UNBIAS helps organisations share invoice status information in a structured, controlled and safe way. When was an invoice created? Has it been approved by the buyer? Has an invoice been factored? With UNBIAS this is clear to whomever it concerns, while information is shielded from others.
Information is securely encrypted and stored in a blockchain network. Through integration with bookkeeping. This guarantees information in UNIBAS is authentic, up-to-date and directly available to all participants.
UNBIAS also introduces payment routing service for invoice settlement. Based on information in UNBIAS, payment is transferred from a single bank account to the party entitled to payment of the invoice. This is possible regardless of whether an invoice has been factored or if the buyer has been notified about factoring.