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and buyer networks continue to grow in complexity, the technology employed to navigate these networks often relies on outdated applications and processes.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
MilestoneBased empowers businesses to devise a financial strategy centered around specific milestones while facilitating the funding of these initiatives in a highly structured manner. By utilizing smart contracts, MilestoneBased implements milestone plans that remove human interference, ensuring that funds are disbursed strictly as agreed upon, creating a transparent and auditable process. This platform connects investors, entrepreneurs, and advisors, fostering a unified commitment to clear, established milestones. Each milestone, complete with its timeline, budget, and specifications, is securely recorded on smart contracts, rendering tampering impossible. The essential business operations are executed on the blockchain via these smart contracts, making alterations to prior records virtually unfeasible, with funds flowing in precise alignment with pre-programmed algorithms. This innovative approach not only enhances trust among parties involved but also promotes accountability and efficiency in financial planning.
API Access
Has API
No
API Access
Has API
No
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
EY
Country
United Kingdom
Website
www.ey.com/en_us/blockchain-platforms/contract-manager
Vendor Details
Company Name
Applicature
Country
United States
Website
applicature.com/solutions/milestonebased/