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features
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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and buyer networks continue to grow in complexity, the technology employed to navigate these networks often relies on outdated applications and processes.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

API Access

Has API

Screenshots View All

Screenshots View All

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

Applicature

Country

United States

Website

applicature.com/solutions/milestonebased/

Product Features

Product Features

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