Access to working capital is essential for enterprises and their vendors’ ecosystem, especially during economic turmoil. With Xpedize, one of the Clients in the healthcare domain has been able to improve its Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA), and support its vendors with a digital platform to leverage invoice discounting options.
- The Client is an international service provider of diagnostic and related healthcare tests and a market leader offering a broad range of accessible, affordable, timely, and quality healthcare diagnostics. It is the most trusted healthcare service provider in the country.
- During the Covid-19 situation, Client stood true to its reputation and upped the ante on extending the support to its vendor ecosystem.
Traditional Cash Discounting – A handful of our Client’s vendors used to ask for discounting of their invoices through email or phone. But the conversion was very minimal as the vendor participation ratio was less, and it was a time-consuming process.
No Platform for Invoice Checking – Vendors did not have a digital platform where they could log in and have access to their outstanding invoices with all the details 24*7.
Diminishing returns on Surplus Funds – With the falling interest rates in the market, treasury income from surplus funds kept on reducing.
In short, it turned out to be a win-win situation for everyone, where Supply Chain financing keeps the ball rolling for the entire ecosystem with a technology platform from Xpedize.
Xpedize understands the supply-chain finance nuances, and through our algorithm-based auction and dynamic discounting solutions, we bring efficiencies for the enterprise Clients’ working capital management. For more information on our solutions, please visit the solutions page.