A business system that is capable of financing validated invoices electronically anywhere in the world
The Patent is simple and workable. Implementation will take place globally over a reasonable period of time. The software program will drive the eInvoiceBankingTM Invoice Validation System globally. The software is completed and tested and in operation and hosted in South Africa by Bankserv. The eInvoiceBankingTM System has been patented under Patent No: 2005/08668 in South Africa, and globally under PCT Patent Application No: PCT/182005/003178. The concept of eInvoiceBankingTM is new and novel and will make the way business is done globally simple and easy with minimum risk. The System allows Debtor’s Ledgers that have creditworthy debtors that are presently locked into future payment at 30 to 120 days to be released by the Banks at banking rates with minimum risk, placing much needed cash into the hands of enterprises that at present are unable to get funds from this source. This will in turn stimulate the economy and create much needed employment. The eInvoiceBankingTM System allows the banks to finance validated invoices with minimum risk. The eInvoiceBankingTM System provides for a standard global infrastructure whereby each country’s Invoice Clearing Bureau – ICB - is able to communicate with each other allowing global inter-country trade to take place in an easy and simple way. |