Gain 2-5x additional returns with zero overheads
Increase vendor participation upto 3 times
Go live in days with quickest ERP integration
Increase EBITDA by discounting invoices of your large supplier base using treasury funds, banks or TReDs. Fully integrated with ERP.Get in touch →
Use EarlyPay to access affordable financing anytime on your pending invoices. Get real-time status on invoice processing and payments.Get in touch →
Enable low-risk vendor financing via AI/ML powered platform. Increase limit utilisation by getting access to good-rated corporates.Get in touch →
60% plus vendor participation resulting in 2x discounted invoices; ability to discount invoices throughout the year
3k+ enterprise worth experience of integrations, onboarding and customer success
Solve for invoices, taxes, payments and credits together making it an all-in-one solution
Choose from Treasury, TReDS, Bank/NBFCs for financing through the platform
Deep and bi-directional ERP integrations with automated reconciliation and accounting
Flexibility for vendors to bid discount rates and days at each invoice level
Clearfin is the new financial services offering from the makers of Cleartax. We are eager to replicate our success in simplifying tax and compliance to the financial services sector, in short “simplify finance”. We are focused on creating customer-first products that reimagine what is possible and simplify financial services, to help supply-side partners manage their funnel exposure smartly and as per need.
At Clear, our sister concern, we have been making usable and dependable software solutions that serve individuals, SMEs, CAs, and enterprise customers since 2011. The repeated requests from our customers for other high-quality solutions to augment their existing software products led us to launch Clearfin, which will run in parallel to our existing software/SaaS offering and provide select financial services.
Clearfin Invoice Discounting is the first product to be launched from our new company and enables suppliers to get paid early on their invoices, rather than wait out the long credit periods. For the enterprise or buyer companies, it provides multiple ways to easily fund these early payments at a mutually-agreed discount, leading to a win-win for both parties.
Vendors get paid early and also get clarity on payment dates. Vendors calling our procurement teams for payments has totally stopped, and our teams now focus on core tasks. Highly recommended!
The flexibility to choose between treasury funds and external capital enables us to run a highly nimble program utilising our surplus most efficiently. Ease of use and automation has ensured there are no overheads for us to run the program.
Clearfin has been critical in managing risk in our supply chain during Covid pandemic. The team was able to not just set-up the platform in a very short time, they also onboarded our vendors digitally and helped start transacting.
Clearfin has not only helped us increase our bottomline, but also improved the financials of our vendors. Our vendors are now less dependent upon other financial institutions for loans and have better working capital.
Invoice discounting is a process where a vendor gets paid against an invoice on a date earlier than the agreed credit period. The amount paid will be lower than the actual invoice amount, hence the process is called invoice discounting. The discount rate is the cost of getting paid early, for the vendor. The amount of discount is dependent on the period for which the early payment is sought and other factors such as the cost of capital by the buyer/financier.
The Invoice discounting program is enabled by the buyer for the buyer-seller ecosystem. The program is delivered over the fully-digital Clearfin platform, where vendors can request for early payment of invoices by forgoing a discount. An enterprise can leverage its own funds (directly from the treasury or from unutilised bank limits) or use invoice marketplaces to finance the early payment through Clearfin Invoice Discounting. Enterprises can earn higher return than most investment instruments by deploying funds through Clearfin Invoice Discounting.
Vendors bid for early payment against their invoices. They can use early payments to meet their working capital requirements.
The program is useful for all enterprises (buyers) that have a 300 Cr+ annualised spend on vendors and work with a supplier credit period of 30 days+
This program gives the flexibility to deploy your own funds in financing your supply chain against a financier-driven factoring program. Additionally, this is a fully-digital program, thereby removing any overheads, paperwork, and hassles that are associated with factoring programs.
The Clearfin Invoice Discounting program can be made live in 2-4 weeks, depending on the type of ERP of the buyer. Once that is done, it takes just a few minutes to invite and onboard your vendors.
Yes, the Clearfin platform follows industry best practices for data protection.