Atlanta, GA (PRWEB) October 29, 2012
PrimeRevenue Inc., the leading SaaS platform for global supply chain finance (SCF) announced today that it is a Gold Sponsor of the annual Chief Procurement Officer (CPO) Summit hosted by Aberdeen Group, a Harte-Hanks company. To be held Nov. 13-14, 2012, at the Seaport Hotel in Boston, Mass., the Summit plays a critical role in driving supply chain management excellence by shaping business strategy and maximizing procurement’s impact on enterprise performance.
Over the past eight years, Aberdeen Group’s annual CPO Summit has established itself as the premier event for global procurement executives featuring senior executive presentations led by industry-recognized leaders sharing key trends to deliver best practices on a broad range of topics including supply chain finance, e-sourcing, e-procurement, spend analysis, technology management, and others.
Eric Jones, Director of Corporate Payables, Vendor Solutions and International Payments of Lowe’s Companies Inc., the second largest home improvement retailer in the world, will deliver a presentation on ways SCF, specifically buyer-approved payables finance, harmonizes the goals of buyers and suppliers by allowing them to extract value from the supply chain in order to reduce costs. Specific benefits of using an internet based transaction platform will be presented, along with any effects on the buyer’s side in implementing this SCF approach.
“Under pressure to release capital, many global companies are looking for innovative ways to strengthen and finance their supply chain, said PJ Bain, PrimeRevenue CEO. “Our PrimeRevenue OpenSCi™ SCF platform optimizes working capital for the entire supply chain allowing Buyers to extend days payable outstanding (DPOs) while reducing Supplier DSO, total financing cost, and risk in the supply chain.”
“We are very excited to welcome Lowe’s and PrimeRevenue at this elite gathering of procurement and supply chain executives,” said Chris Dwyer, Research Director, Global Supply Management and Financial Management Research, Aberdeen Group. “This year’s agenda highlights the strategic rise of the CPO in a climate of economic uncertainty and financial supply chain cost reduction is a topic of great interest. Our audience will derive great value from learning how to drive significant supply chain value through approved payables finance,” concluded Dwyer.
About Aberdeen Group, a Harte-Hanks Company
Aberdeen Groups is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen™ for insights that drive decisions.
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