Smart contracts are like regular contracts except for the rules of the contract are enforced in real-time on a blockchain, which eliminates the middleman and adds levels of accountability for all parties involved in a way not possible with traditional agreements. This saves businesses time and money, while also ensuring compliance from everyone involved.

True Contracts is a sophisticated Decentralized Smart Contracts Marketplace, where two or more parties can interact and execute their transactions and projects on Blockchain, ensured with absolute transparency and immutability. We enable users to take the advantage of blockchain technology, right from signing the contract and handling the complete workflow of their projects on our decentralized smart contracts marketplace, where they can handle every stage of the project on chain.

Typically, any participants who wants to transform their transactions from conventional paper based to foolproof, code driven, secured Blockchain based platform, can use True Contracts. All the stakeholders of Infrastructure projects like Government Organisations, Contractors, Sub Contractors, Vendors, Institutional Investors etc can participate and execute their transactions on our platform.

Immutability, Transparency, Secured, Code driven, Tamper-proof, Streamlined Procedures are few of the major advantages users can benefit from transacting on True Contracts.

At True Contracts, we believe that each blockchain journey is unique, and we provide our user with a frictionless experience in the most sophisticated way, after careful analysis of user requirements. We customize best suited solutions and will integrate them to the user’s existing infrastructure thruvata simple API integration.

Unlike many Blockchain and Crypto projects, which try to raise funds from the market, merely by projecting their idea or concept, True Contracts has successfully conceptualized and developed a robust Decentralized Smart Contracts Marketplace, on which users can implement their contracts and complete their projects. We have also customized and developed these solutions for almost all the 770 Government Organisations in India and our team of developers are relentlessly working to construct and customize these facilities for every single government organization in the G20 countries, with the goal of completing the process in every single country worldwide

Invoice factoring, also known as accounts receivable factoring, is a type of financial transaction in which a firm sells its unpaid bills to another company, known as a factoring company, in exchange for a discount. To have access to immediate cash flow, factoring is a method utilized by companies who sell their goods or services to other companies (or the government).

The process of invoice factoring consists of four primary components:

• Your Business
• Your clients (debtors)
• One or more outstanding invoices
• A factoring company (the factor)

The procedure for factoring contains seven steps:

Step 1: Your company sells to another company and issues invoices with terms ranging from 30 to 90 days.

Step 2: You set up an account with a factor.

Step 3: You provide the factor with your outstanding invoices.

Step 4: The factor advances quick cash based on a predetermined proportion.

Step 5: The debtor settles the invoice.

Step 6: The payment is deposited into a reserve account for the time being.

Step 7: After deducting the costs and amount advanced, the factor wires the remaining sum to your bank account.

Invoice factoring is only available to B2B businesses (enterprises that sell to businesses OR the government). However, factoring is not designed to serve retail stores. Factoring is a readily available source of operating capital for developing startups, small companies, and existing companies that sell on credit to creditworthy customers.

The potential reasons include the following:

• Cash flow is required for continuous spending, payroll, and other vendor payments
• The inability to obtain working capital from a financial institution
• Cash flow is required to supplement present finance
• The company chooses to refrain from incurring debt

The following are the advantages and disadvantages of invoice factoring:

Pros

• Quick cash flow boost
• High approval ratio
• You can give terms to your customers without worries
• Cash flow without debt
• Low qualification requirements and simple application process
• No collateral or personal guarantees required
• Operational support to the A/R department
• Minimal credit score requirements
• Much cheaper than invoice financing

Cons

• More expensive than traditional business financing
• Not a solution for unpaid invoices that are late or delinquent
• Requires ceding some control of client interactions regarding A/R
• Liability for non-creditworthy customers (in most cases)
• Not accessible to B2C (those that work only with consumers)

• Businesses facing issues due to the time gap between financial outlays (such as salaries and payments to vendors) and cash revenues from invoices from consumers.
• Companies that do not qualify for conventional bank funding or do not qualify for typical bank financing.
• Companies with restricted vendor trade credit.
• Companies in need of funding to finance expansion potential.

• Faster Cash Flow

Accounts Receivable Financing (also known as Factoring) is a fantastic method for businesses to increase their cash flow. With Accounts Receivable Financing, factoring companies advances 70% - 90% of the face value of your eligible Accounts Receivables upon verification of your customers' invoices. In spite of waiting 30 to 90 days to receive payment from your customer, you receive immediate payment. Now, your receivables, the “money you are always waiting for" is available in your bank account immediately.

• Increased Working Capital

Since most firms constantly send unpaid invoices to their clients, if you can convert unpaid invoices into immediate cash with Accounts Receivable Financing, you boost your business's working capital. In addition to receiving funds sooner, you also receive extra working capital.

• Predictable Cash Flow

Taking the guesswork out of estimating when your customers will pay enables more precise cash flow forecasting and business planning.

• Trade Credit Discounts

Account Receivable Financing enables you to take advantage of early payment reductions from your vendors by providing additional operating capital.

• Affordable Fees With No Added Debt

Since Accounts Receivable Financing is structured as a purchase of your Accounts Receivable, the funding is re-paid when your customer pays the related invoice. There are no loan payments involved.

Financing fees are a function of the credit worthiness of your customers and the amount of funding involved. Fees range from 1.5% - 5% of the Face value of invoices funded for a 30-day period.

• Increased Sales & Net Income

Utilizing more working cash in your organization can enable you to capitalize on growth prospects. Net income will increase as a result of increasing sales. A typical small business can increase sales and net income if it has a 60% cost of goods, 20% administrative cost of revenue, 10% marketing cost of revenue, a 45-day collection period on its invoices to customers, an 80% advance rate on invoices from Accounts Receivable Financing, and a 3% 30-day fee on financed invoices can increase its Net Income by over 60%.