Money Laundering, KYC), and resolving disputes.

• Business Justification: Drastically reduces the cost and time of internal and external audits.
• Real-World Impact: A global commodity trader cut its audit preparation time by 70% by providing regulators with direct, read-only access to the transaction ledger.

CFOs and treasury teams gain real-time visibility into the status and value of all in-progress transactions (both open account and LC). This enables proactive liquidity management and better forecasting.

• Key Benefit: Predict cash flow with greater accuracy by tracking approved invoices and payment triggers in real time.
• Example: A distributor used this visibility to optimize its discounting decisions on payables, improving its annual cash position by millions.

The immutable nature of blockchain and the use of digital identity verification significantly reduce fraud risk. Smart contracts ensure funds or title documents are only released when all predefined conditions are verifiably met.

• The Pain Point: Traditional trade is plagued by document fraud (e.g., duplicate Bill of Lading).
• The Blockchain Fix: A unique, non-replicable digital asset representing the title eliminates this risk, protecting all parties.

Regulators demand immutable proof of transactions, origin of goods, and sanctions compliance. Blockchain provides a tamper-evident ledger that logs every step—from purchase order to final payment—creating an audit trail that is both transparent and secure.

• Compliance Benefit: Simplifies KYC/AML checks and provides verifiable proof for ESG and supply chain due diligence.
• Risk Reduction: Mitigates fraud risk in multi-party transactions by making alterations immediately apparent.

Businesses often use a mix of Letters of Credit (secure but slow) and Open Account (fast but risky). A unified platform allows for hybrid instruments, like a blockchain-backed payment commitment that offers the security of an LC with the speed of open account.

• Strategic Flexibility: Dynamically adjust trade terms based on counterparty risk scoring visible on the network.
• Real-World Application: Major commodity traders use this model to trade with new partners in emerging markets without traditional bank guarantees.

The future of trade is tokenized. A unified platform built on blockchain is ready to integrate digital currencies and tokenized assets. This prepares your finance stack for instant cross-border settlements and programmable money, avoiding another costly platform overhaul.

• Forward-Looking Benefit: Positions the enterprise to leverage Central Bank Digital Currencies (CBDCs) for near-zero cost settlements.
• Competitive Edge: First-mover advantage in a market moving toward asset digitization.

A major European automotive manufacturer reduced its reconciliation time from 14 days to near real-time by digitizing open account transactions on-chain. This eliminated manual data entry errors and the associated dispute resolution costs, which previously accounted for ~15% of their finance team's workload. Key benefits include:

• Automated matching of purchase orders, invoices, and payments.
• Immutable audit trail for every transaction, slashing dispute resolution time.
• Direct ROI from reduced operational overhead and faster cash application.

A global agricultural commodities trader streamlined its Letter of Credit (LC) workflow by moving documentation and approvals to a shared ledger. By enabling all parties (buyer, seller, banks) to view and verify documents simultaneously, they cut the average LC issuance and amendment cycle from 3-4 weeks down to 48 hours. This directly improved their working capital efficiency and reduced banking fees. The platform ensures:

• Real-time visibility for all stakeholders.
• Secure, tamper-proof document presentation.
• Faster settlement, enabling more transactions per quarter.

A multinational retailer used the platform's tokenized invoice capability to offer its suppliers early payment options through a decentralized network of funders. This improved supplier relationships and stabilized their supply chain. Suppliers gained access to liquidity at competitive rates, while the buyer extended payment terms without straining partners. The result was a win-win liquidity solution that:

• Increased supplier retention by 22%.
• Generated new revenue for the buyer's treasury via program fees.
• Provided auditable proof of ESG and supplier support initiatives.

A pharmaceutical company facing stringent regulatory scrutiny for cross-border shipments adopted the platform to create an immutable record of all trade documents. This provided regulators with instant, verifiable proof of origin, handling, and compliance at every step—turning audits from multi-week ordeals into simple data reviews. The blockchain-based system ensures:

• Automated compliance checks against sanctions lists and trade regulations.
• Permissioned visibility for customs and authorities.
• Dramatic reduction in audit preparation time and risk of penalties.

A Fortune 500 industrial conglomerate deployed the platform without disrupting its core SAP and Oracle ERP investments. Using standard APIs, they connected their existing procurement and finance modules to the blockchain network, enabling a phased, low-risk rollout. This approach minimized upfront cost and maximized user adoption by keeping familiar interfaces. The integration delivered:

• No 'rip-and-replace' of legacy systems.
• Bi-directional data flow between on-chain smart contracts and ERP records.
• A clear path to scaling from pilot divisions to the entire global organization.