Today, our OpenSCiTM platform is the largest marketplace for supply chain finance solutions in the world used actively by more than 12,000 companies and supported by 40 financial institutions. ~ Eric Riddle
Atlanta, GA (PRWEB) May 13, 2013
PrimeRevenue Inc., the leading platform for global supply chain finance (SCF), today announced that Eric Riddle, vice president and general manager, Europe, will participate to a panel entitled “What more needs to be done to increase the use of cross-border supply chain finance across Europe?”. The panel will be part of the 10th Annual Europe Trade & Supply Chain Finance Conference organized by Exporta and held at the Radisson Blu Hotel in Hamburg, Germany, on May 22-23. The conference highlights the importance of regional and international trade flows and the latest market developments in supply chain finance.
European economies remain still heavily affected by volatility, credit risk, and liquidity constraints. As a consequence, working capital management and cash flow forecasting are at the top of the agenda for many corporates and their trading partners. Supply chain finance solutions provide relief by allowing Buyers to implement strategic working capital strategies and increase their cash flow substantially while supporting their strategic Suppliers in obtaining short payment terms at very attractive financing conditions. As a result, supply chain finance offers the formula for succeeding in today’s intensely competitive markets and is implemented by an increasing number of leading organizations.
“Cash has become an expensive resource that is difficult to obtain in Europe,” said Eric Riddle, vice president and general manager, Europe. “Supply chain finance improves the financial efficiency of the supply chain bringing significant cash flow benefits to both Buyers and Suppliers. Today, our OpenSCiTM platform is the largest marketplace for supply chain finance solutions in the world used actively by more than 12,000 companies and supported by 40 financial institutions,” added Riddle.
About PrimeRevenue, Inc.
For organizations who view their supply chains as a strategic asset and are seeking to increase supply chain efficiency, PrimeRevenue is the answer. Providing cash flows to more than 12,000 buyers and suppliers through the OpenSCi™ platform with the control and flexibility required to drive superior results and reduce 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 website below.
Original post: http://primerevenue.com/