Nexi and Piteco offer SMEs access to 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.