In Nigeria, the logistics sector is recognised as a remunerative business but most importantly is the only connection between the local supply chain and distribution of goods and services. According to the International trade administration, Nigeria’s logistics and supply chain sector is one of the fastest-growing industries as a result of development in the manufacturing and export sectors.
The significance of this industry and its role in establishing economic growth cannot be downplayed. This economic driver determines the rate at which demand and supply of goods or services are met. Businesses that provide haulage and logistics services often suffer from working capital shortages for fuelling to move the requested goods from one point to the other. Clients typically to pay after their goods have been delivered and the invoice is issued.
This poses a potential problem for a haulage company to execute orderswith limited funding options. However, Exin Versa offers an efficient digital supply chain finance product that is guaranteed to improve business performance and supply chain relationships. Don’t have enough working capital to complete that logistics order? Applying for purchase order financing with Exin Versa will remarkably change the dynamics of how your logistics businessoperates and also ease cash flow challenges.
A prior downturn in business finance can be reversed through purchase order finance. Your business can focus on opportunities which produce more profit while still fulfilling clients’ orders. Getting short-term working capital through purchase order financing comes with great benefits to leverage on. You can receive funding to help you execute the client’s order and deliver the client’s goods without restraints.