The collaboration aims to establish an ecosystem of creditworthy sellers and buyers within the EV sector.
Recordent Pvt Ltd., a credit and collections management software platform, has signed a memorandum of understanding (MoU) with the International Federation of Electric Vehicle Association (iFEVA), a non-profit organisation in electric vehicles. Through this alliance, Recordent will extend its credit, collections, and recovery solutions to iFEVA member businesses.
The collaboration aims to establish an ecosystem of creditworthy sellers and buyers within the EV sector, empowering businesses to focus on their overall growth trajectory, reads a company statement.
The Recordent team, in collaboration with iFEVA, recently convened a panel discussion in New Delhi on the, "Anticipated challenges and opportunities for SMEs in the EV sector in the upcoming 2-3 years."
The event featured a panel discussion from panelists including industry leaders from DNA Technology, EY-Parthenon, Sampoorna EV, Zaviks Energy, and LUB. The session delved into critical aspects of the financial challenges confronting businesses within the sector, offering invaluable insights on overcoming these obstacles seamlessly. The panel session was followed by a presentation on "Championing Growth with Calculated Risk and Improved Collections" by Winny Patro, CEO and Co-Founder, Recordent.
Speaking on the sign-up, Patro said, "This partnership underscores our commitment to providing innovative solutions to streamline cash flow challenges faced by businesses, ultimately contributing to their financial success."
Following the MoU, strategic leadership appointments were made: Winny Patro as President, Payment Recovery, and Anurag Jain as Vice President, Payment Recovery. These appointments aim to bolster involvement in collections, recovery, and credit risk management, advancing credit management within the iFEVA network, as per the company statement.