We have sought since the very beginning of the company to make prudent financial management one of our core competencies. Managing Ymer Technology’s finances based on best practices not only secures our long-term success but makes us a more attractive and competitive option for our customers.
At Ymer Technology, we pride ourselves on practicing our Five Cornerstone Principles of Financing:
We put a lot of effort into developing and nurturing our sourcing and purchasing operations, including continuously and diligently working on pricing, payment terms and the financial performance of our growing business. While doing this, we are continually mindful of building partnerships with our suppliers and of the importance of their financial soundness. Beyond the financial relationship, we seek to encourage creativity and imagination in their offerings to help facilitate innovation.
We operate with dynamic safety inventory closely together with our suppliers to be able to give our customers timely, non-interruptive deliveries. We also strive to run lean with just-in-time deliveries and first-class logistics to truly minimize working capital requirements.
We negotiate extensively with our suppliers and our customers on payment terms. With company payment terms important to our cash flow, we put a great deal of effort into this area to be sure we have the resources available for sustainable technological innovation on our customers’ behalf.
Our financial monitoring and control architecture supports our business with timely, fact-based and actionable information. We continuously invest in our Group-wide ERP system, finance and business control functions – a necessity for innovative and competitive market advantages.
We put the same effort into nurturing our long-term relationships with the banking community as we do with our own customers. To us, banking partnerships have been and are a crucial piece of the Ymer Technology success story.
Each and every day, we use our knowledge, skill and imagination to tailor exact solutions to our customers’ problems. As we’re a Scandinavian company, we’d like to think that our heritage of excellent engineering gives us an edge. After all, we’re