Using Clearfin, our client was able to effectively manage their working capital requirements by taking early payments, which enabled them to maintain optimum inventory levels at all intervals to serve their large customer base.
Our Supplier Client is a leading manufacturer of MIG / Co2 welding wire used in automobile industries to weld sheet metal components.
They are a pioneer in the industry with supplies to large auto groups like Jay Bharat Maruti Group, SKH Metals, Sandhar Tech and some more.
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To manage a large customer base, the supplier must maintain its inventory at all intervals and maintaining such inventory at a large scale requires balanced working capital to meet business demands and to fulfil commitments.
However, the challenge here was to maintain adequate working capital as the supplier has different credit time with different parties. This meant that the supplier required a stable finance provider.
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Regardless of the credit period, Clearfin now provides the supplier with an option to receive early payment on Invoices to manage working capital efficiently
Tracking of invoices on Clearfin platform helps the supplier make future strategies based on amounts expected with due dates as approved with its respective Buyers.
Regardless of the credit period, Clearfin now provides the supplier with an option to receive early payment on Invoices to manage working capital efficiently
Tracking of invoices on Clearfin platform helps the supplier make future strategies based on amounts expected with due dates as approved with its respective Buyers.
Supplier is able to manage its stakeholders with different requirements and credit periods by financing early payment through Clearfin.
After analysing market conditions and fluctuation in prices, the client now also purchases raw material in bulk – financing this by taking early payment from Clearfin to avoid these market challenges.
24*7 tracking of accepted invoices on Clearfin portal
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