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March 30, 2017

Societe Generale selects invoice finance platform

Societe Generale will expand its use of HPD Software’s Aquarius platform for its invoice finance business.

By Saad Ahmed

Societe Generale will expand its use of HPD Software’s Aquarius platform for its invoice finance business.

The bank has used HPD Software’s Aquarius operating platform since 1993, and has applied it across different departments and markets.

Kevin Day, chief executive officer at HPD Software, said: “We are proud of our long-standing and close relationship with Societe Generale.

“This agreement is the start of a new chapter in our relationship and we are very excited about Aquarius being the platform to support the bank’s ambitious plans.”

Eric Frachon, global head of factoring and supply chain finance at Societe Generale, said: “The timing is right to further develop our international factoring activities to support the short-term financing needs of our clients.

“The bank has worked with HPD for many years and as our trusted technology partner we feel confident in the team’s ability to support and underpin this activity with its market leading Aquarius platform.”

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