Axis Bank provides Corporate Loans for the supply chain management of corporates. The products under this section cater to the funding needs of the supply chain members and help increase operational efficiency of the entire chain. The service delivery is through a technology platform designed to increase transactional convenience for the corporates. The funding solutions for the supply chain include Dealer Financing, Factoring of Receivables, Purchase Invoice Financing or Vendor Financing and Rent Receivable Financing.
- Dealer Financing: This product is designed to provide financing facility to the dealers or distributors of a particular corporate exclusively for their purchases made from that Corporate. The facility gives an easy access to finance the dealers or distributors and helps a Corporate in strengthening its distribution network.
- Factoring of Receivables: Factoring facility involves the purchase of accounts receivable in a trade transaction. The seller gets instantaneous liquidity and the buyer gets credit at an affordable cost. This form of credit helps the corporate in boosting its sales and managing the receivables efficiently.
- Purchase Invoice Financing or Vendor Financing: The product is designed to provide financing to vendors of a particular Corporate against supplies made to the corporate. It aids the cash flow of a vendor and helps to improve the overall supply chain's performance and reliability. Corporates can use this facility to develop a strong and reliable vendor base.
- Rent Receivable Financing: These products are designed for companies involved in renting out goods like computer hardware, furniture, construction equipments etc to other companies. The loans are advanced against future rent receivables.