Supply Chain Finance solutions and services enable companies to finance their working capital and have a significant impact on treasury. The Treasury Management System therefore plays an essential role in supporting the Supply Chain Finance solutions adopted by the company.
Letters of Credit
The features of Piteco’s Letter of Credit module allow you to monitor the effects that LC management has on treasury in a timely manner: for example, the impact on the absorption of credit facilities by credit institutions for import letters of credit, or the calculation of commissions and the generation of payment collection forecasts.
Supply Chain Finance solutions
Piteco monitors the operational workflow and manages the financial repercussions that also impact the activities of the Supply Chain Finance through features dedicated to Factoring, Reverse Factoring, Advance Against Order & Factoring, Dynamic Discounting and virtual credit cards solutions.
Factoring
The use of factoring has become increasingly important for Italian companies, both to meet their financial needs for alternative financing to the banking channel and to satisfy their operational and service requirements, to guarantee reliable credit and create value for the administrative and commercial sector.
The aim of Piteco’s Factoring module is to help companies organise themselves by providing an operational and control tool that allows them to computerise and automate the accounting, financial and management activities associated with the process of selling to factors.
The module has features and dedicated procedures to facilitate the communication of all related information between the treasury, accounting and control systems.
AirPlus International is a multinational company specialising in providing innovative solutions for payment, reporting and analysis of business expenses, with 48,000 customers worldwide.
Our partnership with AirPlus International has resulted in the creation of a payment platform with virtual credit cards that is fully integrated with Piteco Evo5 and treasury processes. Virtual credit cards are an alternative digital tool for transactions between customers and suppliers, classified by the Politecnico di Milano as one of the most innovative solutions in Supply Chain Finance. The advantages for corporations of the integrated Piteco and Virtual Cards Procurement suite from AirPlus are:
- Cash flow optimisation
- Security, traceability and control
- Increase in corporate DPO
FinDynamic is the leading Fintech company in the Supply Chain Finance sector. With its Dynamic Discounting and Confirming solutions, it enables companies to generate economic value through the efficient use of their liquidity.
FinDynamic is the leader in Italy for Dynamic Discounting solutions, with more than 120 active supply chain leaders and over 15,000 suppliers involved. Its solutions are highly integrated with the management system, the supply chain leader’s treasury software and the portfolio management systems of banking institutions.
Nexi is the Italian leader in the digital payment solutions market. Together with its partner banks, it provides a wide range of payment services to consumers, merchants, businesses and public institutions. The Nexi Group was formed from the merger of Nexi, Nets and Sia, three of the major European players in the payments market, and is present in more than 25 countries. Its solutions are characterised by simplicity and innovation and guarantee an intuitive, fast and secure payment experience.
“A tool totally governed by the Treasury team, innovative and secure thanks to the authorization workflows and the excellent integration of the platform”.
Andrea Pennica, Head of Corporate Finance Liu Jo.