Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Procurement serves as the main avenue through which organizations engage with their external business counterparts. As both supplier and buyer networks continue to grow in complexity, the technology employed to navigate these networks often relies on outdated applications and processes. While procurement teams excel in negotiating contracts, they frequently face challenges when it comes to their implementation. Traditionally, the functions of legal, procurement, supply chain, and finance have operated in a fragmented manner, optimizing their own internal processes without cohesive integration, which is further complicated by conventional ERP systems that cannot efficiently manage business rules and volume discounts across various divisions, subsidiaries, and partners. This increasing complexity in contract execution requirements leads to significant contract leakage for large organizations, creating a disparity between the savings that are negotiated and those that are ultimately realized. Consequently, organizations must reevaluate their procurement strategies to close this gap and enhance efficiency.
Description
Symbiont Assembly™ is a blockchain framework designed for the creation and operation of decentralized applications, known as "smart contracts," which adhere to the highest levels of security, integrity, and availability, particularly in critical financial service scenarios. Utilizing state machine replication, Assembly™ ensures robust consistency and data availability while maintaining network decentralization and confidentiality. Smart contracts on this platform are crafted using SymPL™, a specialized language tailored for encapsulating intricate business logic within a decentralized digital ledger of financial transactions. The architecture guarantees that nodes maintain consistent views of shared application states, even with intricate privacy controls in place, eliminating the need for centralized authorities for data validation. Furthermore, through the implementation of end-to-end encryption, Assembly safeguards your confidential smart contract information, ensuring that only you and your counterparties are privy to the details of your transactions. This innovative approach empowers users to engage in secure financial operations while fostering trust and transparency in the ecosystem.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
EY
Country
United Kingdom
Website
www.ey.com/en_us/blockchain-platforms/contract-manager
Vendor Details
Company Name
Symbiont
Founded
2013
Country
United States
Website
www.symbiont.io/technology