SOLVING CASHFLOW WOES OF AN MSME SUPPLIER OF ELECTRICAL ANCILLARIES

An MSME manufacturer and supplier of electrical ancillaries from Kolkata supplies to a pool of large corporate buyers. As per the standard contract, the due date of payment is 45 days from the date of invoice. This leads to a temporary blockage of funds for the MSME and creates a shortage of working capital.

With help of M1xchange, a leading TReDS platform in India, the MSME is able to receive funds against its invoice in 2 days by discounting their bill thus ending their working capital woes.

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