Atlanta, GA (PRWEB) August 13, 2012
PrimeRevenue Inc., the leading SaaS platform for global Supply Chain Finance (SCF), today announced the release of Version 5.4.3 of its OpenSCi™ SCF platform. The Software goes into production for customers today and all new functionality is immediately available to the Buyers, Suppliers, and Financial Institutions that engage on the PrimeRevenue SCF platform.
While the new SCF software version delivers important upgrades for existing customers, several enhancements to the platform are in support of the Company’s expansion to Brazil. These include:
- The translation of the SCF platform into Brazilian Portuguese;
- Expanded ability to support Brazilian companies by incorporating interest accruals that follows local compounding conventions;
- Increased negative balance protection for credit memo processing.
“Version 5.4.3 of PrimeRevenue SCF will help us better serve our growing customer base,” said Raghu Rajah, chief technology officer, PrimeRevenue Inc. “With our expansion into the Brazilian market, it is imperative that we provide the SCF functionality that adheres to the regulatory requirements specific to this region. We also aim to deliver improved user experience for our entire customer base in order to achieve optimal efficiency, and, ultimately, satisfied customers,” concluded Rajah.
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