Receivables financing platform is built-to-suit for enterprise clients and offers a scalable, efficient, and flexible model to monetize their receivables, while distributors may opt to extend credit periods
Lengthy receivable cycles
Limited distributor network coverage in traditional bank-led programs
Minimal distributor engagement limits program adoption
Difficult to scale ad-hoc cash discount arrangements with distributors
Maintaining distributor loyalty with non-exclusive distributors
Limited access to funding through bank-led channel finance programs
Lengthy paperwork and on-boarding due to limited digital intervention
Limited access to unsecured and collateral free financing
Receivables financing platform is integrated with the ERP system of the enterprise.
The anchor enterprise uploads all approved distributor invoices onto the platform for distributors to request credit extension for their invoices
Distributors activate their accounts on the CredAble platform to view their invoices and choose the number of days of credit extension and the commensurate interest cost
Enterprise clients get the option to accelerate their receivables from distributors at their time of choosing
Both monetization of receivables and distributor credit extension are facilitated by CredAble’s partner network of banks, NBFCs and other Financial Institutions
Financial institution funds the enterprise on its requested date. The financial institution is repaid by the distributor on the revised due date. CredAble’s technology maps and tracks both process and payment flows
Align receivables cycles with payables timeframes
Potential to structure solution as an off-balance form of financing
Maximised coverage of dealer and distributor network
Credit enhancement options available for distribution network improve sales performance
Improves quality and economics of relationships with distribution networks
Distributors have the flexibility to customise and choose credit periods as per their working capital requirements
Extension of credit periods and subsequent availability of cash leads to increased purchasing power, that translates to higher sales
A cloud-based platform with complete digitized on-boarding time to allow businesses to access the benefits anytime, anywhere
Apart from the premium that the distributor needs to pay to extend credit period, there is no other hidden cost
Access to blue-chip ‘new-to-bank’ enterprise clients
Efficient technology platform to pursue large-scale trade finance opportunities with existing and new clients
Cross-sell opportunities across product lines
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.