Supply Chain Finance - the project
The core of our collaboration is the “Pagamenti Sprint” project, a dynamic discounting strategy that we launched to support Lago’s supplier network. This initiative has received exceptional engagement, involving over 50% of the company’s suppliers in the past year, a clear indicator of its value and effectiveness.
PlusAdvance serves a wide range of 3,500 customers, from micro-enterprises to large corporations, across various sectors, including design. Our platform offers a variety of services, such as dynamic discounting, confirming, invoice assignment, reverse factoring, and B2B credit cards.
In 2023, we recorded a 165% growth in the volume of invoices handled, a result that testifies to the effectiveness and trust in our services.
The Objectives of Our Collaboration with Lago
This partnership aims to maintain a steady flow of liquidity within supply chain finance, allowing suppliers to manage invoice deadlines flexibly, depending on their financial needs.
Dynamic discounting represents a substantial advantage for both Lago and its suppliers, offering the opportunity to advance the payment of invoices due without resorting to traditional banking or financial channels. This system not only accelerates payment times but also reduces costs, supporting both growth and economic sustainability.
Our platform helps Lago move liquidity in favor of its suppliers, promoting sustainable practices while strengthening relationships within the supply chain. With our dynamic discounting program, we facilitate suppliers’ access to liquidity, immediately improving payment terms for approved invoices and reducing the need for debt.
Looking to the Future
Our partnership with Lago is not just an example of how financial innovation can transform business operations, but also reflects our shared commitment to economic sustainability and business growth. With PlusAdvance, Lago is redefining the working capital landscape in the design sector, promoting a more prosperous and sustainable future for all its partners.
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