- The Economic Times Rise
There’s a need to technologically enhance invoice discounting in India
One of the leading impediments to overall health and sustainability of supply chains is the uncertainty in payments.
As a consequence, the small-scale vendors find themselves in uncharted territories after delivering the goods and no certainty on the payments.
on an average for 57 days, taking up new projects or completing ongoing assignments becomes difficult for most MSMEs.
Thus, invoice discounting, can be the magic wand that has the potential to unlock working capital for SMEs, thereby expediting the entire process of procurement to the payment cycle.