Fluid's Collaboration With Food Market Hub

Fluid is pleased to partner with Food Market Hub, an F&B procurement and inventory management platform. This collaboration aims to seamlessly integrate Fluid's innovative payment solutions into Food Market Hub's ecosystem, helping restaurants and F&B businesses with greater financial control, flexibility, and efficiency.

About Food Market Hub

Food Market Hub is a provider of comprehensive procurement and inventory management solutions designed for the F&B sector. The platform helps restaurants and suppliers optimize their operations through streamlined and automated processes, encompassing ordering, inventory control, and payment processing.

Catering to a diverse clientele, from independent restaurants to established franchises, Food Market Hub offers a suite of features including sourcing, SaaS solutions, and integrated financing options for businesses of all sizes. Currently serving over 4,000 restaurants across Southeast Asia, Food Market Hub helps drive efficiency, profitability, and sustainable growth within the F&B sector.

About Fluid

Fluid alleviates the challenges inherent in traditional methods of B2B payment processing by offering flexible payment options and automating manual reconciliation processes, which not only drive higher conversion rates but allow for optimized cash flow management.

Leveraging innovative features such as instant credit approvals, automated invoicing, and real-time payment tracking, Fluid streamlines B2B transactions, reducing manual effort and enhancing transparency.

Challenges F&B Businesses Face

The food and beverage industry presents a unique set of complexities when it comes to managing B2B payments. Restaurants and suppliers alike grapple with a myriad of challenges, from managing a constant influx of paper checks with varying payment terms to reconciling payments from diverse sources. These manual processes are not only time-consuming but also prone to human error and fraud risks, potentially leading to costly discrepancies and strained supplier relationships with business buyers.

Furthermore, the lack of real-time visibility into payment statuses and outstanding balances hinders effective cash flow management and impedes informed financial decision-making. This opacity can create uncertainty and exacerbate financial strain, particularly for businesses operating within the F&B sector's characteristically tight margins. The restricted range of online payment options often imposed by suppliers further compounds these challenges, limiting flexibility and potentially deterring the adoption of digital payment methods.

Food Market Hub's Partnership With Fluid

This partnership directly addresses the challenges faced by F&B businesses in navigating the complexities of B2B payments. By integrating Fluid's B2B BNPL capabilities into Food Market Hub's platform, businesses gain access to a streamlined and automated payment system that solves cash flow issues, reduces administrative burdens, and enhances financial transparency.

Flexible B2B Payment Methods

Restaurants and F&B businesses gain access to a diverse suite of preferred payment methods, including multiple digital payment options and B2B Buy Now Pay Later installment plans that best suit their unique cash flow requirements. This enables strategic alignment of business transactions with payment cycles, optimizing working capital and mitigating financial strain.

Streamlined Operations through Automation

By automating key business payment elements, such as aging, reminders, and reconciliation, users significantly reduce manual effort and minimize the risk of errors. This enhanced efficiency frees up valuable time and resources, allowing businesses to focus on core operational functions and customer experience enhancements.

Financial Visibility

Real-time tracking of payment statuses, invoices, and outstanding balances provides businesses with financial transparency. This granular level of insight through Fluid's B2B payment platform helps proactive and data-driven decision-making, facilitates effective communication with suppliers, and strengthens financial control.

Healthier Cash Flow

The ability to defer payments and align them with revenue streams provides a significant advantage for F&B businesses. This optimized cash flow management reduces financial pressure, allowing for strategic allocation of resources, investment in growth opportunities, and enhanced resilience in navigating economic fluctuations.

Conclusion

Leveraging Fluid's B2B payment solutions into Food Market Hub's platform represents a significant step towards providing users with a comprehensive and efficient procurement experience. With streamlined processes, enhanced financial control, and greater flexibility, this partnership paves the way for a more efficient F&B ecosystem.