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Do you have inventory in your company? Then you probably recognize that the cash flow becomes strained a few times each year when it is time to make large purchases. Often it takes several months before the goods have arrived in the warehouse, been sold, and the money from the customers has ended up in the account. In the meantime, you have had to spend large sums of money that would have been more useful elsewhere.
“Every week I meet companies wondering why they cannot get a decent line of credit, or who have to issue new shares because they cannot increase cash flow faster during a couple of purchasing peaks annually. What company couldn’t do wonders with an extra 30, 60, 90, or 120 days to optimize, circulate, and generate a return on that money?” — Anton Johansson, CEO of the e-commerce agency Grebban and angel investor in Waylog.
We at Waylog have built a solution for this very problem. Customers who qualify are allocated a limit and gain access to Waylog's platform to easily upload supplier invoices and have them paid. Repayment then occurs up to 120 days later, which is usually long enough to receive and sell the goods.
“We have grown by 50% since last year and Waylog has been an important partner in managing purchasing peaks”, says Ulrik Gustafsson, CFO at RS Sports, which sells equipment to tennis and padel players.
We work with fast-growing e-commerce businesses, wholesalers and brands in a wide range of industries. What the customers have in common is that they have a turnover of at least a couple of million and make large purchases a few times each year. Some examples of common industries:
"Cash flow has never been more important than it is now. By using smart financing solutions, you can gain a competitive advantage, especially at a time when banks are tightening their purse strings. Waylog is an ingenious solution that effortlessly solves the most cash flow-impacting part of the business." — Victor Emilsson, CEO of the digital agency ROIROI and angel investor in Waylog.
It doesn't matter where the supplier is located. Waylog's customers include a wholesaler of training clothes in Borås with suppliers in Asia, an importer of wine with suppliers in Europe, and a bed brand with suppliers in the Baltics. Many customers have used Waylog to offer their suppliers even faster payment and have thus been able to negotiate significant cash discounts.
Access to Waylog's platform is completely free. You only pay for the invoices you choose to extend. Want to know how much credit your company may be eligible for? Click the button below to contact us.
