Autsorz and Authenium Complete the World’s First Smart Contract-based Payroll and Invoice Generation for Outsourcing Service Providers
Autsorz, outsourcing management application, and Authenium, massively scalable blockchain, smart contract, and decentralized application platform, announce their successful execution of the world’s first smart contract-based payroll and invoice generation for outsourcing businesses
Why Smart Contract for Outsourcing Management
“An outsourcing service provider must follow clients’ HR organization structures, contract, compensation, benefits, and incentive rules, as well as other business processes. When you have a hundred clients, you have a hundred HR systems to execute. Heterogeneity, sheer complexity, tedious maintenance, and high IT costs are major operational problems to outsourcing providers,” said Denny Sambas, a three-decade HR operations expert and outsourcing specialist.
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Autsorz mobile application feeds workforce logs into blockchains. Smart contract virtual machines generate payroll and invoice timely and accurately according to individual contracts between the three stakeholders. The immutable logs and tamper-proof contract algorithms guarantee fairness and transparency for all. Autsorz also helps detect potential fraud in logging of time, place, vehicle or equipment use, and expense.
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“Autsorz is adaptable. Administrators or analysts can easily create and customize contracts, invoices, payroll, even screens on everyone’s mobile app. Administrative operations are streamlined,” added Mr. Sambas.
Autsorz delivers unique solutions to outsourcing communities. The high barrier of automation costs is reduced by Authenium smart contract technologies. Today Autsorz is deploying for 54 providers with over 315k workforce in banking, telecommunication, hotel, tourism, airline, airport, and real estate management industries.
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