ADVERTORIAL
GT Nexus ensures security and
the timely receipt of funds
For most suppliers, having enough working capital to operate healthily remains a challenge.
On one side, bank loans can come with undesirably high interest rates. On the other, buyers
often wish to extend payment terms and thereby delay payment. This can create a situation
where a supplier is completely squeezed, financially. With supply chain finance on the Infor
GT Nexus Commerce Network, suppliers can access financing programmes that improve
working capital while also benefitting buyers. YOUSAF ARSHAD MUNIR , AVP Finance at
Crescent Bahuman Ltd speaks about the benefits of getting funding under the GT Nexus Early
Payment Program (EPP).
Yousaf Arshad Munir
The Crescent Group has gained a
great reputation in Pakistan’s business
community, with over 60 years of
experience in diversified industries
such as textiles, sugar, banking,
insurance, food, agriculture, and
steel.
Crescent Bahuman was initially
established as a joint venture between
the Crescent Group and Greenwood
Mills, Inc. The Crescent group has
solely owned it since 2001. Crescent
Bahuman manufactures denim jeans
for clients in Europe, Asia, and North
America, producing over 8 million
denim jeans for Levi Strauss & Co.,
Express Inc., Diesel, Dressman, Best
Seller, GAS, Celio, and others.
Crescent Bahuman found that
getting timely funding was often
challenging in an environment where
traditional lending practices meant
that funds came at a h igh cost.
“Traditional lending arrangements
often consume plenty of time,”
explains Yousaf Arshad Munir, AVP
Finance at Crescent Bahuman. “It’s
Vendor
Factories
Customers
Banks
hard to plan for sudden, seasonal
surges in export orders with
traditional methods of bank lending.
Government borrowing is also way
too high, and this crowds out private
lending and makes banks risk-averse.”
Crescent Bahuman began to look
for alternative forms of funding. It
found a solution in a cloud-based
Improve Working Capital
Early Payment
Post-export Financing
Pre-export Financing
Payment Protection
Reduce Risk and Cost of Goods
Order Issuance
Shipment
Invoice Approval
Payment
supply chain network that digitally
transformed the availability and
delivery of funding. Crescent
Bahuman took advantage of the
opportunity presented by the Infor
GT Nexus Commerce Network,
which allowed Crescent Bahuman
to access beneficial funding
programmes entirely online. In
particular, the Early Payment Program
on GT Nexus has allowed Crescent
Bahuman to get payment within
days of export shipment receipts.
The programme has also allowed
Crescent Bahuman to shorten its
cash conversion cycle and gets its
customer receipts insured.
“Crescent Bahuman has
augmented its business with those
buyers who are on GT Nexus,” says
Munir. “Also, when buyers have
trouble opening lines of credit, we
get funding from the GT Nexus Early
Payment Program, which ensures
both security and the timely receipt
of funds.”