Large Industrial Groups & Financial Partner

Our Innovative Digital Solutions to facilitate working capital financing

TXT Working Capital Solutions is a Fintech company operating in the Supply Chain Finance segment, in which the company can ensure huge competences and a very high know-how. TXT Working Capital Solutions has the mission of contributing to the evolution of companies’ working capital financing techniques, providing digital solutions based on process engineering and collaboration between companies and financial partners. In this context, TXT Working Capital Solutions offers the innovative service of its collaborative SCF platform, Polaris, designed for the management of support and financing programs for the supply chains of big companies. Within the TXT Group, the company contributes to the development of the offer of Fintech products and solutions.

Polaris, what it is:

Polaris is a digital platform that enables the Buyer to adopt a centralized management of his Supply Chain Finance Programs and to strength the partnership with his Suppliers and his Financial Partners.
Specifically, it allows:

- A longer time-windows for the repayment of commercial debt from the Buyer thanks to new agreements with his Suppliers;
- A real debts’ trade market where Suppliers can freely exchange their credit with the Financial Partners that have joined the platform;
- A wider group of suppliers that can access this kind of solutions thanks to the reengineered processes and integration service offered by Polaris;
- The expansion of the number and type of financial partners that can intervene in support of the supply chain, thanks to the fact that Polaris manages the entire operational process for them.

Benefits for Buyers

Polaris offers several innovative benefits for the Buyers, mainly big size companies with a great credit capacity and that are operating with huge and diversified supply chain:

- Extend the life of your commercial debt, without turning it into a financial debt;
- To offer suppliers the opportunity to finance their trade receivables at the best possible conditions and without continuity constraints;
- Maintain control over the use of your credit capacity in support of suppliers;
- Avoid dependence on the technological solutions of individual financial partners.

Benefits for Suppliers

Polaris offers the following advantages for Suppliers:

- Finance their receivables vs the Buyer without “consuming” his own creditworthiness;
- Avoid solutions that constrain the Supplier to transfer its receivables to a specific bank on an ongoing basis.

Any Supplier of a involved Buyer can be interested into Polaris. However, the management of supplier with a trade volume lower than 50.000€ in a year can be more expensive respect to other available solutions such as the credit card.

Benefits for Financial Partners

Polaris offers several advantages to different Funders, both traditional Financial Partners as Banks specialized in trade finance & Factors and non-traditional Financial Partners as non-specilised Banks, Investment Funds and Family Office:

- Finance the supply chain assuming only the Buyer risk, with higher average returns;
- Operate on the trade finance market even without specific skills and products;
- Operate on client clusters that are difficult or impossible to reach individually;
- Take advantage of a secondary market space in which the commercial credits purchased from the buyers can be easily exchanged.

SAP integration:

The integration with the accounting systems of the Buyer is a fundamental aspect for the operation of the marketplace platform. With this in mind, Polaris has developed a software module to manage integration between SAP systems, based on the Idoc communication protocol and the use of the SAP instance of the TXT Group as a "bridge" between TXT SAP and the SAP of the Buyer. This allows to automate all massive interaction processes, reducing manual tasks.

The integration module allows to define at parametric level the relevant entities for communication with the marketplace and creates a dashboard to pilot the extraction of suppliers and invoices.

Moreover, the integration module manages a series of two-way communication flows. The marketplace flows where Buyers directly give the input to start the internal SAP processes (payment processes or accrued interest accruals accounting processes).

Throughout the night the North Star dominates the sky while the other visible stars move around her.
It is the star that guides travelers, explorers, who goes beyond known borders to find new roads, to become a better version of itself.

And this is what we want to be: the reference point, the optimal choice for those are looking for the perfect partner in the turbulent world of Working Capital.