SuiSplit
Splitwise but for business. Corporations have multiple subsidiaries across the world. They often rely on a third party and pay exorbitant fees to settle and reduce the number of payments they make.
Created on 20th October 2023
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SuiSplit
Splitwise but for business. Corporations have multiple subsidiaries across the world. They often rely on a third party and pay exorbitant fees to settle and reduce the number of payments they make.
The problem SuiSplit solves
Reducing Intercompany Cash Flows
Consolidating intercompany cash flows to a monthly transaction for each subsidiary.
Easier Error Resolution
Facilitating the resolution of accounting mistakes through audit trails on-chain
Standardizing Finance Procedures
Open sourcing and standardizing intercompany finance procedures for consistency. Increasing transparency in intra-firm financial transactions.
Reducing Cross-Border Transfer Costs
Minimizing the costs associated with cross-border money transfers.
Optimizing Funds Use
Efficiently optimizing the use of funds within the organization.
Faster, Fastest
Near real time instant settlements.
Challenges I ran into
GM. It's still too early. Sui examples are scattered all over and there is no specific tutorials that go to end to end and explain the nuances.
Given it''s a new chain and the DevRel team is putting together resources. It still is an hassle.
PS. Have decided to record a YT playlist myself that will help noobs get started.
Tracks Applied (2)
SUI Network - Network Effect
SUI Network
SUI Network - City of Coin
SUI Network
Technologies used
Cheer Project
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