Bills Discounting

Bills discounting involves cashing bills of exchange before the maturity date by any bank or financial institute for an amount that is less than the face value. It provides greater control over withdrawals with information about the date of bill maturity, eliminating the need to maintain large unutilized ideal cash balance.

Key Value Differentiators

Faster go to market with personalized and innovative offerings
Shorter turn-around-time for end to end processing of applications
Easy handling of high business volume
Optimized receivables operating cycle
End to end automation of the application process flow
Enhanced control over business risk and credit management

FinnOne Neo Bills Discounting solutions

Centralized and controlled master set-up for quick-to-market schemes
Capability for queue management, deviation handling, identity management, and user access rights control
Definition of various parameters as per policies
Incorporation of workflow for multi-stage approval and deviation processes

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