Atlanta, GA (PRWEB) May 30, 2012
PrimeRevenue, Inc., the leading platform for global supply chain finance (SCF) today announced that it was named the World’s Best Payables Supplier Financing Solution and the World’s Best web-based Supply Chain Financing Solution by Global Finance Magazine. The winners, selected across seven global and eight regional categories will be recognized at the awards ceremony conducted at the same time as the October, 2012 SIBOS conference in Osaka, Japan.
Global Finance, a reliable source of financial news and analysis, releases annual rankings for the World’s Best Supply Chain Finance Providers in recognition of the growing significance of the supply chain and of the various financing solutions that enhance working capital and reduce DPO and DSO for Buyers and their Suppliers. Global Finance’s editorial team selected the best providers of supply chain financing and management services with input from industry analysts, corporate executives, and technology experts including factors such as market share and global coverage, product innovation, customer service, technology, execution skills, and client-specific implementations.
“PrimeRevenue operates the largest SCF programs in the world” said PJ Bain, PrimeRevenue CEO. “Our PrimeRevenue OpenSCi™ solution enhances our SCF offering through SCF analytics, program design, supplier enablement, and legal infrastructure services. The result is total working capital optimization for lower costs, working capital and financial risk throughout the globally distributed supply chain, driving improved profitability, Return on Invested Capital (ROIC) and Economic Value Added (EVA) for all supply chain participants. We are very proud to be acknowledged as the global leader for SCF and look forward to future growth,” concluded Bain.
About Global Finance Magazine
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 163 countries. Global Finance’s audience includes chairmen, presidents, CEOs, CFOs, treasurers and other senior financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management. Its website - GFmag.com - offers analysis and articles that are the heritage of 25 years of experience in international financial markets, and provides a valuable source of data on 192 countries. It is headquartered in New York, with offices in London and Milan.
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™ 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, Hong Kong SAR, and operates some of the largest SCF programs for customers around the globe. For more information, visit http://www.primerevenue.com.