Logistics Plus LLC adopts the use of corporate credit cards to pay their suppliers and utilities their bank-assigned credit limit to its fullest potential.

“We are pleased to partner with PayMate which has enabled us with their B2B payments solution through which all our suppliers who don’t have the provisions to accept card payments can be paid directly into their bank accounts. Their solution helps us use credit, manage our cash flow better and ensure complete automation to avoid time-consuming processes.”

Suchit Sehgal

Managing Director, Logistic Plus

About Logistic Plus

Logistics Plus, Inc. (LP) is a 21st Century Logistics Company™ and a leading worldwide provider of transportation, warehousing, fulfilment, global logistics, business intelligence, technology, and supply chain solutions.

Headquarters

Dubai

Customer since

2019

Industry

Logistics

Payments processed every month

USD 10,000 to
USD 21,000

Problem statement

The use of their corporate credit cards was restricted to T & E (travel and entertainment) expenses Payment to suppliers that do not have options to accept credit card payments

Under-utilization of the bank-issued corporate credit card

Solution

PayMate offered its platform that would enable Logistics Plus in the following steps:

The PayMate platform enabled the customer to use their corporate credit cards on its platform for supplier payments.

With regular supplier payments being made through the corporate credit card, the credit limit assigned by the bank was utilized in an optimal manner.

The PayMate platform enabled the customer to use their corporate credit cards on its platform for supplier payments.

With regular supplier payments being made through the corporate credit card, the credit limit assigned by the bank was utilized in an optimal manner.

Outcome

Payments made directly into the supplier’s bank account.

Reduced need to dip into company funds from the bank account for regular supplier payments.

Result: Logistic Plus was able to utilize the available credit limits assigned by the bank on its corporate credit cards.

The logistics company improved its relationship with its suppliers payments were being made on time and directly into their bank accounts.

Customer Feedback

On a scale of 1-5, please rate the amount of efficiency brought in within Team Logistics Plus after using the PayMate platform.

On a scale of 1-5, please rate the ease of use of the PayMate platform.

Did you observe any cost reduction in terms of processes/ manpower/ manual reconciliation/ compliance for making payments?

Did the use of corporate credit cards for supplier payments help Logistics Plus in better utilization of cashflows?

Would you consider PayMate a secure platform to make supplier payments?

Would you consider PayMate as a primary platform for your supplier payments?

Problem statement

Solution

Outcome

Result: Logistic Plus was able to utilize the available credit limits assigned by the bank on its corporate credit cards. The logistics company improved its relationship with its suppliers payments were being made on time and directly into their bank accounts.

Customer Feedback

Result: Logistic Plus was able to utilize the available credit limits assigned by the bank on its corporate credit cards.

The logistics company improved its relationship with its suppliers payments were being made on time and directly into their bank accounts.