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UniCredit provides faster payments to its suppliers

Monday 20 April 2020 11:00 CET | News

UniCredit has announced it will support its suppliers in Italy by accelerating how quickly they get paid, reports Electronic Payments International.
The bank will execute ‘at sight’ payments of invoices, speeding up the payment cycle. The aim is ensure payments are made faster than the standard contractual terms of 60 days.

According to UniCredit, the acceleration of payments will further support businesses in their working capital management.

Furthermore, UniCredit will immediately execute the bank transfers to its suppliers, after having received the electronic invoice from the tax authority platform SDI and having complied with all standard controls.

 


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Keywords: UniCredit, payments, suppliers, invoice, working capital
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: Italy
This article is part of category

Banking & Fintech






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