Supply Chain Finance for Hotels with LivFin

Hospitality is one of those industries which witnesses extreme fluctuations in demand based on location and season. Moreover, things like availability of complementary services, payment mode and customer types also have a net effect on a hospitality establishment's business. Moreover, for business hotels that cater exclusively to corporate clientele payments can often get stuck in lengthy payment cycle of up to 120 days, thus restricting the cash flow and reducing the working capital available to the hotelier. In turn, affecting the supply chain of the hotel by disrupting payments for its suppliers.

Supply Chain Finance for Hotels

To help hotels get out of the challenging situation of managing so many factors that determine revenue, LivFin offers an easy way out in the form of supply chain finance. With LivFin Supply Chain Finance, a hotel can easily manage its working capital during the off-season while paying its employees and suppliers on time and planning marketing strategies for the peak season all at once.

By making payments on time, the hotel also maintains good relations with its vendors and suppliers. And, by paying the employees on time, the hotel can increase its employee retention percentage and not lose top-talent to the competition.

Here's how our supply chain financing solutions for hotels work:

• A hotel owner can extend the payable duration of the hotel's invoices to be paid to its suppliers/vendors.
• The suppliers/vendors can pick and choose invoices for which they want early payment.
• LivFin processes the payment to the suppliers/vendors while charging a small processing fee. Payments can range between 80 to 100 percent of the invoice value.
• The hotel/hospitality company repays LivFin on or before the due date of invoices cleared to it suppliers/vendors.

Moreover, the hotel itself can become a supplier of services to a larger corporate body and benefit from Livfin invoice finance in the same manner as its own suppliers.

If you are a hotelier and would like to know more about supply chain finance solutions for the hotel industry, you can contact a financial specialist at LivFin by dropping a mail to care@livfin.com or getting in touch with us at 1800 120 7018.

Read More: Best Unsecured Supply Chain Finance for Start-ups

About LivFin

We are India's leading supply chain finance provider, offering invoice finance and invoice discounting services for a range of industries and businesses. Our invoice finance solutions are empowering countless businesses in India. Grow your business without accumulating debt with supply chain finance today. Visit us at www.livfin.com.