Fabrics manufacturing company Pitaya Brands was looking for ways to improve the supply chain process to provide on-time deliveries to their customers. A significant bottleneck regarding this was irregular and delayed vendor payments which stemmed from inadequate capital and a hampered cash flow.
In Bizongo, they found the perfect solution, which was to infuse liquidity in their supplier’s business through an appropriate vendor finance service and, in the process, ease the working capital considerably.
Noticeable Benefits since Onboarding Bizongo
The resultant benefit for Pitaya Brands was that they began to receive timely supplies of raw materials owing to transformed supplier performance. Bizongo’s help ensured that vendors got paid within ten days as against 120 days, which was a norm earlier. And this naturally improved their relations with them.
Bizongo also gave them access to its robust B2B platform, which digitized accounts payables activities and saved them crucial man-hours. On the back of streamlined procurement, Pitaya Brands regularized customer deliveries and grew monthly sales figures by a staggering 200% since December 2021.
Watch Yogesh Kumar Agarwal, Founder & CEO of Pitaya Brands, explain how Bizongo’s Supply Chain Finance Solution 𝐩𝐫𝐨𝐯𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐚 𝐭𝐮𝐫𝐧𝐢𝐧𝐠 𝐩𝐨𝐢𝐧𝐭 for their business: