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Online Supplier Finance

Supplier finance is a financing system that allows the suppliers to collect their receivables before maturity related with the goods and service sales they made, available both with buyer credit and seller credit.

Supplier Finance System is beneficial for both supplier and buyer by providing cash and making credit allocation possible at the same time.

Supplier Finance-Buyer Credit:

Advantages for the suppliers;

Provides the opportunity to be financed:

Without providing additional collateral or going through allocation processes,
In a short time with simple transactions over the internet branch without visiting the Bank Branch,
Without using credit before the invoice maturity
With competitive price

Advantages for the main companies:

Provides the opportunities:

Easy-track of debts from the system,
Automatisation of deferred payments,
Financing possibilities for the suppliers

Supplier Finance-Seller Credit:

Advantages for the suppliers;

Provides the opportunity to be financed:

In a short time with simple transactions over the internet branch without visiting the Bank Branch,
before the due date of the invoice

Advantages for the main companies:

Provides the opportunities:

Easy-track of debts from the system,
Automatisation of deferred payments,
Financing possibilities for the suppliers
Since the credit risk is on the supplier companies, no additional credit risk is reflected on balance sheets

The steps of the Supplier Financing Application;

A " Financing Program with Factoring" is signed with the parent company and a "Factoring Agreement" is signed with the supplier in order to ensure that the deferred receivables of the supplier companies that provide goods and services to the parent company are assigned by our Bank.
A "Buyer" record is created in the Commercial Internet Branch by our Bank. It is recorded in the system with the Recipient, Recipient Code, Title, IBAN, E-mail, Telephone, Address information.
Parametric definitions can be made on the basis of the receiver. For example: "How many days before due date discount is not possible?", "Due date of the invoice cannot be shorter than how many days?" "Is Partial Discount Available?"
Buyers and Suppliers enter the application through the Commercial Internet Branch or İşcep.
A Supplier can be a supplying of more than one Buyer. A Buyer can also be defined in the system as a Supplier.
The buyer uploads the information of the suppliers it wants to include in the system on the platform in the specified format.
The buyer uploads the invoice information it wants to be discounted and / or paid automatically on the invoice date to the platform in the specified format. After the invoice upload process, the information that the invoices have been uploaded to the system is sent to the relevant suppliers via e-mail.
The uploaded invoices can be viewed with their status. If the relevant invoices are e-invoices and e-archive invoices, the Buyer must upload the hash values of the invoice to the system together with the invoice information.
The supplier creates a discount request by logging into the application and selecting the invoices / invoices they want to discount.

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