Credit line to your distributors
Enhance your cashflow by enabling dedicated business friendly credit line to your distributors
Benefits to you
Enhance cash flow
Accessing funds immediately after invoicing alleviates stress on working capital while simultaneously enabling an increase in order value by supporting the working capital needs of distributors. Ensures that both manufacturer and distributors have access to the necessary funds to support their business operations.
Reduce collection risk
Distributors are offered dedicated credit lines, providing manufacturers with transparency on the liquidity of their distributors and automating transaction processing. This streamlined approach to financing enhances efficiency and reduces administrative burdens.
Improved distributor relationships
Business-friendly, manufacturer-led credit program for distributors provides flexible payment terms that align with their business cycles, ensuring that distributors can manage their cash flow effectively. This approach offers a credit period to distributors without negatively impacting the manufacturer’s own cash flow.
Kredflo features
Transparency
Having visibility into the available credit, overdue amounts, and transaction history for each distributor empowers manufacturers to make informed supply decisions. This transparency allows manufacturers to easily assess the available credit and identify any overdue payments, ensuring that they can manage their relationships effectively. Additionally, the system prevents the raising of invoices if sufficient credit is not available.
Collection
Manufacturers can streamline their invoicing process by sending invoices with payment requests directly to distributors, who then have the ability to approve these requests. To enhance efficiency, automated follow-ups are initiated if payment requests remain unapproved, ensuring timely responses and reducing delays in cash flow. Additionally, the system supports cash discounts in the event of a refund.
Automatic reconciliation
Auto-reconciliation solutions offer transaction traceability against invoices issued, providing visibility into key details such as the distributor, invoice number, amount, date, and time. These solutions seamlessly integrate with existing ERP systems, ensuring a streamlined and efficient reconciliation process. In the event of any discrepancies, dedicated support teams are available to promptly investigate and resolve issues.
Know your distributors
Comprehensive due diligence is conducted on potential distributors, including checks on their GST registration, PAN details, incorporation status, CIBIL score, and account statements. This rigorous process ensures that only financially sound and compliant distributors are onboarded, mitigating risks and fostering a stable supply chain ecosystem. By thoroughly vetting distributors, manufacturers can make informed decisions.
Ongoing liquidity analysis
To optimize the distribution network, it is essential to assess the liquidity of distributors, ensuring that the appropriate amount of liquidity is available before initiating any demand generation activities. This proactive approach includes conducting ongoing financial health checks of distributors. If a distributor demonstrates eligibility and a need for additional resources, manufacturers can consider increasing their credit limit.
Streamline receivables process
01.
Payment request
Upload invoice to our dashboard to share it with distributor along with payment request.
02.
Payment approval
Distributor can approve the payment request once they get notified & is ok to pay.
03.
Account settlement
Amount will be credited to your account and distributor gets payment receipt.
04.
Provision for cash discounts
Cash discounts on past transactions auto managed in upcoming transactions.
Benefits to distributors
Enjoy interest-free credit periods, enables to invest in business, grow operations, and maintain smooth cash flow.
Invest
Opportunity to invest more in finding new retail partners and expanding retailer network. Also, allocate funds towards enhancing distribution infrastructure and hiring skilled personnel, ensuring efficient operations and timely delivery of products.
Operate
Flexibility to manage working capital effectively by extending the payment timeline until the actual collection occurs, reduce the stress on financial resources and allocate funds more efficiently.
Grow
Cater to increased demand without the stress of managing immediate financial obligations. Access to credit line and flexible payment terms enables to focus on driving growth rather than merely surviving.
Seamless integration
Integrate with your existing systems for an even smoother experience
Integration to ERP
Integrate our platform with your existing ERP and accounting systems.
Data Security
Protect your sensitive data with industry-leading security protocols.
Technical Support
Enjoy dedicated support from our team to ensure a smooth integration process.
Get in touch
Reach out to us to explore how Kredflo can benefit you. We look forward to serving you.
HiLITE Business Park, Kozhikode, PIN: 673014
Email Us: info@splendre.com