Case Study: The Psychic Tree improves cash flow and invoice accuracy with Hokodo

How payment terms and automated invoices help The Psychic Tree to grow

The Psychic Tree, a UK-based online retailer of spiritual goods, faced challenges with suppliers sending incorrect or incomplete orders after upfront payment, which negatively impacted their cash flow. They turned to Hokodo and its trade credit solution to address this problem.

Hokodo’s service allowed The Psychic Tree to defer payments for 60 days, ensuring they only pay for the stock they actually receive. This automated solution improved cash flow by allowing them to sell products before paying suppliers, which in turn freed up capital for reinvestment and growth. The vendor, Hokodo, streamlined the payment process, eliminating administrative burdens for the customer.

The Psychic Tree

Laura

The Psychic Tree