AXPIRE: INCREASING BUSINESS PROFITABILITY WITH BLOCKCHAIN
Businesses waste resources in money which make them to be unprofitable enough as they should be, currently waste by asset managers in the mid and back office is estimated at 15-25%. This figure excludes the cost of delayed processes and erroneous fillings. A waste of 15- 25% in business transaction is enough to put a business in bankruptcy and loss. Research also shows that there will be even more waste in resources in the nearest future as it shows that by 2022 the RegTech spending which is just a percentage of regulatory spending will increase drastically from 4.5% in the year 2017 to 34.4%.
Presently there seems to be no payment ecosystem that can manage expenses through an efficient, secure and automated process. In the absence of this, data are kept in non-compatible software’s and companies are left to store information on paper, PDFs and spreadsheets (PPS).
THE AXPIRE PLATFORM
AXPIRE was founded in the year 2017 with its headquarters in Manhattan, New York with employee in London, India and Australia. The objective of AXPIRE is to enable the real time visualization and management of payment processing workflow across legal, fund accounting, administration, finance and compliance departments.
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The AXPIRE platform comes to reduce the waste and improve profitability through the use of blockchain technology and machine learning throughout the lifecycle of services exchange. Machine learning enables the clients to make incrementally intelligent invoicing decision through a growing reference SQL database of approved and denied transactions.
AXPIRE is an ERP SaaS company:, SaaS ERP is an hosting model for enterprise resource planning (ERP) software which involves a firm’s ERP software applications on a vendor’s servers. The goal of software-as-a-service (SaaS) ERP hosting is to reduce cost software, hardware and support. They offer a suite of product to increase efficiency of service spent and general profit margins.
The AXPIRE as a SaaS solution servicing regulated customers have a strong barriers to entry through data gathering and security network effects. This data gathering efforts allows machine learning at each client to provide increasing sophisticated solution thus removing the bulk of human input.
THE AXPIRE SOLUTION
The AXPIRE intends to provide solution to the problem highlighted above through the Resolvr by combining the features of product already in the market and pulls in numerous efficiency levers. It helps both business and consumers procure services and manage it as efficiently as possible.
[https://www.axpire.io/downloads/aXpire_Whitepaper.pdf]
The AXPIRE will have a web base application that is developed in an asp.net MVC framework, that offers architectural benefits and enables easy maintenance code.
KEY BENEFITS OF AXPIRE
The many benefits if AXPIRE includes the following among others
• Reducing or removing data quality errors
• Enhancing compliances reporting capabilities
• Enabling in NH electronic interdepartmental communications
• Tracking and managing workloads, timeliness and expense aging
• Removal of manual process through machine learning
• Replace paper, PDF and spreadsheets (PPS) with digital worflows
• E. T. C
HOW IT WORKS
The Resolvr is a dashboard based four step process, it is explained better in the diagram below.
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AXP TOKEN
About 262,500,000 tokens which is 75% of the total token will be distributed. The distribution includes the pre-sale, full sale, referral program and bounty program. Any token not sold in the pre-sale will be transferred to the reserve token.
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You can read more on AXPIRE on
website
whitepaper
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AXPIRE will make tracking and managing workloads, timeliness and expense aging