Digital B2B payments and financing solution

Challenge

• B2B payments are complicated, slow, inefficient, and unsecure for buyers and suppliers
• 65% of $40T annual B2B spend in North America is still settled via paper checks
• Supplier working capital is frequently tied in up in approved but unpaid invoices

Solution

• CoreChain delivers a digital B2B payments and financing solution for any buyer-supplier network, platform or marketplace in North America
• Faster and more efficient digital payments eliminate back-office expenses and reduce fraud

Why Corda?

• It provides an immutable source of truth for all transactions and facilitates settlement via both USD and tokenized digital assets

Results

• $300 million in B2B payments processed and counting
• 1000s of hours of back-office operations eliminated
• $35B annual spend under management
• Expanded operating hours with 24×7 transactions