PT Frisian Flag Indonesia, a subsidiary of Royal Friesland Foods, Netherlands, and an Indonesian market leader in dairy products, has become the first company in Asia to implement db-SupplierFinance, Deutsche Bank's fully automated and web-enabled trade payable financing solution that allows for efficient management of financial supply chains between corporates.
Frisian Flag Indonesia will now be able to provide its key local suppliers with competitive financing, online access to discount receivables and secure management of electronic payments for invoicing and financial processing.
Db-SupplierFinance is the first joint electronic solution offered by the bank's cash management and trade finance businesses. "Deutsche Bank is once again the frontrunner for innovation with the implementation of db-SupplierFinance for Frisian Flag Indonesia, the first such solution in the market. This is testimony to the bank’s ability to leverage on its global suite of products and services to strengthen its local capabilities and add great value to its clients,” comments Ady Yatim, head of trade finance, Indonesia at Deutsche Bank.
Last Updated May 07, 2008
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