Modern Trade (MT) emerged during the early 1990s in India and this retail format found more takers due to favourable factors like easy and modern shopping experience. It consists of the hugely popular supermarkets and hypermarkets than retail FMCG. In a short span of time, modern trade has skyrocketed its opportunities as it’s the preferred channel for every consumer of the country. Today, Modern Trade commands the FMCG sales, it’s an urban phenomenon that has opened up an important sales platform catering to urban shoppers.
It’s a known fact that modern trade needs a continuous supply of goods and vendors to make a beeline in meeting the huge requirements. The logistics in today’s competitive marketplace might not be a major concern, instead, it's the pending invoices that slow-down the entire process. A sensible approach to deal with this existing crisis is Invoice Discounting.
The supply chain that caters to the MT behemoth is huge and the network further extends to a large number of vendors and suppliers who keep ticking the business continuously. Suppliers definitely require quick working capital for modern trade management to sustain their business.
Invoice discounting for Modern Trade can facilitate in more than one way
A business has to undergo two stages after successfully completing signup
KredX follows a rigorous, multifaceted evaluation process to verify the authenticity and intent of businesses.
The following documents are required for the onboarding stage