AWS Funds Rapid Growth via Quartix’s Corporate Buy Now / Pay Later

The Client (‘buyer’): a commercial building contractor

AWS has its headquarters located in Brookfield CT and has branches around the country, they have been sourcing and supplying wall protection products since 1992.

They provide commercial customers with wall protection and includes the whole solution from adhesives, bonding agents,stainless steel products, fiber reinforced plastic products and more.  All to the healthcare, hospitality,restaurant, retail and sports client markets.

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The Challenge: rapid growth stresses cash flow and delays vendor payments

To give their customers better service, AWS is now involved in new online sales channels, enhanced estimating services, value-added project management services and more. The rapid growth put a strain on AWS’s cash flow, since many suppliers required upfront payments before delivering their goods or services to AWS. This challenge is amplified due to AWS being a project-oriented business, making its purchasing volumes fluctuate.

The Solution: funding vendor purchases on-demand

AWS always pays vendors on time with Quartix.

The implementation process was quick and frictionless, requiring no integration to AWS’s ERP system. A flexible 6-figure unsecured credit line was allocated to AWS and the program was up and running within 2 days.

Whenever a new project is launched and new purchases need to be made, AWS can draw the funds required for vendor payments digitally and in real-time via the Quartix app. AWS is able draw or repay credit as needed to avoid unnecessary expenses. Over time, AWS’s credit line grew in volume, nearly doubling compared to the initial capacity at launch.