PrimeRevenue and Big Lots Broadcast the Benefits of SCF for Suppliers

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In Atlanta Business Radio Interview, Leading Supply Chain Finance Provider Discusses Helping Large Retailer Enhance Supplier Relationships

PJ Bain, CEO of PrimeRevenue, Inc., a leading supply chain finance (SCF) provider, and Jared Poff, vice president and treasurer for Big Lots, Inc., a Fortune 500 retail corporation, were interviewed by Atlanta Business RadioX™ on September 13, 2012. The interview addressed ways Big Lots uses the PrimeRevenue OpenSCi™ solution to support its global supplier community.

Big Lots, North America’s largest broadline closeout retailer uses the PrimeRevenue SciSupplier™ solution to provide liquidity to its Suppliers and offer them credit protection and online visibility into their approved receivables. “Making sure that we have ample sources of liquidity from multiple credit-worthy sources and providers is something that has become ever more important,” said Jared Poff, vice president and treasurer, Big Lots, Inc., commenting on the effects of the current liquidity shortages and previous banking crises. “PrimeRevenue is a key liquidity facility to many of our vendors and has allowed us to improve the relationship with Suppliers,” added Mr. Poff in reference to PrimeRevenue’s multi-bank OpenSCi™ SCF platform which solves the problems associated with bank-proprietary solutions including cross-nation boundaries and multiple currencies.

“We want to make it very easy to do business with us,” said PJ Bain, PrimeRevenue CEO. “We have the best people in the world helping our Buyer customers enhance relationships with their worldwide Suppliers,” added Bain.

“PrimeRevenue has helped us tremendously in growing our import area,” said Mr. Poff. “I have never been shy to let people know what a great job PrimeRevenue has done in helping us put together a solution that works with our Banks and for our Suppliers. Most importantly, as we evolve our systems, with a bank proprietary program it would be very hard to achieve the same front-end plug-and-play seamless integration as with PrimeRevenue’s end-to-end solution,” concluded Mr. Poff.

About Big Lots, Inc.
Big Lots is North America's largest broadline closeout retailer. As of the end of the second quarter of fiscal 2012, we operated 1,463 BIG LOTS stores in the 48 contiguous United States and 81 LIQUIDATION WORLD and LW stores in Canada. Wholesale operations are conducted through BIG LOTS WHOLESALE, CONSOLIDATED INTERNATIONAL, and WISCONSIN TOY and with online sales at http://www.biglotswholesale.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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