Hello to everyone this is my second english article so I would like you to tell me if I have mistakes. I expect your help and support. We are aware that small businesses have many problems. The most important of them is the cash flow problems. At the same time,
long-term credit conditions cause trouble for small businesses . This project is focus on solving the problems of small businesses.Let's take a look
Instasupply aiming to improve how quickly businesses pay and get paid. InstaSupply is a cloud platform which allows business to track and control spend across suppliers. They bring together purchase ordering, confirmation of workflows, budget control, tracking to your shipments,supplier and product management,secure invoice & bill of sale, credit archive and data collection, accounting agreement and payment control.
I would like to tell about The Payment Process. Before addressing the pain of payments faced by small businesses, it is very important to first understand to B2B payment process. In B2B payments businesses manage both send and receive sides of the comparison. This process spans days—sometimes months—before it is completed. In general accounting, the symmetry of this interaction is that one company’s payable is always another company’s receivable.
It’s like; PURCHASING-ORDER MANAGEMENT-LOGISTICS : RECEIVING - LOGITICS: SHIPPING-FINANCE: PAYABLE-FINANCE:RECEVIABLE
There is a Late Payment Problem. %30 of Small businesses name late payment processing times as a major issue. Because it’s take TIME!!! And around %47-%50 of businesses are paid late. Payment delays result form intentional delay by customers etc.
In America %51, in Asia Pacific %46, in Europe %42, small businesses have late payments. Are you own a business? Are you get paid late? InstaSupply is going to help to you.
Small businesses have 20 trillion dollars plus in outrageous receivables, take an average of 60 days to get paid, with %50 still paid late. Options far solving this challenges are expensive. Let’s think about that. It’s too much. Because of getting paid late, over %50 businesses have receivables. Let’s see how they’re gonna fix this.
InstaSupply is already involved in tracking and reducing this kind of issue. The InstaSupply platform is already supporting the trade of over 2300 businesses, and is growing daily.
By allowing these businesses to match purchase orders to deliveries, and finally to bills, they provide them with an convenience to control which bills(invoice) should be paid and which require further investigation.
With their Payment Run product, businesses can group together the approved invoice,confirm any outstanding supplier credit and achieve a list of payments to be made to suppliers through their traditional banking services.
Cut the cackle, with over 2000 businesses using the platform and over 50 million dollars of invoices passed through InstaSupply on an annual basis. By creating a business network between buyers and suppliers, the platform collects data from both sides.
When invoice is approved InstaSupply receives cash. Automated approval is a vital part of this project.
Of course, I am going to talk about PayBlok tokens. This is a crypto-asset thats allows its owners/holders the Access to benefits inside this Project. It will be developped under the ERC20 Token Standard. As an asset, these will be subject to sales taxes according to each market.
PayBlok creation enables InstaSupply to offer solve the problems bu SMBs as outlinde in section 3 problems.
An Integrated Payment Solution
Supply chain financing
Asset-Based Lending
You can find all of this and Factoring,Bank loans,Dynamic Discounting,Marketplaces,Implementation,Their Sale,Their Leadership and Roadmap in their site. Thank y’all for reading this text and supporting me and this Project. May the love be with you. Regards
Website: https://payblok.instasupply.com
Whitepaper:https://payblok.instasupply.com/documents.html
Twitter :https://twitter.com/instasupply
Facebook :https://www.facebook.com/instasuppl
