avvaneo partners with Centrifuge to bring blockchain to financial process automation

Frankfurt, Germany – 22. May 2019 — avvaneo, innovators of leading-edge financial applications and approaches, today announced it has partnered with Centrifuge, financial supply chain operating system developers, to create a more open and innovative blockchain-based supply chain for ERP, accounting systems, and other financial processes.

Through their partnership, Centrifuge will provide the advanced open source blockchain technology that avvaneo will integrate into ERP and other accounting systems.  This will enable clients and third parties to collaborate and exchange money, purchase orders, issue invoices and other important documents in a privacy preserving, secure, and verifiable environment — all using a single standard. The new end-to-end solutions will bring higher levels of transparency and efficiency, with greater cost optimization.  

“As FPA consultants, we promise clients impartial advice and optimal solutions so naturally we are keen to partner with visionary companies like Centrifuge,” said Carsten Nelk, President of avvaneo. “Blockchain’s potential to solve challenges and improve processes is starting to crystallize and with this partnership, we expect to quickly contextualize blockchain in financial processing and develop effective and meaningful real-world solutions.”

“The main goal of the Centrifuge protocol is to connect businesses small and large worldwide and bring them closer together” said Maex Ament, CEO and co-founder of Centrifuge  “With avvaneo, we found the right partner to facilitate and strengthen connections between enterprises and thus make the most out of the protocol. This partnership will enable stakeholders to take advantage of unique beneficial blockchain based features and use-cases to improve their financial relationships.”

Centrifuge joins avvaneo’s team of partners that includes Kofax, Serrala, Medius, and other leading technology vendors that together with avvaneo are implementing comprehensive financial automation services for companies such as Hilti, , Clariant, Munich Airport, Dachser and hundreds more in over thirty countries.

About avvaneo

avvaneo are innovators of leading-edge financial applications and approaches including Financial Process Automation (FPA) in the Cloud or Inside ERP, Blockchain, Robotic Process Automation for FPA, and FPA Analytics. avvaneo’s team of industry specialists work closely with leading technology vendors to extend and augment their products and applications, delivering comprehensive, tailored solutions and support for companies such as Hilti, Clariant, Munich Airport, Hatch, Edgewell and hundreds more across all industries in over thirty countries. Industry experts, Carsten Nelk and Thomas Schmid, previous co-founders of Ebydos AG and creators of Process Director, the most utilized FPA application for SAP, founded avvaneo in 2014 with the vision of digitally transforming global financial operations and business collaboration. The company has offices in New Orleans, Frankfurt, London, and Wroclaw.  For more information, visit www.avvaneo.com.

avvaneo – Partners in Transformation.

About Centrifuge

Centrifuge is an open, blockchain based protocol to connect the global financial supply chain. It allows any business to transact while maintaining ownership of their data, including their validated company details, their reputation, business relationships, and subsequent transactions. By joining Centrifuge, participants can access a new generation of applications and services for the financial supply chain.  Centrifuge’s mission, day in, day out, is to change the rules of global trade to foster economic opportunity everywhere. For more information, visit www.centrifuge.io or read our blog www.medium.com/centrifuge

Media Contact

For more information, or to speak with an executive from avvaneo in the US, please contact Wendy Simmons at wendy.simmons@avvaneo.com, or via mobile at +1 917 327 6188. In Europe you may contact Maureen Werm at maureen@avvaneo.com or via +49 69 20024205.

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