Global Process Owner - Finance Payout
Main Conference Day One | Thursday, June 27, 2019
Thursday, June 27th, 2019
Most payment processes consist either of manual paper processes or file/e-documents exchanges involving multiple parties. The payment cycle takes days to complete, and any exceptions or errors will further delay the process. The distributed ledger nature of blockchain establishes the prerequisite of connecting all the parties in a financial transaction in real time and simultaneously, opening up the possibility of processing the payment across all sides at the same time while supporting an audit trail and reducing the chances of fraud or security breaches.