Case Study: Cleanaway industrial supplier achieves faster cash flow with Earlytrade

Let’s not muck around’, 7-day cash cycles suit Cleanaway industrial supplier

The customer, Cleanaway Industrial Supplier, an ASX100 business, faced a significant cash flow challenge. Their industrial electrical supplier, Merhone, was forced to wait over 45 days for payment, which was detrimental to the smaller business. To address this, Cleanaway's supplier turned to Earlytrade's platform for a solution.

By implementing Earlytrade, the vendor enabled Merhone to get paid on a weekly cycle instead of waiting for lengthy terms. Invoices are now paid every Monday and Thursday as soon as they are approved, drastically improving cash flow. The director considered the cost minimal compared to the immense benefit of having liquid money available, remarking that a 7-day cycle is exceptionally fast.

Cleanaway Industrial Supplier