Atlanta, GA (PRWEB) September 10, 2012
Eugene Buckley, PrimeRevenue Inc. vice president of sales and general manager for Asia Pacific, participated in a panel discussion addressing the growing interest of Corporates and Financial Institutions in supply chain finance (SCF) solutions following the Eurozone debt crisis. The panel was part of Exporta’s Asia Trade Finance Week event which took place on September 3-5, 2012, in Singapore, Asia.
With increased focus on risk management, cost reduction, liquidity, and working capital optimization, Corporates are adopting a holistic view of financial supply chain management. Titled “Achieving Supply Chain Evolution across Asia,” the panel addressed ways Corporates can use SCF solutions to foster supply chain integration and control cash flow, manage payments, and enhance working capital efficiency while facing the current increase in market volatility coupled with the banks’ reduced lending capacity.
“It is evident that bank lines of credit and access to credit and working capital facilities are still being carefully managed and the ability to offer a multibank SCF solution to Corporates is a more flexible and viable way in which to speed cash flow in supply chains,” said Eugene Buckley, vice president of sales and general manager for Asia Pacific. “Corporate clients are looking for tailored solutions instead of standard, off-the-shelf products to meet their treasury needs. The PrimeRevenue OpenSCi™ solution allows our clients to control all aspects of their SCF programs and gives them the flexibility to customize their SCF approach for different parts of their supply chains, while our multi-bank offering solves the problems associated with closed, bank-proprietary solutions including cross-nation boundaries, multiple currencies, and multiple languages, all addressed through one standard set of legal infrastructure,” concluded Buckley.
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