CredAble, a prominent fintech platform that provides working capital and supply chain finance solutions, has collaborated with Mahindra First Choice Wheels Ltd (MFCWL), a major participant in India’s pre-owned auto business, to streamline their invoicing process. Credable will align its revolutionary and cutting-edge e-invoicing platform as part of the agreement to alter the way MFCWL communicates with its network of 745 yards across the country, transforming the parking business.
CredAble’s digital forward SME financing solutions offer a wide range of financial options and features designed to help firms manage their cash flow while optimizing operations. It also provides strong solutions like the GST Super Search engine for speedy vendor verification, B2B payment solutions such as automated payment reminders, online collections and reconciliation, vendor management, and more.
CredAble‘s e-invoicing technology will play an important role in simplifying, automating, and accelerating the otherwise traditional manual invoicing activities for Mahindra First Choice Wheels Ltd, channeling the easy flow of cash throughout the supply chain with precision.
Digitization is projected to minimize not just the number of man-hours required for invoicing but also the turnaround time by establishing a transparent system that removes the need for invoice approval, tracking, chasing, and human errors. CredAble’s e-invoicing platform is projected to improve the way MFCWL operates by providing seamless parking services and great client experiences.
Delighted to partner with MFCWL, Ashutosh Taparia, MD & Chief Revenue Officer-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 optimize operations, streamline efficiency, and pave the way for accelerated growth. This partnership signifies our commitment to empowering businesses with innovative solutions, and we look forward to propelling Mahindra First Choice Wheels to new heights of success.”
CredAble and MFCWL will use their knowledge and technology skills in the automobile industry through this strategic cooperation. It will also make it easier for enterprises and yards to streamline their invoicing journey, assuring smooth and efficient processing, on-time payments, and simplified reconciliation, reducing audit and operational challenges.
Ashutosh Pandey, MD and CEO at Mahindra First Choice Wheels Limited, said, “We are excited about our partnership with CredAble, which will bring about a transformative change in our invoicing processes. By leveraging CredAble’s innovative platform, we are not only simplifying and digitizing 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.”
The relationship demonstrates both firms’ commitment to promoting innovation and supporting financial stability across the supply chain ecosystem, with improved invoicing processes and maximized working capital offering a competitive advantage in the market.