© 2019 The Block Ledger Pty. Ltd. All Rights Reserved. Strictly Private and Confidential
By Leo Huang
Daxin Global
October 2019
E-invoicing For SMEs in a cloud age
Contents
• B2B Transactions Outdated for SME
• E-invoicing Basic
• Advanced E-invoicing Platform
• What to Expect on the Macro Level
• Demo How E-invoicing Works
• E-invoicing on the Blockchain
• Blockchain Basic
• Demo How E-invoicing on the Blockchain Works
• Our Findings on the Micro level
• Looking into the Future
Problem Statement: B2B Transactions Outdated
No dynamic collaboration
Manual Processing
Scams and Phishing
Financial Misappropriation
90% Invoices are still on Paper
© 2019 Daxin Global & Block Ledger. All Rights Reserved. Strictly Private and Confidential
E-invoicing Makes it Simple
Platform Agnostic
Blockchain
Advanced e-Invoicing Platform
Existing Invoicing
Platform
Machine Learning
& AI
Open Banking
Payment Gateways
ERP / CRM
$3.5B Spent on Audits
1.2B Invoices Sent
1100K
650K
170K
50K 25K 25K
>2M Subscribers
15% of businesses Apply for Credit Statistics
In Australia
$0.5B $0.5B $0.5B
$0.8B
$0.6B
$0.9B
$0.6B $0.6B $0.7B $0.6B
$0.7B
$1.0B
FY16 FY17 FY18
© 2019 Daxin Global & Block Ledger. All Rights Reserved. Strictly Private and Confidential
12
E-INVOICING ON THE BLOCKCHAIN
Sources: Deloitte (2018)
12
HOW DOES BLOCKCHAIN WORK?
Source: Deloitte (2018); see also blockgeeks.com
1,000+ Subscribers
300+ Connections
45,000+ Invoices Transacted
55 110
330
990
Wk 1 Wk 2 Wk 3 Wk 4
25 35
105
315
Wk 1 Wk 2 Wk 3 Wk 4
2,489 3,712
12,992
45,472
Wk 1 Wk 2 Wk 3 Wk 4
DX E-invoicing Platform launched
Quantified Savings
Businesses Accountant Auditor
Reduce Cost
up to 40%
Reduce Time
up to 60%
Reduce Reconfirmation
Rates by up to 43%
Mitigate Audit Risk
Continuous & On-Demand
Audit
Reduce Human Errors
Gov &
Banks
University
Reduce Cost
up to 40%
Mitigate Fraud
© 2019 Daxin Global & Block Ledger. All Rights Reserved. Strictly Private and Confidential
Features & Benefits
e-Invoice
Audit Trail
Credit Scoring Loan
Documentation
Invoice
Financing
Account
Reconciliation
and more…
© 2019 The Block Ledger Pty. Ltd. All Rights Reserved. Strictly Private and Confidential
© 2019 The Block Ledger Pty. Ltd. All Rights Reserved. Strictly Private and Confidential
Thank You
E-invoicing For SMEs in a cloud age
More details on www.lucaplus.com Video Demo can not play from the PPT Please contact Leo Huang to find out more [email protected] [email protected]