ABOUT BUON FORNOBuon Forno are an Irish based Italian Culinary Solution supplying Hotels, Coffee shops, Pubs & Clubs in Ireland with 100% Traditional Italian Ingredients - directly from Italy.
THEIR CHALLENGEThe company has seen massive growth over the last year following substantial orders from big Irish suppliers such as Musgraves. They have sufficient capacity to supply their ingredients but not to finance their orders. As orders have increased they have had to offer their clients extended payment terms. This allowed them to take on more business but also led to the requirement of Invoice Financing. As their Debtors are of sufficient quality across Ireland, Accelerated Payments were able to make a quick credit decision and start funding within a couple of days.
BENEFITSince Buon Forno have streamlined their debtor’s ledger, they have been able to take on bulkier orders without the worry of financial strain. Their Business continues to grow as orders have now been ramped up. They can pre-screen debtors to see if they are fundable and sell with confidence knowing the they have the funding in place for these orders. In addition, the e-invoice platform operating by Accelerated Payments has proven to be popular with their debtors as it reduces in bound queries relating to the status of their invoices. The debtors can simply approve the valid invoices and pay on due date and no longer have to take calls requesting early payment.
“Working with Accelerated Payments has allowed us to grow our orderbook as cashflow is no longer an issue. Using Accelerated payment’s facility has allowed us to grow our Business as orders have ramped up. The ease and speed of funding is second to none and I would highly recommend any company experiencing cashflow issues to avail of their facility”