NEWSROOM

Tam Finans and eLogo started offering a new and free service to enable thousands of companies to convert their invoiced checks and receivables into cash more easily. 

*** This release is originally published in Turkish.
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ISTANBUL (TR) - eLogo, the financial services company of Logo, an important player in the software industry and Tam Finans, one of the leading companies in the factoring and fintech sectors, has implemented an application that allows Logo users to convert their invoiced checks and receivables into cash more easily.

Thanks to the Check and Invoice Discount Application Application; Businesses using app-supporting solutions from Logo Tiger & GO product families will be able to inquire about the conversion of their postpaid checks and postpaid receivables into cash, free of charge, over their existing ERP solutions. Logo users will be able to get support from Full Finance to easily convert their receivables into cash after they inquire about their invoiced checks and receivables.

Hakan Karamanlı, CEO of Tam Finans, made a statement regarding the cooperation: “As Tam Finans, we are not a classic factoring company. We are positioned as a fintech company that quickly converts the financing needs of tradesmen and small businesses into cash. In this sense, we have developed a new application in this direction with our cooperation with an important player in the fintech sector such as eLogo. Thanks to this application, Logo users will be able to access Tam Finans free of charge from the accounting and ERP solutions they use without having to come to our branches and perform factoring transactions easily. In the upcoming period, we will continue to support our tradesmen and SMEs in a timely manner by developing such value added products and services.”

elogo General Manager Başak Kural, referring to the cooperation with Tam Finans, said: “Along with digital business processes in the world, customer needs and business processes in financial technologies are also changing rapidly. As eLogo, we digitize the business processes of our customers with our special integrator services, financial e-service solutions and open banking services needed in the market. our customers as one of Turkey's largest software company, we always strive to provide the best. In this context, we attach great importance to this cooperation with Tam Finans. As eLogo, we will continue to work on innovative services that will simplify the lives of our Logo Group customers and increase their efficiency in line with our goals.”

The Advantages of Cooperation for SMEs

Convenience: The invoiced checks and receivables that want to be converted into cash before their due date can be easily shared with Tam Finans.

Saving time: Whether factoring can be performed for invoiced checks or receivables without going to the branch can be inquired from within the ERP solution.

Cash flow improvement: Financial values such as postpaid checks and receivables; When needed, the money flow can be accelerated by converting into cash through Tam Finans.

Cost advantage: Check and Invoice Discount Application Application is a completely free application, no fees are paid for inquiries.