The Supply Chain Finance platform Traxpay and Landgard are launching the Traxpay Supply Chain Finance Program with immediate effect. Landgard now offers the Traxpay solution “Dynamic Discounting” to more than 4,500 of its suppliers.
Landgard has already used the financing platform in the area of Dynamic Discounting as a supplier to the EDEKA headquarters. The positive experience with Traxpay convinced Landgard to now facilitate the procurement of liquidity for its affiliated suppliers as a buyer and to achieve more together. The flexible provision of liquidity is in the foreground.
Through the early payment program Dynamic Discounting, the innovative producer association offers its suppliers the possibility of being paid early in exchange for a discount. This enables suppliers to generate liquidity at short notice if required, while Landgard receives a discount in return and also supports its supplier ecosystem through flexible access to liquidity. True to Landgard’s motto, this enables buyers and suppliers to grow beyond themselves as partners.
“With Traxpay’s dynamic financing platform, our suppliers have the opportunity to accelerate their outstanding invoices when they want to improve their liquidity. Suppliers decide if and when they want to accelerate. This early payment option gives them access to additional liquidity at comparatively low financing costs. For us at Landgard, this is an important step in strengthening our supply chain, increasing transparency towards our suppliers and digitalizing our processes,” explains Michael Maas, Division Manager of Finance and Accounting at Landgard. “The simple and intuitive operation of the Traxpay platform enables our suppliers to manage their liquidity with just a few mouse clicks. They can simply request early payment of their invoices in exchange for a small discount. For the suppliers, the use is free of charge. We are also working with Traxpay to offer our suppliers other value-added solutions in the near future.”
“In line with the motto ‘Achieving more together’, our platform offers a classic win-win situation for all parties involved. Landgard’s suppliers get access to low-cost, bank-independent financing options and flexible control and transparency over their cash flows and Working Capital. During onboarding, we took a lot of work off Landgard’s hands and benefited from the fact that many suppliers are already registered and familiar with the platform thanks to our early payment program with EDEKA,” explains Dr. Sven Weißmann, CSO of Traxpay.
Landgard, based in Straelen-Herongen, is a sustainable, successful marketing cooperative owned 100 percent by growers. With over 3,000 member companies, Landgard is one of Europe’s largest marketing organizations for flowers and plants as well as fruit and vegetables, and generates annual sales of over 2 billion euros. Around 3,000 people are employed in the Landgard Group’s divisions and subsidiaries. Under its own brand, Landgard operates 32 cash & carry stores in and outside Germany, supplies large organized retail customers from DIY chains to food retailers to discount stores, garden centers and specialist retailers with its own fresh produce logistics, and operates the only auction for potted and flowering plants and cut flowers in Germany.