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Invoice Discounting For Ecommerce & Retail Industry
Invoice Discounting For Ecommerce & Retail Industry
Invoice Discounting For Ecommerce & Retail Industry
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The electronics sector enjoys the largest share of the e-retail market segment in India. However, customers are now showing
an inclination towards purchasing other products from online platforms. This has led to an increase in products to meet the
varying demands of the customers.
Managing the daily operations and clearing unpaid invoices can be challenging, resulting in the need for quick access to
working capital. Invoice discounting can help fund the retail and e-commerce industry by freeing up cash sitting in unpaid
invoices. Both retail and the e-commerce industry need to purchase their products from the suppliers. In the case of large
orders, the vendors need to wait for the payments which are cleared anywhere between 30 days to 90 days in most of the
cases. Challenges like upfront payment to sellers, delayed receivables, prolonged and delayed payment cycle, high overhead
costs, and operational inefficiency further add on to the challenges that the industry could face.
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Fulfilment of the supply chain with access to working capital at all times
Effective running of the supply chain from retailers to suppliers
Greater customer satisfaction
Why KredX?
Prompt access to funds: Get working capital swiftly with KredX’s invoice discounting technology enabling retailers,
manufacturers, and wholesalers to become verified vendors and receive funds within 24-72 hours*
No collaterals: Freedom from collateral and securities to get working capital
Discount rates ~ 1.2-2%**: List unpaid invoices at competitive discounting rates
Hassle-free process: Enjoy a secure digital process with simple technology on the KredX platform
Real-time status update: Track the status of listed invoices on the platform
KredX offered an increased revenue creation potential from a service provider perspective as overhead costs could be
afforded in time. In addition to this, better adoption of business strategies was possible due to the availability of readily
accessible funds and aided in the setting up of tangible growth parameters because of timely revenue retention. This, in turn,
enabled the company to meet its objectives in time and enhanced prospects of business growth.
Pre-sanction stage: Once an retail and e-commerce business comes seeking for invoice discounting service on the
platform, KredX initiates the process to assess its profile. This stage will need the verification of a set of documents
Sanction: After verifying the documents, KredX sends a Sanction Letter which requires a signature from the vendor
Post-sanction stage: Once the vendor has signed the Sanction Letter sent by KredX, another set of documents are
required by us to begin listing the invoices on the platform
KredX follows a meticulous, multifaceted evaluation process to verify the authenticity and intent of businesses.
Documentation:
The following documents are required for the onboarding stage
Pre Sanction stage*:
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KYC of directors
CIBIL record of directors
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Proof of address and PAN Card of company
Bank statement of the last 12 months
Books of account/audited financials
Sales data for the last 1 year
Loan Declaration
Board Resolution
Post dated cheque
Tri-parties undertaking involving KredX
Memorandum of Association and Article of Association
Personal guarantee letter
Articles of association
Any retail and e-commerce business that supplies goods/services to large blue-chip companies can avail the invoice
discounting services offered by KredX. Financial information and other related documents should be shared by the
company to ensure verification on the platform.
Will invoice discounting on KredX affect the balance sheet of the company?
Logistics
E-commerce
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Healthcare
Warehousing
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(https://kredx.com/blog/should-your-consider-selling-your-products-online/)
RECENT NEWS
'KredX enables the growth of (MBusiness) by unlocking cash tied up in customer invoices
(https://economictimes.indiatimes.com/small-biz/sme-sector/prime-venture-partners-invests-750000-in-kredx/articleshow/51806888.cms?
frmapp=yes&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst)
Sumit Sharma
KredX has helped us unlock the potential of our business receivables shortening our cash-to-cash cycle, thereby giving us business owners
flexibility to work more efficiently.
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