Match every drawdown to its invoice.
The borrower is a dealer or a vendor; the repayment is the buyer's. AI agents read the anchor, the invoice, the limit and the receipt on every drawdown; your policy and a named approver decide what moves. One book for dealer and channel finance, vendor and invoice finance, PO finance, reverse factoring and factoring.
30 minutes with the product team. No generic demo.
Supply-chain and invoice finance, on a platform built by the team behind Apache Fineract, the world's #1 open-source lending core.
If the invoice, the drawdown, the payment and the borrower live in separate records, reconciliation becomes the operating model. Here they are one record.
- Dealer and channel finance
- Vendor and invoice finance
- PO finance
- Reverse factoring and factoring
Every flagged drawdown arrives with the buyer and the invoice behind it.
An overdue drawdown is one fact. The anchor's history, the notes on the invoice, the limit in its season and the receipt are what the AI agent reads before it proposes anything.
Two drawdowns, the same due date.
| What the agent reads | A dealer whose buyer paid in full | A drawdown whose invoice shrank |
|---|---|---|
| The invoice | Funded in full; no notes against it. | A credit note for a fifth of the value on day twelve. |
| The buyer | Paid on the due date, as it has for two years. | Paid the reduced amount; the balance is not coming. |
| The limit | Half utilised, renewal three months out. | At the ceiling; the seasonal uplift expires next week. |
| What the agent stages | Nothing. The receipt matched and the drawdown closed. | The shortfall against hold-back, a note to the dealer, a hold on the next drawdown; a named approver decides. |
A dealer whose buyer paid in full
- The invoice
- Funded in full; no notes against it.
- The buyer
- Paid on the due date, as it has for two years.
- The limit
- Half utilised, renewal three months out.
- What the agent stages
- Nothing. The receipt matched and the drawdown closed.
A drawdown whose invoice shrank
- The invoice
- A credit note for a fifth of the value on day twelve.
- The buyer
- Paid the reduced amount; the balance is not coming.
- The limit
- At the ceiling; the seasonal uplift expires next week.
- What the agent stages
- The shortfall against hold-back, a note to the dealer, a hold on the next drawdown; a named approver decides.
The life of a drawdown, on the record.
Short, structured, and repaid by someone other than the borrower. Each step is a state the loan record holds; a named approver signs anything that changes money.
- Step 1The invoice arrivesFrom the anchor's ERP with its ID and debit notes; eligible amount against the available limit.
- Step 2Approved, disbursedYou approve; the amount goes out through the bank integration; the drawdown gets its own schedule.
- Step 3Interest by structureUpfront, monthly against a bullet, or rear-ended; GST and TDS on the record.
- Step 4Repaid, reconciledThe buyer pays into the virtual account; the receipt matches its drawdown; the limit is released.
- Step 5The shortfall, decidedA note or a late buyer leaves a gap: hold-back, collateral or recourse, staged for a named approver.
Anchor ID, invoice, note and receipt stay on the drawdown, so the programme reads by anchor, dealer or invoice.
The mechanics a programme runs on.
A limit per dealer, a schedule per drawdown, a virtual account per dealer, a hold-back per programme. Lokta runs each as a first-class operation.
- Invoices, notes, eligibilityInvoices and debit notes with the anchor's ERP ID; eligible amount against the available limit.
- Disbursal and the drawdownAuto-disbursal through bank integration on approval; a schedule per drawdown, interest upfront, monthly with a bullet, or rear-ended.
- Limits and seasonsCredit lines with sub-limits; ad-hoc seasonal uplift with its own expiry; renewal on the record.
- Virtual accounts and reconciliationA virtual account per dealer; receipts matched to drawdowns automatically, the unmatched surfaced.
- Hold-back, collateral, recourseCash collateral and hold-back per programme; the shortfall applied to them, or to recourse, as a governed action.
- Tax, bureau, statementsGST and TDS per drawdown; bureau reporting; statements and interest calculations for the dealer.
30 minutes with the product team. No generic demo.
Everything you expect from an LMS, before any of the above.
The differentiated part sits on a plain one. Six things Lokta's loan management system does on every drawdown, stated so you can tick them off.
- Schedules and repaymentBullet or EMI; prepayment, part-payment, foreclosure, moratorium and restructure, re-amortised paise-exact.
- PaymentsNACH, UPI and gateway receipts appropriated in the product's waterfall.
- ChargesFees and penal charges under the 2024 directions, in their own heads, waivable only under maker-checker.
- ClassificationDPD, SMA and IRAC stages, provisioning and Ind-AS, derived from the record every day.
- Documents and disclosureNOCs, KFS and APR disclosure and servicing documents on demand.
- Accounting and auditDouble-entry posting to mapped GL heads, and the audit trail behind every change.
Five things decide whether a supply-chain book keeps its margin.
The figures come from the market, not from us, and each one ends in a control you can point at.
- 01
The buyer is the repayment
45 days the MSMED payment term, then compound interest at three times the bank rate
The borrower rarely defaults; the buyer pays late and the receivable becomes your collection, with ₹22,363 crore of delayed-payment claims pending at MSME Samadhaan in July 2025.
So Lokta reads each anchor against its own history and ages every funded invoice.
MSMED Act 2006; Lok Sabha reply, Jul 2025 - 02
The invoice shrinks, not the DPD
1 Apr 2024 since when a buyer's payment past the MSMED deadline is disallowed until paid
A credit note, a return or a dispute cuts what the buyer will pay on a drawdown you already funded, and none of it shows as a DPD.
So Lokta reads each note against the funded invoice and stages the shortfall.
Income-tax Act s.43B(h), Finance Act 2023 - 03
The market is moving onto platforms
₹1.38 lakh cr financed on TReDS in FY24 across 41.6 lakh invoices, up 80%
Every buyer above ₹250 crore turnover and every CPSE was required onto TReDS by March 2025; each unit financed there is a drawdown with its own settlement.
So Lokta gives each drawdown its own schedule and reconciles the settlement to it.
Ministry of MSME, S.O. 4845(E), Nov 2024; TReDS data FY24 - 04
More books on the same anchors
7 to 182 NBFCs RBI expected to become eligible to factor after its 2022 regulations
The same anchors and dealers are now financed by many books at once, and a dealer's limit at one lender is invisible to the next.
So Lokta reads utilisation and ageing per dealer and watches concentration by anchor.
RBI, Registration of Factors Regulations, Jan 2022 - 05
The servicing is the reconciliation
30 to 120 days the tenor of a typical drawdown, each with its own schedule
Each is repaid into a virtual account per dealer, interest upfront, monthly or at the end; multiply by the invoices and the cost is the matching.
So Lokta matches each receipt to its drawdown on arrival and surfaces the unmatched.
Typical programme tenor
Comparing systems first?
One platform, configured for supply-chain and invoice finance.
The same loan management system, servicing agents and lending ontology run every book; on this one the policy and the workflow are shaped for a payer who is not the borrower. How control works, where it runs, and how it differs from a record-keeping LMS are on the Solutions page, said once.
What lenders ask first.
What does Lokta do on a supply-chain finance book after disbursal?
It services each drawdown and watches the buyer. Receipts into the virtual account are matched on arrival; notes are read against the funded invoice. Agents stage the next action; a named approver decides. Anchor onboarding, programme pricing and dealer underwriting stay with you.
What happens when the buyer pays late or the invoice is disputed?
A late buyer is a signal on the anchor before it is a DPD. A credit note or dispute cuts what the buyer will pay; Lokta records it against the funded invoice, computes the shortfall and stages it against hold-back or recourse. Your approver decides.
How are limits and seasons handled?
You set limits as credit lines with sub-limits per dealer or programme. A trade's season gets an ad-hoc uplift with its own expiry, so the limit is larger while the dealer stocks up. Renewals sit on the record.
Does this cover invoices financed on TReDS?
A unit financed on TReDS is a drawdown with its own tenor and settlement, and Lokta ledgers it as one, on the same book as your off-platform programmes, so the anchor's behaviour is read across both.
Do we have to replace our LOS, our underwriting or our LMS?
Not your LOS and not your credit decisions: Lokta runs the book after approval and takes the sanctioned terms as given. Not your LMS either, unless you want to. The servicing agents run on the core you already have, connecting to it for borrower and loan context and staging work into it; a book can move onto Lokta's own loan management system when you are ready, one book at a time.
What happens after we show you our book?
Thirty minutes with the product team on one programme: how the anchor invoices arrive, how receipts are matched to drawdowns today, and what happens when an invoice is diluted. A reply comes within a business day, and it will name the gaps as readily as the fit.
Bring us one difficult workflow.
Your anchors and programmes, how receipts are reconciled today, and where dilution costs most. You get a straight read on fit and direct access to the founding team.