B2B financial solution company 276 Holdings (CEO Shin In-geun) and AI-based purchasing cost reduction solution startup AIGIMATION (CEO Cho Shin-hyeok) announced on the 16th that they have signed a strategic memorandum of understanding (MOU) to innovate purchasing operations for small and medium-sized enterprises.
This agreement was pursued as part of the two companies' cooperation to improve the efficiency of purchasing processes for small and medium-sized manufacturing companies and strengthen the unit price competitiveness of raw materials. AI Management operates 'PLYN,' an AI-based automated cost reduction solution exclusively for manufacturing purchasing teams, while 276 Holdings provides 'FlowPay,' a B2B financial service that prepays for manufacturing raw materials and supplies and settles payments later.
Through this agreement, the two companies will integrate 276 Holdings' FlowPay service into AIG Management's solutions. By transitioning the existing credit transaction structure to an "instant payment" system, they plan to accelerate the cash flow of both buyers and suppliers and strengthen their bargaining power regarding unit prices. The first target of collaboration is the market for auxiliary materials, such as boxes, flexible packaging, and plastic film, with an estimated annual transaction volume of approximately 20 to 50 billion won.
The introduction of an immediate payment system is expected to reduce purchasing costs. It is explained that by resolving the issue of delayed payments and enabling cash-based unit price negotiations during bulk orders and competitive bidding, purchases can be made 5–8% cheaper than before.
AI Management Solution has increased work productivity by reducing the time required for manual purchasing tasks by approximately 50% through AI-based automation features, and its market competitiveness has been further strengthened by combining it with 276 Holdings' instant payment function.
The service will begin in late March, and companies with actual demand can apply through the AI Management website. Both companies plan to expand the service to various industries and purchased items beyond packaging materials in the future, building a model that simultaneously supports the digital purchasing transition and cash flow improvement for small and medium-sized enterprises.
Meanwhile, with the recent increase in cases combining AI purchasing solutions and financial services for small and medium-sized enterprises, digital transformation strategies that simultaneously reduce costs and improve financial efficiency are gaining attention in the B2B market.
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