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Venchi turns to UniCredit to support its suppliers

The company adopts an innovative dynamic discounting solution, created by the fintech company FinDynamic

and distributed by the bank

 

The tool optimises working capital and supports the supply chain, alleviating possible financial trouble from cash flow problems

 

 

Venchi, the historic manufacturer of chocolate and ice cream of the highest quality, a symbol of Italian excellence in 70 countries around the world, has activated these days thanks to the partnership with UniCredit an innovative dynamic discounting solution developed by the fintech FinDynamic.

 

Venchi has stood out for years for its technological innovation and has found in UniCredit a strategic partner for its products.

 

The dynamic discounting tool lets companies that are UniCredit customers optimise their working capital and effectively support their own supply chains, both in Italy and abroad, thereby alleviating possible financial tensions from cash flow problems.

 

Supply chain programmes are extremely important in a production system like Italy's, defined by a large presence of small and medium enterprises, even more so in a key sector like food and agriculture.

 

Businesses are always searching for ways to manage their working capital more effectively. Dynamic discounting lets them offer their suppliers advance payment of invoices, using their own liquidity, at a discount that varies dynamically depending on the number of days the payment is made before the date on the invoice.

 

The solution created by FinDynamic, offered by UniCredit and now adopted by Venchi, 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: "Through our collaboration with FinDynamic, we have made dynamic discounting one of the solutions we offer our clients to manage their supply chains. In the difficult, uncertain climate we find ourselves in, strengthening links with suppliers translates into a big competitive advantage, above all for a company like Venchi, which has always paid great attention to the quality of its products. Furthermore, for suppliers, being able to bring forward payment in exchange for a small discount guarantees them a good level of liquidity."

 

Daniele Ferrero, CEO of Venchi, comments: "At this moment more than ever it is necessary to support small businesses. This innovative tool developed in collaboration with FinDynamic and UniCredit allows us to be close to our suppliers, facilitating and making the payment system less burdensome for them".

 

 

Enrico Viganò, CEO and founder of FinDynamic, adds: "We want to be a real ally for SMEs, with a service that can transform the relationship between clients and suppliers into a proper partnership, with a view to incentivising sustainable development. This is where the platform we have developed fits in. It offers a reliable, transparent and flexible tool that meets the different needs of a supply chain in constant evolution."

 

 

Milan, 19 March 2020

 

 

Enquiries:

 

UniCredit

Tel. +39 02 88623569;

e-mail: MediaRelations@unicredit.eu