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Superunie
August 2014 - beurs.nl

Superunie Introduces Supply Chain Finance

As of October 1st, 2014, Dutch buying group Superunie will offer selected suppliers the possibility to use supply chain finance as an attractive liquidity management tool. Operated by PrimeRevenue, the supply chain finance program gives Superunie's suppliers access to low cost funding to help them improve cash flow, reduce debt, and strengthen their financial position. Through the PrimeRevenue OpenSCi platform, suppliers to Superunie can choose to receive early payment on their approved invoices at very attractive funding rates. With payments made electronically, often on the next business day, and with no transaction fees, working capital requirements are reduced and cash flow is less constrained, enabling suppliers to maintain a healthier balance sheet.

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Oliver
June 2014 - The Paypers

Supply Chain Finance Reaches the Netherlands: The Next Financing Initiative Unveiled

Governments worldwide, including the Dutch Ministry of Economic Affiars recognise Supply Chain Finance (SCF) as a powerful solution to boost thier economies by injecting liquidity into the marketplace. The UK took a precursor role, introducing SCF to UK corporates in 2012. While the UK initiative has attracted strong interest from the public press, supply chain finance is not new to other governments. In the US, the Export-Import (EXIM) Bank provides credit guarantees for several key supply chain finance programs supporting industries such as automotive and aerospace for many years. A cross-regional initiative driven by the International Finance Corporation (IFC), a member of the World Bank, supports SCF programs with exporters in emerging markets. Considering these numerous ongoing initiatives, it is no surprise that the Dutch Ministry of Economic Affairs has started to carefully examine SCF solutions to enhance the liquidity and working capital of local companies.

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April 2014 - EBN

Supply Chain Finance: The New Electronics Battlefield

Globalization has raised the issue of global sourcing in every industry. As supply chains become more complex, the need for supply chain management intensifies. Pressures on working capital and long-term finance, as well as the need to reduce risk have led to a takeup of supply chain finance initiatives. There are few financial structures that can trully be said to create a win-win for both parties, but supply chain finance brings significant advantages to both buyers and suppliers. Read this interesting blog post authored by Oliver Belin to find out how leading corporations in the electronics industry use suppplier fiance to become more competitive and improve supplier relationships.

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March 2014 - GTR Magazine

Technology report: Into battle

As corporate demand for ever-larger supply chain finance programmes spanning several countries grows, the need for multiple banks to participate in such financings has become paramount. Third-party vendors have taken a lead in helping to resolve the challenges this presents by offering bank-neutral supply chain finance platforms that bring multiple banks together for large programmes. However, while many banks realise the value of participating in such deals, some also recognise a need to protect the investments they have made in their own proprietary technologies. This has given rise to further debate over whether – and when – bank-independent platforms or proprietary solutions are best suited to the job. The viability of this ‘one platform’ approach is however questioned by many third-party providers, which argue that the choice of technology should be up to the corporate buyer. “Some banks have invested in their own platforms, but what they should be doing is providing solutions based on the needs of the corporate clients they are working with,” says Kitt Carswell, senior offering manager, trade and supply chain at CGI.He adds that large corporates in particular often approach independent platform providers directly. “Many large corporates do not want to be dependent on one bank for a programme. They want to choose the banks they work with and be in control – they want to be in the driving seat.” Similarly, at PrimeRevenue, which offers its OpenSCi supply chain finance solution set directly to corporates, Bob Kramer, senior vice-president of working capital solutions, explains: “Banks can still use their technology in certain situations but their objective should be to meet client needs, not stick with a specific technology solution because they have invested in it.” However, he adds that a wider variety of partnership models are now being exploited by banks and independent platform providers, and that more specific bank and vendor partnerships are emerging.

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Latest Press Releases

  • August 2014

    Atlanta, GA, August 26, 2014 – PrimeRevenue, Inc., the leading platform for optimizing cash......Read More

  • June 2014

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  • May 2014

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  • May 2014

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  • May 2014

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  • April 2014

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  • April 2014

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  • April 2014

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  • April 2014

    “Considering the rising demand for trade finance solutions, there is a strong opportunity for......Read More

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