Case Study: Silver Therapeutics automates AP and optimizes working capital with Order.co

Silver Therapeutics optimizes AP and gains up to 37 days of working capital with Order.co

Silver Therapeutics, a multi-state cannabis retailer, faced challenges with manual accounts payable processes and strained cash flow due to its capital-intensive expansion. Their time-consuming AP workflows and limited financial visibility hindered growth. To address this, they partnered with Order.co for AP automation and working capital solutions.

By implementing Order.co, Silver Therapeutics automated invoice consolidation, utilized virtual cards, and gained access to net terms and Buy Now, Pay Later financing. This provided them with up to 37 days of payment flexibility and immediate funding for large expenses. The results included streamlined vendor payments, centralized spend reporting, and a significant increase in working capital, enabling them to open 2-4 new stores annually without straining cash reserves.

Silver Therapeutics