Article05 Jun 2024

Visy: Unlocking free cash flow and enhancing supplier relationships through Citi commercial cards

Visy is a global leader in packaging and resource recovery. Since the firm was established more than 70 years ago, it has expanded across more than 140 sites in Australasia, with trading offices in Asia and Europe and over 7,000 employees.

Visy has structured its Citi card programme to meet its specific working capital needs with six billing cycles each month, therefore offering high predictability of payments and significant working capital advantage, together with good supplier relationships through prompt payment. As a result of implementing the card programme, Visy has unlocked free cashflow and expects to increase its cards spend in future, both by value and the number of spend categories.

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