An innovative dynamic discounting solution created by FinDynamic helps companies optimise their working capital
The company has thus completed the range of tools for its own supply chain, thanks to its partnership with UniCredit
This leading Italian producer of leather goods and accessories began its collaboration with UniCredit in 2018, when it adopted U-Factor, a confirming solution for strategic suppliers. Now it has completed the range of tools for its own supply chain with an innovative dynamic discounting solution, created by the fintech company FinDynamic, of which UniCredit is a shareholder.
Supply chain programmes are of particular importance in a national production system like Italy's, in which small and medium enterprises are prevalent. They have evolved over time, adding new considerations to their original aim of providing support to the main suppliers. These range from social responsibility to improving company processes, from strengthening commercial relationships between buyers and suppliers to optimising working capital, all the way to making treasury management more efficient.
Businesses are in search of efficient and personalised solutions for managing working capital. This dynamic system allows customers to pay invoices to their suppliers earlier, relying on their own liquidity, with a discount that varies depending on the number of days bills are paid in advance of the date given on the invoice.
The solution created by FinDynamic, offered by UniCredit and now adopted by Furla allows businesses to view their invoices automatically on an internet and mobile platform, and easily select those they want to pay in advance.
Pietro Campagna, Co-Head of GTB Italy at UniCredit, says: "UniCredit is deeply committed to researching innovative, efficient solutions for its customers, including through big investments in digital technologies. Dynamic discounting allows companies to complete their ranges of tools for their suppliers' entire supply chains. It can be fully integrated with the other financial supply chain products that we offer to companies. Furla has always had a keen eye on its relationships with its suppliers, and its choice confirms that this is the right way to meet businesses' needs and help increase competition."
Devis Bassetto, Chief Corporate Officer of Furla, adds: "Furla has always felt it crucial to strengthen its links with all points on the production chain, using a range of helpful tools to optimise its working capital and free up resources for investments. Thanks to the Dynamic Discounting solution, it has managed to complete that range, which began with the confirming solution U-Factor.
Milan, 21 February 2020
UniCredit: Media Relations tel. +39 02 88623569; e-mail: MediaRelations@unicredit.eu