02 Mar Innopay and voldaan offer ‘track and trace’ for invoices
Dutch startup voldaan offers a new, unique and transparent way for small medium enterprises to keep track of their outstanding invoices. In the solution developed by innopay and voldaan, funded by Topsector Logistics, the SMEs financier can track and trace outstanding invoices from clients and thus make better assumptions about the available working capital. Furthermore this allows them to operate more efficiently and make the financing of smaller invoices economically viable. The new system is beneficial to buyers as well as it gives them a more stable supply chain and enables them to pay later. Customers are free to choose if they want to use this system as upon receiving their order they need to authorize for the financier to look into their data.
This proof of concept which has been developed between November 2015 and January 2016 is now open for further participation and development. It will be extended with more sellers, financiers, buyers and ERP solutions. Next to this, the service will also expand physically, starting with Germany and Italy. Attention will also be given to how the service can be integrated with existing systems. The makers hope as the ultimate goal to once make this standard part of the ISO20022 suite (www.iso20022.org ) of financial standards.
More details about voldaan? Check out the slides about the project here and here.
