Product
Gain 2-5x additional returns with zero overheads
Digitise vendor management. Gain 3x participation
Avail flexible finance options for early invoice payment
Go live in days with quickest ERP integration
60% plus vendor participation resulting in 2x discounted invoices; ability to discount invoices throughout the year
3k+ enterprise worth experience of integrations, onboarding and customer success
Solve for invoices, taxes, payments and credits together making it an all-in-one solution
Choose from Treasury, TReDS, Bank/NBFCs for financing through the platform
Deep and bi-directional ERP integrations with automated reconciliation and accounting
Flexibility for vendors to bid discount rates and days at each invoice level
Invoice discounting is a financing option available for all businesses. However, enterprises with large MSME vendor bases have more to gain with invoice discounting.
Invoice discounting is non-collateral supply chain credit, where suppliers are paid early by corporate customers against a discount.
Increase EBITDA by discounting invoices of your large supplier base using treasury funds, banks or TReDs. Fully integrated with ERP.
Know more →Use EarlyPay to access affordable financing anytime on your pending invoices. Get real-time status on invoice processing and payments.
Know more →Enable low-risk vendor financing via AI/ML powered platform. Increase limit utilisation by getting access to good-rated corporates.
Know more →Clear Finance is the new financial services offering from Clear. We are eager to replicate our success in simplifying tax and compliance, in the financial services sector. We are focused on creating customer-first products that reimagine what is possible to simplify financial services and help supply-side partners manage their funnel exposure smartly and as per their requirement.
At Clear, we have been making dependable software solutions that serve individuals, SMEs, CAs, and enterprise customers since 2011. Repeated requests from our customers for other high-quality solutions to augment their existing software products led us to launch Clear Invoice Discounting, which will run in parallel to our existing SaaS offerings, and provide select financial services.
Clear Invoice Discounting is our first financial services offering, and enables suppliers to get paid early on their invoices– rather than wait out the long credit periods. For enterprises (or buyer companies), it provides multiple ways to easily fund these early payment requests at a mutually-agreed upon discount, creating a win-win scenario for both parties involved.
Not only have we significantly increased our returns and reflected them in our EBITDA, we have also increased business efficiency with the platform seamlessly integrating with our ERP & supplier requests being received digitally. All approvals done on the platform has made excel based working completely redundant.
We are extremely happy to have partnered with Clear on this supplier financing platform. The way they have worked seamlessly with our IT and finance team to ensure that our system integrates seamlessly with their platform is commendable. It is a win-win situation for the suppliers as well as the company.
Teaming-up with Clear Invoice Discounting has been a great experience. They have always delivered more than our expectations, the team has a great understating of Business nuances and ERP Integration, especially in a steadfast environment of SAP.
Not only have we significantly increased our returns and reflected them in our EBITDA, we have also increased business efficiency with the platform seamlessly integrating with our ERP & supplier requests being received digitally. All approvals done on the platform has made excel based working completely redundant.
Our suppliers are very excited as this gives them an additional source of funding at the click of a button along with clear visibility on the date of receipt of money in their bank account. Xpedize has helped us achieve significant savings in the last one year. I would like to recommend this solution to all my peers in the industry.
Teaming-up with Clear Invoice Discounting has been a great experience. They have always delivered more than our expectations, the team has a great understating of Business nuances and ERP Integration, especially in a steadfast environment of SAP.
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Invoice discounting is a process where a vendor gets paid against an invoice on a date earlier than the agreed credit period. The amount paid will be lower than the actual invoice amount, hence the process is called invoice discounting.
The discount rate is the cost of getting paid early, for the vendor. The amount of discount depends on the period for which the early payment is sought and other factors such as the cost of capital by the buyer/financier.
The invoice discounting program is enabled by the buyer over the fully-digital Clear platform, where vendors can request early payment. An enterprise can leverage its own funds or use invoice marketplaces and earn higher return than most investment instruments.
The enterprises can directly source from the treasury or use from unutilised bank limits.
Vendors bid for early payment against their invoices. They can use early payments to meet their working capital requirements.
The program is useful for all enterprises (buyers) that have a ₹ 300 Cr+ annualised spend on vendors and work with a supplier credit period of 30+ days.
This program gives the flexibility to deploy your own funds in financing your supply chain against a financier-driven factoring program. Additionally, this is a fully-digital program, thereby removing any overheads, paperwork, and hassles that are associated with factoring programs.
The Clear Invoice Discounting program can be made live in 2-4 weeks, depending on the type of ERP of the buyer. Once that is done, it takes just a few minutes to invite and onboard your vendors.
Yes, the Clear platform follows industry best practices for data protection.
Invoice discounting works like a revolving funding facility where service provider forwards funds against unpaid invoices on the basis of their worth.
No, invoice discounting is an off-balance sheet item since it is availed on the basis on unsettled invoices.
