Build a Working Capital Strategy that Strengthens Your Financial Future:
HMC, a leading architectural millwork firm, faced challenges in managing cash flow due to the high costs of custom materials, often requiring significant upfront deposits. By utilizing Billd’s payment solution, HMC has been able to finance their materials without depleting cash reserves or relying on bank loans, enabling them to secure supplier discounts and free up capital for business growth.
"The Billd team just gets it. It’s obvious that they understand the business, the industry, and the payment issues that exist in the market. Before Billd, we would have to come out-of-pocket to pay for the direct materials and subcontractor payments. We have used Billd’s material purchase solution on five jobs thus far. We estimate a 15% savings to our direct materials expense with Billd and the residual benefits are just as great – there is no limit now on how many jobs we can purchase materials for!"
HMC is an architectural millwork firm that specializes in custom design and builds for some of the country’s largest retail brands, hospitals, universities, and corporations. They’re known for their ability to fabricate complex custom millwork from a variety of materials. In addition to millwork, they provide a wide range of full-scope interior design, food service design, equipment specification, construction and project management services. They continuously raise the bar in product and service and maximize opportunities for innovation, functionality, and design.
Since HMC specializes in custom millwork and fabrication, the materials they purchase for projects are always custom, specialty products. Because of that:
After hearing about Billd online, HMC has been using Billd’s innovative payment solution to purchase their custom specialty materials.
Eliminate the funding issues they were previously experiencing with vendor credit methods and keep their projects on schedule, no matter how many were happening at once.
