Vestel Launches a New Era in Supply Chain Financing with Faturalab
Vestel collaborates with Faturalab to offer better financing to its suppliers and improve supply chain management.
Vestel, one of Turkey’s leading technology manufacturers, aims to reach more suppliers and expand its program by moving its financing program for suppliers to the Faturalab platform. With this step, Vestel strengthens its pioneering position in the sector and offers better financing opportunities to its suppliers.
Vestel Steps into a New Era in Supply Chain Financing with Faturalab
The aim of the project is to make it easier for suppliers to utilize the loans they can obtain from different banks. This program helps suppliers better manage their cash flows by automating invoicing processes through Vestel’s own systems.
In addition, the SAP plug-in application offered by Faturalab is combined with Vestel’s risk monitoring system to increase the security of transactions. With the project, Vestel suppliers will have easy access to innovative financial solutions such as dynamic discounting and vertical trade financing, and will be able to manage their working capital more effectively.
Vestel CFO Bülent Kiracıoğlu said, “As Vestel, we are very pleased to announce our cooperation with Faturalab, which offers innovative solutions in the field of supply chain finance. This strategic step demonstrates our determination to provide better service to our suppliers and make our business processes even more efficient.”
Emre Aydın, CEO of Faturalab, said: “We are honored to cooperate with one of the leading companies in the industry such as Vestel. We aim to add value to Vestel’s supply chain financing processes with our technology and innovative financial solutions.”
This collaboration demonstrates that both companies share the values of innovation, customer focus and continuous improvement and are ready to set new standards in supply chain finance in Turkey.
