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.
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