Knoxlabs Case Study

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Knoxlabs Case Study

Introduction 

In the dynamic world of VR technology, managing cash flow can be as complex as the technology itself. This case study highlights how aqeel, an innovative Fintech, has played a pivotal role in reshaping the cash flow management for America's leading VR marketplace, Knoxlabs. 

Challenges Faced by Knoxlabs 

In the face of a rapidly evolving market and with a clientele of over 400 businesses, managing cash flow amidst unpredictable supply chains and liquidity issues posed a significant challenge for Knoxlabs. The struggle was akin to our founder’s experiences, where unpredictable shipping and stringent payment terms compromised financial flexibility. 

aqeel’s Cash Flow OS solutions 

  1. Optimizing Inventory with "Sell First, Pay Later": This solution allowed Knoxlabs to transform its approach to inventory management. This product is specifically tailored for large inventory orders, enabling Knoxlabs to sell their inventory before paying for it, aligning their expenditure with their sales cycle and thereby stabilizing their cash flow. 
     
  2. Accelerating Receivables with "Early Payout": As VR technology gains traction in the education sectors, Knoxlabs has become a key supplier. While customers in the education space often require longer payment terms, aqeel’s Early Payout product has been instrumental in enabling Knoxlabs to receive early payments on their receivables, fueling their high growth in this sector. 

 
Impact on Knoxlabs 

These solutions from aqeel have enabled Knoxlabs to navigate through the challenges that come with disrupted supply chains, limited cash reserves, and high growth. The versatility and ease of use of aqeel’s Cash Flow OS was key for Knoxlabs in quickly adopting aqeel’s cash flow management solutions.  
 
As Knoxlabs' CEO Taron says, "aqeel is a great solution for managing our cash flow. Whether we want to delay paying suppliers or get paid faster on sales, it gives us the flexibility we need. Anthony and the team understand these issues and are great to work with." 

The Distinct Advantage of aqeel 

aqeel's solutions have been crucial in enabling Knoxlabs to effectively manage the complexities of disrupted supply chains and fluctuating cash reserves amid rapid growth. The key differentiator for aqeel is its combination of an intuitive interface, versatile options, and a swift, decision-making process. This efficiency is driven by advanced machine learning technology for underwriting decisions, providing Knoxlabs with the agility needed to navigate through a complex global supply chain and a challenging financial landscape. 

 
Conclusion 

aqeel is committed to continuing its support for Knoxlabs and other growing companies of its kind, aiming to further develop tailored cash management solutions. Explore how aqeel can transform your business's financial strategies. Visit our website to learn more about our innovative solutions and start your journey towards effective cash flow management today.