PrimeRevenue Addresses the Potential Impact of the Eurozone Crisis on Corporate Supply Chains

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Joe Weisskopf highlights the importance of Supply Chain Finance for addressing global supply chain concerns.

Joe Weisskopf, vice president of global supplier solutions, PrimeRevenue, Inc., participated in an exclusive editorial roundtable addressing trade finance solutions. The roundtable, sponsored by PrimeRevenue and the Bank of Montreal (BMO) and organized by Trade Finance Magazine took place in New York, NY, on June 26, 2012.

The discussion addressed the potential impact of the Eurozone crisis on the trade and Supply Chain Finance markets and outlined ways for Banks, Buyers, and Suppliers to address the potential disruption of their financial or physical supply chains. As the economy picked up after the recession, concerns about supplier responsiveness sparked by constrained bank balance sheets lead supply chain leaders to seek out multibank Supply Chain Finance (SCF) solutions to keep their supply chains operating efficiently. PrimeRevenue’s OpenSCi™ solution satisfies this demand and allows both buyers and their suppliers to reduce working capital, cost and risk through PrimeRevenue’s global, multibank SCF platform.

“Through our multibank SCF offering we have been able to offer unparalleled liquidity sustainability and scalability to corporate supply chains which helps promote cash and working capital availability," said Joe Weisskopf, vice president of global supplier solutions. “This helps our bank partners as well since they can meet the liquidity demands of their clients supply chains despite balance sheet constraints. From a flexibility standpoint, corporates that we talk to around the world want to be in control of their SCF solution and have the flexibility to deploy Supply Chain Finance in different geographies, with different suppliers, with different banks, and in different currencies. The easier we can make the capital flow the healthier the industry will be,” concluded Weisskopf.

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™ 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, Hong Kong SAR, and operates some of the largest SCF programs for customers around the globe. For more information, visit http://www.primerevenue.com

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Contact:
Oana Leventi-Perez
PrimeRevenue, Inc.
(o)+1-404-665-3768
(c)+1-678-368-2583
oleventiperez(at)primerevenue(dot)com

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