The biggest challenge that an MSME or a Startup faces if of liquidity of Funds, which is the most important aspect of running the business seamlessly. New enterprises do not have the privilege of enjoying the usual Credit terms which an established organisation does. In fact they usually work by paying advance for procuring goods and services required for their deliverables. In such a situation, a product like bill discounting is no less than a boon to them. Bill discounting is not a new method of short term financing, however, the availability of a digital platform for the same has made it far more accessible for the businesses today. A synopsis of online bill discounting is given below:
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