Client testimonial – Chimirec
Chimirec testimonial transcript
Receivables financing within the Chimirec Group: key challenges
The Chimirec Group operates 42 sites in France and 7 internationally. Its French revenues amount to €286 million, of which 30% are financed through receivables financing across 15 agreements covering 250 customers.
Why choose ARI Trade?
First and foremost, to unlock immediate liquidity. We also worked on three additional key priorities:
- improving operational efficiency in the management of assignments to factors
- standardising assignment processes across multiple factors
- ensuring automated compliance with accounting cut-off deadlines in line with factor requirements
Tangible benefits delivered by ARI Trade
Today, the main benefit of ARI Trade for the Chimirec Group is the generation of liquidity and the optimisation of working capital. Other advantages include significant time savings in receivables financing operations. The processing of 15 contracts now takes only 1.5 days, compared with 4 days previously. Time savings have also been achieved in data extraction, along with improved traceability of customer exposures and, most importantly, a consolidated overview through management dashboards.
Your experience of ARI Trade in one sentence?
Very high satisfaction with ARI Trade after two years of use. It is a practical and efficient solution to support receivables financing management.