When Russomando S.A. gets a call, they respond. The private ambulance services supplier operates a fleet of 56 ambulances across Uruguay with a staff of 350. On every ambulance trip, a doctor, a driver, and 2 support medical staff provide service. Keeping vehicles available and ready to respond is critical to the community and to the success of the business.
Invoice Discounting and Timely Cash Flow
Invoice discounting gives Russomando the flexibility to request payment when they need it. Invoices for trips completed go to public and private institutions once a month, yet the company pays staff weekly. With a 60-day term on an invoice, a slow April may not provide enough income for payroll in a busy July.
To manage the cashflow, Russomando turns invoices into financeable assets with an AGC factor partner in Uruguay. When the company needs to increase cashflow, they request payment on approved invoices from our factor partner at a discount. Russomando receives the cash they need immediately and the factor collects payment from the institution at the end of the term.
Russomando has provided uninterrupted service to institutions, corporations, sports events, and the public since 1983. AGC is helping the company stay ready for that urgent call.