WELCOME to Pharmacy Daily's weekly comment feature. This week's contributor is Mark Churchill, Director, Banking & Investment, Kizmet Capital.
Solutions for tighter cashflow
The financial impact of 60- Day Dispensing won't be felt immediately but as time goes on you will notice the cash in your business tightening.
Generally, when cash flow is impacted the first response tends to be to turn to the wholesaler to look to extend trading terms.
If you are the one of many in this situation, then they may be slow to react or reluctant to open-up this option.
Finance brokers such as Kizmet not only deal with the major banks but also have a portfolio of financial products that are designed to solve your cashflow needs.
It's that independence that allows Kizmet to look at your core banking and debt requirements, work with your current lender and then introduce the right cashflow debt strategy.
This may be an increase with your current bank, a trade finance facility or a short-term debt facility from a 2nd tier lender. The point is one broker can open up all options.
Learn more HERE.
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