ClearX provides a blockchain-based platform that automates the order-to-cash cycle for telecom products, ensuring accurate inventory synchronization and streamlined billing processes. This solution eliminates disputes and accelerates payment timelines, resulting in 100% on-time payments and 80% faster resolution of pre-invoicing disputes.
Funding
$13.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ERFounders
Product
Problem
The telecommunications industry faces challenges in automating the order-to-cash cycle for telecom products due to inaccurate inventory synchronization and inefficient billing processes. This leads to frequent disputes, delayed payments, and increased operational overhead.
Solution
ClearX offers a blockchain-based platform designed to automate and streamline commerce for telecom products, enabling telecom companies to automate their infrastructure and monetize their assets. The platform facilitates automated inventory synchronization, wholesale settlement, and billing, particularly for non-API-based connectivity products. By providing a single platform for managing telecom assets, ClearX reduces disputes, accelerates payment timelines, and improves overall operational efficiency. The solution also enables telcos to connect with partners, federate and aggregate products, and expose their offerings on cloud platforms, aggregator marketplaces, or developer portals.
Target Audience
The primary target audience includes telecom carriers, wholesale telecom marketplaces, and network operators seeking to automate their order-to-cash cycle and monetize their network infrastructure.
Features
- Blockchain-based automation of inventory synchronization and billing processes
- Automated wholesale settlement for non-API-based connectivity products
- Unified API for exposing network-as-a-service (NaaS) capabilities
- Support for fixed line, OGi, and other telecom assets
- Integration with cloud platforms and aggregator marketplaces
- Dispute resolution mechanisms to minimize billing discrepancies
- Real-time visibility into inventory and order status