PrimeRevenue Receives Best Supply Chain Finance Company Award

Filed in archive Best practice on February 9, 2009

PrimeRevenue, the provider of supply chain finance solutions, announced last week that it has been named Best Supply Chain Finance Company by Financial-i Magazine. PrimeRevenue was selected as part of the publication's 2008 Leaders in Innovation Awards within the Treasury and FX category.

"The Financial-i Leaders in Innovation Awards recognize banks and software and hardware vendors who demonstrate an ongoing commitment to innovation and are shaping the delivery of business solutions in wholesale transaction banking," said Anita Hawser, editor of Financial-i. PrimeRevenue was selected as Best Supply Chain Finance Company based on its ability to provide solutions that are bank-independent, easy to use and offered in a software as a service model to reduce cost and implementation timeframes.

According to the advisory panel that selected award winners, "PrimeRevenue's solution offers an easy entry to financial institutions looking to support their clients' working capital needs. Leveraging the visibility provided on a shared platform offers banks an opportunity to re-intermediate themselves into their clients' global and domestic commercial activities without having to build a platform from scratch."

PrimeRevenue provides a web-based Supply Chain Finance Platform that connects Buyers, Suppliers, and selected Financial Institutions in a collaborative approach to working capital management. Buyers and Suppliers can take advantage of improved financial supply chain visibility, working capital improvements and increased cash liquidity, while reducing payment processing costs and fees.