request finance

Using this option you can raise the funds from the bank for various business activities like to pay off your liabilities or for working capital requirement to start production of a new order. These funds are arrange by availing finance against your invoices.

You can select multiple invoices for a particular program and associated party to avail finance against those invoices or purchase orders. You will view maximum percentage allowed to avail that finance depending on the program and the associated party selected. The corporates can also request for a bulk amount of finance which is less total Financeable amount.

Pre-Requisites

User must be having a valid corporate login credentials for creation of program.

You are here How to reach here:

Dashboard > Toggle menu >Supply Chain Finance > Finance Management > Request Finance
OR
Dashboard > Toggle menu >Supply Chain Finance > Overview > Quick Links > Request Finance

To request finance:

  1. From the Associated Party Name list, select the Counter Party or the Anchor to view the invoices for requesting for Finance.
  2. From the Program Name list, select the Program Name and ID to view corporate user's invoices to request for Finance.
  3. From the Currency to be disbursed list, select the currency in which the disbursement of Finance is required.
  4. Click Submit to submit the request.
    OR
    Click Clear to reset the entered data.
  5. Based on the entered data, outstanding invoices are displayed.
  1. Select checkbox against one or multiple invoices to request finance. Based on the selection Total Selected Invoices, Total Amount Selected, and Amount Requested for Finance get displayed.
  2. Click Request Finance to request finance against the selected invoice(s).
    OR
    Click Cancel to cancel the transaction.
    OR
    Click Back to navigate back to previous screen.
  3. The review screen appears. Verify the details, and click Confirm.
    OR
    Click Back to navigate back to previous screen.
    OR
    Click Cancel to cancel the transaction.
  4. The success message of request initiation appears along with the reference number.
  5. Click on the View Finances link to view the list of created invoices with their status.
    Click on the Supply Chain Overview link to go to Supply Chain Finance dashboard
    OR
    Click on the Go to Dashboard link to go to Supply Chain dashboard.

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