Band Supplies Case Study
After 40 years supplying instruments to schools, bands, orchestras and music clubs, Band Supplies wanted a solid cash flow stream. They were looking for a solution to secure easy and steady access to funds at an early stage of the procurement cycle.
“The instrumental tuitions are disappearing from the school curriculum due to the reduction in funding. This makes it essential to secure a positive cash flow faster. Elcom’s eFunding solution allows Band Supplies to access funds at purchase order stage which in turn increases our cash flow allowing us to be able to be more flexible whilst also covering our commitments and hopefully expanding and diversifying our business. ”