TrueLedger provides a smart‑contract platform that automates procurement‑to‑pay workflows for professional services. The solution delivers real‑time visibility into external workforce progress, precise cash‑flow forecasting, and auto‑validated invoicing. By removing manual admin and governance tasks, it helps organizations manage external contracts more efficiently and keep projects on scope and budget.
Funding
$163.5K 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.
Founders
Product
Problem
Many companies struggle with inefficient procurement processes for professional services, leading to budget overruns and a lack of visibility into project progress. Traditional methods often involve manual invoice checks and administrative overhead, hindering effective management of external resources.
Solution
trueLedger offers a Smart Contracting engine that automates the procurement and payment processes for professional services, providing real-time transparency and eliminating manual administrative tasks. The platform ensures alignment between buyer and vendor incentives through automated invoice validation and continuous monitoring of project milestones. By streamlining the procure-to-pay cycle, trueLedger enables companies to gain better control over external engagements, improve cash-flow projections, and foster trusted collaboration with suppliers. The system offers a user-friendly interface with insightful transparency, allowing businesses to focus on core objectives while optimizing resource allocation.
Target Audience
The primary target audience includes companies that heavily rely on external professional services, particularly those in industries such as insurance and finance, seeking to improve efficiency and transparency in their procurement processes.
Features
- Smart contract automation for professional service agreements
- Real-time project progress tracking and performance monitoring
- Automated invoice generation and validation, eliminating manual checks
- Precise cash-flow projections based on project milestones
- Secure collaboration platform for buyers and vendors with a single source of truth
- Customizable dashboards for comprehensive commercial insights
- Integration with existing procurement and accounting systems