Finance backed by Purchase Orders issued by Anchors. Collateral free borrowing for suppliers of all sizes.
Large gap for suppliers between receiving orders and having invoices accepted for discounting
Long cash-to-cash cycles of 60-90 days choke cash flows and make it hard for businesses to grow
Borrowing through formal channels without collateral is difficult for most suppliers
CredAble evaluates, onboards and sets up individual credit limits for suppliers for an agreed tenor
Anchor raises Purchase Orders on suppliers and shares the POs with CredAble via SFTP server
Suppliers to request for funds against the POs shared with CredAble
CredAble along with third-party capital providers to fund the escrow account of the suppliers and onwards to the suppliers’ vendors
Suppliers to raise invoices with underlying approved POs post the delivery of goods or service
On due date, the Anchor to pay the gross invoice amount in the escrow account. CredAble to transfer the apportioned portion to the capital provider and balance to the supplier
All suppliers, including the long tail, have access to PO financing
No collateral required from the suppliers
Account registration is free, simple and quick. CredAble’s relationship managers will assist suppliers through the process
The platform provides complete data transparency to suppliers with regards to PO, invoice and payment related data
Program is completely Anchor driven
Stronger trade relationships with suppliers
Platform is built to engage with suppliers on a large scale
All payments routed through an escrow mechanism to ensure transparent flow of funds
Covid-19 has presented unique and unprecedented challenges to everyone. Every business is different and merits a personalized solution basis your suggestions.
Please fill in this form and our relationship managers will get in touch with you to craft a personalized solution for you.