Enabling growth for your vendors and suppliers with easy, collateral free, debt free working capital through a digital platform that will also empower your business profitability.
Maintain your own working capital while addressing the persistent follow ups of your suppliers. You can now, shorten receivables cycles, as they exert pressure on a supplier’s ability to meet financial commitments.
A new age digital platform to ease your interaction with each supplier. Enables online documentation, record keeping & decision algorithm via integration with your existing ERP systems.
Each supplier can offer a percentage discount on their invoices using the platform and you can negotiate cash discounts for early payments bilaterally with each individual supplier.
Traditional lending can fall short due to credit quality restrictions. Also, it may require collateral, guarantees and other fixed costs. Credable enables working capital at a discount without any hidden costs.
Working capital loans burdens a business with debt. Credable empowers all your suppliers to participate in the digital platform and get access to debt free working capital. They can grow their businesses without borrowing.
Credable platform is built to engage with suppliers on a large scale. For the suppliers, registration is free and uploading of invoices is simple and quick. What’s more, our relationship managers will be there for any support.
Manufacturing, logistics, services or retail: whatever be your industry, you can empower your suppliers & vendors with collateral free working capital in just a day or two.
For a multi-vendor marketplace, Credable platform can empower the sellers with quick working capital.
From raw materials to delivery, your vendors & suppliers will get access to funds before the payment date
All your contract staff and partners can access funds to meet their financial commitments
All your ancillary units can better manage their working capital with Credable’s digital platform
Enable your delivery vendors to unlock the money tied up in delivery invoices before the due date
Here is a step by step process flow to illustrate how Credable will make it simple and quick to manage all your suppliers and vendors with one platform.
The Early Payment platform is customized and integrated with the ERP system of the enterprise client. The platform acts as a digital marketplace for each supplier of the anchor enterprise
The anchor enterprise uploads all approved invoices onto the marketplace for suppliers to be able to request early payment of their invoices
Suppliers activate their accounts to view their invoices, choose an early payment date and offer a flat percentage discount in exchange for the early working capital
Enterprise client has complete control in terms of reviewing the payment requests. It can suggest an edit, or approve the early payment requests
The CredAble platform has capital providers integrated into the system. When a payment request is accepted, the platform facilitates the early payment into the supplier’s account
On the invoice due dates, the anchor enterprise makes the invoice payments, which are credited to the accounts of the relevant capital provider
Early payment program of CredAble is a technology-enabled platform that helps enterprises to maintain a healthy cash-flow balance and liquidity for business growth. Credable has the technology expertise, trade finance knowledge to make it easy for small and large enterprises to facilitate on demand working capital for their suppliers and vendors.
It is beneficial to both sides of supply chain: Allows client enterprises to maintain their payment cycle, and suppliers can still get paid earlier. It even allows you to turn payables into income.
We are a Non-Banking Financial Corporation (NBFC) and have partnerships with 3rd party capital providers to offer quick and easy working capital.
Our blockchain enabled technology platforms facilitate funding across procurement and distribution activities within the supply chain. Suppliers turn their receivables into cash without having to borrow and enterprise clients turn their payables into income by choose to extend their payment terms with just few click on CredAble’s digital platform.
Let us analyse the benefits of the digital platform of CredAble for enterprises vis-Ã -vis suppliers and vendors
Stronger trade relationships with suppliers
Flexibility to maintain or extend days payable while suppliers are paid early
CredAble’s marketplace dynamics drive ‘best rate’ discovery on supplier offered discounts and cost of 3rd party capital
Platform is built to engage with suppliers on a large scale
Documentation, record keeping and reconciliation with ERPs is digital
All suppliers are eligible to participate and grow their businesses without borrowing
Suppliers access working capital at fair discounting rates without any hidden costs
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 invoice and payment related data
Documentation, record keeping and reconciliation with ERPs is digital
CredAble as India’s leading FinTech Company has been featured by top Media houses.
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