Case Study: TBC Bank doubles factoring business with QUALCO ProximaPlus

TBC Bank doubles its factoring business with QUALCO ProximaPlus

TBC Bank, a major Georgian bank, sought to enhance and grow its factoring services for corporate customers. The bank partnered with vendor Qualco and implemented its ProximaPlus platform to address this challenge, aiming to digitize and streamline its operations.

Qualco's ProximaPlus solution automated and digitized the bank's financing process. This implementation resulted in a dramatic improvement: TBC Bank doubled its factoring client base and achieved a tenfold increase in customer transactions. Furthermore, the time required to process transactions was reduced from five hours to just thirty minutes, significantly boosting efficiency.

TBC Bank

Tamara Khizanishvili

Head of Trade Finance and Factoring Department