PrimeRevenue and EFN Celebrate Three Years of Success

Successful Partnership Brings the First Multi-Bank SCF Solution to Latin America

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Atlanta, GA (PRWEB) July 31, 2012

Atlanta, GA, July 31, 2012 – PrimeRevenue Inc., the leading platform for global supply chain finance, and e Factor Network SA de CV (EFN), a Mexican provider of technology for financing operations for national and international corporations, today celebrate three years of successful collaboration. Leveraging the PrimeRevenue technology, EFN provides the most comprehensive SCF solution on the Mexican market for Buyers and their Suppliers allowing them to optimize working capital and reduce cost and capital risk.

Founded in 2008, EFN rapidly expanded its operations to become the most advanced Mexican provider of technology for electronic factoring operations for national and international Buyers and Suppliers. Using the PrimeRevenue OpenSCi™ solution, EFN currently supports over 20 Buyer programs and provides liquidity to thousands of suppliers with more than 10 Mexican and foreign financial institutions funding in Mexican Pesos and US Dollars. Since 2010, EFN has been the number one import factoring provider in the Mexican market allowing foreign suppliers to gain easy access to cash and reinforce their commercial relationships with their clients.

“Through this strategic partnership, EFN brings to Latin America the first non-bank truly multi-bank solution that equips global corporations with the ability to integrate international subsidiaries’ supply chain finance programs on a single platform,” said Dan Juliano, PrimeRevenue’s vice president of business development and partnerships. “With PrimeRevenue’s OpenSCi™ SCF platform, EFN enables corporations and banks to finance suppliers located in Mexico and around the world providing them with payment visibility and certainty regarding their approved receivables,” added Juliano.

“EFN has evolved to be a successful Company trading with an important number of suppliers in Mexico and overseas. Our partnership with PrimeRevenue based on strategic cross border business management has proven highly beneficial to all participants: Buyers, FIs, and Suppliers. The scope of the SCF products in Mexico has increased significantly by bringing Import Factoring and Export factoring to Mexican Buyers and their local and overseas Suppliers,” says Héctor de la Garza, CEO, EFN. “PrimeRevenue’s worldwide network of FIs added to our Mexican partners brings our current and potential clients an increase of credit offer possibilities. The PrimeRevenue OpenSCi™ solution combined with EFN’s experienced team satisfy the most complex SCF needs of our customers,” added De la Garza.

About EFN
e Factor’s primary goal is to deliver Supply Chain Finance solutions for corporations and financial institutions located in Mexico and Latin America. The Leadership team has extensive experience working with e- factoring solutions in Mexico since 2001. With PrimeRevenue´s SCF Platform, EFN can enable corporations and banks to finance suppliers located in Mexico and around the world, connecting them with funds from Mexican as well as non-Mexican financial institutions. Through the partnership, EFN brings to Latin America the first multi-bank solution that equips global corporations with the ability to integrate international subsidiaries’ supply chain finance programs on a single platform. Headquartered in Monterrey, México, also has offices in Mexico City and Queretaro, EFN team vision is to bring working capital solutions for Global Corporations and their Suppliers by designing joint strategies for Supply Chain Finance management. For more information, visit http://www.efactornetwork.com.

Contact:     
Nancy Olvera
+52 (81) 82 48 08 00    
E Factor Network
nancy.olvera (at) efactornetwork (dot) com

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

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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