The problem
Small suppliers wait 60 to 90 days to be paid, and cash gaps push them into expensive credit.
What to build
Build a platform where verified invoices are offered to financiers, with automated checks against duplicate and fabricated invoices.
Success looks like
Duplicate-invoice detection in a seeded test, a clear fee disclosure and a settlement ledger.
Suggested technologies
- Invoice verification
- E-invoicing data
- Duplicate detection
- Escrow logic
- Audit ledger
An original, independent statement. It is not an official Smart India Hackathon problem statement, and Arventiq Labs is not affiliated with or endorsed by that programme. The scenario is illustrative and does not describe any specific organisation. Free to use with credit.