Streamline your accounts payable process with secure, transparent, and efficient vendor payments powered by blockchain technology.
DALPS Flow's Vendor Payments solution leverages blockchain technology to create transparent, automated, and secure accounts payable processes.
Our blockchain-based vendor payment system eliminates manual processes, reduces errors, and provides complete transparency for all stakeholders. Each vendor relationship, invoice, and payment is recorded on the blockchain with smart contract automation.
From small businesses to enterprise organizations, our solution integrates seamlessly with existing accounting systems while providing the security, efficiency, and transparency of blockchain technology.
End-to-end solutions for modern accounts payable management
Automatically process vendor invoices with smart contract validation and approval workflows.
Automatically match invoices with purchase orders and delivery receipts for accuracy.
Maintain verified vendor profiles with payment terms, preferences, and performance history.
Schedule payments according to vendor terms and cash flow requirements.
Process payments in various currencies with automatic conversion and settlement.
Maintain immutable records of all vendor transactions and payment history.
Streamlined process from invoice receipt to payment settlement
Receive and digitize vendor invoices with blockchain verification of authenticity.
Automatically validate invoices against purchase orders and route for approval.
Process payments according to vendor terms with smart contract execution.
Settle payments and record transactions immutably on the blockchain.
Why smart contract-based accounts payable outperforms traditional systems
Protect against invoice fraud with blockchain verification and tamper-proof records.
Automate invoice processing, approval workflows, and payment execution.
Provide vendors with transparent access to invoice status and payment timelines.
Automatically capture early payment discounts through timely processing.
Optimize payment timing based on cash flow requirements and vendor terms.
Provide auditors with immutable records of all vendor transactions and approvals.
How organizations are transforming vendor payments with DALPS Flow
Manufacturers use our system to manage complex supplier networks with automated payment terms.
Retailers streamline payments to hundreds of suppliers with centralized management.
Construction companies manage subcontractor payments with verified milestone completion.
How blockchain smart contracts power our vendor payment solution
Our Vendor Payments solution utilizes advanced smart contracts that automate and secure every aspect of accounts payable management. Each vendor relationship is governed by a smart contract that contains payment terms, approval workflows, and settlement conditions.
These contracts automatically validate invoices against purchase orders, route them through approval processes, execute payments according to predefined terms, and record all transactions immutably on the blockchain. The system enforces business rules while maintaining flexibility for exceptional cases.
The smart contract ecosystem also includes features for vendor onboarding, performance tracking, and dispute resolution, creating a comprehensive framework for modern supplier relationship management.
View Smart Contract Code
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Everything you need to know about our blockchain vendor payment system
Our blockchain system prevents vendor payment fraud through multiple mechanisms: 1) Immutable records prevent alteration of payment details after execution, 2) Smart contract validation ensures payments match approved invoices and purchase orders, 3) Multi-signature requirements for large payments prevent unauthorized transactions, 4) Vendor identity verification through blockchain authentication prevents impersonation, and 5) Complete audit trails make fraudulent activities easily detectable during reviews. These features work together to create a secure environment that significantly reduces the risk of payment fraud.
Yes, our smart contract system is designed to handle complex payment terms. You can configure various payment conditions including standard terms like net-30, discounted terms like 2/10 net-30 (where vendors get a 2% discount if paid within 10 days), and milestone-based payments for project work. The system automatically calculates payment dates, applies discounts when eligible, and processes payments according to the configured terms. For milestone payments, the system can integrate with project management tools to verify completion before releasing payments.
Our vendor onboarding process includes several verification steps: 1) Business identity verification through official registration documents, 2) Banking information validation through secure verification services, 3) Tax compliance checking with W-9/W-8 forms or equivalent international documents, 4) Risk assessment through integration with third-party screening services, and 5) Smart contract creation that encodes the specific payment terms and conditions for each vendor. Once onboarded, vendors receive blockchain-based credentials that they use for all interactions with your organization, ensuring secure and authenticated communications.
Our system includes a structured dispute resolution process: 1) Disputed invoices are flagged and moved to a special review state, 2) Both parties can add comments and supporting documents to the blockchain record, 3) The system facilitates communication between your team and the vendor, 4) If resolution is reached, the invoice can be reprocessed with the agreed modifications, 5) All dispute activity is recorded on the blockchain for audit purposes. For complex disputes, the system can integrate with third-party mediation services. The immutable nature of the blockchain record ensures that both parties have access to the same information during the dispute process.
Yes, we provide comprehensive API integration with popular ERP systems (like SAP, Oracle, Microsoft Dynamics) and accounting software (like QuickBooks, Xero, NetSuite). The integration allows for bidirectional synchronization of vendor data, purchase orders, invoices, and payment records. Our system can either serve as the primary accounts payable platform or complement existing systems by adding blockchain security and automation features. We also offer pre-built connectors for common platforms and can develop custom integrations for proprietary systems.
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