"Improving working capital for all parties in the supply chain is essential in today's marketplace. Faced with increased cash flow requirements, corporations are looking for innovative solutions to minimize risk in their supply chain while injecting liquidity to boost growth," said
The overall goal of Supplier Finance is to optimize working capital throughout the end-to-end supply chain for both buyers and suppliers. The OpenSCiTM suite of applications enables buying organizations to generate operating cash flow while creating a true win-win situation for their entire supply chain with deeper and broader trading relationships. With payments made electronically often on the next business day, and with no transaction fees, working capital is reduced and cash flow is less constrained, enabling suppliers to reduce Days Sales Outstanding (DSO) and maintain a healthier balance sheet.
"We see strong demand for Supply Chain Finance from large buying organizations as well as their suppliers," adds Doorley. "Thousands of companies from various industries have already implemented Supply Chain Finance programs with PrimeRevenue and achieved more than
For organizations that view their supply chains as a strategic asset and are seeking to increase supply chain efficiency, PrimeRevenue has the answer. PrimeRevenue provides cash flow to more than 14,000 buyers and suppliers through its OpenSCi suite which offers the control and flexibility required by organizations to optimize their working capital and reduce costs and risks throughout the financial supply chain. Headquartered in
Read the full story at http://www.prweb.com/releases/2014/04/prweb11800354.htm
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