Invoice discounting India is the process in which a business sells invoices to a third-party company, which is also known as a financing company. After selling the invoice, the business receives a percentage of the total amount, which is billed to the client, whereas the finance company acquires the responsibility of collecting the complete payment from the purchaser.
The main reason for companies to sell their invoices is to get access to cash, which enhances their cash flow and working capital cycle.
This method of financing is followed by companies which cannot afford for clients to pay their bills often. Invoice discounting in India is deemed an effective alternative method as compared to other ways of finance such as loans, FDs or overdrafts.
1. Invoice discounting provides dynamic bidding, which states flexibility for vendors to bid discount rates and days at each invoice level.
2. It has Zero overheads, which is worth the experience of integrations, onboarding and customer success.
3. It has AI/ML-powered solutions which solve invoices, taxes, payments and credits together, making it an all-in-one solution.
4. It provides unlimited supply options through which you can choose from the treasury, Treds, and bank/NBFCs for financing through the platform.
5. It gives 2-5x returns - More than 60% vendor participation resulting in 2x discounted invoices; ability to discount invoices throughout the year.
6. It gives us a fully digital set-up through deep and bi-directional ERP integrations with automated reconciliation and accounting.
Safurns is a tech-enabled platform which is the best invoice discounting platform in India which is designed to improve cash flow for operational needs and speed up expansions with the utmost confidentiality. At Safurns, we are committed to keeping growing your portfolio at higher rates through our range of seamless invoice financing options at minimal risk.
Instantly validate your business on the Safurns platform and receive funds within 24-72 hours*.
Access cash based on your company's outstanding invoices without the need for collateral.
Expand your business without affecting your balance sheet.
Stay informed about your invoice status through the Safurns self-serve module, providing real-time updates.
Easily upload your documents and invoices using the paperless process on the Safurns platform.
Experience a seamless and transparent process from listing invoices to the disbursal of funds.
Join the Safurns platform and submit the necessary documents for verification.
Upon successful document verification, complete the onboarding process on the Safurns platform.
Upload your invoices, and a Safurns accredited investor will proceed to purchase them.
Once the purchase process concludes, funds will be transferred to your business account within 24-72 hours.