Atlanta, GA (PRWEB) April 29, 2013
Atlanta, GA, April 29, 2013 – Matt Doorley, PrimeRevenue vice president and general manager for the Americas Region delivered a key presentation on how companies improve their cash flows by focusing both sides of their supply chain in order to improve their working capital and financial metrics. The presentation titled “How Supply Chain Finance is becoming a Strategic Lever for Working Capital Improvement,” and co-presented by Brian Medley, PrimeRevenue strategic account executive was part of Minnesota AFP’s 31st Annual Conference held by the Minnesota Association for Financial Professionals at the Saint Paul River Centre in St. Paul, Minnesota on April 23.
PrimeRevenue highlighted that global organizations routinely invest large amounts of money in research and development to deliver the best products and services at the lowest price in order to gain a competitive advantage. While the latest technology and lowest cost are very important, there is a new secret weapon that many corporates overlook: their Supply Chain.
In today’s challenging market environment active cooperation in supply chains is one of the key success factors for a company. However, cooperation with trading partners often focuses mainly on the physical chain, with little regard for the financial aspects. This view has dramatically changed during the last years: financial cooperation is starting to receive strong attention in the market place. Today’s competition is no longer between companies themselves, but rather between global financial supply chains.
PrimeRevenue’s workshop highlighted ways supply chain finance gives buying organization’s the control and flexibility required to unlock important cash trapped in their supply chains, while offering their supplier community a reliable source of liquidity. “Liquidity is at a premium today. It is highly valued by companies of all sizes, which have been reminded that ‘cash is king’ by the recent economic crisis, and caused them to note the resulting funding caution of financial institutions. The net effect is that working capital is of great importance,” said Matt Doorley, PrimeRevenue vice president and general manager for the Americas region.
“The implications of this situation may vary by region, industry and size of company, added Brian Medley, Prime Revenue strategic account executive, however, in all cases working capital is once again a competitive asset, and financing through an independent funding platform such as PrimeRevenue OpenSCi™ is a critical tool in ensuring the robustness and viability of global supply chains.”
“The PrimeRevenue OpenSCi™ platform allows Buyers to maintain a stable supply chain and ensures increased cash flows with a reliable funding stream. With 40 active funders financing on OpenSCi™ today, the platform is the largest marketplace for buyers and suppliers of all sizes, industries and countries, and improving cash flows in their supply chains without being exposed to the risks of having only one single funding partner,” concluded Matt Doorley.
About PrimeRevenue, Inc.
For organizations who view their supply chains as a strategic asset and are seeking to increase supply chain efficiency, the PrimeRevenue OpenSCi™ platform provides cash flows to more than 12,000 buyers and suppliers with the control and flexibility required to drive superior results while reducing cost and capital risk throughout their financial supply chains. Headquartered in Atlanta, Georgia, USA, PrimeRevenue also has offices in London, Paris, Frankfurt and Prague in Europe, as well as in Melbourne, Australia, and Hong Kong SAR, and operates some the largest supply chain finance programs for clients around the globe. For more information or to contact us, please visit http://www.primerevenue.com
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