Organizations asked to proactively manage supply chain risksFebruary 14, 2014
KARACHI:,,, Prime Revenue, Inc, the industry leader in global supply chain finance solutions optimizing cash flow for organizations has announced that it would deliver a presentation titled “Supply Chain Financing as our World Gets Smaller.”
A press release issued from Atlanta said organized by the St Louis Treasury Management Association and delivered by Oliver Belin, marketing director, Prime Revenue, Inc, the presentation will take place on February 20 at Spazio Westport in St Louis, MO.
With supply chains becoming increasingly complex, it is now more important than ever for leading organizations to proactively manage supply chain risks and ensure that suppliers have access to competitively priced liquidity. PrimeRevenue provides its OpenSCiTM market-leading, web-based multibank supplier finance platform to Buyers and their worldwide Suppliers providing them with payment visibility and certainty regarding their approved receivables.
“The OpenSCi solution allows organizations to control key supply chain finance parameters in order to achieve working capital objectives that have risen to the top of the corporate agenda,” said Oliver Belin, marketing director for PrimeRevenue. “At the same time, our reverse factoring platform provides suppliers with on-demand access to competitively priced liquidity at any point until the original maturity date creating a win-win scenario for all parties involved,” added Belin.
Through the PrimeRevenue OpenSCi supplier finance platform, suppliers to leading corporations can choose to receive early payment on their approved invoices at very attractive funding rates, based on their customer’s strong credit rating. With early payment terms and with no transaction fees, working capital requirements are reduced and cash flow is less constrained, enabling suppliers to reduce Days Sales Outstanding (DSO) and maintain a healthier balance sheet.
“PrimeRevenue has developed a deep understanding of financial supply chains empowering over 13,000 organizations worldwide to optimize working capital,” said Oliver Belin, marketing director for PrimeRevenue. “Post-crisis, as world trade is increasing, our leading supply chain finance solutions allow our customers to remain competitive and fuel growth,” concluded Belin.