(Alliance News) - Sanlorenzo Spa announced Wednesday that it has chosen FinDynamic to provide its suppliers with a platform aimed at supporting the supply chain through Supply Chain Finance.

Thanks to the solution proposed by FinDynamic, the company explained in a note, "the ethical principles of sustainability, already a fundamental point in Sanlorenzo's strategy and activity, are further extended to the entire supply chain. tools such as confirming and dynamic discounting allow Sanlorenzo to financially support its suppliers, consolidating relations with the supply chain and guaranteeing its stability."

To the confirming, which Sanlorenzo has been offering since 2020, currently with three leading banks, is now being added dynamic discounting, thanks to which suppliers can obtain early payment of invoices on favorable terms and Sanlorenzo has the opportunity to invest its liquidity efficiently, all through the use of an innovative digital platform.

Attilio Bruzzese, Group Chief Financial Officer of Sanlorenzo, commented, "Our supply chain, which includes thousands of artisan companies of absolute excellence, is a key element of our business model. We have always, and even more so at this delicate time, felt a strong responsibility to provide concrete support to enable our suppliers to continue to grow together with Sanlorenzo. The decision to adopt FinDynamic's solution fits perfectly with Sanlorenzo's strategy, which sees sustainability? & technology and supply chain as key drivers of development."

"We are proud to have welcomed a company of international stature like Sanlorenzo into the world of FinDynamic. Our goal has always been to make Supply Chain Finance tools a valuable support for the growth of companies through supply chain support. ? states FinDynamic co-founder and CEO Enrico Vigano? ? Thanks to our platform, Sanlorenzo will have at its disposal a digitally advanced and constantly evolving offering that is unique in the Italian Supply Chain Finance landscape.

Sanlorenzo, Wednesday, trades in the green by 0.7 percent at EUR38.85 per share.

By Chiara Bruschi, Alliance News reporter

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