NetChain Squared LLC

Products & Modules

The Modules

With Netchain² you use only what you need, and only pay for what you use as we tailor to your specific business needs.  Netchain² is designed to be used as a stand-alone platform, or add-on modules exist as separate parts to enhance other AP and AR platforms.  When Netchain² modules are combined, they change the interface to display as one seamless product. You only pay per transaction processed, or based on the modules being used - providing the greatest benefit in the most cost effective way. 

 
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ACCOUNTS PAYABLE MODULES

PAYMENT MODULE
Save time and money with the first and only e-payment type specifically built for B2B transactions, backed by artificial intelligence and machine learning.

INVOICE MANAGEMENT MODULE
Moves invoices from acceptance through approval without any manual data entry or work.  Routes and adjusts invoices based on business rules, AI, and behavioral data analysis.

COMBINING PAYMENT & INVOICE MANAGEMENT MODULE
Together, the payment module and invoice management module make up the entire invoice to pay processes, and allows for true automation.  Take action or allow the system to run the entire processes.  Be involved or set business rules, triggers, or just targets and allow Netchain² to take care of the rest.  The Artificial intelligence will raise critical business decisions, while allowing you to spend time and resources managing the business instead of completing repetitive tasks.

COMMERCIAL INTELLIGENCE
Know exactly when to pay your invoice to optimize the financial impact to the company

ADVANCED ARTIFICIAL INTELLIGENCE
Call us to talk abut what is coming soon or visit THE BLOG

 

 

 

ACCOUNTS RECEIVABLE MODULES

INVOICING DISTRIBUTION
This module allows you to manually create invoices and distribute them across multiple channels for one click payments. Invoices are tracked so you know when you are getting paid. 

CASH APPLICATION
Allows for payments to be received and managed by AR.  This module allows for simultaneous acceptance and use of multiple file types for auto-cash application and connects to the Netchain² network to take advantage of direct data movement and payment information, for payment made by companies using Netchain².  Outside of Netchain² the module will use all connectivity and accessible files to match as many payments to invoices automatically, as possible.  It also allows for credit memos and payments to be applied manually.  This module covers the end-to-end acceptance and matching of payments, credit memos, etc.  This allows the use of our system for the closing of invoices.  Integrated into this is reconciliation, which allows for internal account reconciliations and reconciliations with other organizations AP teams (Have all payments been applied as you intended?), all available in one-click. This can be used independently or attached to another accounting or AR workflow tool for more intuitive application and improved auto-matching. 

ORDER-TO-CASH
This platform includes the Order Management and Enterprise Billing, Basic Invoicing,  Collections and Cash Applications Modules

ADVANCED ARTIFICIAL INTELLIGENCE AND BUSINESS OPTIMIZATION
Call us to talk abut what is coming soon or visit THE BLOG 

 

 
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ARTIFICIAL INTELLIGENCE (AI) AND MACHINE LEARNING (ML)

COMMERCIAL INTELLIGENCE
Uses and compares different variables to determine the optimal date to pay or collect on an invoice.  The results are presented with the estimated impact shown in dollars compared to paying on the due date, or paying on previously established payment behavior.  A company can trigger the system to pay invoice automatically on recommended date. These variables are internal and external factors, and require an element of prediction.

MACHINE LEARNING
Begins learning behavior and trends from the giving company, but also stores and analyzes behavior from the collective use. It then using these trends, asking if users would like to set activities as automatic, only flagging for outliers.  Once an outlier is dealt with the system knows how to process this going forward.  This allows a position where the system knows and predictive action is 99.97% accuracy and effectiveness.

BUSINESS OPTIMIZATION
Using collected information from the individual client and total network, analyzing behavior, recognizing rework and errors (if something needs to be deleted and redone, or automation failing because of missing data, number of invoices being paid in a given time etc.), the system will recommend process adjustments and resource reallocation.  All recommendations or adjustments are implemented via a click of a button.