Create Invoices & Get paid fast, Estimates Timesheet, Expenses, Record Payments
A lot of factors influence the day-to-day operations of an SME business, the most important being the cash flow. As per International Finance Corporation, the overall financing gap in the MSME space is Rs. 2.93 Trillion and that around 97% of MSME’s in India face a working capital crunch. Long credit cycles can adversely affect the cash situation, and an SMB owner must explore financing options to tide over the situation. One such financing solution is the Invoice Discounting Facility.
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Invoice Discounting
Put simply, this method of financing is a short-term borrowing that helps in converting the outstanding Invoices that are due, into immediate cash required for running your SME business.