Keeping SafeFlex Business Momentum Going with Incomlend Invoice Financing Programme
February 18, 2022
As economies reopen worldwide, we can expect an increase in global business trade activities in the days ahead.
Author’s Bio:
Jitesh Agrawal, CEO and President, SafeFlex International Limited
Jitesh Agrawal is a textile engineer from one of the world’s premier institutes. He has been in the polymer processing field since 1984 and has concentrated on poly-woven and poly-knitted products. He is the driving force behind developments and manufacturing facilities with an in-depth knowledge of product usage and needs.
According to a study by Market Research Future, the global bulk bags market is projected to grow at a 6.80% CAGR to hit a valuation of around US$5 billion by 2023. India is one of the world’s most enormous Flexible Intermediate Bulk Containers (FIBC) and bulk bags suppliers. The growing appetite for these products and the revitalisation of global trade present an opportunity for SMEs like us to capture new revenue streams.
SafeFlex International Limited is a leading India-based manufacturer of Flexible Intermediate Bulk Containers, poly-wovens and poly-knits, with four manufacturing plants. We have a portfolio of over 500 global buyers comprising long-time clients who are distributors and manufacturers spreading over the US, UK, and Europe.
SafeFlex has experienced significant revenue growth throughout the years, and we want to keep our business momentum going. To keep up with the competition and meet rising demands from our buyers, we are expanding our production capacity. However, it can typically take us up to 90 days to cash in an invoice. It can hinder our financial agility, manufacturing capacity, and expansion ability.
With our new partnership with Incomlend, we no longer face extended credit terms as we can now cash in an invoice as early as three days after our bulk bags and FIBCs are shipped to buyers. With the Incomlend Invoice Financing Programme, we’ll now have the working capital and means to double our manufacturing output. It allows us to take advantage of the thriving market and grow our revenue.
SafeFlex is excited to form this long-term partnership with Incomlend. Its Invoice Financing Programme provides us with a quick turnaround solution that will place our company in a stronger position for growth as economies start to recover and the demand for our products continues to surge.
If you are interested in finding out more about Incomlend Invoice Financing Program, contact info@incomlend.com.
