Accelerating Liquidity for India’s Leading Commercial Vehicle Manufacturer’s Supply Chain

A Case Study on Enterprise-Driven Payables Financing 

Working Capital Headwinds in a Multi-Tiered Supply Chain 

One of India’s leading commercial vehicle manufacturers, with a vast network of suppliers across casting, fabrication, electricals, and heavy engineering, faced a persistent challenge—delayed payments to their suppliers on approved invoices, which was impacting their working capital availability. 

In this sector, supplier payment cycles often extend between 45–75 days, leading to cash flow bottlenecks, strained supplier relationships, and operational inefficiencies across the production lifecycle. In such a high-dependency supply chain, late payments affect inventory planning, capacity readiness, and overall business agility. 

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The Objective: Building a Digitally Enabled Early Payment Program

The commercial vehicle manufacturer set out to: 

• Enable early payments on approved invoices to enhance liquidity across its supplier ecosystem 

• Improve transparency, flexibility, and efficiency in supplier payment experiences 

• Strengthen supplier retention and drive adoption across diverse supplier cohorts 

• Improve visibility and control over vendor-level cash flow metrics 

The broader objective was to transform the payables function from a post-facto settlement activity into a forward-looking working capital strategy. 

The Approach: Platform-Led Payables Financing with Supplier-Centric Design

CredAble collaborated with the client’s finance and procurement teams to structure a scalable payables financing solution tailored to: 

• Work with approved invoices as the base for early payment activation 

• Offer fix, flexible and auto discounting models suited to different supplier types and liquidity needs 

• Deliver an end-to-end digital platform that seamlessly integrates with the client’s existing ERP systems without any disruption to existing processes 

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The Solution: Early Payment Platform Built for Scale

CredAble deployed an enterprise-grade payables financing platform with the following features: 

1. Supplier Segmentation & Mapping 

Vendors were segmented based on invoice volume, payment cycles, and liquidity needs—allowing contextual early payment offers across the supplier base. 

2. Discounting Flexibility 

Suppliers could opt for fixed-rate, dynamic, or auction-based discounting—enabling tailored funding outcomes. 

3. Vendor Enablement Framework 

A multilingual onboarding and support strategy drove program adoption across both short-tail and long-tail vendors. 

4. Self-Service Supplier Interface 

Suppliers gained full visibility into invoice status, discount options, and payment timelines—improving trust and platform stickiness. 

5. ERP-Compatible Automation 

The platform leveraged real-time triggers from the client’s ERP to activate workflows tied to approved invoices. 

6. Real-Time Program Insights 

A centralized dashboard offered visibility into performance metrics, discount utilization, and supplier-level engagement data. 

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Impact Delivered

In just two quarters of rollout, the program delivered: 

• $68.5 million in early payment throughput 

• 24-day reduction in average supplier payment cycle 

• 100+ suppliers onboarded, through a focused engagement and training initiative 

• 2x QoQ growth in invoice volume processed via the platform 

These outcomes directly contributed to stronger supplier relationships, better production continuity, and measurable working capital benefits. 

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Turning Payables into a Supply Chain Advantage

In the commercial vehicle manufacturing industry, timely payments to suppliers are more than a financial hygiene metric—they’re a foundation for scale, reliability, and continuity. 

By enabling early payments on approved invoices and digitizing the supplier experience, the manufacturer transformed payables into a strategic tool for working capital optimization, ecosystem resilience, and long-term supply chain health. 

“Early payments aren’t just financial transactions—they’re levers of trust, agility, and long-term supply chain health.” 
— CredAble Working Capital Strategy Group 

Think Working Capital… Think CredAble!