Nexi and Piteco offer SMEs access to digital payment solution

Monday 23 May 2022 13:48 CET | News

Italy-based fintech Nexi has partnered with software house Piteco to enable large corporations and SMEs to access a digital payment solution.

The service provides firms with an additional line of credit, along with controlled, automated, and secure management of authorisation flows, in order to support a rapid inflow of liquidity into the supply chain.

Thanks to the integration between Piteco’s software and Nexi’s virtual credit cards, the supply chain finance solution offers firms with tools capable of optimising cash flows, reducing in a sustainable way impacts in terms of liquidity, and therefore the scheduling of payments.

Furthermore, businesses may now rely on an additional line of credit by arranging for timely payments to suppliers based on deferred debit. The service provides considerable efficiency gains in the management of authorisation processes, which are completely automated.

The entire process contributes to reducing the financial stress to which companies in the supply chain may be exposed, particularly those at the tail end. As of September 2021, companies in Italy that paid their suppliers with a delay exceeding 30 days represented 11.8% of the total, meanwhile, 38% of firms had paid on time.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: supply chain finance, digital payments, authorisation rate, partnership
Categories: Payments & Commerce
Companies: Nexi , Piteco
Countries: Italy
This article is part of category

Payments & Commerce




Discover all the Company news on Nexi and other articles related to Nexi in The Paypers News, Reports, and insights on the payments and fintech industry: