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JK Sugar & Commodities Pvt. Ltd. is a well-known name in the sugar industry, boasting a rich history spanning more than 4 decades. We are pleased to have collaborated with them in improving their business performance by onboarding their vendors onto our AI-powered vendor digitization and embedded supply chain financing platform.

𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐏𝐫𝐨𝐛𝐥𝐞𝐦: 𝐒𝐭𝐫𝐚𝐢𝐧𝐞𝐝 𝐖𝐨𝐫𝐤𝐢𝐧𝐠 𝐂𝐚𝐩𝐢𝐭𝐚𝐥

Trading in sugar requires robust working capital because brands operating at the top of the value chain work on extended credit cycles. However, vendors and manufacturers supplying sugar and other raw materials require advance payments. JK Sugar, with its 40-year legacy of credibility, wanted to sustain its trusted reputation and the toll the working capital was taking, hindering growth.

𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧: 𝐁𝐢𝐳𝐨𝐧𝐠𝐨’𝐬 𝐃𝐢𝐠𝐢𝐭𝐢𝐳𝐚𝐭𝐢𝐨𝐧 + 𝐄𝐦𝐛𝐞𝐝𝐝𝐞𝐝 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦

Through our embedded ecosystem of financial institutions, we ensured speedy disbursals to JK Sugar’s vendors. The benefits extended far beyond timely disbursals, streamlining JK Sugar’s operations. Using a single platform, the sugar giant gained complete visibility into daily raw material prices, goods movement, and funds disbursal from FIs to their vendors. Tracking transactions and cash history became incredibly easy for the JK team.

In addition to these remarkable benefits, Bizongo digitized JK Sugar’s entire source-to-pay lifecycle with platform-led e-invoicing, order management, e-way bill management, and digital delivery confirmations or E-PODs.

Mr. Jitendra Kumar Kantilal Shah, Director of JK Sugar praised Bizongo: “With Bizongo’s platform utilization, manual paperwork has vanished from our business. This has relieved us as everything seems to be operating smoothly.” Asked about the financing piece, he replied, “Now we have the peace of mind seeing that funds are flowing seamlessly to the stakeholders involved on time and our business continues to grow as usual.”

𝐑𝐞𝐬𝐮𝐥𝐭: 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 & 𝐑𝐞𝐯𝐞𝐧𝐮𝐞

Owing to the digitization of supply chain processes, JK Sugar saw a marked improvement in operational efficiency. Leveraging Bizongo’s digitization and embedded supply chain financing platform, JK Sugar increased revenue growth by 2x. The company plans to continue this momentum and grow with Bizongo.