Okay Yildirim, CEOA subsidiary of QNB Finansbank, QNB eFinans plays a vital role in seamlessly integrating e-invoicing into the financial sector in accordance with the e-invoicing mandate introduced by the Turkish Revenue Administration (GIB). It offers seamless experiences through its integration capabilities with a 100 percent fiscal and legal compliance guarantee. Its API and portal product portfolio includes e-invoice (B2B & B2C), e-ledger, e-waybill, e-archive, e-receipt, export invoice, tax-free invoice, and registered electronic mail (REM).
QNB eFinans’ e-invoice system enhances existing invoice management practices by allowing clients to effortlessly do away with manual paperwork and shift to the convenience and efficiency of digital invoicing. It lets them send invoices, receive payments electronically, and securely store all taxcompliant financial documents in a centralized repository. QNB eFinans’ e-invoice ensures compliance with top-notch security measures, providing peace of mind to clients while streamlining invoicing processes.
The company acts as the go-to compliance partner for clients, adding value to their existing solutions. This is proven by the fact that it already has over 350 domestic and international ERP/EAS/BPM software integrated into its e-invoice platform (cloud application). It ensures the integrity, authenticity, and administration of e-invoices from a single portal and allows for easy invoice tracking, role definition, and reporting options, including automatic e-invoice distribution. All e-invoice-related documents are securely archived for ten years in its regulatorycompliant cloud-based system. The invoice designing module also allows for customizable invoice formats where B2C e-invoices can be easily integrated with e-commerce systems and automatically delivered to clients via e-mail or SMS.
Over the years, QNB eFinans has created a cloud-based one-stop shop customer portal that simplifies e-transformation applications and offers complementary products to streamline company processes.
To enhance the user experience, it now focuses on integrations into open banking, bill payment processes from BaaS platforms, and new products like e-receipt and e-document processes on soft POS devices. Its e-receipt system ensures order documents used by food services businesses are compliantly transferred to the digital environment for efficient tax and expense auditing. QNB eFinans also offers the e-insurance commission expense document that digitalizes commission payment documents payable by insurance companies to their affiliated agents and independent brokers.
QNB eFinans further delivers solution-oriented, valueadded services to streamline the back-office operations of clients. It provides financial solutions through partnerships, including e-financial analysis with select Tier-1 Turkish banks, the Digital Bridge SME digital solutions ecosystem, and the P2P e-invoice trading platform, Neovade. It also delivers eCredit, an alternative digital finance tool based on e-invoice collateralization.
QNB eFinans has recently established two new subsidiaries—QNBpay and Lidy. QNBpay is a central banklicensed payment service provider offering multi-bank online payment services and AI-based payment technologies to businesses of all sizes. Lidy, alternatively, is a multibank hub helping businesses easily reach open banking services. It aims to offer platforms and software to businesses and individuals to access and operate as a one-stop hub for all Turkish bank services.
“Our company, along with our newly established subsidiaries, has evolved from a regtech to a fintech and now into a paytech and banktech,” says Yildirim.
The length and breadth of solutions QNB eFinans offers have made it the partner of choice for many clients, including BNP Paribas Fortis, Booking.com, Burberry, Chrysler, MAPFRE, eBay, Guess, Coca-Cola, Hermes, Hyundai, Marubeni, Metro AG, Mitsubishi Electric, among others.
Its newest offering, e-financial analysis, helps digitalize the process of transmitting financial data periodically shared with financial institutions per Turkish banking regulations governing the extension of loans to companies. Firms using its e-ledger service can transfer required data electronically to financial institutions’ systems through the QNB eFinans Portal. It also lets authorized loan officers view the resulting financial data and continue their internal financial analyses. In addition, it allows clients to easily automate this data transfer periodically and limit the availability time-frame while financial institutions easily obtain financial data without typing in paper-based lines of data into their analysis systems. By eliminating physical printing, transfer, and re-digitizing processes, loan request appraisal processes gain speed and objectivity, ensuring greater access to companies with urgent financing needs.
QNB eFinans has made e-financial analysis a hub for the e-transformation sector through agreements with financial institutions and its competitors. This offers financial institutions a larger company ledger data extending beyond the leading market share of QNB eFinans’ e-ledger solutions.
Today, QNB eFinans has garnered significant growth and traction within the financial sector in Turkey and is become the first Turkish member of the European e-Invoicing Service Providers Association (EESPA). It is also the first e-invoice service provider that provides integration in the field of foreign trade in Turkey through its business partnerships with European e-invoicing companies such as Basware, Tesisquare, and Pagero. These achievements are a testament to its steady progress toward its vision to be recognized as a leading reliable firm that delivers the newest and highest quality products and services in the field of e-transformation.
QNB eFinans further delivers solution-oriented, valueadded services to streamline the back-office operations of clients. It provides financial solutions through partnerships, including e-financial analysis with select Tier-1 Turkish banks, the Digital Bridge SME digital solutions ecosystem, and the P2P e-invoice trading platform, Neovade. It also delivers eCredit, an alternative digital finance tool based on e-invoice collateralization.
QNB eFinans has recently established two new subsidiaries—QNBpay and Lidy. QNBpay is a central banklicensed payment service provider offering multi-bank online payment services and AI-based payment technologies to businesses of all sizes. Lidy, alternatively, is a multibank hub helping businesses easily reach open banking services. It aims to offer platforms and software to businesses and individuals to access and operate as a one-stop hub for all Turkish bank services.
Since our inception, we have been driving digital transformation within the commerce and banking industry in Turkey. An ERP-independent service provider, we are dedicated to offering innovative and reliable digital e-transformation solutions to companies of all sizes and types
The length and breadth of solutions QNB eFinans offers have made it the partner of choice for many clients, including BNP Paribas Fortis, Booking.com, Burberry, Chrysler, MAPFRE, eBay, Guess, Coca-Cola, Hermes, Hyundai, Marubeni, Metro AG, Mitsubishi Electric, among others.
Its newest offering, e-financial analysis, helps digitalize the process of transmitting financial data periodically shared with financial institutions per Turkish banking regulations governing the extension of loans to companies. Firms using its e-ledger service can transfer required data electronically to financial institutions’ systems through the QNB eFinans Portal. It also lets authorized loan officers view the resulting financial data and continue their internal financial analyses. In addition, it allows clients to easily automate this data transfer periodically and limit the availability time-frame while financial institutions easily obtain financial data without typing in paper-based lines of data into their analysis systems. By eliminating physical printing, transfer, and re-digitizing processes, loan request appraisal processes gain speed and objectivity, ensuring greater access to companies with urgent financing needs.
QNB eFinans has made e-financial analysis a hub for the e-transformation sector through agreements with financial institutions and its competitors. This offers financial institutions a larger company ledger data extending beyond the leading market share of QNB eFinans’ e-ledger solutions.
Today, QNB eFinans has garnered significant growth and traction within the financial sector in Turkey and is become the first Turkish member of the European e-Invoicing Service Providers Association (EESPA). It is also the first e-invoice service provider that provides integration in the field of foreign trade in Turkey through its business partnerships with European e-invoicing companies such as Basware, Tesisquare, and Pagero. These achievements are a testament to its steady progress toward its vision to be recognized as a leading reliable firm that delivers the newest and highest quality products and services in the field of e-transformation.
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