We got the funds to enhance our working capital & win more deals due to easy access to credit. This helped us increase our sales by double-digit & increase our revenue.
Anil Kumar NBPromoter, Systech Services Pvt Ltd
About the Company
Systech Services Pvt Ltd has been at the forefront of innovations in Information Technology (IT) with services such as system integration, security management, and networking since 1998. Operating in Bengaluru, Hyderabad, and Chennai, Systech Services’ top-notch sales and service support has won them partnerships with elite brands like Cisco, IBM, Lenovo, Microsoft, and Brocade.
Over the past 30+ years, Systech Services Pvt Ltd has successfully catered to the most challenging demands of corporate customers across the Subcontinent. A minor hindrance impairing Systech Services Pvt Ltd’ future growth was shortage of working capital. The COVID-19 pandemic further impacted cash flows that took the company closer to exhaustion of credit limits at banks and NBFCs. Finding new banking and NBFC partners meant a painstakingly long and tiresome due diligence and paperwork.
Systech Services Pvt Ltd needed a partner who could help them access the right kind of deals, and more importantly, close them fast.
To work on more projects that require the implementation of advanced technology and back-end connectivity, Systech Services Pvt Ltd needed access to immediate capital. The company had expansion plans in the pipeline and needed Rs 3-4 crore funding to execute them. Their lack of an in-house financial and debt expert and presence in multiple cities mounted the capital shortage pains.
This was when Systech Services Pvt Ltd contacted Yubi.
The company enrolled on Yubi’s YubiFlow marketplace with minimal documentation, within 24 hours, despite the company’s promoters being located in different geographies. YubiFlow’s digital-first pedagogy helped Systech Services Pvt Ltd come onboard in almost no time and kickstart their quest to find the right investor or lender who would finance their funding requirements.
YubiFlow gave Systech Services Pvt Ltd the exposure to the network the company needed to access the right kind of supply chain finance deals. At the same time, the marketplace allowed them to liaison with multiple lenders simultaneously.
With the YubiFlow marketplace, Systech Services Pvt Ltd received access to a dedicated business expert to help broker the perfect deal and get the company’s funds to charge their operations. The company noted that while private lenders were offering funds at an interest rate of 30-40%, Systech Services could shake hands on a deal with a financier at 12% interest.
Systech Services Pvt Ltd could procure funding of Rs 4 crore in under a week on the YubiFlow marketplace. The swift and efficient disbursal of the funds also ensured that the company could focus on their growth strategies- efforts that helped Systech Services Pvt Ltd operationalise 2 new Purchase Orders (POs) in under 7 days of receiving the funds.
With operations functioning like a well-oiled machine, Systech Services Pvt Ltd was able to purchase additional stock to reduce the time taken to make deliveries to their clients- a move that helped significantly enhance customer satisfaction for the company.
While our customers already speak highly of the platform, we are innovating every day to enhance their experience multifold via technology.