News Column

United States : FLEXIBLE supply chain funding options with PrimeRevenue

June 6, 2014

PrimeRevenue is one of the grand daddies in the supply chain finance space. It started in 2003 with a bank-independent SCF platform. Back then, PrimeRevenue described themselves as a supply chain financial services company that provides automated Supplier Finance, Payables Presentment and Financial Settlement services to Global 2000 organizations and their Suppliers.

What makes them unique is that they deal in a world of credit. Their approved trade payable program involves the use of third party credit (not always, as corporates can self-fund, but many choose not to as the commitments are too big). 

The other unique feature of PrimeRevenue is they not just give the platform (now called OpenSci) but give financing through their financial institution partners and onboarding services to support programs.

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Source: TendersInfo (India)

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