Topic: [ANN]🏢ACCOUNTING BLOCKCHAIN🏢 Linking business accounts through blockchain - page 19. (Read 27144 times)

I am sure that winning this contest will help AB get more support from investors and good advertising for joining partners. Thanks for the info.

I read that it is not about financial support, but other assistance in the development of the project,  such as ICO legal services, Tokenomics services, ESTS Certificate of Excellence, the impact of ESTS community on all of   ESTS social media, access to  network of Token buyers Private

The immediate benefit to those business that would start using AB Fingertips Suite is the reduction in the accountants’ time required.
Many firms would immediately drastically reduce the number of accountants employed in reconciliation departments.
Auditing time required will be reduced drastically due to the fact that audit tests performed would no longer need to check the validity of the triple entry transactions. These are being confirmed by the other company on the opposing spectrum, which is an independent 3rd party. Auditors will start placing reliance on Triple Entries as they are cemented in the Blockchain.
Throughout the consultation stage, AB encountered many businesses explaining how rogue employees within their organisation used creative accounting and manipulation of data to defraud their employer. This in the past has been
as easy as changing the supplier invoice bank details in order to channel the funds their way. Currently to deter this type of fraud and other fraud risks, companies undertake to implement flimsy, costly and time consuming systems of internal control, including multiple checking and re-checking. AB’s Fingertips Triple Entry Suite will serve as a shield against fraud as invoice details as well as the suppliers’ bank details as well as all invoice data would be recorded in the Blockchain and can never be manipulated. (WP)

Is this the financial support of the project? I think received in general, any affiliate support can bring good results.

As I understand it, this company conducts such contests in order to help interesting projects to develop. Now another contest is being held. This increases the confidence in the AB project.

The winning project of the ESTS ICO Seed competition was chosen through the online voting system.  More details  of the ESTS Initiative on the official channel.
http://ellulschranz.com/the-accounting-blockchain-private-placement/

I am also interested in this question. As much as any partnership or support for the project is important to me.

I would like to learn more about the opportunities for the project after winning the ESTS Seed Competition. Where can I find more information?

If you estimate the number of companies that can use these products, then the platform's profit can be huge. I think that this potential is very important for investors.

For small companies, this development is also very important. This will reduce the need for additional recalculations, and this reduces the time of the accounting audit.

The immediate benefit to those business that would start using AB Fingertips Suite is the reduction in the accountants’ time required.
Many firms would immediately drastically reduce the number of accountants employed in reconciliation departments.
Auditing time required will be reduced drastically due to the fact that audit tests performed would no longer need to check the validity of the triple entry transactions. These are being confirmed by the other company on the opposing spectrum, which is an independent 3rd party. Auditors will start placing reliance on Triple Entries as they are cemented in the Blockchain.
Throughout the consultation stage, AB encountered many businesses explaining how rogue employees within their organisation used creative accounting and manipulation of data to defraud their employer. This in the past has been
as easy as changing the supplier invoice bank details in order to channel the funds their way. Currently to deter this type of fraud and other fraud risks, companies undertake to implement flimsy, costly and time consuming systems of internal control, including multiple checking and re-checking. AB’s Fingertips Triple Entry Suite will serve as a shield against fraud as invoice details as well as the suppliers’ bank details as well as all invoice data would be recorded in the Blockchain and can never be manipulated. (WP)

Of course, such costs can be reduced thanks to AB. For large corporations these costs can be calculated in large amounts.

The immediate benefit to those business that would start using AB Fingertips Suite is the reduction in the accountants’ time required.
Many firms would immediately drastically reduce the number of accountants employed in reconciliation departments.
Auditing time required will be reduced drastically due to the fact that audit tests performed would no longer need to check the validity of the triple entry transactions. These are being confirmed by the other company on the opposing spectrum, which is an independent 3rd party. Auditors will start placing reliance on Triple Entries as they are cemented in the Blockchain.
Throughout the consultation stage, AB encountered many businesses explaining how rogue employees within their organisation used creative accounting and manipulation of data to defraud their employer. This in the past has been
as easy as changing the supplier invoice bank details in order to channel the funds their way. Currently to deter this type of fraud and other fraud risks, companies undertake to implement flimsy, costly and time consuming systems of internal control, including multiple checking and re-checking. AB’s Fingertips Triple Entry Suite will serve as a shield against fraud as invoice details as well as the suppliers’ bank details as well as all invoice data would be recorded in the Blockchain and can never be manipulated. (WP)

It seems to me that the value of the project is that the team does not need to offer their product. Users will want to use it as soon as these products are available. AB will need not a lot of advertising. On the great developments the news spreads quickly.