Multiparty Invoice Redemption and Settlement Workflow

This process outlines the comprehensive steps involved in our multiparty invoice redemption and settlement system. It integrates the roles and activities of vendors, suppliers, anchors, and lenders into a seamless and transparent workflow.

Step 1

 We start with user mapping. Every vendor or supplier only sees the Anchors they’re mapped to. This ensures clean, role-based visibility. UI enhancements for mapping will also be covered in the next phas

Step 2

The journey begins with the Vendor. After logging in, the vendor selects their mapped Anchor, uploads the invoice, enters the amount, and adds a unique invoice number.

The vendor can then review the full invoice summary

Step 3

The system uses product code mapping to automatically calculate the allocation percentage for each party involved. The vendor can review the complete invoice summary before we transition to the anchor dashboard by clicking on the view button

Step 4

On the anchor dashboard, the pending invoices, allocation breakdown, and mapping details are clearly visible. Once the anchor approves the invoice, the status is updated for all parties, and the transaction is recorded on-chain for full transparency. After approval, each participant can redeem their allocated amount.

Step 5

The anchor can go go through the mapping details to verify the vendors mapped under this by clicking on the mapping menu given on the left.

It showcases the stakeholder, customer name, product code and contributions

Step 6

In cases where multiple suppliers or vendors are involved, each participant can view only their respective allocation. Interest is automatically calculated based on the days between invoice creation and disbursement. The anchor is responsible for executing the final settlement, regardless of whether some participants redeemed their allocation or not.

Step 7

After approval, each participant can redeem their allocated amount. every redemption is always for the full allocation.

The moment a vendor or supplier redeems, their token balance updates in real time. This also reflects immediately on the Anchor and Lender dashboards.

Step 8

 The final settlement is executed by the Anchor, even if some participants redeemed and others did not.

Here’s the smart part: If a participant redeemed, their tokens are already with the Lender. If they didn’t, their tokens remain in their own wallet.

At payout time, the system identifies where each token sits, burns the required tokens, and completes the settlement end-to-end. The invoice then moves to “Paid” for all parties.

Step 9

Vendors and suppliers receive updates with redemption or burn details upon payment. Anchors gain a complete overview of the chain, including who redeemed, who did not, and how the payout was executed. The lender receives a consolidated view of the redemption and final settlement, closing the token cycle.

Step 10

 Each dashboard now shows the updated status: Vendors and suppliers see their paid status, along with redemption or burn details. The Anchor gets a complete view of the chain — who redeemed, who didn’t, and how the payment was settled. The Lender sees the consolidated redemption and final settlement, closing the token lifecycle.

 This is the full workflow — a complete,, and transparent process from invoice upload to approval, redemption, token movement, and final settlement across all roles.