Oliver Belin Offers Solutions for Securing Funding in a Credit Constrained Environment

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PrimeRevenue Executive Highlights Benefits of Multibank SCF Platforms

Oliver Belin, PrimeRevenue Inc. business development executive for Europe, delivered a presentation at the 9th Trade & Supply Chain Finance Conference organized by Exporta Group in Amsterdam, The Netherlands, during 18-19 June, 2012. Concerns about the market environment resulting in reduction of credit limits were main topics discussed during Exporta’s flagship European gathering, which included large corporates such as Whirlpool, Akzo Nobel, and Ceva Logistics.

Oliver Belin’s presentation highlighted ways in which the PrimeRevenue OpenSCi™ solution offers worldwide Buyers and their Suppliers a global multibank approach with no restrictions related to jurisdictions or credit limits and enhanced impact on KPI goals. A case study was presented by PrimeRevenue’s client KPN Royal Dutch Telecom, one of the leading telecommunications firms in Europe, to highlight their experience and benefits of using PrimeRevenue’s platform and services. Pim van Bokhoven, senior business controller, KPN Royal Dutch Telecom, explained how KPN was facing a challenging situation when one of their funding partners in the supply chain finance program pulled out, and how PrimeRevenue’s multibank platform proved extremely useful in securing funding and ensuring business continuity. Mr. van Bokhoven also described the instrumental role that PrimeRevenue played in KPN’s working capital improvement and emphasized the ease of use and reliability of PrimeRevenue’s OpenSCi™ solution.

“Many corporates at this event expressed concerns about the exposure to their funding partners – the fact that bank funding is uncommitted and short term in a supply chain finance facility is a main reason of their financial insecurities” said Oliver Belin, business development executive for Europe. “The PrimeRevenue OpenSCi™ solution helps corporates improve supplier relations by reducing the risks of disruptions and by allowing both parties to achieve their supply chain objectives. Furthermore, our multi-banking model allows corporates to use multiple banks and funding institutions and keep their programs in place despite the challenging market environment in Europe,” added Belin.

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™ 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, Hong Kong SAR, and operates some of the largest SCF programs for customers around the globe. For more information, visit http://www.primerevenue.com
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Contact:
Oana Leventi-Perez
PrimeRevenue, Inc.
(o)+1-404-665-3768
(c)+1-678-368-2583
oleventiperez(at)primerevenue.com

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