Product
Gain 2-5x additional returns with zero overheads
Digitise Vendor Management
Increase vendor participation upto 3 times
Flexible finance options for early invoice payment
Go live in days with quickest ERP integration
Invoice discounting is non-collateralised supply chain credit where suppliers are paid early by corporate customers against a discount.
Invoice discounting is a financing option available for all businesses. However, enterprises with large MSME vendor bases have more to gain with invoice discounting.
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 →
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
Clear Invoice Discounting is the new financial services offering from the makers of Cleartax. We are eager to replicate our success in simplifying tax and compliance to the financial services sector, in short “simplify finance”. We are focused on creating customer-first products that reimagine what is possible and simplify financial services, to help supply-side partners manage their funnel exposure smartly and as per need.
At Clear, we have been making usable and dependable software solutions that serve individuals, SMEs, CAs, and enterprise customers since 2011. The 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 software/SaaS offering and provide select financial services..
Clear Invoice Discounting is the first product to be launched under the new financial services offerings, and enables suppliers to get paid early on their invoices – rather than wait out the long credit periods. For the enterprise or buyer companies, it provides multiple ways to easily fund these early payments at a mutually-agreed discount, leading to a win-win for both parties.
Client Testimonials
Vendors get paid early and also get clarity on payment dates. Vendors calling our procurement teams for payments has totally stopped, and our teams now focus on core tasks. Highly recommended!
The flexibility to choose between treasury funds and external capital enables us to run a highly nimble program utilising our surplus most efficiently. Ease of use and automation has ensured there are no overheads for us to run the program.
Clear has been critical in managing risk in our supply chain during Covid pandemic. The team was able to not just set-up the platform in a very short time, they also onboarded our vendors digitally and helped start transacting.
Clear has not only helped us increase our bottomline, but also improved the financials of our vendors. Our vendors are now less dependent upon other financial institutions for loans and have better working capital.
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.
