Xriba is a blockchain based company that adds transparency and accountability to token sales. The company works with partners to distribute funds made from token sales to companies that are still starting up and have a potentially bright future.
Xriba has a community that can be likened to the token distribution model. Their company carries out the review and analysis of the fund’s release schedule, oversees the distribution of funds to companies, and finally follows up on funds released.
The advantages of Xriba
Xriba offers businesses the possibility of automating billing processes, managing the relationship with customers and suppliers optimally and without intermediaries and freeing up time from low added-value tasks to focus on business development activities.
Security is another major advantage: using an automatic billing management system allows you to track every single payment within chains of blocks that remain unaltered over time, thanks to the technology behind Xriba, the Blockchain, for a fraud-proof database.
Xriba also allows users to be aware of the level of reliability of their business counterparts: through its decentralized system, it is possible to check the solidity and trustworthiness rating for each customer at any time by consulting the worldwide trust ranking.
Here’s why with Xriba the transparency of business relations becomes reality:
A Corporate Cash Flow Platform
The corporate cash flow platform of Xriba allows for a transparent analysis of funds sent to a token contract. The corporate cash flow platform to effectively function makes use of the blockchain artificial intelligence and decentralized wallet through the hash time locked contracts.
Improves Performance with the Blockchain
By making financial transactions much faster and easier between companies, Xriba improves the performance of the companies and makes the management of finances more effective. This is made possible because Xriba uses the blockchain and allows payments through a decentralized method.
How to pay invoices with Xriba
From theory to practice: this innovative corporate administration management software allows companies to first record and then pay all bills in a very simple way:
Each user has a personalized email address to send accounting documents to. Through a sophisticated optical reading system invoices are scanned, read and recorded in the application, automatically generating the payment schedule.
Upon expiry, personnel in charge of authorizing payments will receive a notification on their device to pay the invoice, with a simple click to confirm the transfer of the money.
Artificial intelligence is used on behalf of companies
Xriba’s potential is unlimited: in addition to an easy management of payments via Blockchain – which will take place by making use of cryptographic safety and cryptocurrencies’ dynamism – the software will make available to users the artificial intelligence to manage the invoices in an easy and automatic way.
Thanks to an OCR complex machine-readable and machine-learning system, recording invoices will be as easy as sending an email. After issuing an invoice in digital format to the e-mail address associated with Xriba’s Company account, the documents will be automatically filed within an in-house timetable.
Artificial intelligence software, with the help of a team of professionals, will take charge of every single invoice, and generate independently the whole set of payment dates.
Time can be converted to added value thanks to Xriba
All companies are nowadays forced to face a huge amount of working time to manage payments, invoices and, more in general, the business accounting.
There is so much bureaucracy which cannot be procrastinated and which, consequently, takes time out of added value activities, so very precious to increase the business and make each company on the market get off the ground.
Xriba plans to make changes by: the new innovative platform which will enable all cash management transactions to be automated, and by saving time and staff they will be then finalized to the company development.
Not only that: thanks to Xriba, transferring timings of financial resources amongst companies will be reset, in an easy, practical and above all, in a safe method. This is possible because of cryptography.
The innovative software will manage to register the whole process of payments and will automate all financial reporting practices making them remain always visible and available thanks to the unalterable Blockchain technology.
Xriba Uses a Decentralized Wallet
Xriba as a company working on the blockchain uses the hash time locked contracts to affect a decentralized wallet payment system. These companies working with Xriba’s token can make payments with other cryptocurrencies. This is an excellent method employed by Xriba, as it means they have helped companies eliminate the services of middlemen and escrow managers, as well as the high cost that comes with engaging their services.
The decentralized wallet of Xriba also means payments and transactions on the Xriba blockchain are well secured, this limits the activities of hackers breaking into firewalls of its companies, which originally characterizes the centralized payment system.
Managing corporate administration effectively is one of the greatest challenges of the future of technology applied to the business world. Xriba can now make this become a reality: this new software is designed to record transactions quickly and simply thanks to artificial intelligence, allowing you to automate payments of invoices and the receipt of proceeds from sales, exploiting the potential of the Blockchain.
This is a real turning point for entrepreneurs who want to give a concrete boost to their businesses: a solid company with great prospects is judged by how efficient the management of its whole accounting system is.
Above all, in today’s global market, where only 35% of companies meet payment deadlines, Xriba is the right choice to stand out of the crowd, as it is highly innovative and is designed to eliminate delays in payments and the need for constant reminders.