EuroFinance

At Banvit BRF Türkiye, a poultry processor company, treasury has become a hub of innovation, efficiency and resilience. Over the past six years, the company has modernised processes, digitised operations and built new financial structures that support both corporate growth and supplier stability. From consolidating dozens of bank accounts to pioneering supply chain finance programmes in partnership with fintechs, BRF’s treasury team is reshaping how finance operates inside one of the world’s largest food companies.

Seda Mutlu, treasury coordinator at BRF has been awarded the Rising Star award in the EuroFinance Treasury Excellence Awards,, “It will be my first event on the international stage. I am very excited. Also, we are a winner —it’s amazing for us.”

Digitalisation at scale

Mutlu recalls how the shift began in 2020 with a wide-ranging digital transformation project. “We established SWIFT integration with our banks and created secure, automated processes. This eliminated manual intervention, reduced the number of bank accounts, and gave us consolidation opportunities,” she explained.

The results were dramatic: 40,000 monthly transactions digitised and 37 bank accounts closed, simplifying operations and improving oversight. The team also became the first in its industry in Türkiye to implement soft POS technology licensed by the Central Bank, enabling NFC-based and remote payments integrated directly into BRF’s ERP system. “This end-to-end solution brought agility, simplicity and operational efficiency while enabling secure card payments with 3D secure authentications,” Mutlu said.

Supply chain finance and resilience

Supporting suppliers through more accessible funding has been another hallmark of BRF’s treasury work. “There’s a liquidity squeeze in the markets. From the suppliers’ perspective, they are either unable to access funding when needed or find borrowing too expensive. Through this programme, suppliers can collect payments early using our credit strength. For us, it extends payment terms, strengthens working capital, and improves negotiations,” she explained.

By involving seven banks and a fintech partner, BRF was able to consolidate processes into a single portal. “Old banks have different formats, different portals — very complex. One portal is amazing. It’s really easy for the user,” Mutlu said. The result: reduced back-office burden and more resources directed towards value-adding activities.

Creating financial discipline

Mutlu also reshaped how BRF handles payments to suppliers, introducing dynamic payment schedules. “With the approval of senior management and support of all stakeholders, we implemented this process and revised our payment policy. All supplier contracts were restructured in line with these new calendars,” she said.

The changes improved forecasting accuracy and strengthened collaboration. “Knowing exactly how much we owe each supplier has made our cash flow predictions more realistic and reliable. It has also strengthened trust across finance, suppliers and procurement,” Mutlu noted.

Culture and strategy

For Mutlu, these initiatives are about more than technology. “This journey is not just operational. It’s a long-term cultural transformation. Treasury is no longer just a finance function — it’s a strategic enabler of corporate goals and culture,” she said.

By aligning treasury with BRF’s principles of agility, simplicity, efficiency and collaboration, Mutlu has helped elevate the function across the organisation. “Recognition and visibility of our efforts are essential. These principles have empowered us to contribute more meaningfully,” she added.

What’s next?

BRF Türkiye’s next milestone is the rollout of virtual account structures for customer collections, planned for 2026. “Our current automation is now 90%. With virtual accounts, we will be able to simplify rules and create dynamic management for automation. I am very happy and very excited about this project,” Mutlu said.

Her vision reinforces why BRF Türkiye’s treasury stood out for EuroFinance recognition. “Being close to technology has reinforced our partnerships with banks and fintechs, allowed us to co-develop solutions, and enabled our teams to focus on value-adding activities. This transformation is not just about systems or savings — it is about evolving the way we work,” she said.

With its treasury transformation now recognised internationally, BRF Türkiye has proven that innovation, discipline and cultural change can turn finance into a driver of long-term resilience and growth.