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    Purchase Invoice Discounting

    Purchase Invoice Discounting is a financial arrangement that helps businesses access quick funds. The financial institution provides the company with the necessary funds to make purchases. The company repays the bank at the end of an agreed period, allowing them to effectively manage their cash flow and continue their operations smoothly. Purchase invoice discounting offers a significant advantage to buyers in the business world. This method allows buyers to optimize their working capital and gain better control over their cash flow by leveraging their accounts payable.

    Understanding Mynd Fintech Purchase Invoice Discounting

    Mynd Fintech’s Purchase Invoice Discounting allows its customers to raise funds without blocking up their capital for purchases. We help you raise funds against your purchases and free up your working capital, enabling you to generate better purchase prices and smoother vendor relationships

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    Features:

    • Improved Cash Flow:

      By availing purchase invoice discounting, buyers can access early payment discounts without impacting their liquidity.

    • Negotiating Power:

      With cash on hand, buyers can negotiate better terms with suppliers.

    • Working Capital Efficiency:

      Invoice discounting helps buyers manage their working capital efficiently.

    • Supplier Relationships:

      Buyers can strengthen their relationships with suppliers by offering timely payments.

    • Streamlined Processes:

      Buyers can work with financial institutions to manage the entire process, reducing administrative burdens associated with invoice handling and payment.

    How it Works

    01

    One Time Credit Limit Set-up

    • Limit amount and period finalized basis risk assessment of Anchor Buyers and Sellers
    • Digital on-boarding of Buyers and Sellers

    02

    Digital flow of Anchor confirmed invoices

    • Integration with Seller’s ERP for online invoice flow
    • System for uploading digitally signed POs, if ERP integration is unavailable

    03

    Online Disbursement

    • Buyer confirmed invoices funded within 24 hours
    • Disbursement done in Seller’s designated Bank account
    • Limits revised post each disbursement

    04

    Online Repayment before due date

    • Flexibility for Seller to pay Lender anytime prior to due date
    • NACH presented on the due date for payment from Seller to the Lender
    • Limits get replenished after every payment
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