Corporate Finance News / Quotidien

Vendredi 30 Janvier 2015

PrimeRevenue Inc. Recognized as Best in the World by Global Finance Magazine

Wins two Awards for Running the World’s Largest and Most Successful Supplier Finance Programs

PrimeRevenue, Inc., the global leader in supplier financing, was named the Best Global Supply Chain Finance Provider by Global Finance magazine for the sixth consecutive year. PrimeRevenue was also named the Best Web-Based Supply Chain Finance Solution.

Global Finance magazine announced its eighth annual rankings in an exclusive survey to be published in the February 2015 issue. The award winners were revealed recently at the BAFT Europe Bank to Bank Forum in Amsterdam. Factors considered include market share and global coverage, product innovation, customer service, technology, execution skills and client-specific implementations.

“Geopolitical risk has continued to rise over the past year—affecting some key basic commodities and manufacturing hubs. This highlights the critical importance of having and maintaining a secure supply chain,” said Joseph Giarraputo, publisher and editorial director of Global Finance. “One key element of this is ensuring that suppliers have the funding they need in order to operate effectively and efficiently. With these awards, we highlight those providers that are best helping clients to achieve this goal.”

The innovative early payment and supplier financing solutions offered by PrimeRevenue lead the industry, working with corporations to support thousands of suppliers worldwide while generating substantial benefits for the buyers. PrimeRevenue continues to lead the way by partnering with governments worldwide to create initiatives to strengthen supply chains.

“Business growth is driven by cash flow, yet many companies lack the tools to free up the working capital trapped in payables and receivables up and down their supply chain,” said PJ Bain, PrimeRevenue CEO. “We are delighted to be recognized as the world leader in supplier finance once again and look forward to continued growth.”

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 17,000 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 Cape Town, Frankfurt, Hong Kong, London, Melbourne, Monterrey, Paris and Prague. PrimeRevenue operates some of the largest supply chain finance programs for clients around the globe.

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