What makes SOURCIFY unique?
End-to-end solution
SOURCIFY provides all tools and applications needed for fully supply systems to implement successful desired scope traceability. SOURCIFY provides a way for supply chain collaboration on a high level with end-to-end operational visibility and process control.
UNIQUE VALUE PROPOSITION
Sourcify will differentiate through the following unique value proposition:
Blockchain technology:
Data is stored in a decentralized way – cannot be lost or historically distorted
Scalability:
Worldwide end-to-end electronic document exchange process from raw supplier to final B2B buyer.
Monitoring:
Automated cross-participant verification of product delivery at every stage
Verification:
Automated confirmation (proof) of any delivery transaction in the factoring (funding) process
Security:
Secure big-data driven business intelligence for strategic planning and execution management
Problems & Solutions
SOURCIFY spotted problems in the supply chain industry and find a way to solve them using blockchain technology. With our solution, you can be sure to improve your supply chain processes.
THE PROBLEMS
Overloaded technology:
Merchants and suppliers have to use several products to support electronic invoicing.
Low automatization:
Significant number of merchants and suppliers are relatively far from digital invoicing and have to follow paper-based approach.
Mismatched ERP core systems:
Merchants and suppliers are using different structures and formats within their core ERP systems, which results in overcomplicated EDI to core system format matching
Data security concerns:
All stakeholders have various reasons to not wanting to share all data as it can be sold to competitors of merchants and suppliers or misused in some other ways.
Fraud concerns:
Factoring is the standard way to finance at each stage of the supply chain. Main risk for factoring companies is a fraud in delivery especially if the counterparties are at the beginning of the partnership.
THE SOLUTION - WHAT BENEFITS DO WE BRING
Supplier & Producer
✓ Significantly reduce delivery mistakes
✓ Ensure transparency and traceability across all processes
✓ Reduce accounting costs
✓ Larger volume of production and supply
✓ Paperless process (paper docs auto generation option is available if required by local law or government)
✓ Secure commercial data
✓ BI driven strategic planning and proactive ops
management
Logistics
✓ Significantly reduce delivery mistakes
✓ Ensure transparency and traceability across all processes
✓ Reduce accounting costs
✓ Paperless process (paper docs auto generation option is available if required by local law or government)
✓ BI driven strategic planning and proactive ops management
Factoring
✓ Speed up financing turnaround through access to supply chain process insights
✓ Fraud detection
✓ Ensure transparency and traceability across all processes
✓ Paperless process (paper docs auto generation option is available if required by local law or government)
✓ Paperless process (paper docs auto generation option is available if required by local law or government)
✓ Secure commercial data
✓ BI driven strategic planning and proactive ops management
Merchant
✓ Ensure right on time delivery
✓ Significantly reduce delivery mistakes
✓ Ensure transparency and traceability across all processes
✓ Reduce accounting costs
✓ Paperless process (paper docs auto generation option is available if required by local law or government)
✓ Secure commercial data
✓ BI driven strategic planning and proactive ops management