Generate risk-free returns
Improve and deepen your supplier relationships
Transform your procurement process
Generate risk-free returns by investing in
your supply chain
Transform your procurement process from
cost center to profit center
Improve and deepen your supplier
relationships by paying them early
The buyer gets discounts on invoice payments
Vendors get paid earlier which prevents working capital financing costs
The overall efficiency of the supply chain improves
Buyer offers vendors the option to get paid before the credit period
Vendors bid for the discount rate and days for which early payment is sought
The buyer approves bids that match its savings expectation
Vendor receives discounted amount before due date and buyer saves on transaction
Eliminates the need for manual intervention at all stages of the transaction
Vendor ready to seek discounting on invoices in <30 minutes
Facilitates seamless digitally-enabled processes and workflows.
Diversify capital base of the program through connects with invoice discounting marketplaces and banks
Vendor scoring model and powerful dashboards to ensure maximised returns
Flexibility for vendors to bid discount rates and days at each invoice level
Eliminates the need for manual intervention at all stages of the transaction
Vendor ready to seek discounting on invoices in <30 minutes
Facilitates seamless digitally-enabled processes and workflows.
Diversify capital base of the program through connects with invoice discounting marketplaces and banks
Vendor scoring model and powerful dashboards to ensure maximised returns
Flexibility for vendors to bid discount rates and days at each invoice level
Invoice discounting is a process where a vendor gets paid against an invoice on a date earlier than the agreed credit period. The amount paid will be lower than the actual invoice amount, hence the process is called invoice discounting. The discount rate is the cost of getting paid early, for the vendor. The amount of discount is dependent on the period for which the early payment is sought and other factors such as the cost of capital by the buyer/financier.
The Invoice discounting program is enabled by the buyer for the buyer-seller ecosystem. The program is delivered over the fully digital Clear platform, where vendors can request for early payment of invoices by forgoing a discount. An enterprise can leverage its own funds (directly from the treasury or from unutilised bank limits) or use invoice marketplaces to finance the early payment through ClearID. Enterprises can earn higher return than most investment instruments by deploying funds through Clear invoice discounting.
Vendors bid for early payment against their invoices. They can use early payments to meet their working capital requirements.
The program is useful for all enterprises (buyers) that have a 300 Cr+ annualised spend on vendors and work with a supplier credit period of 30 days+
This program gives the flexibility to deploy your own funds in financing your supply chain against a financier-driven factoring program. Additionally, this is a fully digital program, thereby removing any overheads, paperwork, and hassles that are associated with factoring programs.
This program can be made live in 2-4 weeks, depending on the type of ERP of the buyer.
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