Case Studies

Businesses offering a credit line to their customers are at a high credit risk that often leads to a cash flow crunch due to delayed repayments affecting business activities and outcomes. A furniture renting business providing furniture to Individuals and Businesses by offering a credit line faces a similar problem...

“Cash is King” is a common phrase that signals to most of the businesses to pay close attention to cash flow and it's management. Maintaining cash flows is not that easy and is often considered an arduous task especially when customers are not paying on time. Similarly, a auto component manufacturing company was struggling with the...

Haggling is an art. Perhaps what you heard is certain. MSME's in the field of manufacturing and trading are very much familiar with the painful tasks of collecting dues from its customers. It is not easy for any businessman to deal with long credit cycles especially if they are going up more than 180 days resulting in the cash crunch. On top of this, across the globe the MSME sector has been hit hard by the pandemic induced crisis.

MSME'S (Micro Small & Medium Enterprises) are known for their significant contribution to the Indian economy. Despite being widely acknowledged for social and economic development, 90% of them are still facing financial difficulties, which has caused the majority of them to become reliant on their creditors.

One of the well-known wholesale distributors from Hyderabad, who provides a diverse range of kitchen equipment, utensils, and crockery has been experiencing difficulty in collecting dues from their customers who are some of the large renowned hotels. The wholesale distributor had learned about Recordent from one of their acquaintances and joined the platform to improve collections Recordent is a technology platform that assists businesses in improving collections and reduce the risk by providing insights into prospective customer's payment history.

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