AGC AGC AGC AGC
  • About us
  • Who we are
  • What we do
  • Impact
  • Resources
    • AGC Insights
    • Case Studies
    • News
  • Contact us
AGC AGC
  • About us
  • Who we are
  • What we do
  • Impact
  • Resources
    • AGC Insights
    • Case Studies
    • News
  • Contact us
Sep 12

Urgent Service and Timely Cash Flow in Uruguay

  • 12 Sep 2016
  • Case Studies
  • factoring, Latin America, SME finance

Timely Cash Flow for Uruguay Urgent Service

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.

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-Mail

Comments are closed.

About

Follow our quick links to research and news related to financial inclusion, impact investing, and emerging markets. Dive deeper into AGC Insights for thoughtful articles on key themes and compelling case studies.

Category

  • AGC Insights
  • Case Studies
  • News

Advance Global Capital

60 Cannon Street
London, EC4N 6NP
United Kingdom
+44 (0) 7855 111 048
info@advanceglobalcap.com

Follow Advance Global Capital on LinkedInFollow Advance Global Capital on Twitter

Get in touch

Put your principal to work as flexible capital for SMEs in underserved markets. Learn more about Advance Global Capital Funds.

Contact us

Authorized and regulated by the UK Financial Conduct Authority (FRN 669678).

Privacy Policy | UK Stewardship Disclaimer | Important Legal Information
Terms of Use | Pillar 3 Disclosure

©2023 Advance Global Capital, Ltd. | Site: Defined Digital Marketing | Design: Erin Morton Creative