Case Study: Apollo Microsystems streamlines procurement and improves working capital with Bizongo

Apollo Microsystems cuts payment delays beyond 180 days with Bizongo

Apollo Microsystems, a publicly-listed manufacturer of weapon system boards, faced significant challenges with inefficient manual procurement processes and strained cash flows. Due to long inspection cycles with government agencies, the company experienced payment delays exceeding 180 days, making it difficult to manage working capital and ensure on-time payments to its own vendors.

Bizongo implemented its unified vendor digitization platform to automate Apollo's vendor processes, including purchase orders and invoicing. The platform also provided Apollo with access to supply chain financing from integrated financial institutions. This solution allowed Apollo to facilitate early payments to its vendors, optimizing its supply chain for cost savings and profitability while strengthening its working capital in a cost-effective way.

Apollo Microsystems