THE ITALIAN SEA GROUP S.P.A. SIGNED A NEW REVERSE FACTORING AGREEMENT WITH BANCA IFIS
The Italian Sea Group S.p.A. (“TISG”), global operator in luxury yachting, has finalized a Reverse Factoring agreement with Banca Ifis – a challenger bank specialized in financial products and services for small and medium sized enterprises – to support its supply chain.
The agreement provides TISG’s suppliers with a 20-million-euro plafond, with the aim of optimizing their working capital through easier access to liquidity.
Specifically, the service allows companies in the supply chain to transfer their invoices owed to The Italian Sea Group, directly to Banca Ifis.
The partnership with Banca Ifis thus represents a direct support for TISG’s supply chain, as suppliers can more easily and quickly receive the liquidity they need to invest in their own development, thanks to Reverse Factoring.
“The focus on our suppliers who have always contributed with their excellence to our business, is one of the core values of our Group and especially of the path of sustainability to the territory that we have been steadily promoting for some time now,” says Giovanni Costantino, Founder & CEO of The Italian Sea Group. – This agreement with Ifis is a further step towards an increasingly solid and fluid relationship with the companies of excellence that support us in our growth path.”
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