Atlanta, GA (PRWEB) April 28, 2014
PrimeRevenue, Inc., the solution provider for optimizing cash flow in global financial supply chains announced today that Matt Doorley, vice president and general manager for the Americas and Brian Medley, strategic account executive will deliver a key presentation on the role of Supply Chain Finance as a strategic working capital optimization tool. Titled “Supply Chain Finance: The New Battleground for Leading Organizations,” the presentation will be part of the Minnesota AFP’s 32nd Annual Conference held by the Association for Financial Professionals at the Saint Paul River Centre in St. Paul, Minnesota on April 29.
“Improving working capital for all parties in the supply chain is essential in today’s marketplace. Faced with increased cash flow requirements, corporations are looking for innovative solutions to minimize risk in their supply chain while injecting liquidity to boost growth,” said Matt Doorley, vice president and general manager for the Americas.
The overall goal of Supplier Finance is to optimize working capital throughout the end-to-end supply chain for both buyers and suppliers. The OpenSCiTM suite of applications enables buying organizations to generate operating cash flow while creating a true win-win situation for their entire supply chain with deeper and broader trading relationships. With payments made electronically often on the next business day, and with no transaction fees, working capital is reduced and cash flow is less constrained, enabling suppliers to reduce Days Sales Outstanding (DSO) and maintain a healthier balance sheet.
“We see strong demand for Supply Chain Finance from large buying organizations as well as their suppliers,” adds Doorley. “Thousands of companies from various industries have already implemented Supply Chain Finance programs with PrimeRevenue and achieved more than $100 Million in cash flow within a few months. Supplier Finance has emerged as the most popular solution for working capital management.”
About PrimeRevenue, Inc.
For organizations that view their supply chains as a strategic asset and are seeking to increase supply chain efficiency, PrimeRevenue has the answer. PrimeRevenue provides cash flow to more than 14,000 buyers and suppliers through its OpenSCi suite which offers the control and flexibility required by organizations to optimize their working capital and reduce costs and risks throughout the financial supply chain. Headquartered in Atlanta, PrimeRevenue also has offices in London, Paris, Frankfurt and Prague, as well as in Melbourne and Hong Kong, 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.