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Dynamic Discounting in India - MYND FINTECH

Dynamic Discounting u2013 We at MYND Fintech, helps you raise locked-in receivables early basis invoices confirmed by the respective customers and improve your cash cycle.<br>

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Dynamic Discounting in India - MYND FINTECH

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  1. Dynamic Discounting in India - MYND FINTECH Dynamic Discounting – We at MYND Fintech, helps you raise locked-in receivables early basis invoices confirmed by the respective customers and improve your cash cycle. More Info myndfin.com

  2. Understanding Mynd Fintech Dynamic Discounting Mynd Fintech’s Dynamic discounting is a strategic approach to supply chain financing that offers early payment incentives to suppliers in exchange for cash discounts. This mutually beneficial practice enhances cash flow for the vendor, ensuring on tap liquidity and offers a better treasury yield for the company. Simultaneously, suppliers benefit from timely payments, fostering stronger relationships and reliability. This collaborative strategy streamlines operations ultimately contributing to improved profitability and working capital management for all parties involved CONTACT US myndfin.com Read More. . .

  3. Features: Improved Cash Flow Management: Accelerate cash outflows by offering early payment discounts to suppliers, ensuring liquidity for immediate expenses. Reduced Borrowing Costs: Cost-effective short-term financing compared to traditional borrowing methods, with lower supplier discounts than interest rates or loan fees. Flexibility in Invoice Selection: Choose when and which invoices to pay early, tailoring short-term financing to immediate cash flow needs. Strengthened Supplier Relationships: Foster collaborative relationships by offering early payment options, resulting in enhanced reliability and preferential treatment. myndfin.com

  4. Reduced Reliance on External Financing: Decrease dependence on external financing sources, ensuring stability during financial uncertainty or tight credit periods. Operational Efficiency: Streamline payments and reduce administrative overhead through automated dynamic discounting platforms, benefiting short-term financing needs. myndfin.com

  5. How it Works Digital flow of Anchor confirmed invoices Online Disbursement Online Repayment before due date One Time Credit Limit Set-up Authenticated PO’s are funded within 24 hours Disbursement done in Seller’s designated Bank account Limits revised post each disbursement Flexibility for Dealer to pay Lender anytime prior to due date NACH presented on the due date for payment from Dealer to the Lender Limits get replenished after every payment Limit amount and period finalized basis risk assessment of Anchor Corporate and Dealers Digital on-boarding of Anchor and Dealers Integration with Anchor’s ERP for online invoice flow System for uploading digitally signed POs, if ERP integration is unavailable myndfin.com

  6. Benefits of Dynamic Discounting Cash Flow Management Cost Savings Risk Reduction Supplier Relations Financial Control myndfin.com

  7. FAQs Frequently Asked Questions Got questions? We have answers! Check out our FAQs to find quick, clear, and helpful solutions to your most common queries. Don't miss out! myndfin.com

  8. Q. What is Mynd Fintech Dynamic Discounting, and how does it work? Ans. Mynd Fintech Dynamic Discounting is a supply chain financing strategy that offers early payment discounts to suppliers in exchange for prompt payment. It helps companies manage cash flow by providing flexibility in invoice payment timing. Q. What are the key benefits of Dynamic Discounting for buyers? Ans. Dynamic Discounting offers several advantages for buyers, including cost savings, improved cash flow management, enhanced supplier relationships, reduced payment risk, and greater financial control. myndfin.com

  9. Q. How does Dynamic Discounting benefit suppliers? Ans. Suppliers benefit from Dynamic Discounting through improved cash flow, reduced payment risk, increased flexibility, stronger buyer relationships, and operational efficiency improvements. Q. What role does technology play in Dynamic Discounting? Ans. Technology is crucial in Dynamic Discounting for automating the payment process, real-time visibility into cash flow, and efficient management of invoices and discounts. Mynd Fintech technology platform enables you to easily and quickly access dynamic discounting myndfin.com

  10. THANK YOU Call us : 1800-103-7261 myndfin.com More Info

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