Up next is invoice discounting. It’s very easy to confuse bill discounting and invoice discounting since the terms sound so similar and help solve the same problem, but these are two very different processes. This is primarily because invoice discounting uses unpaid invoices to act as collateral for a loan. These loans are relatively short-term because the company can pay them back as soon as…

This is invoice discounting blog

The coronavirus pandemic has left a significant dent in the economic growth globally. According to an IMF report, the global economy contracted about 3.5% in 2020, which is 0.9% higher than the predicted figure. However, this international body is also expecting a turnaround in 2021 with a projected growth of 5.5%. Keeping in sync with the global economic growth, the Indian economy showed sign…