In this sense, from the national productive portfolio in charge of the minister Daniel Sciolithe secretary of Small and Medium Enterprises and Entrepreneurs, William Merediz assured: “The trend towards reduction in deadlines has the support of various companies and the chambers that represent them, which have expressed their commitment to the tool and with whom we permanently articulate to improve the administrative processes that these modifications require” .
The FCEM regime establishes that a micro, small or medium-sized company is obliged to issue this receipt in all commercial operations carried out with a large company (from a public list published by the AFIP on its website), provided that the total amount is equal to or greater than $299,555. The tool offers financing opportunities for the more than 230,000 companies that are suppliers of large firms in different value chains.
The FCEM generates some advantages for MiPyMEs at the time of obtaining financing since the debt holder is the large company, so they do not need a guarantee, it reduces the cost and also does not consume the available credit quota with financial institutions.
In this framework, the amounts of the MiPyME Electronic Credit Invoices used by small and medium-sized companies as a tool to finance themselves and obtain working capital continued to rise. During the first 5 months of 2022, they increased by 189% compared to the same period of 2021, totaling $11,957 million, both to be discounted in the capital market and in banking entities directly or indirectly through platforms.
Specifically, the amounts traded in the capital market through the Argentine Stock Market (MAV) grew by 112% year-on-year, going from $1,173 million during the first five months of 2021 to $2,483 million between January and May 2022. The average rate in pesos at which MiPyMEs were financed this year was 42.85%, a convenient value for this segmentwhich is possible thanks to the fact that the FCEM tool does not require a guarantee and the payment risk analyzed by investors is that of the large debtor company.
The first 5 months of the year also showed growth in the flow of invoices issued by MSMEs to large companies, which increased by 15% compared to the same period in 2021, going from 1.9 million issues to 2.2 million. These positive records are another indicator of the productive reactivation.
“As the Regime’s application authority, we set ourselves four objectives: to permanently coordinate with the actors, to make the operation easier for users, to provide greater certainty of collection on the date agreed between the MSME provider and its client, and to disseminate plus this 100% digital financing alternative,” added Merediz.
Source: Ambito
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