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Arçelik

Winner: Best Use of Payables Finance 
Highly Commended: Best Integrated Working Capital Project
Highly Commended: Best Use of Technology for a Working Capital Project
Highly Commended: Best Working Capital Funding Solution

Key Facts:

  • Arçelik made more than $85 million in early payments to suppliers within first six months
  • Programme supported by the European Bank for Reconstruction and Development (EBRD)
  • Platform expanded in first year to include bank-funded supply chain finance


What the judges said:

Demonstrates best practice and innovation in context of Turkish market”

“It combines key aspects of an SCF programme in a country where volatility and macroeconomic uncertainty are high. The involvement and interest of the EBRD to support the costs and provide
training to SMEs shows how strong the project’s case was.”

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