June 2023 Newsletter
17 Jun 2023
Frederik Fuglsbjerg, Marketing
Welcome back to the ZTLment newsletter! A lot has happened on our end since last month, so let’s dig into our top learnings, finance workflow tips and accomplishments in June!
1. Finance automation isn’t just relevant for companies at scale, but is also necessary to scale operations in the first place
A point we’ve been pushing in our conversations with customers lately has been that even for startups, cutting the time spent manually paying out vendors, collecting pay-ins and so on is paramount if they want to be able to scale their go-to-market.
Why? Because when you free up your team from manual and tedious work, they get more time to focus on strategic initiatives that help you scale your company.
2. Creating, approving and executing split payments in seconds
If you didn’t get a chance to see Stefan’s or Harry’s post on how quickly you can create a payment, go through a 4-eyes approval flow and then execute an unlimited amount of payments with ZTLment, you missed out!
Check out the links above to see them execute 5 payments in under 30 seconds with our smart “Drag-and-drop” CSV feature.
3. Our CTO, Jason Spasovski, featured in academic research on using blockchain to improve trust in transnational invoicing systems
Each year, a considerable amount of value-added tax (VAT) goes uncollected, estimated to be approximately 1.5-2% of the GDP of the entire EU zone, which equates to an astounding EUR 151.5 billion!
And thus, Peter Eklund FACS CP, Lasse Herskind, and Jason Spasovski and Jonas Sveistrup Søgaard set out to investigate whether a blockchain-based platform could effectively handle information exchange (including invoices) between trading actors within the EU. Read more here!
4. Our COO, Harry, on how finance teams can use smart contracts to automate payouts
“Basically, smart contracts take ANY data trigger from your own cloud back-end (see the diagram) to trigger a payout from your accounts to your customers / suppliers.
Just some examples:
🎧 Listens on a podcast, ⏬ Downloads of an app, 💰 Loan approved, 📜 Invoice received, 🚛 Goods delivered”
Want to know more?
ZTLment payments license passported to all of EU
12 Sept 2023
Automate Complex Business Payouts with ZTLment's Smart Contract Technology
7 Sept 2023
Create, execute and reconcile Bulk Payouts in under 30 seconds with ZTLment
9 Aug 2023
Pioneering data-driven finance for customisable and fully automated payment flows
1 Aug 2023
July 2023 Newsletter
31 Jul 2023
ZTLment Partners With Deloitte and KPI OceanConnect
7 Jul 2023
Revolutionizing Payout Flows: From Manual Intervention to Smart Contract Automation
22 Jun 2023
Automating Payouts & The Costs of Manual Payout Processes
7 Jun 2023
May 2023 Newsletter
24 May 2023
Scaling the energy market: blockers and solutions
22 May 2023
Overcoming Challenges in Carbon Project Financing
19 May 2023
Demystifying blockchain: the future of finance with ZTLment
11 May 2023
A single ledger for certificates and money
9 May 2023
ZTLment featured in MIT's "4 business approaches to blockchain"
28 Apr 2023
A guide to conditional payments
28 Apr 2023
Trust and transparency in the net zero economy
28 Apr 2023
April 2023 Newsletter
17 Apr 2023
Agreena goes 'first-ever' on blockchain with ZTLment: tokenized carbon crediting attached to real currency
3 Nov 2022
ZTLment becomes Europe's first regulated payments institution with the Danish FSA
4 Feb 2022