Businesses spend billions of dollars per year on expenses related to the management of their spending. Employees are forced to spend time converting between different document formats, work with various legacy technologies and formats, and duplicate work between departments. In general, the expenses that result from business spend management is a result of the lack of digital pathways between departments, which adds a lot of friction to the process.
aXpire’s solutions (https://www.axpire.io/) aim to fix these inefficiencies in spend management. Its software will use a combination of blockchain technology and machine learning to help companies organize their data. The services will allow companies to create efficient data and reporting pipelines, solving the issues that previously resulted from friction such as incompatible/legacy formats or duplication of work. The suite of applications will be applicable to many departments, such as legal, compliance & regulatory, fund accounting, finance, and administration, allowing for efficient connections between various stakeholder groups.
A pleasant surprise for a blockchain company, aXpire is a spin-off of an existing SaaS company, LSG, with revenue already. LSG has worked with many large companies such as Nike, Coca Cola, and the NFL. aXpire also has partnerships with several prominent technology companies, such as Microsoft, and R3.
Currently, aXpire is focused on two main offerings: Resolvr, and MatchBX, each targeting different segments of a company’s spending needs.
Resolvr
Resolvr is a B2B platform to connect various stakeholder groups within the overall business organization. The initial release focuses on digital expense management and allocation. The platform includes mechanisms that allow all involved stakeholders to share information between each other, make adjustments, and communicate with each other before finalization. Resolvr also integrates with several APIs including HazelTree, Oracle, QuickBooks, and SAP, so tedious, manual work can be removed from the process.
MatchBX
MatchBX is a P2P offering in aXpire’s product suite. It will be a blockchain platform for freelance work, allowing users to do work in exchange for aXpire’s cryptocurrency. This platform will allow corporations to easily leverage short-term work without the hassle of messy paperwork or invoicing. In addition to regular users, there will also be “preferred providers” who offer high-quality, verified services. This platform will also model demand for tasks, tracking when certain tasks or services experience surges in demand. This platform will not have fees, and will burn aXpire tokens as a way to incentivize early adopters and token holders.
Disclaimer: This article is not meant to be investment advice, and is purely information. This article was written as part of a Bounty0x bounty.
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