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NewProducts

Boost profits, zap fraud with

embedded B2B payments

Jeremy Potoka, founder of Presales Leader, commended
CoreChain Pay for its innovative approach to B2B commerce,
stating the platform has helped his company democratize
partner and supplier payments. "As a supplier customer
receiving payments, we're able to deal directly with our
entire ecosystem of business constituents, without the need
of an intermediary, making payments faster, cheaper and
more secure," he said in a statement. “It's how business-to-
oreChain Technologies launched an embedded business should be done.”
B2B payments network utilizing distributed led-
ger technology to automate direct-to-customer Building a better future
C payments. The company said the secure, digital,
cloud-based system is designed to eliminate paper checks, Noting that CoreChain is the first digital B2B payments
reduce fraud risk, simplify vendor payments and increase network to be built entirely on enterprise blockchain
profits. technology, company representatives said CoreChain
continues to grow its technology suite and professional
Chris Aguas, CoreChain co-founder and CEO, noted the networks to facilitate secure, agile and efficient B2B
platform can help transition Accounts Payable teams from payments. This approach outperforms legacy methods,
cost centers to profit centers. "CoreChain Pay eliminates they added, by enabling suppliers to finance working
many of the challenges that have long plagued finance capital that would have otherwise been tied up in approved
and AP managers," he said. "Managing payables is time but unpaid invoices.
consuming, and paper checks are messy and fraught
with fraud and inefficiencies. Enter CoreChain Pay, which Company representatives also mentioned that 65 percent of
offers a single, simple automated Payments Solution that the $40 trillion B2B payments market in North America is
uses your existing accounting system to pay your vendors processed via paper check. CoreChain, a SOC-2-compliant
digitally and earn an incentive at the same time." fintech company, is driving digital transformation of this
massive market through paperless, secure and efficient
Aguas further noted CoreChain Pay makes it easy to manage payments solutions. CoreChain has processed over $1
vendor payments processing using virtual payment cards, billion in payments across 240,000 suppliers, they added,
enhanced ACH and other digital methods. This can help and continues to expand its B2B payments network.
companies transition away from inefficient legacy "paper
checks," while navigating to modern digital payments and CoreChain said it delivers B2B payments and supply chain
enhancing security, he stated. finance solutions "in a box," which can be easily integrated
with any partner. The CoreChain Pay platform is designed
More than just AP to deliver an integrated payments solution to a range of
enterprises such as ERPs, marketplaces, software solutions,
Aguas pointed out that CoreChain Pay leverages financial institutions and neobanks.
blockchain technology to mitigate fraud risk and provides a
tamper-proof record for each buyer-supplier record, which "CoreChain's award-winning distributed ledger technology
provides an immutable source of truth for transactions with (DLT) automates the exchange of transaction data and
visibility to participants. He also noted that the CoreChain funds within a secure and trusted network environment,
Pay platform can help business owners and suppliers access empowering B2B marketplaces, B2B software platforms
working capital, which gives business owners, finance and banks," Aguas said. "We offer payments and financing
managers and executives better control of cash flow.
services to buyers and suppliers via our API-centric, white-
label platform."
CoreChain Pay's incentive program is also designed to
reduce the expense of payments by offering customers a
revenue share of payments flowing through the platform. Company: Mendix

Additionally, suppliers can accelerate invoices by as much as Company: CoreChain Technologies
120 days to receive payments before they are due, enabling Product: CoreChain Pay
businesses to further improve cash flow. Customers also
have optional access to lines of credit up to $1 million, Website: https://corechain.tech
based on payments volumes and purchase order histories. Contact: info@corechainb2b.com

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