6hdh2clog300300.jpg QNB eFinans | Top E-Invoicing Solution Company-2021

QNB eFinans
A Harbinger of Digital Transition in the Financial Industry

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Okay Yildirim, QNB eFinans General Manager, QNB eFinansOkay Yildirim, QNB eFinans General Manager
The COVID-19 pandemic has hastened digital transition, and enterprises too must progress accordingly, or they will eventually grow redundant. Specifically, the scope of e-transformation has grown over time to encompass a variety of e-documents. Turkey, for instance, has made e-invoicing mandatory, and currently, all B2B enterprises with invoice volumes of more than 5 million Turkish Liras must submit electronic invoices. That equates to about 450 thousand active businesses in the country today. In such a situation, there is an urgent need to revolutionize the financial technology space using e-Transformation. QNB eFinans, a leading Turkey-based Fintech in the e-Transformation industry, creates digital technology to provide companies with innovative and reliable e-Transformation solutions. "QNB eFinans offers a solution-oriented and satisfaction-based service for all e-Transformation products, as well as value-added services to streamline its clients' back-office operations." begins Okay Yildirim, General Manager of QNB eFinans.

QNB eFinans was founded in 2013 as a wholly-owned subsidiary of QNB Finansbank to integrate e-Invoices into the financial industry, and by 2015, the company had added e-Ledgers and B2C e-Invoices to its portfolio. With a 10 percent market share in the e-Transformation industry, QNB eFinans actively invests in infrastructure, product, and process developments to revolutionize the financial technology space using e-Transformation and provide a better customer experience.

As an expert in offering regtech and fintech solutions, QNB eFinans seeks to create solutions for businesses in the financial sector by integrating and expanding e-Transformation applications which facilitate organizations in finding innovative responses to umpteen challenges. With QNB Finansbank, QNB eFinans offers various financial solutions such as e-Ledger Financial Analysis, Finance Star, Digital Bridge, and Neovade.

In collaboration with QNB Finansbank, QNB eFinans digitalizes the documenting and transmission processes of financial statements using the "e-Ledger Financial Analysis." In addition, thanks to its connection with QNB eFinans, QNB Finansbank continues to provide its customers "eCredit," an alternative digital finance solution based on oneinvoice collateralization.

QNB eFinans helps enable companies in accelerating business processes, reducing workloads, easing operations and gaining competitive advantage by reducing costs


The Bank's Direct Debiting Systems (DDS), Supplier Finance (SCF) transactions, and payment transactions of companies are integrated into the QNB eFinans infrastructure with Finance Star, a cloud-based application created and -developed by QNB eFinans. This allows the bank to provide unlimited cash management options to its customers.

QNB eFinans is the most prominent solution partner with e-Transformation solutions in QNB Finansbank's Digital Bridge project launched in 2019. Through Digital Bridge, QNB eFinans and partner fintechs deliver Software as Service solutions (SaaS), which operate as Banking as a Platform (BaaP). At the same time, Neovade product developed by QNB eFinans, caters to the funding needs of businesses as an alternative financial solution within the Digital Bridge platform. Ultimately all these solutions assist SMEs in their e-Transformation needs.

In addition, QNB eFinans partners with banks and fintechs to support all e-transformation applications with financial solutions. E-Invoice (B2B & B2C), e-Ledger, e-Waybill, and Registered Electronic Mail are among the products offered by QNB eFinans Portal (REM). QNB eFinans' overall e-Transformation applications form a single enhanced portal and integrate financing solutions into the same portal services, such as financing opportunity against e-Invoice guarantee with e-Credit offered by QNB Finansbank. This assists businesses in speeding up their processes, decreasing workloads, simplifying operations, and obtaining a competitive edge by lowering expenses.

E-waybills and e-invoices are required for B2B invoices, whereas mere e-waybills are sufficient for B2C invoices. QNB eFinans' e-Invoice is fully equipped for incoming and outgoing invoices with 350+ ERP/ Accounting /Business Process Management software, easing the complexity of compliance. QNB eFinans ensures electronic invoices' integrity, authenticity, and readability while also providing reliable traceability through a single portal. The company's e-Invoice system makes it easier to keep track of invoices, set suitable organizational roles, and gain a greater level of control and insight into the invoicing process through reporting choices.

Okay Yildirim further mentions that since June 1 2019, retailers in Turkey have had a new option to replace the cost of investing in a fiscal cash register. The new "Secure Mobile Payment and Electronic Document Management System" allows for a POS solution that covers all types of payments, including food checks, and allows for the use of a variety of devices, such as mobile phones, tablets, computers, or virtual POS solutions, that can work independently or synchronously. One of the most significant benefits of this new method is that it reduces the cost of purchasing POS equipment for a business that only occasionally accepts credit cards. The technology will enable the creation of various payment structures, including payments made on the street via chat programmes and mobile phones.

For major businesses, QNB eFinans also provides projectbased integration with SAP, Oracle, and Microsoft Dynamics. With its ERP-independent structure, QNB eFinans is compatible with over 350 local and international ERP & Accounting software houses, operates under a sophisticated, certified, and audited information security infrastructure, and guarantees the uninterrupted operation of its solutions 24/7 through its Business Continuity Center. With integrated Whatsapp, Webchat, and a client support call centre with 24/7 availability and remote support solutions, QNB eFinans has made end-toend client support a cornerstone in the company's values.