Supplier Spotlight: Track4Services

25th February, 2019


"This means I can run my business effectively, efficiently, and our business has always been profitable."

– Derek Greene, CEO, Track4Services

Supply Chain Finance from Greensill not only unlocked capital for UK-based Internet of Things technology provider Track4Services — it also unlocked valuable time that allows the company to innovate.

Prior to working with Greensill, T4S Chief Executive Derek Greene estimates that for two days a week, he spent a massive 40 per cent of his day simply chasing down money from larger companies. Greene and T4S would regularly be forced to wait 60 or even 90 days just to get paid.

“That really impacted the cashflow, and would strangle any chance of growth,” Greene said.

But with access to capital from Greensill, T4S now gets paid straight away. Greene called this improvement, which Greensill offers with platform provider Taulia, “unprecedented.”

“We’ve absolutely embraced it,” he said. “This means I can run my business effectively, efficiently, and our business has always been profitable.”

Track4Services specializes in Internet of Things devices, providing hardware-based Wi-Fi mobile solutions in the form of hotspots, digital signage and more.

Its products include the Vodafone Remote Hub, which enables buses, taxis and other vehicles to deliver high-speed cellular connectivity to customers over Wi-Fi. T4S Smart Hubs can be tailored to suit the individual requirements of clients, including hosting of local content, GPS location and tracking services, and video and data capture.

The UK-based company also has manufacturing, design and testing facilities located in Finland.

Though T4S is a relatively small operation, working with Greensill has opened the company up to a whole world of financing that traditional banks could not provide as quickly or affordably. And now that Greene isn’t worried about his company’s cashflow, Track4Services can focus on what they’re best at: innovation.

“If you’re a small company,” he said, “it gives you confidence to deal with the large boys who use this system.”


< Back to Insights

Visionary, Bold, Disruptive

Each month, Greensill’s team of experts contribute to the latest insights and analysis, setting the agenda and leading the discussion on unlocking capital so you can put it to work.

Whitepaper

27th July, 2020

Doctors Go Digital

A new digital partnership has developed solutions that enable the NHS to cover staff shortages more efficiently, provide on-demand pay for doctors working additional locum shifts and can potentially reduce the NHS annual agency bill for temporary staff.

Whitepaper

16th June, 2020

Fair Finance in Latin America

Greensill is rapidly scaling up to offer Latin American businesses a much-needed lifeline and fairer access to finance. Learn how a new Greensill partnership aims to unlock $750 billion of working capital across Latin America.

Whitepaper

22nd April, 2020

Drive to Survive: Funding the Automotive Future

Covid-19 and regulatory pressure present incredible challenges for the automotive industry, but investments in the future of transportation offer a path forward. Learn how Greensill is helping to fund the automotive future.

Whitepaper

6th March, 2020

Spotlight on Suppliers

Greensill founder and CEO Lex Greensill understands the difference a steady stream of reliable working capital can make to a small business. Hear from the businesses and people who rely on Greensill to make finance fairer for all.

Sign up to monthly insights in our Newsletter

Subscribe to the Greensill monthly newsletter to discover the latest in news, views and insights in the world of balance sheet optimisation, working capital and supply chain finance. Join the discussion today.