TEB Supplier Financing System
What is Supplier Financing System?
Supplier Financing Sytem enables suppliers who provide goods and services to corporate and large-scale commercial customers on a regular basis to generate the cash and liquidity they need by discounting the receivables arising out of the sales they made to these customers
What are the advantages provided to the buyers?
- Flexibility on the payment terms,
- Efficient purchasing management and long-term, seamless procurement facility,
- Follow-up and reporting facility through the system,
- Financing advantages to the suppliers for the purchasing process.
What are the advantages provided to the suppliers?
- structured and practical crediting facility,
- cash-flow acceleration,
- Follow-up and reporting facility through the system
- Early collection in the purchasing process by the discounting method.
Awards Granted to Supplier Financing System
- It has been awarded as “Highly Commended“in “Best Cash Management Achievement 2009” category by Banking Technology Awards.
- It has been honored the first prize in "2008 Most Innovative Banking Solution Award" by EPCA Awards.