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    Need of Purchase invoice discounting

    Purchase Invoice Discounting is essential for buyers to optimize cash flow, strengthen supplier relationships, and reduce operational costs. By enabling payments with discounted rates, it bridges cash flow gaps, avoids supply chain disruptions, and minimizes reliance on high-interest loans. This solution ensures suppliers are paid promptly, fostering trust and reliability while enhancing procurement efficiency. Businesses benefit from cost savings and uninterrupted operations, driving financial flexibility and growth. An indispensable tool, Purchase Invoice Discounting supports smoother supply chain dynamics and helps companies maintain a competitive edge.

    Enhancing Liquidity through Mynd Fintech’s Purchase Invoice Discounting

    Mynd Fintech simplifies business challenges by providing Purchase Invoice Discounting, enabling buyers to access funds against approved invoices. This enhances liquidity, ensures timely supplier payments, and optimizes cash flow. Our platform fosters strong supplier relationships, streamlines accounts payable, and drives sustainable business growth.

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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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