Let Bizongo help you clear invoices faster while keeping your finance in check
Vendors usually deal with delayed or stuck payments quite often. This leads to blocking of their working capital, thereby affecting their manufacturing capabilities. Bizongo helps you clear your payments with vendors early. You help them uplift their business & they do the same for you.
With unblocked working capital, vendor capabilities are also unblocked. The improved cash flow results in enhanced efficiency & turnaround time from vendor’s end. The vendors also ensure targeted production planning for you.
Gather all your vendors at one place. Onboard your existing vendors onto Bizongo’s digital platform to provide supply chain visibility, streamlined documentation, and on-demand service through a dedicated account manager.
Boost your business with automated management of payables. Ensure better cash flows for increased working capital availability.
With amicable relationships comes enhanced offerings. With proper management of payments, you can expect cost optimization from your vendors. Scout for additional cash discounts from your vendor network.
KG Denim, a manufacturer of denim fabrics, eliminated working capital bottlenecks; grew monthly sales from 24 lakh to 4 crore in seven months.
KG Denim has served various fashion brands and textile retailers worldwide. They, however, struggled to keep their working capital going smoothly due to high volatility in cotton prices. Bizongo’s unique supply chain finance solution, which KG Denim opted for, eliminated its working capital bottlenecks and fast-tracked growth. As a result, the company’s monthly sales grew from Rs 24 lakh in June 2021 to Rs 4 crore in December 2021, an impressive 1566% rise in sales figures, in just seven months.
