Success Story

The Evolution of Financial Needs in Şişecam Operations

Working Capital Notes: The Transformation of Cash Management at Şişecam

Şişecam and Faturalab: A digital, scalable, and legally robust supply chain finance infrastructure on a global scale with Working Capital Notes™.

Financing Evolution within Şişecam Operations

With over 23,000 employees and an international supplier base, payments at Şişecam consist of complex obligations circulating constantly across different countries, currencies, and counterparties. Operating with 43 production facilities across 12 countries, Şişecam needed a solution to establish more sustainable business relationships with its suppliers, provide fast and secure support when necessary, and integrate cross-border payments with international financing sources.

Use Case: Receivables Financing

Faturalab serves as the central orchestration layer of the transaction flow, coordinating the entire process between the buyer, suppliers, and financing institutions. Now, buyer-approved invoice data from Şişecam’s ERP system is processed via Faturalab; the issuance of Working Capital Notes™, bank approvals, and payment statuses can be tracked in real-time by all parties on the same platform. Powered by ETR Digital’s Flownote™ technology, this infrastructure enables the management of the entire process between Şişecam, İşbank, and suppliers from a single point, ensuring every step is recorded.

Rapid Go-Live

Enhanced Cash Management

Enhanced Risk Management

Stronger Relations with Banks and Non-Bank Financial Institutions

“The greatest contribution of this structure is flexibility. In a global business, conditions can change in an instant. Being able to adapt to these changes without having to renegotiate every program is absolutely critical.”

Barış Gökalp

Treasury Director, Şişecam

Explore this model in detail

Download the success story to discover the details of this internationally recognized structure that has transformed working capital management into an integral part of e-commerce.