NexTrade – Procure to Pay is a blockchain-based solution by Avanza that enhances transparency, trust, and efficiency across the procurement value chain, covering the full lifecycle from procure-to-pay to order-to-cash.
Demystifying The Future!
NexTrade – Procure to Pay is a Blockchain based solution designed and developed by Avanza to cater generational issues of transparency, trust, and efficiency in the value-chain of procurement. Our P2P technology is a one-stop solution to the needs of procurement lifecycle – be it procure to pay components or order to cash stage.
The power of Blockchain produces an efficient sourcing mechanism, utilizing transparent supplier selection process, end to end handling of contracts using smart contract features, purchase requisition to orders done automatically without any manual dependency or interference, and seamless invoice to payment processing.
The data stays highly secure and optimally managed with functionalities of off-chain and on-chain components of Blockchain. With legacy system agnostic adaptors and a plethora of readymade REST API interfaces, participants can on-board quickly and easily to the procurement network with no hassle of integrations and huge infrastructure investments.
What’s inside NexTrade
NexTrade is a blockchain-based solution that automates and secures the entire procurement process with seamless integration.
NexTrade Key Features
Fully automated procurement lifecycle with no manual intervention
Smart contracts for secure and transparent transactions
Hybrid blockchain architecture for secure, scalable data management
Easy integration via REST APIs and system-agnostic adaptors
NexTrade – Avanza’s Procure to Pay Platform
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