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Closed loop banking
Helping a cooperative improve member engagement
The customer is a large cooperative with 5,000 member businesses and over EUR 15 billion in annual transactions. Members of the cooperative are companies that often encounter difficulty finding the right mix of finance and banking products.
Project goals: Deepen member engagement, automate business processes, reduce costs, open up new revenue streams.
Merchant finance
International beverage company develops new retention path
Toqio was approached by a major European beverage company, with an annual turnover of EUR 1.5 billion. For years, the company has engaged in the practice of fostering restaurant owner loyalty by offering branded paraphernalia in exchange for a commitment to purchase. In recent years, however, “branded bars” have lost their luster among clientele.
Project goals: Secure distribution revenue streams, improve supplier engagement.
Receivables finance
Scaling up account volume and transactions
A major player in the receivables finance sector came to Toqio looking to find new and better ways to manage accounts and transactions. The company was already dealing with large transactions for multinationals but found that the way accounts were being issued and managed by their incumbent bank was costly and grossly inefficient. They needed a more agile and less expensive solution.
Project goals: Increase efficiency, streamline digital treasury.
Supplier financing
Getting on top of managing supplier payments
The customer is one of Europe’s largest retailers with an extensive, global supplier base, though the majority of its sales occur in its home nation. The volume and nature of supplier international bank accounts also made payment management increasingly more complex and drawn out. The retailer approached Toqio in order to create a more automated and contemporary system that could handle the existing volume of transactions as well as grow to keep up with evolving needs.
Project goals: Engage with suppliers, automate business processes, develop new revenue streams.
What our customers say
Toqio has helped us to offer our business customers a wide array of payment solutions, from card payments to money transfers, with an excellent, fully digital experience. And all this in record time and saving us in excess of €1.4 million. From a business perspective, this has allowed us to improve our customer engagement dramatically, as well as our ability to offer them financing more quickly, thanks to our better understanding of their businesses.
José Molina, Founder and CEO, Crealsa
