Broker Spotlight: The Quartix / CRS Collaboration
Led by Eli Wiener, CRS is a NY-based brokerage firm specializing in credit insurance, supply chain finance, and AR-Factoring. In a dynamic landscape where middle-market manufacturers, distributors, and wholesalers constantly seek innovative financial solutions, Quartix and CRS forged a strategic partnership. This collaboration brought together CRS's client network and Quartix's digital Supply Chain Finance platform, opening up new horizons for CRS's industrial clients.
Identifying a Market Need:
CRS recognized an urgent demand among their mid-market clients for unsecured, uncommitted Supply Chain Finance lines that can reach $10M in volume. The ability for clients to finance vendor payments even without a Bill of Lading was crucial. Quartix emerged as the perfect solution, offering a truly digital platform that fulfilled these requirements. This unique offering set Quartix apart from traditional credit providers, enabling CRS to differentiate itself from other credit brokerage firms.
Impact on CRS's Clients:
The Quartix value proposition resonated with CRS's clients, leading to over half a dozen successful collaborations between CRS clients and Quartix. Client feedback has been overwhelmingly positive. Quartix's intuitive platform, coupled with their flexibility, swift response times, and exceptional service, cemented Quartix as the preferred Supply Chain Finance partner for CRS's clients, empowering them to efficiently manage their cash flow and working capital.