Kanexa is an automated procure-to-pay platform that manages the buyer-supplier transaction life cycle.
Kanexa supports Open Account trading arrangements, where buyer controlled Smart Contracts are used to automatically validate and approve supplier invoices. Manual intervention is only necessary when an invoice does not satisfy the rules in the Smart Contracts.
Smart Contracts: our smart matching tool checks and approves invoices for payment in seconds against purchase orders and logistics data. You just need to share an invoice to Kanexa to get started, which can be done at the click of a button. Any matching issues will be instantly flagged on your platform so you can sort them with your buyer to keep things moving. Once your invoice has been paid, it will update to ‘Closed’ in your Invoice log, so you’ll always know your payment status.