The digital forward SME financing solutions from CredAble offer a range of financial options and services designed to help companies manage their cash flow while maximizing operations.
Fintech platform, CredAble has joined hands with Mahindra First Choice Wheels Ltd (MFCWL), a key player in the pre-owned auto business sector, to digitise their invoicing process. As part of the partnership, the ompany will align its cutting-edge e-invoicing platform to transform the way MFCWL interacts with its network of 745 yards across the country, revolutionising the parking industry.
The company’s digital forward SME finance solutions deliver a variety of financial alternatives and features tailored to assist businesses in managing their cash flow while optimising operations. It also offers powerful solutions, such as the GST Super Search tool for quick vendor verification, B2B payment solutions like automated payment reminders, online collections and reconciliation, vendor management, and more.
For Mahindra First Choice Wheels Ltd, CredAble’s e-invoicing platform will play a significant role in simplifying, automating, and expediting the otherwise traditional manual invoicing operations, channelling the easy flow of funds throughout the supply chain with accuracy, claimed the company.
Reacting to the partnership with MFCWL, Ashutosh Taparia, managing director and chief revenue officer of CredAble said, "Our collaboration with MFCWL will revolutionize their invoicing processes and fuel their growth trajectory with powerful financial tools. Together, we are unlocking the potential to optimise operations, streamline efficiency, and pave the way for accelerated growth."
Ashutosh Pandey, MD and CEO at Mahindra First Choice Wheels Limited said, "By leveraging CredAble’s innovative platform, we are not only simplifying and digitising our invoicing operations but also enhancing our vendor relationships through greater transparency and collaboration. This will ultimately lead to seamless processing, timely payments, and reduced audit complexities."
Founded in March 2017 by Nirav Choksi and Ram Kewalramani, CredAble is one of the largest working capital technology platforms enabling more than $6 billion annually in working capital for India Inc. which includes large, mid, and emerging corporates, SMEs, and financial institutions. The company's platform hosts over 125+ corporate customers, over 300,000 small business borrowers, and over 35+ large financial institutions and banks.