Kanexa is a digital B2B platform that automates the procure to pay workflow for buyers and suppliers in the global supply chain. Kanexa automatically matches invoices with purchase orders and logistics data checked against Smart Contracts defined by the buyer. When an invoice is approved payments to suppliers are made automatically.
A Smart Contract is a set of rules specified by the buyer on an Open Account Program. Kanexa checks all the rules in a Smart Contract for each invoice submitted and can automatically approve an invoice that satisfies all the rules. When one or more rule is not satisfied the invoice is marked as discrepant.