With Incomlend Invoice Financing Programme, Vensen International, a manufacturer of electrolysis machines, was able to ensure the continuity of its supply chain and seize new business opportunities across Europe. The company utilised the working capital solution to finance and increase the production output to meet increased demands for specialised water treatment machines from contractors for properties built across Germany and Switzerland.
The exporter is Vensen International, a manufacturer of electrolysis machines. Its production facility is based in Turkey. The company is headquartered in the UK.
The importers are European and Switzerland-based contractors who build residential and public properties across Switzerland and Germany. They require electrolysis machines during, and after, the construction phase to treat and disinfect water.
With construction output in Western Europe projected to grow by 23% between 2020 and 2030, the exporter is looking to leverage the construction boom and seize new business opportunities.
However, it traditionally takes Vensen International up to 90 days to cash in an invoice. The extended payment terms can undermine their financial agility and limit their manufacturing output.
With Incomlend Invoice Financing Programme, Vensen International can cash in an invoice as early as three days after its goods are shipped to the buyer.
The company now has excess cash flow needed to swiftly fund their next production cycle and meet new or increased orders from importers.
Incomlend also assessed the trade by all parties and vetted the invoices against third-party trade documentations to mitigate operational risks.
Incomlend enabled Vensen International to free up their working capital. With steady cash flow to fuel its production cycle, the company will be able to meet increased demands for specialised water treatment machines and set its sights on further growing its business.
Incomlend’s solution provided the company with the financial agility to pursue new business opportunities to capitalise on the construction sector boom in Europe and meet the high volume of machinery orders from those markets.
