Early payment for GeM invoices through TReDS
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About M1xchange
M1xchange was launched by the parent company Mynd Solutions in 2017 to set up and operate the Trade Receivables Discounting System (TReDS) Portal under the Payment and Settlement System (PSS) Act 2007 for the benefit of MSMEs. Mynd Solutions is licensed by the Reserve Bank of India (RBI) to establish TReDS, an electronic platform and institutional mechanism, to facilitate the financing of trade receivables of MSMEs from corporate buyers through multiple financiers.
M1xchange is one of the TReDS platforms that connects MSMEs, corporates, banks, and non-banking finance companies (NBFCs) through a transparent mechanism.
M1xchange has discounted 50,00,000+ invoices, amounting to more than Rs 3,50,000+ crore, since the inception of the platform, facilitating ease of transactions for more than 1,00,000+ registered MSME vendors located across 2500+ cities.
The M1 Edge for GeM Sellers & Buyers
Sellers
Looking to discount receivables at a low cost without collateral or recourse? Choose invoice discounting through the TReDS platform!
- Digital & paperless discounting of receivables. No follow-up required.
- No collateral to be given to financiers.
- Digital registration and onboarding on TReDS
- Multiple financiers on a single platform to discount MSME receivables.
- Immediate credit to MSME working capital or current account by the financier within 24 hours of invoice discounting.
- Competitive rates offered by financiers Repayment by buyers on the due date of invoices, i.e., without recourse to MSME sellers.
Buyers
Get immediate financing through TReDS to pay your MSMEs and show compliance with MSMED Act.
- 100% digital transactions from anywhere.
- Uncollateralized finance for buyers.
- Financing tenor till 180 days.
- Lower administration costs for vendor financing, payments, and settlements.
- Easy & speedy financing of MSME receivables at highly competitive rates through multiple bank bidding.
- Assured compliance with MSMED Act, 2006, for making payment to MSMEs within 45 days from the goods acceptance date.
- Automated repayment to financiers on due date through NACH mandate.
An Introduction To Trade Receivable Discounting System (TReDS)
TReDS is an electronic platform for facilitating the financing/discounting of trade receivables of Micro, Small, and Medium Enterprises (MSMEs) through multiple financiers. These receivables can be due from large corporates and other buyers, including Government departments and Public Sector Undertakings (PSUs). TReDS is an interesting example of how digitization is helping MSMEs get access to working capital by auctioning their receivables. Moreover, TReDS is a post-shipment financing option for the MSME sector because they get their receivables within 24 hours of the bills being accepted by the buyer.
Government
e-Marketplace (GeM)
The Government e-Marketplace (GeM), launched on August 9, 2016, by the Ministry of Commerce and Industry, Government of India, is an online platform for public procurement of everyday use goods & services required by various Government departments/organizations/PSUs in India.
The initiative was undertaken to create an open and transparent procurement platform. GeM aims to enhance transparency, efficiency, and speed in public procurement. It provides the tools of e-bidding, reverses e-auction, and demand aggregation to facilitate government users to achieve the best value for their money.
Empowering GeM Sellers & Buyers: The Impact of TReDS
- Easy & speedy financing of receivables at highly competitive rates through multiple bank bidding
- Non-recourse finance for vendors
- Off-balance sheet and uncollateralized finance for buyers
- Assured compliance as a result of confirmed within 24 hours payment to MSME vendors
- Lower administration costs for vendor financing, payments, and settlements
- 100% digital transactions from anywhere
Register on M1xchange to unlock funds against unpaid invoices