Nook’s platform creates a “shared ledger” between suppliers and buyers. By integrating their accounting software and using open banking, Nook can verify the sending and receipt of payments.
This two-way syncing of ledgers minimises manual data entry and eliminates invoice documents being sent via email, making the verification, and payment of invoices faster, cheaper, and less prone to fraud.
Trade made easy. Nooks aims to automate the workflows in AP and AR out of existence.