Odoo, a trailblazer in open source all-in-one business software, has teamed with CoreChain Technologies, the first B2B payments network built on blockchain, to offer embedded B2B payments and finance for Odoo's community of eight million customers.
Any business, ERP, bank, or payment network may use the award-winning CoreChain platform as a white label solution for embedded B2B payments. With perfect visibility for all sides, CoreChain's distributed ledger technology creates a tamper-proof record of each and every buyer-supplier transaction as well as an irreversible source of truth.


The CoreChain payments solution also makes it possible to finance accounts receivable held in unpaid bills that are typically 30 to 120 days behind schedule for settlement. Small enterprises could increase their cash flow due to this. In order to get additional lines of credit, suppliers might work with their customers rather than relying on a conventional bank loan.

Embedded payments are becoming more popular, according to Briand Kitchens, Partner Adviser at Odoo.

There has been a gap for companies looking for better B2B solutions, despite the fact that many B2C organizations have effectively integrated payments into their web and mobile products to raise revenues, boost customer loyalty, and acquire deeper customer insights. One answer is CoreChain, a white label service that uses blockchain technology to enable safe and effective B2B payments. Embedded payments technology from CoreChain will be extremely beneficial to the Odoo community.

Odoo has established a robust worldwide ecosystem with 3,850 partners and 90,000 community members using its software. The company also runs overseas offices in Belgium, Luxembourg, the United States, India, Mexico, Hong Kong, and Dubai. It also offers one of the largest business app marketplaces in the world, with more than 30,000 products.

According to Chris Aguas, Co-Founder and CEO of CoreChain, "Odoo sits at the nexus of millions of B2B transactions - including both payments and lending - and now in partnership with CoreChain, can offer a new source of value and revenue across its ecosystem." Odoo is one of the most well-known business management software solutions in the world. "Watching the democratization of B2B financial transactions in action is always thrilling."


About CoreChain

CoreChain, the first digital B2B payments network built on blockchain, was introduced in September 2020 and is being led by seasoned FinTech entrepreneurs. CoreChain is creating a network of networks, enabling businesses to pay other businesses securely, quickly, and efficiently compared to legacy methods while also opening up lending opportunities for suppliers to finance having to work capital that is stored in approved but nonpayment invoices.
Award-winning distributed ledger technology (DLT) from CoreChain enables B2B software platforms, banks, and marketplaces to offer payments and financing services to their customers and suppliers through our API-centric, white-label platform. DLT automates the exchange of transaction data and funds within a secure and trusted network environment.