Unlocking Trapped Cash for a growing Chemicals Supplier
Leveraging Xpedize platform, one of our supplier client was able to improve its cashflow by taking early payments & was able to strengthen relationships with its international partners by making them timely payments.
This supplier client of ours is a renowned Importer & Distributor of Chemicals, engaged in indenting, stocking and distribution of a wide range of speciality chemicals. It is in the business of assisting the industry for international sourcing and supply of raw materials and intermediaries and aims to source value-added products and services.
They are catering to leading names in various industries like Polyurethane, Petrochemicals, Paints & Coating, Personal Care, Construction etc.
This supplier client has a distribution tie-up with 10 big global players to supply a high qualitative range of products which are further reconditioned at its unit to be supplied to its end clients.
The client has a credit period of approximately 60 days with its end client, while it needs to make payment to its vendors within 30 to 40 days.
The supplier client has been able to overcome the cashflow mismatch by using the Xpedize platform: