A recent report highlights that delayed payments continue to be one of the biggest financial challenges for India's Micro, Small and Medium Enterprises (MSMEs). Despite 82.6% of invoices being issued with credit periods of just 0-30 days, the average invoice payment cycle has stretched to 73 days, significantly delaying cash inflows. On average, each MSME has approximately Rs. 3.8 crore worth of receivables outstanding for more than 360 days, severely impacting liquidity and day-to-day operations. The prolonged payment cycle forces businesses to divert resources toward managing cash flow instead of investing in expansion, technology, or capacity enhancement, thereby limiting their growth potential.