Procure to Pay

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

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Ready-made Products

Through our years of innovations across multiple industries, we have developed ready-made products that can help organizations evolve and move towards Blockchain based ecosystems preview screen.

NEXTRADE


Explore Blockchain products

INSTACHAIN
INSTACHAIN – Avanza’s Blockchain based Reconciliation & Settlement Platform is an inter-organization solution that helps organizations reconcile financial and non-financial transactions and records in real time through a trust-based network. The solution is available in both on-premise as well as cloud models.
FIDELITY
FIDELITY – Blockchain marketplace based on tokenization of loyalty points is the future of customer retention. The desire of a customer to earn and redeem is well addressed in our Blockchain marketplace solution, FIDELITY.
ASSURE
ASSURE – Avanza’s Bank Trust Network solution, based on cutting edge Blockchain technology, is a next-gen solution to an age-old problem of document exchange, verification and compliance within banks, its customers and beneficiaries.
CONSONANCE
Consonance is an eKYC blockchain empowered platform which provides end-to-end KYC requirements and ensures digital execution of the process. By bringing the key actors of the KYC process and converting the KYC workflow into smart contracts, it leads to higher efficiency of the overall ecosystem.
TRADEBRIDGE
Trade Bridge is an industry-wide platform that enables banks to verify duplicate financing frauds and address numerous financial crime risks associated with trade finance transactions.

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