How the Blockchain revolution is transforming OTC

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How the Blockchain revolution is transforming
OTC
Last updated on January 31, 2020 Dash
Technologies Inc Block Chain
Smaít contíacts aíe simply the coded píogíams
that automate tíansactions based on contíactual
teíms. Similaí to tíaditional contíacts, smaít
contíacts even depend on two paíties accepting
the teíms. But a distíibuted ledgeí enviíonment
like the Blockchain manages these teíms. Hence
it is of no suípíise how a single distíibuted
ledgeí technology íevolutionizes Business 2
Business commeícial dealings with smaít
contíacts. Cíeating a digital
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• buyeí-selleí íelationship contíact and placing
  the teíms on a distíibuted ledgeí makes possible
  to automate eveíything íight fíom oídeí placement
  to account settlement, despite contíactual
  complications.
• OlC is significantly essential to all enteípíise,
  a place wheíein the commeícial wheel knocks the
  íevenue highways. Heíe the sales and maíketing
  effoíts not only tuín into completed oídeís but
  also, ultimately íeceiving money into the bank.
  Moíeoveí, it is even about deliveíing supeíioí
  customeí satisfaction. lo sum up, smaít
  contíacts will entiíely íedesign tíaditional
  contíacting and the oídeí-to-cash (OlC) píocess
  and at the same time defeat all the
  inefficiencies that most B2B oíganizations aíe
  facing cuííently.
• Until now most laíge B2B oíganizations yet
  encounteí significant challenges in the
  cíoss-functional píocesses of smaít contíacts and
  OlC, wheíe inefficiencies oí inaccuíacies occuí
  in total íevenue. Due to lack of synchíonization
  between píoduct and píice masteí data, along
  with incomplete calculations of discounts in off-
  invoice, bíing in píicing discíepancies and
  customeí invoice disputes. Extía manual effoíts
  aíe íequiíed to manage and íesolve such common
  scenaíios. lhis fuítheí íesult is heavy delays
  in invoice settlement enoímous costs incuííed on
  the collection, and has consideíable negative
  effects on cash flows. Actually, many
  oíganizations spend about 60 of total OlC
  effoíts in managing exceptions and íesolving
  disputes caused by billing discíepancies.
• Lets just visualize a woíld wheíe
• Both píoduct píice and discount aíe
  simultaneously calculated automatically and
  accuíately consideíing all available data.
• lhe visibility of all tíansactions is spíead
  alike, totally íecoíded and authenticated in
  íeal-time, with complete audit tíack and
  cent-peícent
• compliance.
• Foí fiíst time and all times íeceivables aíe
  accuíately geneíated, and íequiíes no valuable
  people houís to be invested in analyzing and
  íesolving píicing and
• invoicing disputes.
• Cash applications oí deductions management no
  moíe needed.

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• Accounts payment aííives on time and in full and
  íequiíes no action fíom customeís end.
• Smaít contíacts may seem too good to be tíue, but
  actually the technology is all set to put them
  to íeality. And hence veíy much convinced about
  it to be soon the new OlC standaíd foí all
  advanced thinking oíganizations.