Problem
Small and medium-sized businesses (SMBs) often face cash flow issues due to delayed payments from their customers. This can lead to financial instability and difficulties in maintaining business operations. In addition, financing options for SMBs are limited, and traditional lending institutions may not always provide them with the financial support they need.
Approach
To address these challenges, we developed a platform for invoice discounting and dealer finance for an NBFC that lends money to SMBs. The product captures the setup of Anchors (large companies) and their supply-chain partners, either dealers or vendors. Invoices are uploaded to the platform periodically, and vendors can discount invoices and avail of advance cash, while dealers can avail loans for payment of invoices.
Solution
Our solution provides an easy and efficient way for SMBs to access financing options and improve their cash flow management. The platform has several modules, including credit scoring, invoice management, discounting, finance, relationship management, and interface with corporate systems and FI systems.
With our platform, SMBs can access financing options by uploading their invoices periodically, which can then be discounted by vendors or financed by dealers. The platform also provides credit scoring, which helps the NBFC to evaluate the creditworthiness of the SMBs and make informed lending decisions.
In addition, our platform also provides relationship management tools, which helps the NBFC to maintain relationships with its clients and improve customer satisfaction.
Overall, our platform provides an easy and efficient way for SMBs to access financing options and improve their cash flow management. It helps the NBFC to make informed lending decisions, maintain relationships with its clients, and improve its overall operations.