This e-book is an actionable summary of how A/R teams in B2B companies could leverage blockchain to transform their business processes
As evident from the name, blockchain is a chain of blocks, where each block consists of transaction data and is connected to its previous block. Blockchain as a technology operates on two fundamental concepts:
It is a shared, distributed ledger that facilitates the process of recording transactions and tracking cash flow in a business network. Through this ledger, an immutable record of all transactions is present on the blockchain for all participants to access.
It is a set of computer instruction (code) that all the participants must agree. This code acts as a trigger which on successful validation of data, is converted into a block and written into the blockchain.
Order-to-Cash in Postmodern ERP Environment: Are You…
An insightful summary of what you should look for in SaaS O2C solutions…
Credit and A/R: AI Automation Shopping Guide…
4 world class GPOs from Cargill, Air Products, Keurig Dr Pepper and Danone …
75% Reduction In Past-Due Invoices: The Digital…
Back in the day, when Shurtech started exploring A/R automation, their primary objective…