Case study 1: Commodity Trader
Bring Addition Revenue and Bright Turnover
Background
• Huge demand on market without sufficient cash
• Payment cycle average 15-30 days
• Losing many market opportunity with limited cash on hand
Business Difficulties
• Traditional bank no flexibility on urgent/ad hoc order which is higher margin
• Financing from bank always referring past management data and collateral
• Inefficient offering with bundling and useless product
• Banks are prudent in covid-19 economy
Our Solution
• Get funding in ONE business day after credit approval
• Client captured the high margin deal and earn extra income
• BYFIN explored client’s need and offered extra facility to support client’s business growth in 3 months
Case study 2: Local HK Construction
Don’t Miss Your Variation Order (VO)
Background
• Subcontractor to main contractor
• Payment cycle average 60 days
• Tightening cash flow
• Suffering from Covid-19
Business Difficulties
• Awarded many main contracts, but not able to pick up high margin VO business in existing cash flow
• Traditional bank not supporting order and contracts
• Bank not open for Covid-19 suffering industry
Our Solution
• BYFIN offered Customised Project Financing for VO/Tender to client
• Client confident to pick the extra VO and bid new tender
• BYFIN open to discuss with client for extra facility support
Case study 3: Textile Trading Company
Flexible Payment Terms, Win Your Order
Background
• Focus on high margin order but not volume
• Payment in LC or deposit/COD
Business Difficulties
• Prudent payment terms demotivate buyers to place order
• Traditional bank not open for small scale and seasonal business
• No selective invoice financing support
Our Solution
• BYFIN offered selective invoice factoring
• Export credit insurance coverage on selective sales invoice
• Client comfortable to change payment terms to buyer and win more order against competitors
Case study 4: Jewellery Design and Trading
Be Confident to Pick the Big Purchase Order
Background
• Trading diamond/gems and design for buyers
• Payment by COD/ 60 days /90 days
Business Difficulties
• Buyer used to ask for 90 days tenor if order is big which will lock client operating cash flow
• Due to AML issue, bank not likely support Jewellery industry
• Client is weak to bargain with buyer for notify factoring
• Bank no flexibility on selective invoice financing
Our solution
• BYFIN offered selective invoice non-notify factoring supporting 90days credit tenor invoice
• Client being confident in dealing with buyer’s big purchase order and unlock cash flow from BYFIN