PXL/HO/Cir-031/2020-21                                                                  Date:11.06.2020

Hyderabad

Dear Sir/Madam,

Subject: Vayana Network: Digital Early Payment Program for Suppliers

We would like to members of Pharmexcil that M/s.Vayana Network has approached Pharmexcil informing about their supply chain financial solutions.  

One of its biggest impacts of Covid 19 seen is in the stretched liquidity and frozen cash flows of supply chains and MSMEs across industries. Businesses need immediate access to working capital for their survival. M/s.Vayana Network has informed that they are delivering easy, quick and affordable access to finance to supply chains and MSMEs in such times.

Vayana Network’s programs with partner financial institutions provide flexible payable financing options for pharma companies, through early payments for them or their suppliers and an extension of credit to the pharma companies. These programs are tailor-made to suit each supply chain. These are no-cost and off balance-sheet programs for the mid to large pharma companies; with financing made available to recommended Suppliers only against confirmed invoices. 

More information on the Financing programmes offered by the M/s.Vayana Network is enclosed as an attachment for kind information.

With regards,

Uday Bhaskar
Director General

Note: Member companies wishing to engage with M/s.Vayana Network may please do proper verification about their services, entity before entering into business transactions. Pharmexcil holds no responsibility in this context and only sharing the information to member companies.