Invoice Discounting For Fast-Moving Consumer Goods (FMCG) Industry - KredX
Invoice Discounting For Fast-Moving Consumer Goods (FMCG) Industry - KredX
Invoice Discounting For Fast-Moving Consumer Goods (FMCG) Industry - KredX
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Invoice discounting can aid the FMCG industry by freeing up cash sitting in unpaid invoices, thus ensuring a seamless supply
chain. FMCG industry requires a lot of additional costs like packaging, transportation, storage, etc. Payments for these
services require additional working capital. In the case of large orders, the suppliers 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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Why KredX?
Quick access to liquidity: Get access to fast funds via KredX’s invoice discounting technology empowering vendors and
suppliers to be verified and receive funds within 24-72 hours*
Collateral free: No need for securities or collaterals to get working capital
Discount rates ~ 1.2-2%**: Get unpaid invoices discounted at competitive discounting rates
Easy digital process: Enjoy a hassle-free digital process with a unique technology on the KredX platform
Off-the-books: Zero-liability invoice discounting service offered by KredX with no impact on your balance sheet
Real-time status update: Track the status of listed invoices on the platform
KredX offers a holistic solutions to all our patrons from the FMCG industry. The company was offered a tailor-made ‘Payable
Financing’ product effectively repurposing their capital needs for better allocation of liquidity, wherein:
Vendors raise invoices against the company payable within 60 days
KredX does payables financing and pays vendors on the on time
Discounted invoices are listed on KredX’s platform for 90 days
KredX’s Investors buy the invoices at a higher rate which is pre-decided as per the terms and conditions
At the end of 90 days, KredX Investors receive the principal amount invested + profit earned
KredX's invoice discounting facility helped the business to better manage its liquidity along with maintaining a better
relationship with its customers. Furthermore, it aided in opening new avenues for the company in terms of growth and
expansion.
Documentation:
The following documents are required for the onboarding stage
KYC of directors
CIBIL record of directors
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 cheques
Tri-partite undertaking involving KredX
Memorandum of Association and Article of Association
Personal guarantee letter
Articles of association
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1/30/23, 7:53 PM Invoice Discounting For Fast-Moving Consumer Goods (FMCG) Industry - KredX
Any FMCG business that supplies goods/services to large blue-chip companies can avail the invoice discounting services
offered by KredX. The company should be willing to share their financial information and other related documents for the
verification process.
Will invoice discounting on KredX affect the balance sheet of the company?
Logistics
E-commerce
Manufacturing
Services
FMCG
Healthcare
Warehousing
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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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