Ondas Networks

Connecting Cash Flow to Operational Precision

Ondas Networks develops next-generation wireless communications systems and Industrial Internet of Things (IIoT) solutions for mission-critical infrastructure. Serving utilities, transportation networks, and industrial automation customers, Ondas operates in an environment where production cycles, delivery milestones, and contract structures vary widely — with corresponding impacts on working capital timing.

While demand for Ondas’ solutions continued to grow, the company faced challenges familiar to capital-intensive technology providers: large upfront production and testing costs combined with extended payment terms from enterprise and government partners. This dynamic made it difficult to plan and fund concurrent programs without tying up significant internal capital.

The Challenge: Balancing Scale with Cash Flow Visibility

As Ondas expanded its technology roadmap and production footprint, forecasting and managing cash flow became increasingly complex. Each new project involved multiple suppliers, milestone-linked progress events, and staggered payments — often creating a mismatch between internal spend and inbound payments.

Despite strong revenue projections, Ondas required a clear, forward-looking view of its cash position in order to:

• Plan supplier payments and inventory in advance
• Understand timing of key cash inflows tied to milestones
• Assess where working capital constraints could slow execution

Traditional reconciliation methods and spreadsheet-based forecasting were no longer sufficient to support rapid decision-making around capital allocation.

The Solution: Capital Intelligence with Klear

Ondas adopted Klear to unify operational and financial data into a single, actionable view. By connecting purchase orders, invoices, and delivery milestones within the Klear platform, leaders could see how cash moved through each project and when capital would be available to fund the next step.

With this unified view of cash flow, Ondas was able to:

• Forecast working capital needs with greater precision
• Monitor where capital was committed versus when it would return
• Selectively unlock working capital by selling eligible invoices through the platform

Rather than relying on offline tools or ad-hoc funding, Ondas used Klear to bridge the gap between execution and cash availability — enabling teams to focus on delivery rather than capital uncertainty.

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The Impact: Shortened Cash Conversion and Stronger Execution

By integrating Klear into its financial and operational workflows, Ondas reduced the time between project completion and access to capital — tightening its cash conversion cycle and increasing confidence in planning.

This improvement translated into:

• Faster supplier payments
• More predictable production planning
• Less reliance on internal reserves to fund concurrent programs

With enhanced visibility and capital access, Ondas strengthened its ability to execute on expanding customer demand while maintaining operational control.

Why It Matters

For technology companies building complex wireless infrastructure and industrial systems, cash flow is both a planning tool and a gating constraint. Klear empowered Ondas to break the historical link between contract timing and available capital — turning visibility into a competitive asset.

By reducing uncertainty and aligning capital with execution, Ondas advanced its growth trajectory without adding unnecessary financial complexity.

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