A business is likely to face invoice-related issues at some point or the other. Common mistakes in invoicing can cause payment delays and confuse customers or land up businesses in legal disputes. Hence, businesses need to perform invoicing in an accurate and timely manner to maintain a positive cash flow and their reputation. It’s not…
Category: Invoice Discounting
How To Streamline Your Invoice Processing?
Managing accounts payable is an essential part of maintaining a company’s financial health. The mission here is not to merely pay the bills but incorporate a system that ensures accuracy and increases the legitimacy of a business. Invoice processing, for instance, is integral in the proper functioning of the accounts payable department. It ensures smooth…
Invoice Discounting To Boost Suppliers’ Cash Flow For The Automotive Industry
Of late, more entrepreneurs are recognising the benefits of opting for invoice discounting to boost operating cash flow. And why not? It allows business owners to access cash timely without adding to their existing liabilities. Recently, the automotive industry has taken an interest in the concept of invoice discounting and is rapidly adopting it to…
How To Modify Your Business Financial Management Strategy?
The current economic slowdown has brought in several financial challenges to businesses in India. According to data, 71.31% of the companies have experienced shrinkage in their cash flow due to the situation. It resulted in deferred payments, a slowdown in business operations, etc. These issues primarily cropped up because the pandemic took everyone by surprise,…
Alternative Solutions To Small Business Credit Woes
The coronavirus pandemic has left a significant dent in the economic growth globally. According to an IMF report, the global economy contracted about 3.5% in 2020, which is 0.9% higher than the predicted figure. However, this international body is also expecting a turnaround in 2021 with a projected growth of 5.5%. Keeping in sync with…
Can Invoice Financing Be Beneficial For SMEs?
The SME sector is widely touted as the Indian economy’s engine of growth. As per a report shared by FICCI, this sector is responsible for creating over 11.10 crore jobs in the nation. Small and medium enterprises also make up around 40% of India’s export and 45% of its manufacturing output. Access to business loans…
Ease Your Cash Flow & Vendor Management With Discounting Platforms
Small and medium businesses often find themselves in cash flow crises and debacles of improper resource management. Often these arise due to lengthy credit periods to customers. Thus, more businesses are embracing invoice discounting as a viable means to bolster working capital. Resultantly, discounting platforms are gaining momentum, striving to streamline and simplify the process…
The Enigma Of Invoice Discounting & Financing Receivables
Though some businesses often refer to invoice discounting and financing receivables as an ‘enigma’, it’s safe to say they are not mysterious in any aspect. The reason why most businesses struggle with invoice financing is often because of inadequate knowledge about it. In case you are having some difficulty understanding the concept of invoice discounting…
Is A Bill Same As An Invoice?
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,…
Invoice Discounting And Its Timely Reassessment
Do you know what sets invoice discounting apart from traditional funding options? Its flexibility. Ideally, it is a funding option that does not add to your existing debt or create new ones. It is merely an asset-based financing option; wherein, businesses use their unpaid invoices to raise capital. Over the years, invoice discounting has been…