Swedish company Zwapgrid launches 'Internet of Systems'

Tuesday 26 January 2021 13:43 CET | News

Sweden-based Zwapgrid, a cloud service interconnecting business support systems, has launched a tool aimed to streamline app communication for finance, ecommerce, and payments

The service can be described as an ‘Internet of Systems’, fortifying the integrity and internal communication of a company’s many applications. 

Internet of Things commonly means that the technology existing within for instance a car or a temperature sensor, is connected to a network. By being so, these devices can send information over the Internet or programmatically react to a given event within another connected device. Zwapgrid’s service would in a similar way be able to receive an invoice created in a company’s time reporting application and immediately relay this information to the finance application, creating a customer invoice. 

This invoice would then automatically be sent to the customer for digital signing, after which the payment is sent to the bank. Without human involvement at either the customer’s or the vendor’s end, every event is automatically posted in this optimized 'Internet of Systems'. As the applications are already connected, all a company would need to do is join the cloud service and activate the specific systems they want to use. A Zwapgrid account gives access to all the systems within the network, but the only pay for the ones actually used by the company. 

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Keywords: Zwapgrid, product launch, Sweden, Internet of Systems, internet of things, IOT, ecommerce, online payments, Sweden Europe
Categories: Payments & Commerce
Countries: Sweden
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Payments & Commerce

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