Nexi and Piteco Bring Supply Chain Digital Payment Solution

Nexi and Piteco Bring Supply Chain Digital Payment Solution
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Nexi the European PayTech offers the fastest, simplest, and safest payment solutions to financial institutions, people, and businesses. Nexi has now collaborated with Piteco, an Italian company that designs, develops, and implements software solutions for Treasury & Finance Management and Financial Planning for allowing giant corporate houses, and SMEs to access a modern-day digital payment service in the supply chain.

Alberto Panariello, Head of Cards Sales & Partnerships, Nexi, stated, “The partnership with Piteco allows us to provide Italian companies with an innovative, reliable and secure tool that offers them tangible advantages in the daily management of their liquidity. This is a significant expansion of the range of services we offer businesses and proof of how digital payments can guarantee large corporations and SMEs efficiency, speed and better business management.”

Nexi was launched with the merger and integration of Nexi, Nets and Sia, some of the biggest European digital payment players, and today serves in over 25 countries. Piteco was established in 1980, since then, Italian, and international corporations in all business streams continue to renew their choice of PITECO applications. 

Paolo Virenti, CEO, Piteco, said, “In a delicate moment like the current one, reducing payment times increasingly becomes a key factor in relations with partners and suppliers. Through this important partnership with Nexi, Piteco is proud to continue contributing to the creation of a true Supply Chain Finance culture. A culture that combines, on the one hand, the need to make processes seamless and more efficient and, on the other, the desire to operate in a manner consistent with the increasingly widespread and rigorous ESG policies that companies design and adopt. The commitment to generating value for all the stakeholders clearly identifies solutions designed to protect and support the supply chain of partners and suppliers as being essential tools. To continue designing and developing these solutions for our clients, while at the same time looking at how they can enable new growth paths for the clients themselves, is in turn what we see as one of Piteco’s main responsibilities.”

Businesses and organizations will find tools to optimize cash flows, minimizing the long-term and responsible implications on liquidity, and as such payment scheduling as well that immensely intricate geopolitical and macroeconomic situations are having on the market in the supply chain. Corporates can find relief as they can alternate credit solutions that will help them do timely payments to suppliers.

 Read: Paystand Unveils NetSuite AR to Process Faster Payments

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