JasonL office furniture – proudly powered by Octet

Since 2009, JasonL has been “your furniture mate”, delivering full-service office furniture fit outs and growing to become an industry leader. Australian owned and operated, JasonL has long been an Octet partner, helping them to continually achieve their business goals and keep looking forward. We met with co-founder, owner and CFO, Marc Levin to hear about how Octet has played a role in their success.

Marc and his brother Jason started their business together nine years ago importing and distributing their own office furniture for small and medium-sized businesses.

When they partnered with Octet in 2011, JasonL was still a relatively young business. They sought a finance solution from Octet for a number of reasons – first and foremost it was for working capital.

An unsecured trade finance facility provided their business with the growth capital that allowed them to increase buying power and step up their game.

In 2011, Octet partnered with JasonL to offer the business an unsecured Trade Finance facility. This solution meant that JasonL’s directors wouldn’t need to tie assets to their facility. It has helped support the business’ 30% growth rate year on year, with flexibility that allows their funding to grow along with them.

The Trade Finance arrangement with Octet ensures JasonL’s suppliers are paid promptly, which in turn unlocks early settlement discounts and enables early shipment of goods. The faster arrival goods upon order means JasonL can start an office fit out within a shorter turnaround time. Meanwhile, the business can make the most of 120 days’ credit to place more and larger orders, chase new deals and fund growth. This creates a win-win situation where the needs and expectations of all parties are exceeded.

Whilst initially Octet’s financial backing was the key driver behind the partnership, over time the relationship has deepened to include support of their entire supply chain.

Using Octet’s digital wallet to manage international payments makes the process much more efficient, transparent and secure. Transactions are able to take place far quicker through the platform and, when combined with Octet’s customer support, the directors report an improvement to their timeline of four weeks as a minimum. All this has fostered closer relationships between the business and their suppliers, as well as improved customer relations with faster turnarounds enabled for JasonL services.

Additional benefits of partnering with Octet include highly competitive foreign exchange rates, the ability to pay with credit cards to earn valuable points and access to Qantas Business Rewards opportunities through transactions made using the digital platform.

All in all, the partnership continues to be of greater and greater value to JasonL over time, allowing them to maintain their impressive growth trajectory and strengthen their business relationships.