| e-DenizBank / DenizBank |
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| DenizBank realized Turkey's first B2B Market
Place with VeriPark. |
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| Situation |
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DenizBank is one of the youngest and fastest growing banks in the Turkish
banking industry and has succesfully made a reputable name in the financial
sector. Since its privatization in 1997, DenizBank increased its number of
branches from 18 to 122 and from the beginning of 2002 more than 70 new
branches were opened. DenizBank's branch number increased to 185 in 2004.
DenizBank aimed to widen its online banking services' scope offered for its
corporate customers and provide services at each level of work flow from
supplier to consumer. DenizBank decided to preserve the existing traditional
commerce features and carry these to electronic environment as a new structure
which would be the B2B Market Place model.
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| Solution |
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e-DenizBank project that carries trading relations of firms with their dealers
to electronic environment is realized by VeriPark.
Veritical, VeriPark's demand-supply chain management software that helps
buyers, sellers and financial institutions to streamline their business
operations is utilized at e-DenizBank project. VeriPark created a scalable,
robust and secure system architecture to enable e-DenizBank to work with
sellers' and buyers' ERP systems in integrity. At the system the buyer selects
the product from the catalog and orders it from the seller. When the seller
approves the order this information is sent to DenizBank and DenizBank
transfers the payment from the buyer's account to the seller's account.
Sellers get an important cost advantage from standardization of order,
invoicing and payment processes at the electronic operations between sellers,
dealers and regular buyers. Sellers can prepare their catalogs at the
electronic environment, dealers and regular buyers can order via internet and
it is possible to form automatic invoices and follow up them electronically.
e-DenizBank system developed with Veritical provides a variety of advantages
for the sellers from catalog preparation to promotional activities. Sellers may
offer different fixed terms, discount rates and payment plans to each dealer.
e-DenizBank that provides labor and cost advantage to corporations is a unique
project in Turkey from various perspectives. e-DenizBank, Turkey's first B2B
Market Place and MS BizTalk implementation, supports a wide range of payment
tools such as Credit Card, Direct Debiting and Overdraft Credits. In addition
to these features e-DenizBank presents digital identity cards that enables
recognition of users at internet via Turkey's first smart card application with
PKI infrastructure. Information on smart card is only accessible with personal
password. e-DenizBank stands as one of the most secure
e-business products of the world for costumer recognition.
With e-DenizBank sellers save million dollars from costs. The realization of
all operations through internet eliminates the traffic of fax and telephone
usage. Dealers can view their orders' follow up, limits and account balances
whenever they wish.
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Copyright © 2002-2007 VeriPark All rights reserved. |
Privacy Policy |
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| Solution Overview |
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Industry:
Finance
Solution:
B2B Market Place
Products Used:
Veritical |
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| Benefits: |
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Labor and cost savings |
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Realization of all seller, dealer and regular
buyer operations electronically |
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Cost advantage gained from standardization of
order, invoicing and payment processes at the electronic operations |
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Challenges: |
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Being the first B2B Market Place of Turkey |
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Hesitancy of firms for transition to B2B |
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