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Release capital currently tied up in stock
Dynamic, need-based cost of borrowing
LABEST makes inventory usable as collateral
In many cases, banks do not accept inventory as collateral. The reason? They cannot track what happens with the goods pledged as collateral, in other words, what comes in or goes out, slow-moving products, stock locations, market values, etc.—they lack transparency. This makes warehouses a black box and inventory financing too great a risk for banks.
LABEST makes inventory transparent
LABEST and its LABEST.solutions tool offer a platform for businesses looking to drive growth that facilitates asset-based funding as a genuine alternative financing option. Designed as a customizable, flexible and transparent platform, LABEST can be accurately tailored to the needs of businesses and their funding providers. As a cloud-based Software-as-a-Service (SaaS) solution, LABEST.solutions integrates easily with existing systems and is simple to use without disrupting daily operations.
Connected to the ERP system, LABEST.solutions creates transparency by providing access to real-time information on stock that enables banks to accept inventory as collateral for a line of credit.
Information provided by LABEST
Inventory movements
LABEST maps the inventory movements, in other words, incoming and outgoing goods, eliminating the need to provide banks with additional reporting in the form of manual lists or files.
Market value developments
LABEST adds current market values from independent price sources, ensuring up-to-the-minute market valuations of your inventory—which you can access too.
Credit level changes
Credit and stock level changes are compared at a glance, providing you and your financial institution with information on changes, risks and potential.
ADVANTAGES OF USING LABEST
Stock as funding source
Turn tied-up capital (inventory) into ready cash
Secure purchase discounts
Use discounts, reductions, etc.,
and improve your margins
Dynamic credit lines
Transparent and needs-based inventory financing
Dynamic interest trend
Interest payable only on drawn amounts, not on unused credit lines
Reduced administrative burden
LABEST’S reporting module considerably reduces the time spent on routine manual stock reports
Simple switch
Your data remains your property, enabling you to switch financial institutions at any time
CONTACT - QUESTIONS - COMMENTS
Feel free to contact us with any questions or comments you may have on any aspect of our tool or the use of LABEST.solutions for your business.
INQUIRE ABOUT INVENTORY LOANS
Are you considering an inventory loan and need a quote? Visit our online quote facility for inventory financing at labest.finance