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Do you have an inventory in your company? Then you'll probably recognise that cash flow gets strained a few times a year when it's time to make big purchases. Often it takes several months for the goods to arrive at the warehouse, to be sold and for the money from the customers to be credited to the account. In the meantime, you have had to spend large sums of money that would have been better spent elsewhere.
"Every week I meet companies who wonder why they can't get an okay overdraft or have to do new issues because they can't increase cash flow faster during a couple of buying spree's a year. What company can't do wonders with 30, 60, 90 or 120 more days to optimize, spin and spend that money?" - Anton Johansson, CEO of e-commerce agency Grebban and angel investor in Waylog.
At Waylog, we've built a solution for this very problem. Customers who qualify are allocated a space and given access to Waylog's platform to easily upload supplier invoices and get them paid. Then the reimbursement takes place up to 120 days later, which is usually enough time to get the goods home and sold.
"We have grown by 50% since last year and Waylog has been an important partner in managing the purchasing peaks," says Ulrik Gustafsson, CFO of RS Sports, which sells equipment to tennis and padel players.
We work with fast-growing e-tailers, wholesalers and brands in a wide range of industries. What our clients have in common is that they have a turnover of at least a few million SEK and make large purchases a few times a year. Some examples of common industries:
"Cash flow has never been more important than now. Using smart financing solutions can give you a competitive edge. Especially at a time when banks are tightening their belts. Waylog is a clever solution that solves the most cash-flow-critical part of the business without the hassle." - Victor Emilsson, CEO of digital agency ROIROI and angel investor in Waylog.
Where the supplier is located does not matter. Waylog's customers include a fitness clothing wholesaler in Borås with suppliers in Asia, a wine importer with suppliers in Europe and a bedding brand with suppliers in the Baltics. Many customers have used Waylog to offer suppliers even faster payment and have been able to negotiate significant cash discounts.
Access to the Waylog platform is free of charge. You only pay for the invoices you choose to extend. Want to know how much space your company may qualify for? Click the button below to contact us.
