Managing Working Capital For
Pioneer Welding Wires Manufacturer
The story behind the Supplier Financing Transformation of one of India’s foremost Bearing Manufacturers
Our client is a Mumbai, Maharashtra based Complete Friction Solutions provider, with a turnover of approximately ₹1000 Crores, operating eight manufacturing units in India and South East Asia where it produces Needle/Cylindrical/Tapered/ Roller Bearings, Ball Bearings, and Thrust Bearings, among other Anti-Friction Solutions.
The Company faced a number of challenges that pushed it to make changes in its Supplier Financing Model. Here they are, as follows:
The organisation then decided to adopt Xpedize’s Supplier Financing Platform to onboard its suppliers onto a single platform, so as to enable Dynamic Discounting powered Cash Discounting / Invoice Discounting.
What we did
Invoices Discounted in the past 12 months
Suppliers Onboarded, covering
₹ 150 Crore
Amount Transacted through the Platform
Of the total Supplier Base