BillMart | Purchase Bill Discounting | Simplify Your Procurement Financing

Purchase Bill Discounting allows buyers to submit unpaid purchase invoices to a financial institution for immediate cash, unlocking liquidity while waiting for their own revenue. In PID, the Anchor act as the Borrower and amount to be disbursed to the vendor directly. In this case, vendor does not take any guarantee in this product.

How Purchase Bill Discounting Works?

Buyer (Anchor) advances a purchase order on the Supplier requesting for goods or services.
The Supplier provide the goods or services & raises invoice on the Buyer (Anchor).
The Buyer (Anchor) sells the invoice(s) to the financer to raise funding based on accepted invoice(s) and due date period agreement with Supplier.
Based on validation of the transaction for parameters like operational limit availability, validity of invoice, etc. financer is instantaneously processing for disbursement by considering the interest parameter into the Supplier’s account.
On the due date the Buyer (Anchor) processes for repayment to the financer.

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Frequently Asked Question (FAQs)

1.What is Purchase Invoice Discounting?

Purchase Bill Discounting is a financing arrangement where a buyer (anchor/borrower) secures funds to pay their suppliers early. The financer pays the suppliers directly on behalf of the buyer, allowing the buyer to optimize their working capital while ensuring timely payments to their vendors.
2.Who can benefit from this product?

Buyers and vendors seeking to streamline payment processes.
3.What are the key benefits for buyers?

Immediate access to funds, better vendor relationships, and reduced payment delays.
4. Is collateral required for Purchase Invoice Discounting?

No collateral is required.
5.Can small businesses use Purchase Invoice Discounting?

Yes, it is designed for businesses of all sizes, including MSMEs, to manage their cash flow effectively.