Can you define stock carry?
The stock carrier is aimed at companies that have all kinds of stocks (finished products, raw materials, components, tools, etc.), both from the commercial and production sectors. He offers them to buy his inventory to immediately drain the cash within the organization. However, our offer does not stop there. Atlantiq, which has been around for a dozen years, has developed a solution that covers the entire operating cycle: trade payables, inventory and trade receivables from start to finish, which is unique in the market.
Our system makes it possible finance the working capital requirement (BFR) of the company as a whole, through the payment of supplier invoices, keeping the stock acquired for the time of its use (consumption or sale) and keeping it until the final customers are charged, if applicable. Atlantiq thus becomes the financial owner of the products instead of the company, which continues to manage them physically and operationally. It is a complete outsourcing of financial flows related to inventory (purchases and sales) with significant productivity gains at stake, thanks to the digitization and management tools developed by Atlantiq.
Added to this improvement in cash flow a second component, that of management Invoices from outsourced administrative and financial providers. It also includes its validation, the payment of stocks, its valuation and customer invoices, without forgetting its collection.
Thanks to its intelligent analytics system, Atlantiq guides companies towards more relevant product purchases (at the right time and in the right quantity) and tracks insufficient product rotations. We help companies avoid overstocking.
Why is it so little known in France?
France remains a bit traditional in terms of financial engineering, even if it regularly rises in the world ranking of the most innovative countries (11th place in 2021 in the World Intellectual Property Organization report). Our companies are more familiar with equity pledge financingsometimes offered by banks or factoring or reverse factoring solutions, which have a certain maturity.
The principle of the pledge on shares is to grant a loan to companies, taking the shares as collateral. Financing is generally limited to 70/80% of the inventory value. The pawning process is generally quite cumbersome and administratively expensive. The financing also does not cover the entire BFR, requiring the company to stack multiple layers of solutions. Ultimately, it is just a question of financing and not a real operational solution to improve working capital.
That is not what we are offering at all. Atlantiq provides cash to the company when it is needed, and manages to perfectly match incoming and outgoing cash flows. The assistance provided does not interfere with the operational process. On the contrary, it embraces it and allows its optimization, while highlighting the sources of possible optimizations. That is why the solution provided by Atlantiq especially helps growing companies, who need to store and buy more to be sustainable and grow their business without hindrance. More than a boost, inventory maintenance is a true asset for companies and should reflect good management, even more so given the economic situation.
How does stock keeping respond to today’s business issues?
The economy is currently very fragile as a result of Covid and the war in Ukraine. The cost of raw materials and transportation has increased considerably. Prices are getting higher and scarcity is multiplying in various sectors of activity. The State no longer distributes aid, and it is time to return the old ones. At the same time, short-term interest rates are rising very sharply, a phenomenon that has not been seen for several years.
However, companies need to develop and organize. In this context of scarce and expensive resources, they question themselves to determine the best buying and selling strategies. And to sell well, it’s important to have the right products, at the right price, in the right quantity, and at the right time. Whoever says to secure purchases, supplies or production also says they need cash, hence the relevance of our solution today.
To sum up, Atlantiq supports growing companies, over time, but also with their strategic purchasesalso so-called opportunity purchases for so-called “spot” operations.
What types of companies are you targeting?
Virtually all business sectors are eligible for our solution, as long as a product is in stock and not sold immediately. Atlantiq has customers, for example, in the industry (automotive, aeronautics, electronics), production, construction, retail, marketing of all kinds of products, large distribution, marketplaces, etc.
We address SMEs and ETI as well as large groups. The minimum size of an implementation usually starts from an inventory of €500K. For large groups, the arrangements offered are generally quite sophisticated.
Atlantiq just got a new twist: what is it?
When creating our solution for the portability and operational management of stocks and WCR, we realized that our ERP was not enough to build an excellent product. Therefore, we have chosen to develop a custom one, which allows track and value inventory as accurately as possible that is, according to the most reliable method in our opinion: the weighted average unit cost. It also allows us to automate almost 100% the validation of supplier invoices from the physical receipt of the items.
Thus, almost the entire supplier invoice validation process has been automated from the physical receipt of the products to save time. This tool did not exist in the market. We needed it primarily to secure and monitor our financial operations, but we also quickly realized that it could be useful to our customers and their suppliers.
This is why, and in response to the demand of our customers, we have decided to offer them an opening to the tool, to later enrich it with additional bricks according to their needs and ours. We have developed a dashboard to better visualize inventory purchase, sales and invoice processing with a single click. Functions that are currently offered in the market, to customers who do not necessarily use our portability solution. So they are just members of this new piece of software, marketed in SaaS mode and on a subscription basis.
For whom? What are the advantages ?
This SaaS software offering called AQ EYES is primarily aimed at companies with shares. Mainly affects SMEs, which do not necessarily always have the financial means to equip themselves with ERP and yet need quality software to secure their margins. In addition to productivity and time savings, it also allows companies to have the proper valuation of their stocks at all times. The offer will constantly evolve according to the expectations and needs of customers.. We will also present it at Salons Solutions, on October 11 and 12, 2022 at Porte de Versailles (Paris).
Finally, why use Atlanticq to improve your cash flow?
Because there are no solutions on the market that address BFR as a whole like Atlantiq, while optimizing processes and generating productivity gains.
Because Atlantic is first and foremost an operating company with more than 12 years of experience in most sectors of activity. Atlantiq always works in a custom logic, with rapid decision making, which is also appreciated by our clients and does not deprive them of market opportunities.
Our start-up DNA makes us very flexible over time. Thus, the assemblies offered at the beginning are constantly redesigned according to the present and the needs of the client. Our support can be used in the context of unique needs as well as longer term needs.
Our common thread and our permanent ambition ishelp our clients to make the best possible decision, in relation to their activity and their situation freeing them from all administrative burden and liquidating their stocks, so that they can concentrate on the development of their activity.
This content was produced with SCRIBEO. The BFMBUSINESS editorial team was not involved in the production of this content.
Source: BFM TV
