{"id":9743,"date":"2024-08-20T12:27:15","date_gmt":"2024-08-20T12:27:15","guid":{"rendered":"https:\/\/www.boozt24.com\/?p=9743"},"modified":"2024-08-20T12:45:39","modified_gmt":"2024-08-20T12:45:39","slug":"bitmore","status":"publish","type":"post","link":"https:\/\/www.boozt24.com\/en\/cases\/bitmore\/","title":{"rendered":"Bitmore"},"content":{"rendered":"
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Bitmore<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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HOJ PARMAR - GENERAL MANAGER\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The onboarding process went very smoothly, partly due to their \u2018casual\u2019 way of working; additionally, the people at Boozt24 are always available to assist you,\u201d concludes Hoj.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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About Bitmore<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The British company Bitmore<\/a><\/strong><\/span> provides 'feel good consumer tech' that makes life more enjoyable, produced with respect for people and the environment. Think of travel hubs, power packs, in-ear headphones (earbuds) and charging cables. Bitmore is committed to a sustainable future in everything the company does. To put its money where its mouth is, the company has established partnerships with leading organizations such as B Corp, Climate Partners, Repreve and 1% for the Planet. \"Our aim is to produce a range of high-quality products without creating more e-waste. And to transport these products in the cleanest possible way to our warehouses or directly to the customer.\" \u2013 Hoj Parmar, Managing Director of Bitmore.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Bitmore strengthens international growth with strategic branch in the Netherlands after Brexit<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Bitmore is an internationally operating company, with its management and marketing department in the UK, production facilities in Asia, delivering all over the world. Unlike other companies in this industry, Bitmore hardly sells B2C, for example via a webshop, it focuses on B2B. When it was founded in 2012, Bitmore was a multi-channel company. However, since 2017 the company has dedicated its efforts almost entirely on the travel retail sector with its duty-free shops and airlines with in-flight sales.<\/p>

To be able to continue sales within the European Union in a cost-effective way after Brexit, the company has opened a branch office in the Netherlands. From there, the products made in Asia are delivered to its customers within the EU, without any extra hassle. British customers are still supplied by the company's headquarters in Great Britain, whereas customers outside the UK and EU countries are supplied directly from the central warehouse in Hong Kong.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Challenge<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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There is a lot of money involved in the 'feel good tech' sector. Therefore, it is desirable that invoices for what has been delivered are paid quickly. Factoring allows you as a supplier to quickly have a significant part of your money at your disposal and create a good cash flow. It was only logical for Bitmore to opt for factoring when opening the Dutch branch to supply its EU customers. Unfortunately, the company to which Bitmore had outsourced factoring decided to withdraw from this market, while the company with which Bitmore subsequently joined forces turned out to have a very complex way of working, which did not fit in at all with Bitmore's business processes. The search for a better partner began again.<\/span><\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Solution<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Bitmore ended up at Boozt24 indirectly. The personal approach, its short lines of communication and a platform that fits perfectly with Bitmore's financial administration made it very easy to opt for factoring via Boozt24. After the agreement was signed, it only took about two weeks to link the financial processes. \"The onboarding process went very smoothly, partly due to their 'casual' way of working; in addition, the people at Boozt24 always have time to assist you,\" Hoj concludes.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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The Result<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Boozt24\u2019s personal approach appeals to \u2018feel good tech\u2019 company Bitmore<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The British 'Feel good consumer tech' company Bitmore was forced to supply its customers within the European Union differently as a result of Brexit, in order not to get bogged down in a complex import and export process. Because of its central location, the company opted for a warehousing solution in the east of the Netherlands. Due to the 'cash-intensive' nature of the company's activities, factoring was chosen in order to have the necessary financial resources at its disposal at any time. Eventually, Bitmore came across Boozt24 and was immediately taken with the personal, direct approach. The onboarding was arranged within two weeks. \"We have been working with Boozt24 for over a year now and are very pleased with the company, its financial platform and in particular the personal approach\" \u2013 Hoj Parmar, general manager of Bitmore.<\/div>\n\t\t\t\n\t\t\t\t\t\t
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Hoj Parmar<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
General manager<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Read our other cases<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\"Uitzendbureau-A28-sander-kroezen-en-henry-mol-portretfoto-1\"<\/div><\/a>\n\t\t\t\t
Secondment<\/div>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tUitzendbureau A28\t\t\t<\/a>\n\t\t<\/h5>\n\t\t\t\t
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\"All in all, pre-financing through Boozt24 works very well for us. Banks are not as willing, possibly because they look negatively at the staffing industry. A bank wants security, such as\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t

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\"Dialoc-ID-Cor-de-Nood-en-Sven-Counotte-portretfoto-1\"<\/div><\/a>\n\t\t\t\t
Technology<\/div>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tDialoc ID Products\t\t\t<\/a>\n\t\t<\/h5>\n\t\t\t\t
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\"Dialoc ID provides custom solutions... and that requires a financer who gives room to move... and we found that in Boozt24!\"<\/p>\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t

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\"Electromind-marcel-hesp-portretfoto-2\"<\/div><\/a>\n\t\t\t\t
Technology<\/div>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tElectromind\t\t\t<\/a>\n\t\t<\/h5>\n\t\t\t\t
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''At Boozt24, the people are entrepreneurs themselves, not bankers. This gives you more confidence from the start that as an entrepreneur with future plans, you will be heard.''\t\t<\/div>\n\t\t\n\t\t\n\t\t\tRead more \u00bb\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tAll cases<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Vanwege het \u2018cash intensive\u2019 karakter van de bedrijfsactiviteiten werd gekozen voor factoring, om steeds over de benodigde financi\u00eble middelen te beschikken. Uiteindelijk kwam Bitmore terecht bij Boozt24 en was direct gecharmeerd van de persoonlijke, directe benadering. \u201cWe werken nu inmiddels goed een anderhalf jaar samen met Boozt24 en zijn erg te spreken over het bedrijf, het platform en in het bijzonder over de persoonlijke benadering\u201d<\/p>","protected":false},"author":1,"featured_media":10248,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[7],"class_list":["post-9743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cases","tag-groothandel"],"yoast_head":"\nKlantencase | Bitmore | Boozt24<\/title>\n<meta name=\"description\" content=\"Het Britse \u2018Feel good consumer tech\u2019 bedrijf Bitmore zag zich bij de Brexit genoodzaakt haar klanten binnen de EU anders te gaan bevoorraden.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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