Atlanta, GA (PRWEB) November 19, 2012
PrimeRevenue Inc., the leading platform for global supply chain finance (SCF), was a Gold-level sponsor of the 2012 Chief Procurement Officer (CPO) Summit held Nov. 13-14, 2012, at the Seaport Hotel in Boston, Massachusetts. The theme of this year’s event was “Enterprise Champions during Economic Uncertainty.”
Eric Jones, head of corporate payables, vendor solutions and international payments, Lowe’s Companies, Inc., a large home improvement retailer, delivered a presentation on ways approved-payables finance reconciles the conflicting goals of Buyers and Sellers allowing them to improve cash flow and reduce total financing cost and risk in the supply chain. By using this SCF solution and despite the unfavorable economic climate, Buyers are able to provide cost effective liquidity for high risk Suppliers and reduce potential risk of trade disruption, while achieving working capital optimization for the entire supply chain.
“Supply chain finance is one of the most significant sources of savings for procurement executives,” comments PJ Bain, PrimeRevenue CEO. “While realizing cost efficiencies is a top priority for leaders across all industry sectors, procurement is becoming increasingly aware of the widespread benefits delivered by SCF. The PrimeRevenue OpenSCi™ SCF solution allows procurement executives to take a holistic view of the supply chain and reduce risks, improve supplier relationships, preserve working capital and deliver more strategic value to the organization,” added Bain.
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, Frankfurt 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