Demica Director – Working Capital, Johannes Wehrmann, talks about his role and what advice he would give to businesses looking to improve their liquidity.
How long have you been at Demica and where did you work previously?
I joined Demica in Summer 2018 after spending 13 years at Targo Commercial Finance (former GE Capital).
What do you like the most about working at Demica?
The diversity of our products and markets in combination with an exceptionally talented group of people make the work at Demica both challenging and rewarding.
What piece of advice would you give to businesses who are looking to improve their liquidity?
Working capital optimization is key, from receivables finance to payables finance, really consider all available options as the market is undergoing a rapid change. Surplus liquidity from the banking sector and technology improvements fuel this change.
What is a common misconception about working capital solutions that you hear all the time?
The main objections are the price factor and the acceptance of this form of financing by the involved parties. Due to a continued professionalisation of the involved players and the above-mentioned macro drivers, prices have come down significantly and compare well with other sources of financing. As funders gain market share, more and more companies use this form of financing and the acceptance and public perception of the products increase over the years, even though this is different by product and jurisdiction and a function of the level of development in the respective country.
Finally…If you had to be an animal, what would you be?
I would want to be a dog like our family dog, loyal, playful and cheerful.
For more information about Demica’s products visit – www.demica.com/products