CredAble is India’s largest working capital tech platform enabling more than $6 Billion working capital annually. As an umbrella platform for all working capital solutions, CredAble caters to the working capital requirements of India Inc which includes large, mid, emerging corporates, MSMEs, and financial institutions. CredAble’s platform hosts over 100 corporate customers, over 2,50,000 small business borrowers, and over 35+ large financial institutions and banks CredAble provides comprehensive working capital financing solutions to leading corporates across Asia in areas of Payables Financing, Receivables Financing and Securitization, Debt Capital Markets and SME Financing.
How does technology enable supply chain financing to bridge the credit gap for SMEs?
Technology plays a crucial role in enabling supply chain financing to bridge the credit gap for SMEs. Digital platforms and data analytics allow for faster and more efficient access to financing by connecting suppliers, buyers, and financiers. Technologies like blockchain enhance transparency, security, and trust in transactions, reducing risks for lenders. Automation streamlines processes, reduces paperwork, and enables real-time tracking of inventory and payments. This technology-driven approach improves efficiency, lowers costs, and enables SMEs to access working capital, driving growth and sustainability in the supply chain ecosystem.
How does CredAble help SMEs in managing their working capital effectively?
CredAble’s innovative solution provides supply chain financing, enabling SMEs to access early payments and bridge cash flow gaps. By connecting buyers, suppliers, and financiers, CredAble streamlines the entire process, ensuring timely and efficient transactions. With data-driven risk assessments, SMEs can unlock the value of their receivables, optimizing working capital utilization. CredAble’s platform also offers dynamic discounting, allowing SMEs to negotiate better payment terms and improve liquidity. By empowering SMEs with tailored working capital solutions, CredAble facilitates their growth, financial stability, and resilience in the market.
As of today, CredAble disburses over USD 6 BN in working capital annually and works with 35+ leading financial institutions, 125+ corporates and 250,000+ small business borrowers.
What are the main challenges faced by small and medium-sized enterprises (SMEs) in accessing credit?
Small and medium-sized enterprises (SMEs) in India face several challenges in accessing credit. Limited financial history, lack of collateral, and inadequate documentation make it difficult for them to meet traditional lenders’ requirements. Additionally, the unorganized nature of their business operations and limited digital footprint pose challenges in evaluating their creditworthiness. SMEs often struggle with high interest rates and stringent loan repayment terms. The lack of awareness about available financing options and complex loan application processes further hinder their access to credit. These challenges collectively contribute to the credit gap for SMEs, impeding their growth and expansion potential.
How does CredAble help SMEs improve their cash flow and liquidity with their technology-enabled supply chain financing?
CredAble empowers SMEs to enhance cash flow and liquidity through a robust technology-enabled supply chain financing solution. By leveraging our award-winning user-friendly platform, SMEs can access early payments for their invoices, bridging cash flow gaps and ensuring timely working capital.
The technology-driven approach enables seamless integration between buyers, suppliers, and financiers, streamlining the financing process. With real-time visibility into transaction data and risk assessment models, CredAble provides accurate and efficient financing decisions. This improves cash flow predictability, reduces reliance on delayed payments, and enables SMEs to optimize their working capital effectively, fostering business growth and financial stability.
What are the future trends and developments in tech-enabled supply chain financing?
The future of tech-enabled supply chain financing is poised for exciting trends and developments. One significant trend is the use of technology to penetrate multiple layers of supply chain financing, including deep-tier financing. According to a report by McKinsey, digitizing the end-to-end cycle of procure-to-pay and order-to-cash processes can unlock $2.9 trillion in working capital globally. Automation and digitization in these areas streamline operations, reduce paperwork, and enhance efficiency throughout the supply chain. Additionally, data-led credit assessment powered by advanced analytics and AI algorithms enables more accurate risk evaluation and faster decision-making. The integration of technology in supply chain financing is set to revolutionize the industry, driving growth and unlocking substantial economic potential.