Innovative Invoice Discount Platform
billing Pcore team accounts is working on an innovative invoice program, which will change the way businesses pay. Link this to the main trading platform. PCC PCC Coins is a convenient payment method. INNOVATATION
allow companies and Pcore investors to trade regardless of their geographical location, eliminating the need for any third party.
Eliminating the need for third-party companies helps Pcore maintain low sales and high collection and speed costs. No need to wait long, instant income for business development and instant profits.
All invoices uploaded by the invoice seller are listed on the Ethereum blockchain, which eliminates errors and misuse. Companies taken from the coverage of Pcore guarantee the promised funds for this date at the expense of investors.
We base our business on real-life issues in various industries. Thus, Pcore aims to overcome the obstacles and problems faced by modern companies when dealing with liquidity and financial uncertainty. Apart from that, the main problem that is disrupting a number of markets for some at regular bases is financial & factoring constraints, invoice verification, and non-transparent / outdated financial statements.
1. Financial Limits & Factoring
SMEs have limited access to short-term financing (working capital). Banks demand significant guarantees and large amounts of documentation when approving financing projects, especially after the last recession in 2009. This is a large funding gap for small and medium-sized companies worldwide, driving the growth of the global factoring industry by 10% each year. Current estimates indicate that the factoring invoice market has a value of US $ 3 trillion in 2018, making it a large enough market to be investigated.
Since the beginning of the financial crisis in 2009, factoring in the United States and around the world has grown between rates of 11% and 24% per year, adding more than one trillion euros in annual factoring volumes in less than a decade. This industry practically doubled its size, even though the modern era of factoring began only a century ago.
SMEs clearly suffer losses when dealing with capital markets in terms of credit rationing and financial inequality, due to lack of financial strength. The gap in financing has encouraged the need for alternative financing sources, such as factoring.
2. Invoice Verification
There are several steps needed when verifying the authenticity of the invoice sent. This includes confirmation that the invoice service was actually sent as claimed, inspection operations that have a direct relationship with the invoice service, and investigation of materials used to meet the requirements specified where the invoice is made.
With the implementation of an ERP system, the Pcore intends to automate all processes involved in the analysis of validity, making checkpoints that the user must take when verifying the authenticity of potential partners. The history of invoices sent by the company to the public allows an automatic assessment of the validity and associated risks.
In modern business, automatic checks are almost impossible without constant physical examination. In addition, notes can be falsified, further limiting investors to uncover foul play when that happens. Because there is no real incentive for companies to disclose their direct finances to the public, there is a high likelihood of false financial results.
3. Non-Transparent and Old Financial Reports
Problems with financial statements that are not transparent may be as old as the business itself. There are several reasons why companies want to hide actual results, especially when invoices are questioned. Business plans and financial statements, in general, must show the financial health of the company now and in the past. However, by deleting key data or even manipulating their presentation, the company in question seems to be in a good position, while the actual situation is very different.
Although the government really enforces basic financial presentation guidelines through IFRS and GAAP policies, many companies continue to find ways to bypass them. The IFRS model represents a step forward in investigating bribery and illegal activities. However, it cannot explain all the possible places where non-transparent reporting is questioned, especially when SMEs are involved. Invoice needs of invoices have increased in recent years, with businesses emerging in the SME sector. However, the problem still concerns trust and accurate reporting.
As a format for presenting financial data on the platform, we chose XBRL (eXtensible Business Reporting Language). This framework is an open international standard for digital business reporting. This is used throughout the world, with companies from more than 50 countries implementing it in their operations. Millions of XBRL documents are created every year, replacing older paper-based reports with useful, effective and more accurate digital reports.
In other words, XBRL provides a language where the term reporting can be clearly defined. In turn, the term can then be used to uniquely represent financial report content or other types of compliance, performance, and business reports. XBRL is often called “bar code for reporting”, because it makes reporting more accurate and efficient. With unique tags, XBRL enables Pcore to develop its platform in accordance with sophisticated market requirements, by providing:
- usable reporting documents that can be registered, sorted, and analyzed automatically by Pcore
- general belief that all reports in the platform follow up on sophisticated and predetermined definitions
In addition, a comprehensive definition and accurate data tags will help parties to carry out various reporting tasks, including:
• risk analysis and business information performance.
To enable the exchange of business report summaries, XBRL applies transaction tags on the platform. This transactional representation allows independent system exchanges and analysis of large amounts of supporting data. Thus, as a key to the transformation of financial reporting, the Pcore platform uses two core calculations to support investors in evaluating investment opportunities.
Project Category : PLATFORM FACTOR FACTORS
Project Type : TOKEN
Project Platform : ERC-20
Limited Country: CHINA, US
Base Token Price: 1PCC = 0.39USD – 1PCC
Token Total Offer: 52,000,000
tokens reserve: 20,000,000
tokens for sale: 20,000,000
gift tokens : 500,000 tokens reserved for teams: 11,500,000
Hard Cap: 5.000.000 USD
Additional ICO information
March – April 2019 – ICO Pre-Prizes
In our marketing campaign, we have considered the effectiveness and influence of social media makers.
We decided to pay selected social media influencers to the crypto community for their content and for PCC (PCC) promotion.
– Collaborate with safety auditors to complete ICO contracts
May – June 2019 – ICO
20 million (PCC) will be offered to investors.
– ICO sales coins sold
by PCC sold and ICO issued to investors. Further information and updates will be announced via Twitter.
July – September 2019 – New office location
Development of the accounting platform has been completed. Software developers are hired with perfect features and are used for businesses and investors.
– Testing the Pcore Platform
In this phase, we want to go through the necessary testing and start a number of companies to upload invoices to launch outside the platform.
October 2019 – Start the accounting platform
December 2019 – January 2020 – Starting from the creation of accounting software for China
March 2020 – Start date of core software
April – May 2020 – Starting from market research for pore penetration in China
– Integration and testing of core software in the Chinese billing market
June 2020 – The marketing campaign for the Pcore platform in China begins
July 2020 – Explore Pasar Baru
– Explore New Software Development for Invoices
Twitter: https: //twitter.com/PcorePCC