Professional Documents
Culture Documents
No follow-up required for payments with the buyer as online acceptance of invoice by
the Buyer is the pre- requisite for factoring.
Not dependent on a single Financier- Multiple financiers viz., Public Sector Banks,
Private Banks, Foreign Banks, FIs, NBFC Factor etc., will be available on the platform.
MSMEs have the right to choose the best / lowest bid in case MSME seller bears the
cost
Payment on T+1 on acceptance of bids by the MSME Seller. RXIL Platform will help the
MSME Seller to receive its payment within 45 days from the Goods Acceptance Date as
per the MSMED Act 2006
By registering on RXIL TReDS Platform, the vendor will be able to receive all their
payment dues from all the customers (Buyers) through the platform subject to other
Buyers also on-boarding on RXIL TReDS Platform