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09.05.2024
Software licence renewal secures cash flow and boosts efficiency for Turkish telecoms giant
About the client
Award-winning telecommunications provider with over 30,000 employees and 25 years of experience. Delivers seamless internet, GSM, and fixed-line services across Turkey.
Sector
ICT
Partner/ Klant
Leading Turkish telecommunications operator
Land
Turkije
The challenge
Rising inflation and high interest rates posed a financial barrier for the client when they needed to renew critical software licenses. Preserving cash flow and maintaining capital structure were top priorities.
The solution
BNP Paribas Leasing Solutions, known for its global vendor relationships and strong presence in software leasing, collaborated with the client and the software vendor to design a customized solution. Key elements included a subsidised financial offer: BNP Paribas Leasing Solutions proposed a lease agreement with below-market rates, significantly reducing the financial burden on the client.
Plus, a smooth process: existing global ties with the vendor and efficient internal procedures ensured a streamlined implementation.
The benefits
- Improved cash flow: The lease solution helped conserve the client’s valuable cash resources for other strategic priorities.
- Enhanced efficiency: Renewed software licenses facilitated improved operations and ultimately led to better service for the client’s customers.