A popular online fashion retailer in the UK, was on a mission to bring the latest trends to fashion enthusiasts across the country. However, their rapid growth was being hampered by a cash flow issue. The delay in receiving VAT refunds was affecting their ability to restock popular items quickly and launch new collections in a timely manner.
The company’s CFO, Sarah, was on the lookout for a solution. When she came across Adsum and their Instant VAT Refunds service, she was intrigued. The idea of receiving VAT refunds in just 60 minutes seemed almost too good to be true, but she decided to give it a shot.
The results were nothing short of remarkable. With Adsum, they started receiving their VAT refunds in just 60 minutes, a significant improvement from the usual 5-10 day waiting period. This had a profound impact on their inventory management. They could now restock popular items more quickly, reducing out-of-stock situations and improving customer satisfaction.
But the benefits of early VAT refunds extended beyond inventory management. With improved cash flow, they were able to launch new collections more frequently. This not only delighted their customers but also gave them a competitive edge in the fast-paced world of online fashion retail.
Moreover, the early VAT refunds also enabled them to invest in marketing and advertising efforts sooner. They could launch new marketing campaigns right after introducing a new collection, driving more traffic and sales.
Reflecting on the impact of Adsum’s service, Sarah said, “Adsum’s Instant VAT Refunds service has been a game-changer for us. It’s not just about the money – it’s about the speed. We can now launch new collections and marketing campaigns faster, and keep our inventory well-stocked. This has been key to our growth and success.”
