News

A Wholesaler of catering products to retail stores was unable to promptly fill customer orders because its supplier gave no credit terms, but industry expectations required them to provide up to 60 days credits for retail store buyers. This meant the Wholesaler was continually having to wait for payments from its customers before it could purchase more stock for incoming orders.

 

The Wholesaler had a good sales order book but did not have the required working capital to fund its growing business, and particularly struggled meeting seasonal demands. Interface is assisting by purchasing several unpaid debtor invoices on an as required basis, which is releasing up the cash to buy stock to fill orders as they arrive.

Our new client is very happy with the Interface facility no more delays in filling customer orders, and it has also enabled the client to take advantage of some special supplier prices on bulk stock purchases.