Interviews
How streamlining financial processes helped Pack Fulfilment achieve sustainable growth
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Mimo
Team
Founded in 2018, Pack Fulfilment is a sustainable eCommerce fulfilment solution for forward-thinking brands.
Their founder, Alex Saffari, was working in the logistics space and knew things could be done better, both from a service perspective and in how the industry approached sustainability and the environment. The mission was to do something clean in a traditionally dirty industry.
Due to an increase in e-commerce and D2C business in the UK during the COVID-19 pandemic, Pack Fulfilment went through a period of fast growth.
This growth has continued rapidly since then, bringing with it some financial challenges and puzzles for Alex to solve.
The challenges
For Alex, there were three main challenges that the business faced as it continued to grow:
Access to current data: A lack of access to real-time data and digestible insights was restricting the team from making fast financial decisions and running with opportunities that could further propel business growth.
Poor cash flow visibility: Due to a lack of resources, getting data at speed was difficult, meaning visibility over live cash flow was more or less impossible.
Strained and inefficient use of resources: Manual processes to manage the day-to-day business finances like paying suppliers, invoice reconciliation and payroll meant that Alex was struggling to find time to stay on top of everything.
The solutions
According to Alex, delegation and outsourcing is the key to navigating these challenges. “I'm a great believer that you can do some great work by outsourcing", he explains. "Finding the right partners and the right systems can help you keep on top of the important financial details, and will also free up time to focus on the valuable activities in the business."
Mimo, is one of the game-changing solutions that Alex brought into his business to do just that.
Here’s how we helped:
Seamless accounts payable solutions: Using Mimo’s Accounts Payable solutions, Alex started saving 4 hours per week on making payments and managing reconciliations. This also helped him gain more cash flow oversight for a better picture of current business finances.
Payroll automation: Growing from 3 to 25 employees, manually entering banking and payment details became an unmanageable task. With Mimo’s payroll solutions, Alex simply uploads a CSV file and pays all 25 employees with a click of a button.
“As founders, any solution or tool that helps us climb out of the financial admin weeds and get us a better view of how the land lies, is really helpful.”
Alex Saffari
Founder, Pack Fulfilment
If, like Alex, you want to upgrade your financial processes, get in touch to find out how Mimo can help take the pain out of payables, free up your cash flow and work wonders for your next payroll run.