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Supplier Bill Discounting in India

How does Priority VendorTM work?

Priority Vendor is a fully automated early payment platform for both suppliers and buyers. In addition to providing a seamless digital experience, we have a proactive, multi lingual Supplier Engagement team and an experienced Client Engagement function to assist with any queries suppliers or our clients may have.

process
What is Early Payment?
Early Payment is the process by which a supplier gets payment against their invoices before the due date by offering a cash discount on the invoice to the buyer. This allows the supplier access to liquidity and helps manage their working capital. Priority Vendor is a platform which facilitates early payment to the suppliers by creating bespoke cash discounts against approved invoices from the buyer.
What is Invoice Discounting?
Invoice discounting is the process by which a supplier raises working capital from a third party for its financial needs using the unpaid account receivables (invoices) as a collateral. The amount received from the third party is slightly lower than the original value of the invoice. Invoice discounting essentially accelerates cash flow from buyer, so that instead of waiting for the buyer to pay within their normal credit terms, the supplier receives cash much before the due date.
What is Supplier / Vendor Finance?
Vendor or Supplier Finance is a working capital optimization tool for both the buyer and supplier. Through a third-party financier, the buyer can extend its payment terms while providing the supplier an early payment.
How does Priority Vendor work?
  1. Supplier raises an invoice for goods/ services against the Buyer
  2. Buyer shares selected, approved invoices with Priority Vendor
  3. Priority Vendor creates and communicates discount offers to Supplier, who accepts an offer using a click through process
  4. Priority Vendor shares supplier discount offers with Buyer for Buyer’s acceptance
  5. Buyer makes payment to supplier net of cash discount (for offers which are accepted)
Why choose Priority Vendor?
  1. Priority Vendor helps unlock working capital for the supplier and improves margin for the buyer
  2. Completely voluntary and paperless process and can be used by all categories of suppliers (raw material, packing material, spares, marketing material, logistics etc)
  3. GST compliant
  4. Multi-lingual Supplier Engagement team

Contact Us

location
 

6th Floor, TAPASYA CORP HEIGHTS, SECTOR, 126, NOIDA EXPRESSWAY, Noida, Uttar Pradesh-201303, India

 help@priorityvendor.com         +91 95555 99222

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