Atlanta, GA (PRWEB) December 12, 2011
In order to get paid faster and drive incremental operating cash flow, Aykroyd & Sons, M Products, and Gimplast Sp z.o.o recently joined the expanding community of suppliers who benefit from PrimeRevenue powered Supply Chain Finance(SCF) programs. These organizations participated in SCF through programs run by their customers in industries such as Retail and Manufacturing.
PrimeRevenue provides its market leading, web-based, multi-bank SCF platform to buyers and their suppliers to reduce cost, capital, and risk throughout the supply chain. There is no cost for suppliers to use or access the PrimeRevenue SCF system which provides suppliers with the ability to trade invoices for next day payment as well as online visibility into approved invoices and offsets. The only fees paid by suppliers are discount fees if and when suppliers choose the early payment option. Discount fees are based on the buyer’s credit rating and early payment creates no debt on the suppliers’ balance sheet. Suppliers gain access to a low-cost, on-demand source of capital through use of the PrimeRevenue SCF platform.
According to Ian Bullough, Finance Director, M Products, “We are quite glad to have signed up to use the PrimeRevenue SCF platform. Being in expansion mode, we require sufficient cash flow at all times. Our ability to use the SCF platform has ensured us access to on-demand cash flow.”
“With the tightening of credit and the resulting impact on cost and availability, Supply Chain Finance introduced by buyer organizations provides an excellent opportunity for suppliers to optimize working capital,” said Joe Weisskopf, Vice President of Global Supplier Solutions, PrimeRevenue, Inc.
About PrimeRevenue, Inc.
For Global 2000 organizations who view their supply chains as a strategic asset and are seeking to increase supply chain efficiency, PrimeRevenue is the leading provider of multi-bank Supply Chain Finance (SCF) technology and services. Our open SCF platform and working capital advisory services provide these organizations with the control and flexibility required to drive superior SCF results, reducing cost, capital and risk throughout their supply chains and forging stronger supplier relationships. Headquartered in Atlanta, Georgia, USA, PrimeRevenue also has offices in Paris, Frankfurt and Prague in Europe, as well as in Melbourne, Australia, and operates some of the largest SCF programs for customers around the globe. For more information, visit http://www.primerevenue.com.