Banco BPM
Banco BPM, Italy’s third-largest banking group, is a solid institution with over 20,000 employees, 1,500 branches, 4 million customers and a strong presence in Northern Italy. Its strength lies in an extensive network serving households and businesses, in-depth market knowledge and innovative solutions. The Banco BPM Group operates in the tradition of cooperative banks, generating profitability and sustainable development for all stakeholders across the various regions in which it operates. Banco BPM integrates Exprivia’s proprietary platform into its IT system, making the sale of receivables simpler, faster and more secure for businesses. Italy’s third-largest banking group relies on Exprivia’s twenty years of expertise as a partner in this business area.
Needs
Banco BPM, as part of a digital transformation and reorganization program of the Supply Chain Finance area, chooses Exprivia’s technological solution to strengthen its position in the Factoring market.
Exprivia Solution
Exprivia’s solution brings together the skills gained from over twenty years of specialisation in the field of Factoring (a form of short-term financing to support working capital that enhances supply chain relationships, containing risk for the bank and facilitating access to credit for SMEs) and declines them into a mix of functional components that support the entire life cycle of the service.
Particular attention is given to operational and credit risk monitoring, the efficiency of accounting activities and the management of the relationship with sellers and debtors, who have the opportunity to interact with the bank in a completely digital way.
Results
Exprivia’s Home Factoring portal hosts interactions with assignors and debtors already accredited, while at the same time providing the tools for launching promotional campaigns to clusters of potential new customers. Through the platform, in a few clicks, it is possible to manage the submission of requests, contracts and the progress of operations, reducing costs and time.
The collaboration between Banco BPM and Exprivia includes an initial phase of integration of the solution with the bank’s IT systems and a three-year agreement for the subsequent running phase.
