InvoiceMate is a contemporary fintech solution designed for tomorrow. Security is among the core values that define ‘InvoiceMate’. InvoiceMate makes no compromise on security and integrity.
The very heart of the solution is Blockchain which is synonymous with security, integrity, and trust. Let’s get a detailed overview of the security features of InvoiceMate.
Forensic Details Log of Invoices & Workflow
InvoiceMate features an extensive & configurable audit trail that can be used to document evidence of the order of activities that have modified, at any time, a particular process.
Blockchain-Based Document Verifier
A vital part of the system that allows authorized users to check if credentials of all relevant files & documents in the system are genuine. Also provides a full process trail of document review and approval process.
Integrity Management through MD5 Hashing
Data integrity and monitoring is a highly important layer of defense that is used to for data verification and detecting data corruption.
Document Signatures with MD5 Hash
Each Document is signed at every workflow state by MD5 hashing it, and the hash value is the signature.
Password Protection for Files (Doc Security)
The system contains security features that limit access to the documents by individuals and system administrators.
2FA Based Authentication
The feature allows strengthened security of the system. Securely onboard new users, critical tasks (like approvals & payments) and protect account access with two-factor authentication (2FA).
eSignatures & Watermarking
User-defined e-signature and watermarking at the end of each document play an active protection role in the digital distortion of documents.
Handwritten Signature Option
Each user along with its profile can scan and embed their handwritten signatures on documents and it will have the same legal standing as a handwritten signature.
Biometric recognition forms a strong link between a person and his identity and the system can integrate with such devices in the case of On-Prem installation.
Off-Chain Data Security
Besides blockchain, off-chain data security is equally taken care of. Off-chain data is encrypted before persisting & tempering with data outside the system can also be detected.
System Access & Approval Controls
Enforce proper controls and governance protocols. Different role-based permissions help enforce segregation of duties by configuring who can perform approvals & disbursements, create approval flows, run reports, and more.
Data Security Using (SSL)
Secure Socket Layer (SSL) technology protects your information using both server authentication and data encryption, ensuring that your data is safe and secure.
The above features make InvoceMate a great choice for Invoice Processing and AP Operations.
If you have any further queries or you want to have a demo of the product, please feel free to contact us at email@example.com. Our team is always there to provide you the very best of support.