With the rise of the BPO (Bank Payment Obligation) as a new settlement option, Polytrade found itself interested in using the instrument as an importer.
Compared to settlements using letters of credit, the BPO allows for much faster and simpler processes, which then leads to optimized costs.
Polytrade chose UniCredit as partner to help understand the processes and smoothly implement the technology. This decision accounts to UniCredit's leading position regarding know-how in BPO implementation and settlements.
According to Stephanie Stanzel, Vice President Commercial, what makes UniCredit stand out - in contrast to other banks Polytrade has carried out BPOs with - is the highly professional and co-operative approach to partnership and the quick offering of effective solutions.