Case Study
Accelerate Credit Card Activation by 10x with Jack, Empowering Magalarva to Optimize Cash Flow Management
With Jack's Corporate Card, Magalarva can now defer production costs payments until the end of the month. This transformation facilitates better cash flow management, assists the achievement of production targets, and allows Magalarva to price its products more competitively and surpass its competitors.
Outcomes Experienced by Magalarva After Utilizing Jack
20%
Saved production costs per year
10X
Accelerating the corporate card activation process
Industry
Agritech
Product Used
Corporate Card (Virtual)
Favorite Features
24/7 Customer service availability
User-friendly interface
Streamlined and efficient card issuance process compared to conventional banks
Corporate Card without monthly or annual fee
"Corporate Cards (Virtual) successfully help Magalarva to reduce production costs by up to 20%, thus helping to maintain the company's cash flow."
Rendria Labde, CEO Magalarva
Latar Belakang
PT Magalarva Sayana Indonesia (Magalarva) merupakan perusahan pengolahan sampah makanan no. 1 di Indonesia, menggunakan serangga Black Soldier Fly atau yang populer dengan nama belatung/maggots untuk menjadi pakan ternak. Produk unggulan Magalarva antara lain adalah protein dalam bentuk larva maggots, tepung protein, maggots kering, dan lain-lain. Magalarva memiliki visi untuk memaksimalkan program pengelolaan sampah makanan berkelanjutan yang dapat memberi manfaat bagi lingkungan dan masyarakat. Saat ini Magalarva telah dipercaya oleh beberapa klien dari perusahaan swasta ternama seperti Astro, Cimory, Alam Sutera, Indomilk maupun pemerintahan seperti Dinas Lingkungan Hidup.
Sebagai pelopor dalam industri pengelolaan sampah makanan, Magalarva berupaya untuk memperluas jangkauan pengolahan sampah makanan di Indonesia. Magalarva juga memiliki visi untuk meningkatkan skalabilitas produksi hingga 50-100 ton perhari. Namun, untuk mencapai skala produksi yang lebih besar ini, Magalarva memerlukan sumber daya yang cukup besar, termasuk investasi modal dan juga penetrasi pasar yang luas. Salah satu tantangan yang dihadapi Magalarva saat ini adalah bagaimana meningkatkan skala produksi dan mengatur cash flow agar mencapai target produksi. Salah satu kolega kemudian mengenalkan Jack beserta fitur-fiturnya, yang beberapa keunggulannya sangat sesuai dengan kebutuhan Magalarva, terutama dalam pengaturan cash flow perusahaan.
Jack's Corporate Card enhances Magalarva's cash flow stability, granting the company the capacity to offer customers more flexible and extended payment scheme options.
How Jack Helps Magalarva
From Unpredictable to Stabilized Cash Flow
Magalarva’s aim to minimize production costs in order to maximize product pricing often clashes with the need to allocate upfront payment of production costs. However, with Jack's Corporate Card, Magalarva can now defer production costs payments until the end of the month. This transformation facilitates better cash flow management, assists the achievement of production targets, and allows Magalarva to price its products more competitively and surpass its competitors.
Complexity Issuance Corporate Credit Card to More Efficient Process
As a growing company, Magalarva required corporate credit cards to support their daily production needs. However, the conventional process of obtaining a corporate credit card from banks is complicated and time-consuming, often taking up to several months. Jack's Virtual Card eliminated this convoluted process dramatically by enabling a corporate card issuance in less than 7 days.
Limitations of Payment Schemes to Flexible Transactions for Customers
During transactions, Magalarva's customers often adhere to specific payment schemes or terms. Jack's Corporate Card enhances Magalarva's cash flow stability, granting the company the capacity to offer customers more flexible and extended payment scheme options. This gives Magalarva a competitive edge in the waste management industry, as it can offer customers a more convenient and affordable payment option.
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