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EDI
Supply Chain Financing
Comarch EDI Financing in Bank Pekao
(UniCredit Group)
Bank Pekao
Bank Pekao has been operating successfully for more than 80 years and is one of the largest financial institutions in Central and Eastern
Europe. In terms of assets, it is the second largest bank in Poland, while in terms of capital strength it is a leader among large banks operating
in Poland (according to stress tests conducted by the Polish Financial Supervision Authority). Bank Pekao is a part of UniCredit Group which
operates in 22 European countries, with more than 150 000 employees and over 9 200 branches. Its strategic position in Western and Eastern
Europe gives the Group one of the region’s highest market shares.
Business Challenges
Bank Pekao has been offering receivables financing services for many years now. Prior to solution implementation, Pekaos
clients were obliged to provide individually prepared requests for financing sent via its Internet banking platform as well as
copies of invoices and other documents via a variety of channels: e-mail, fax, courier or even in person, if needed according
to the agreement with the Bank.
Thus, Bank Pekao decided on undertaking a pioneering initiative in the trade finance market. It decided to integrate its Internet
banking systems for corporate and SME clients PekaoBIZNES24/PekaoFirma24 with the Comarch EDI platform which processes ca.
240 million documents annually for 30 000 users from 30 countries, including messages such as: orders, dispatch notifications,
reception documentation, transportation messages, remittance documentation and invoices.
In order to combine these two applications, Comarch, with the full cooperation of Bank Pekao created a completely new
platform, Comarch EDI Financing.
EDI
The Solution
Comarch EDI Financing can be utilized by those who use the financial services of Bank Pekao, eFinancing or Advance Loan:
•
Financing is a package of trade receivables financing programs based on their assignment to Bank Pekao, under which the Bank can
discount and/or finance commercial invoices prior to their maturity date payable to the supplier with an option of an extended financing
period after the due date for the recipients. The financing structure is always individually adjusted to the client’s needs and the product is
dedicated both for suppliers and recipients
•
Advance Loan is a revolving credit line facilitating the advance financing of issued invoices with deferred payments without the
assignment of the receivable to the Bank. It provides an immediate release of frozen funds with an extra 10 days for possible delays of
payment from debtors. The repayment of the loan is settled from the recipients’ inflows on the borrower’s current account dedicated both
for suppliers and recipients
EDI
Financing enables:
Invoice
conversion:
Invoice data
validation:
Platform for
Pekao’s clients :
Comarch EDI integrated
with Comarch EDI
Financing guarantees data
Only chosen data from the
invoices is provided to the
banking system in the
validation in accordance
with defined criteria (e.g.
partner name, due date,
appropriate format
Web application with a
user- friendly interface
enabling fast and easy
searching for invoices
which will be financed.
Bank clients can choose
Invoice financing
status:
Bank clients receive
current information
regarding invoice
payment or rejection on
the basis of data received
from the Bank’s systems
which invoices and when
they want to finance them
total gross amount)
assuring that Bank clients
can preview which
invoices can be financed
Various
user roles:
Administrator on the
Bank’s client side can
define various users with
appropriate access rights
Archive:
Integration with
the Bank’s system:
Clients have access to
Dedicated WebService
historical invoices for
which the financing
process was completed or
for which the due date has
guarantees secure file
transmission from/to the
banking system
passed
After choosing an invoice in Comarch EDI Financing, users can conveniently and quickly initiate financing from the Bank. They are then
automatically redirected to the PekaoBIZNES24/ PekaoFirma24 system where the transaction is completed. After successful signing and
sending of the request, the Bank pays the due amount to the supplier of the goods or services and sends the current status of invoices to
Comarch EDI Financing, so that clients can always have up-to-date knowledge concerning their receivables and financing program.
Benefits:
Bank clients
Immediate access to financing
Improvement of financial ratios (DSO/DPO)
Improved cash flow – rapid payment from the Bank
to suppliers’ accounts
Bank
Extending the offer to include a new communication
channel/value added to the financing services
Source of new clients
Possibility to sell other Bank products to the
Comarch EDI client community
Full traceability of the status of invoices, from the
moment the invoice is issued until the end of financing
Comarch’s vast experience in implementing
solutions for the financial sector
No need to generate additional files
with orders to the Bank
Process automation and reduction of workload
Why Comarch?
For several years we have been helping our clients from
various industries to optimize the processes throughout the
supply chain (from the exchange of data, through execution
of orders, to invoicing and payment). Among the users of
Comarch EDI are small and medium-sized enterprises as
well as global corporations from 30 countries (including
the Metro Group, Leroy Merlin, Unilever, BIC). For more
information or to contact us, visit www.comarchedi.com.
Comarch SA
Al. Jana Pawła II 39 a
31-864 Kraków
Poland
phone: +48 12 64 61 000
fax: +48 12 64 61 100
e-mail: [email protected]
“Bearing in mind the convenience of clients, we continue to
develop our range of offers for automating and streamlining
business processes throughout the supply chain. We have
seen a growing interest in enterprise applications enabling
the electronic exchange of documents between business
partners. Comarch EDI is the most popular platform of this
type in Poland. That’s why, with Comarch SA, we decided to
implement a solution that makes it easy to send invoices
to Bank Pekao clients and accelerate the disbursement of
funds for financing. We hope that this pioneering initiative
will encourage new clients to use the services of debt
financing from Bank Pekao.”
- Sylwester Stasiak, Trade Finance Area Managing Director
in the Transaction Banking Department, Bank Pekao SA:
www.comarchedi.com
Comarch Spółka Akcyjna with its registered seat in Kraków at Aleja Jana Pawła II 39A, entered in the National Court Register kept by the District Court for KrakówŚródmieście in Kraków, the 11th Commercial Division of the National Court Register under no. KRS 000057567. The share capital amounts to 8.051.637,00 zł.
The share capital was fully paid. NIP 677-00-65-406
Copyright © Comarch 2014. All Rights Reserved.
EN-2014.01

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