UniCredit Factoring, the company of UniCredit Group specialized in the offer of factoring products and services, concluded a agreement Cisalfa Sport Group to support businesses inside the its distribution chain of sporting goods.
The operation involves the allocation of a ceiling of 15 million euro for the benefit of selected Group suppliers with the ultimate goal of generating a virtuous circle of liquidity.
The Cisalfa Sport Group, which controls Cisalfa Sport SpA. and IIntersport Italia SpA, is a retailer with over 150 points of sale throughout the country. The Group has over 3.500 employees.
The details of the agreement
The operation involves finance working capital of supplier companies through theadvance of commercial credits claimed against the Cisalfa Sport Group.
They are three tools made available: the reverse factoring and the single platform that integrates the Confirming Dynamic discounting, solution provided by FinDynamic, Company Fintech owned by UniCredit.
Il reverse factoring it allows the buyer to streamline and rationalize the management of its purchasing cycle and its large suppliers to improve the management of working capital.
Il Confirming, through the digital platform, allows the lead company to upload the invoices of its suppliers and pay them on the set deadlines, giving the suppliers the possibility of viewing the recognized invoices in real time and possibly transferring them to UniCredit Factoring by requesting advance payment.
Il Dynamic discounting, offers medium and small suppliers the advance payment of invoices in exchange for a discount, which varies dynamically in relation to the number of days in advance requested.
La platform, of FinDynamic guarantees the'use of all of these financial instruments streamlining and speeding up activities in support of the Cisalfa Sport Group supply chain.
Cisalfa thus makes use of a innovative and totally dematerialized digital process, which redefines its entire supply chain and creates a virtuous circle with a view to profitable and lasting business development for all parties involved.
“This deal expands and strengthens the partnership between UniCredit and the Cisalfa Sport Group. The use of technological and digital Supply Chain Finance solutions makes it possible to free up capital and resources for companies, stabilizing the supply and payment cycles, and represents a tangible sign of the attention of UniCredit and Cisalfa for all the companies belonging to the supply chain " he has declared Simon Del GuerraCEO UniCredit Factoring.
