Skonto an jedem Tag möglich zu günstigen Konditionen. 1%0,5%1,5%2% 14 Tage60 Tage

16.05.2022

TRAXPAY TV: LANDGARD STARTS DIGITAL GUARANTEES

Traxpay TV: Langard starts digital Guarantees

FROM SUPPLIER TO SUPPLIER: THE CUSTOMER JOURNEY OF LANDGARD EG

Together with NORD/LB and Traxpay, Landgard has developed the “Digital Guarantees” tool, which now enables suppliers to individually insure their delivery period. For TraxpayTV, Traxpay CEO Markus Rupprecht visits the growers’ cooperative and talks about current challenges in treasury and how Landgard’s suppliers can benefit from the new SCF product Digital Guarantees.

The Landgard growers’ cooperative uses its own fresh produce logistics to supply large organized retail customers – from DIY chains to food retailers. In doing so, the cooperative ensures sales security for producers on the one hand, while on the other hand Landgard forms a central access element for high-quality goods from first-hand sources. In the spring of 2021, Landgard opened up new distribution and procurement channels as it expanded its business activities. However, the sometimes more restrictive business policy of credit insurers, especially in times of crisis, made it more difficult to work with new partners and finally prompted Landgard to look for an alternative to traditional trade credit insurance for its suppliers.

The digital guarantees are an individual, secure and cost-effective alternative to existing hedges, from which Landgard’s suppliers benefit. While the classic trade credit insurance, for example, runs for one year, digital guarantees offer customized terms. This is particularly advantageous for Landgard suppliers of seasonal products. The guarantees are issued by NORD/LB on the Traxpay platform without paper or analog signatures.

With the new platform, the company orders the payment guarantees digitally. The program allows suppliers to see the status of their invoices at any time and offers the option of having invoices credited in full at the desired time.

Other advantages are that the solution allows a bank to be connected without the need for technical integration and without installing any software, as all functions can be used via an SAP AddOn. The solution creates efficiency through a digitalized warranty process, and fairness as the validity of the warranty can be determined by the supplier.

Click here to watch the video showing the benefits of the platform: https://www.traxpay.com/insights/traxpaytv-digital-guarantees/


Any questions?

Portrait Claus-Mário Büschelberger | Traxpay
  • Claus-Mário Büschelberger
  • Senior Director – Corporate Clients EMEA
  • +49 69 597 72 15 39
    • * required
    • This field is for validation purposes and should be left unchanged.

Read also

9th Alternative & Receivables Finance Forum

Matthew Hatton, Head of Product Innovation, takes part in a panel discussion. The topic of this panel is: Driving commercial advantage through digitisation – opportunities and challenges.

Award Presentation Treasurer of the Year 2023 at the 19th Structured FINANCE

Markus Wohlgeschaffen presents the Treasury of the Year Award to Dirk Schreiber from BioNTech SE.

Wachstumsgrafik

ITFA EDUCATIONAL WEBINAR | Negotiable Instruments – An Enabler for SCF Growth

ITFA Webinar! Our Managing Director and Head of Markets & Sales Markus Wohlgeschaffen will give a presentation with SVP Working Capital Technology Dominic Broom from Arqit from 2:05pm to 2:25pm. The topic of this presentation is: Creating Growth Opportunities in SCF.