Definition

Our channel financial service is offered in association with leading foreign and private sector banks in the country and consists of providing online finance to the distributors / dealers of leading companies. The objective of our channel finance service is to enable client organization to sell to their Distributors / Dealers on cash basis and eliminate debtors from the books altogether.

Objective

• Convert credit sales into cash sales.
• Better Supply Chain Visibility.

Value Propositions

Seller Organizations

• 100% secured payment
• 100% timely payment
• Single window in terms of online visibility of transactions
• Increased buying power for your channel partners
• 24x7x365 basis transactions
• Without any recourse (financial or otherwise)

Channel Partner (Distributor / Dealer)

• Competitive cost of fund (better than existing working capital cost)
• No security or collateral attached (Clean credit)
• Hassle free documentation
• Over and above existing credit line
• Flexible tenure available (30 to 90 days) for repayment to banks

Role of finance junction

MJ shall provide Seller Organizations a single point of contact for the channel finance process, in terms of:

• Design and implementation of the entire scheme
• Liasioning with the partner banks for ensuring competitive interest rates and the finance requirement of the distributor/dealer depending on the risk profile of the distributor/dealer and the risk appetite of the Banks.
• Effective MIS reports on 24 * 7 * 365 basis.
• Invoice Details
• Transaction Details (Drawdown & Repayment)
• Daily Balance Report
• Customer Complaint Handling Portal
• Loyalty Programme
• Transaction Auto Alerts (SMS & Email)

Achievements

• Arranged online finance of more than 10000 crs.
• Covered more than 150 channel partners spread across the country.
• 100% cash sales by clients.
• Interest rate brought down by 400 basis points.

Service Usage Loyalty Incentive Scheme

Loyalty Points have been introduced to reward , recognize & retain distributors under the various finance schemes.

At financejunction, we recognize and appreciate that Distributors are the most integral and invaluable link in the steel supply chain. It is the Distributor who makes it possible for TATA STEEL to reach out to end users of steel across the country with their products. That's why it is our constant endeavor to make your business processes as convenient and hassle free for you as possible through our eChannel Finance. Our echannel finance offers you unsecured finance at the most competitive rates, at the click of a button and instant disbursal (with auto generation of MR) to bring down your finance costs.

And NOW..., we have added more power and excitement to our existing scheme by giving you reward points every time you avail of finance through us, which you can accumulate and redeem at intervals against a horde of attractive products as wide ranging as - Diamond , Laptop Bags , Moisanite Jewellery , Computer Accessories , Fashion Jewellery , Soft Toys , Kitchen Appliances, Watches , Luggage & Handbags , Non Stick Cookware , Kitchenware , Mobiles & Telephones , Men's Accessories , Health Equipments , Apparels , Perfumes & Deodorants in short, something for everyone!