What does SupplyBlock do?
Blockchain-Powered Technology Solutions
Proactive and early warning notifications alert users of expiring documents, key cut-off dates and incomplete information – thereby enforcing compliance throughout the automated process.
Holistic Technology Solution
Both RFX originator and bidder use the same platform to ensure a holistic procurement solution that services the full procurement value chain.
Secure Audit Trail
The ability to audit and track transactions across the entire end-to-end process (blockchain logged) ensures operational excellence.
Integrated Decentralized Ledger Technology
Provides evolutionary advantages with regards to process and data integrity.
Platform configuration is template driven…it is easily customizable and offers specific components on a modular basis depending on the user’s requirements.
Advanced scoring and reporting mitigates risk of manipulation and corruption.
SupplyBlock technology solves problems associated with supplier verification, categorization and active compliance through a combination of manual and automated verification processes.
SupplyBlock provides an innovative, easy-to-use blockchain integrated technology platform that is both process & cost efficient, secure and completely auditable across the entire value chain.
SupplyBlock technology limits risks associated with miss-spent funds and aligns procurement processes with complicated global and country specific macro requirements and challenges.
VENDOR RISK & COMPLIANCE
SupplyBlock’s Vendor Risk Assessment tool enables automated rating of service providers and the overall risk they pose to not only to the company but to their clients as well.
business-to-business solutions platform
A dynamic interface allows for easy configuration and customization. Modules are designed to be user friendly and efficient and can be deployed to meet ever-evolving business needs.
Features and functions
Over and above the core functionality, examples of Key Enhancements built into the system design include:
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The world economy is under distress. The ability of organizations to continue to provide business services in the face of adverse operational conditions is essential.
Solutions that can improve operational efficiencies and overcome traditional challenges such as corruption and gross mismanagement of funds are highly desirable.
auditable Transparent technology solutions
Our holistic solution allows suppliers to reduce their risk by using template-based forms which greatly reduce time taken to complete assessments and help in eliminating errors and omissions in their returns.
By combining Modules, organizations can further increase efficiencies for both the organization and Supplier by ensuring that the entire risk and assessment cycle becomes less prone to errors, faster, more efficient and 100% auditable.
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SupplyBlock has real-world international application across multiple industry sectors, along with a developed platform and pipeline of new business.