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Apollo Microsystems is a 38-year-old publicly-listed company that manufactures weapon system boards for the Government of India and private agencies.
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In a complex industry with extensive procurement requirements and manual processes, efficient procurement and availability of liquid funds have always been a challenge for Apollo Microsystems.
They struggled to manage their cash flows due to long process cycles for raw materials, production, cross-inspection, and post-delivery inspection.
Owing to these long inspection cycles, they were getting paid after a long gap of more than 180 days from the date of delivery to DRDO and other agencies. It was crucial for them to streamline their supply-side transactions with on-time payments to vendors.
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๐๐จ๐ฐ ๐ฐ๐ ๐ก๐๐ฅ๐ฉ๐๐:
Bizongo's single unified vendor digitization platform eased Apollo Microsystems' difficulties by automating vendor processes such as PO, invoicing, scheduling, etc. We also provided them access to supply chain financing from a network of financial institutions integrated on the platform. Apollo ensured that their vendors were onboarded on the platform to facilitate early payments to them, making their working capital stronger in a cost-effective way.
Additionally, with everything digital, Apollo saw their supply chain getting optimized for cost savings and profitability.
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Watch Mr. Addepalli Krishna Sai Kumar (Director of Operations) and Mr. Sri Sailam (Purchase Head) explaining the change Bizongo brought to their business.
๐๐จ๐ฎ๐ซ ๐๐ข๐ง๐๐จ๐ฐ ๐ญ๐จ ๐๐ซ๐จ๐ฐ๐ญ๐ก:
Do you want to gain 100% control over your supply chain by digitizing your vendors and transforming how they serve you through quick access to our financial institution network, enabling hassle-free vendor payments?
Don't wait!! Get in touch now.
