The new paradigm in supply chain finance centers on the rapid deployment of programs managed by open platform providers that provide multiple funding sources for corporations while preserving customer standardization ~ Oliver Belin, PrimeRevenue, Inc.
Atlanta, GA (PRWEB) October 29, 2014
PrimeRevenue, Inc., the largest bank-independent platform for optimizing cash flow and working capital in global financial supply chains, announced today that Oliver Belin, Marketing Director, participated in a panel titled “De-risking the supply chain.” The panel was part of the third Supply Chain Financing Summit organized by the International Chamber of Commerce (ICC) and held at the Maison des Arts et Métiers in Paris on October 22 - 23.
Innovations in working capital solutions are vital in the current economic climate. With companies and suppliers under conflicting pressures to improve payment terms, reduce prices and improve cash flow efficiencies, ICC’s flagship event provided valuable insights about the forces driving change in trade and supply chain finance focusing the establishment of financial solutions that enable corporates to maintain a resilient supply chain. The best supply chain finance conference in the market, the event reunited major market players discussing relevant developments in this space.
“Supply chain finance has been widely described as a method to help reduce inefficiencies and mitigate financial risks in the supply chain,” said Oliver Marketing Director, PrimeRevenue, Inc. “However, many market participants argue that the use of a single, proprietary banking platform is not completely addressing these issues. In fact, the recent financial crisis has proven to be a reminder of the importance of ensuring multiple sources of liquidity and avoiding over-reliance on any single bank for funding,” added Belin.
“The new paradigm in supply chain finance centers on the rapid deployment of programs managed by open platform providers that provide multiple funding sources for corporations while preserving customer standardization. When financing your supply chain, it is critical to have the ability to de-risk funding and ensure its continuity in order to achieve strategic working capital objectives. Using a multibank funding structure, such as PrimeRevenue’s, is the best way to de-risk your supplier finance program,” concluded Belin.
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 15,000 clients through its OpenSCi suite which offers the control and flexibility required by organizations to optimize their working capital as well as reduce costs and risks throughout the financial supply chain. Headquartered in Atlanta, PrimeRevenue also has offices in London, Frankfurt, Prague, Melbourne, and Hong Kong. PrimeRevenue operates some of the largest supply chain finance programs for clients around the globe. For more information or to contact us, please visit http://www.primerevenue.com