Ms. Vijaya Meghana
Achiever's Success Story
Ms. Vijaya Meghana’s successful entrepreneurial journey
Ms. Vijaya Meghana is one of the Indian women entrepreneurs who is an author and the founder of the India’s most promising and upcoming fintech venture Buxpay (for Business) which focuses on digitization of supply chain vendor payouts and invoice financing as well as contributing to the Indian economy by making the merchants of India “Atmanirbhar”.
B2B payments are typically tied in to complex business processes and those processes often still require manual effort, in part because SMEs generally can’t afford expensive enterprise resource planning (ERP) software to automate the complexity, experts say. Accordingly, buxpay is accelerating and reducing the cost of B2B payment processes for SMEs through automation.
The organization is currently focusing on areas such as domestic B2B payments, automating accounts payable and receivable functions, and invoice financing – also known as factoring. They have built invoice financing system application designed to help reduce late payments, which have become a greater problem for SME’s. The company aims to reduce transaction costs for buyers, improve working capital for suppliers and provide a safe asset for financial-services firms. The organization is further working to reduce the cost of invoice finance to make it more attractive to SMEs and conveniently make pay-outs in Buxpay Application.