Atlanta, GA (PRWEB) October 22, 2012
PrimeRevenue Inc., the leading SaaS platform for global Supply Chain Finance (SCF), will host a 30 minute live webinar on October 30th and November 1st, 2012, entitled “Join the Supply Chain Finance Conversation.” The complimentary webinar will focus on the latest advances in Finance for Supply Chain Activities demonstrating how major corporations are using the PrimeRevenue OpenSCi™ SCF solution to optimize working capital in line with the UK Government’s SCF initiative.
In an effort to support UK entrepreneurs and businesses and ensure they are able to access the financing they need to grow, the UK Government is keen to examine the role of innovative solutions, such as SCF, which reduces cost, capital and risk in the supply chain and inject liquidity in the market place. Recognizing the need for larger companies to stimulate growth through supporting smaller companies, the UK Government is setting an example with a target to pay 80% of undisputed invoices within 5 days and requires its prime contractors to pay Tier 2 suppliers within 30 days. Larger companies are also encouraged to use their credit strength to help Suppliers access additional sources of credit.
“Our open PrimeRevenue OpenSCi™ SCF solution allows Buyers to gain access to the credit power of multiple banks and financial institutions around the world without using debt or affecting their balance sheet or that of their suppliers,” said Oliver Belin, PrimeRevenue business development executive for Europe. “By using our SCF platform, Suppliers gain “on-demand” access to cash from their approved receivables. With payment cycles reduced to as little as two business days, Suppliers are able to maintain a healthier balance sheet, reduce Days Sales Outstanding (DSOs) and improve cash positions without competing with their Buyer’s working capital objectives. With financing rates based on the Buyer’s credit rating, PrimeRevenue OpenSCi™ SCF is a win-win solution which forges stronger supplier relationships,” concluded Belin.
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. The PrimeRevenue OpenSCi™ SCF platform and working capital advisory services provide these organizations with the control and flexibility required to drive superior SCF results, reducing cost and capital risk throughout their supply chains and forging stronger supplier relationships. Headquartered in Atlanta, Georgia, USA, PrimeRevenue also has offices in London, Paris, and Prague in Europe, as well as in Melbourne, Australia, and Hong Kong SAR, and operates some of the largest SCF programs for customers around the globe. For more information, visit http://www.primerevenue.com