idsMED Group – Revitalising Capital Flows

idsMED featured in UOB video showcasing how idsMED and UOB worked together to ensure the smooth-running of cash flows for idsMED. The video features Rufi Susanto, idsMED Group President.
13 January 2023

Smooth-running cash flows are integral to the growth of any business, especially for companies like idsMED Group, a leading medical supply chain provider in Asia.

With operations spanning nine countries, including Singapore, Malaysia, and Indonesia, the company delivers not just medical equipment to hospitals and laboratories, but also contributes to the training of healthcare practitioners as well as developments in biomedical engineering.

As idsMED Group sits within a healthcare industry that is capital-intensive, the company requires astute management of its entire working capital cycle. Solutions are needed to oversee cash flows across various geographies as well as to overcome mismatched working capital durations, which happen when payables and receivables are not in sync.

This is when UOB steps in, delivering a customised set of financing solutions for idsMED Group as the latter liaises with its customers, vendors, and suppliers. The approach has also helped to address aspects such as account receivables and account payables – in the process reducing the company’s working capital exposure.
By tapping the Bank’s industry expertise and digital capability to assess its cash flows virtually, idsMED Group becomes more efficient at redistributing its capital, contributing to its expansion across the region.

With comprehensive solutions tailored to clients’ needs, UOB’s “One Bank” approach connects businesses to growth opportunities in the region, and beyond.

Source: UOB 

Save to bookmark

What to read next

idsMED Vietnam Wins “The Best Company to Wo...
11 August 2023
idsMED Vietnam Wins “The Best Company to Work for in Asia 2023” Award for Two Consecutive Years
idsMED Vietnam was recognised as one of the "Best Companies to Work for in Asia 2023" at the prestig...
idsMED Indonesia Wins HR Asia “Best Compani...
04 July 2023
idsMED Indonesia Wins HR Asia “Best Companies to Work for in Asia” Award for Seventh Consecutive Year
On 27 June 2023, idsMED Indonesia was once again hailed as one of the "Best Companies to Work for in...
idsMED Group Acquires ISO EN 13485 Manufactur...
29 May 2023
idsMED Group Acquires ISO EN 13485 Manufacturer Scope
idsMED Group takes control of the InnoQ products as the legal manufacturer to ensure the products me...