The Client
Commonwealth Kokubu, a leading logistics company specialising in Cold Chain Logistics
for the F&B industry uses InvoiceNxt to liberate working capital.
The Challenge
How to onboard the totality of a supplier base to access early payment?
Our Solution
InvoiceNxt enables suppliers to view their purchase orders, flip purchase orders to invoices, and view the status of deliveries and outstanding invoices, accept a discount rate to accelerate the payment before due dates. It allows suppliers to be in complete control so that they can determine which invoices are beer paid earlier in return for a discount, and, through the acceleration of liquidity support, suppliers can maintain a healthy cash flow. The liberation of working capital helps expand operations, invest in inventory or resources and also in their employees.
“Quick and cost-effective.”
“We are delighted to partner with InvoiceNxt on our journey to digitise the supply chain. Optimising our processes ultimately brings value to our customers. The business model of InvoiceNxt allows us to implement this quickly, in a cost effective manner and, at the same time, provide cashflow support to our suppliers who need it.”
– Daniel Tan, Executive Director, Commonwealth Kokubu
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