In the world of business, one can often notice that the terms “bills” and “invoices” are used interchangeably as both of these commercial documents contain details of a sale. However, you must note that despite the various similarities between the two, they are not completely identical and are meant to fulfill different purposes. Sounds interesting,…
Category: Bill-Discounting
Bill Discounting And Bill Negotiation Are Not The Same
Even though bill discounting and bill negotiation serve more or less similar purposes, they are distinct from one another in several ways. So, if you use them interchangeably – you may want to STOP right now! To understand what we are hinting at, look at the differences between them from an exporter’s perspective. Check out…
How Are MSMEs Leveraging Bill Discounting Platforms Today?
It is a known fact that the MSME sector plays a key role in India’s economic landscape. Over the years, it has emerged as an engine of growth, contributing significantly to the country’s employment, GDP, and exports. On the downside, however, MSMEs navigate through several uncertainties in the course of their businesses, and a perennial…
Factoring And Discounting Of Bills For Smooth Liquidity
A large section of Indian companies struggle to access funds from formal credit facilities. This often makes sustenance cumbersome for most small and medium-sized firms. Thus, alternative funding options like factoring and bill discounting are gaining currency among businesses looking to resolve cash flow issues. These options are steadily emerging as the industry’s answer to…
What Are The Primary Types Of MSME Loans?
Did you know that only 16% of the MSMEs in India have access to formal funding? In other words, over 80% of this sector are either underfinanced or are forced to access funds from informal sources, according to an IFC-Intellecap report. This glaring gap in access to credit not only leads to a wide disparity…
MSME Delayed Payments: Bill Discounting Platform To End Cash Flow Crisis
Did you know an annual report on MSME in 2018-2019 stated that these enterprises contribute to at least 30% of the country’s output? The report also stated that the sector was responsible for creating 120 million jobs. But like most other business sectors, MSMEs also struggle with delayed payments. As a result, they often find…
GST-Based Bill Discounting: A Relief For MSMEs
The Indian MSME sector is in a constant struggle to acquire credit from financial institutions. Without a reliable source of finance, many small-scale businesses struggle to keep their operations afloat. The GST-based bill discounting system was implemented in India to ease such financial difficulties for the country’s micro, small, and medium enterprises. This can help…
How Can Bill Discounting Help Your Business Grow?
Cash is king. It’s perhaps an expression you would have heard of if you’re running a business. Ever wondered what it signifies? In simple terms, it denotes the importance of hard cash, and tells us more about how sufficient cash flow at all times, takes precedence over registering sales and profits on paper. Why’s that?…
Job Loss Or Pay Cut – How To Protect & Manage Your Finance?
Whether it’s a pandemic-induced recession or an unforeseeable change in the job market, individuals are always at the risk of unanticipated unemployment or pay cuts. Although it’s as distressing as it gets, you might not have to feel devastated if you protect and manage your finances efficiently. Take a look at the tips to help…
What Is The Difference Between Bill Discounting And Bill Purchase?
Steady cash flow is critical to keep operations of any business enterprise running smoothly and for its overall growth. Unsettled bills can, however, often hinder the regularity in receiving cash or fund. You can thus leverage the unpaid invoices in your books to secure funds immediately via bill financing. It’s a broad term with two…