Nandina REM: Giving second life to retired aircraft with circular manufacturing
Combining materials science and advanced technologies, Singapore startup Nandina REM is the first company worldwide to produce aviation-grade circular carbon fibre from reclaimed end-of-life aircraft, making Singapore one of the few countries in the world able to do so. Their work addresses supply chain volatility in industries like aviation or automotives, ensuring businesses have reliable access to critical materials when and where needed.
The Challenge
Combining materials science and advanced technologies, Singapore startup Nandina REM is the first company worldwide to produce aviation-grade circular carbon fibre from reclaimed end-of-life aircraft, making Singapore one of the few countries in the world able to do so. Their work addresses supply chain volatility in industries like aviation or automotives, ensuring businesses have reliable access to critical materials. From the start, Nandina REM recognised that they couldn't run the business effectively by relying solely on manual accounting processes. For an early stage startup that is growing rapidly, cost effectiveness and financial transparency are both extremely important for survival, something that the company recognised from Day 1.
The Solution
Xero served Nandina REM’s financial backbone since its establishment. With Xero, Nandina REM was able to gain financial clarity and control over their multi currency transactions, achieve better oversight and functionality over their accounting than actual banking portals, and have real-time financial data on demand to make better decisions. This collectively enabled Nandina REM to bring bookkeeping in house - a game changer for an early stage company and the industries they serve.
Combining materials science and advanced technologies, Singapore startup Nandina REM is the first company worldwide to produce aviation-grade circular carbon fibre from reclaimed end-of-life aircraft, making Singapore one of the few countries in the world able to do so. Their work addresses supply chain volatility in industries like aviation or automotives, ensuring businesses have reliable access to critical materials when and where needed.
Company
Nandina REM
Industry
Advanced materials manufacturing
Services Used
- Invoicing
- Reconciliation
- Reporting
