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aXpire – Decentralized Spend Management

Standard ICO Report Structure:

  • Part 1: ICO Analysis (What is it about? What is the ICO intending to do? Describes what the platform is.)
  • Part 2: CROWDSALE ANALYSIS – DETAILS & TOKEN SUPPLY
  • Part 3: Useful Links (Further Research)

Part 1: ICO Analysis

aXpire revolutionizes spend management be integrating an AI element and introducing transparency of spend management by using the blockchain.

What is Spend Management?

Spend management, as the name implies, as the optimization of costs across a company’s operations such as procurement, outsourcing, compliance, administration, legal, and others.

aXpire’s Team

aXpire comes from a existing insurtech SaaS company that was founded in January 2017. It is also a year old company that managed to acquire many prominent clients like Nike, Coca Cola, and the NKL despite being fairly new.

They are a US based company, although they do have offices in the UK, India, and Australia.

Status quo

Businesses waste money, aXpire insists. They think businesses overspend by 15-25% and that is just in monetary terms. Other forms of wastages are less obvious but will be reflected in the bottom line as well.

Delays, filing mistakes, compliance oversights (resulting in legal fees), are all part of the greater problem.

aXpire seeks to step in with all the tools of the modern world in its hands: Machine Learning, Blockchain Technology, and the Cloud.

Value created

The advent of machine learning and robotics have made is possible to automate many processes. aXpire benefits clients by changing manual processes into automated processes. It also works to shift most of the company’s data onto the cloud.

Everything that is recorded on paper – even digital documents will be converted or integrated into the cloud. The company’s data will be managed by a digital workflow.

Expense aging, data quality errors, compliance reporting – are all in aXpire’s ballpark. They will track and manage a company’s operations digitally, and create digital communication channels between a company’s various departments.

The bottom line

These efforts are not just an attempt to jump on the bandwagon of technology without looking at the bottom line – aXpire is a spend management company after all. They estimate that operating profit increases by 15-25% by implementing their solutions.

The software: Resolvr

Finally, enter Resolvr, aXpire’s spend management software. Resolvr ‘connects digital islands’ within the organization. Currently, it is being integrated into various accounting softwares, such as QuickBooks, Hazeltree, and Coupa.

Resolvr is created to enable expenses to be audited and reviewed in a transparent manner, and this is where blockchain technology fits into the final piece of the puzzle, being a system that is immutable and tamper-proof.

Part 2: Crowdsale Analysis – Details & Token Supply

Total token supply: 350, 000, 000

Token Type: AXP (ERC223)

Token Price: 1 AXP = $0.10 USD

Token Distribution:

  • 85% TGE
  • 10% Advisors
  • 10% Reserve
  • 5% Bug bounty

Crowdfunding Usage: N/A

Team Overview – Members & Advisors 

Gary R Markham, Founder & Chief Executive

Andre L Wouansi, CFO

Philip Knight, Program Director

Sivakumar Jayabalan, Director – Business Development

Notable Advisors

Roger Ver, Bitcoin.com, CEO

Shingo Lavine, Ethos, Blockchain Advisor

Part 3: Useful Links (Further Research)

Website: https://www.axpire.io/

Whitepaper: https://www.axpire.io/downloads/aXpire_Whitepaper_v1.1.0.pdf

Twitter: https://twitter.com/aXpire_official

Facebook: https://www.facebook.com/Axpire-537274833301303

Reddit: https://www.reddit.com/r/aXpire/

Telegram: https://t.me/AxpireOfficial

YouTube: https://www.youtube.com/channel/UCGk_ARm1Dg0o8VgjYIpouFg

Medium: https://medium.com/@aXpire/