With PrimeRevenue OpenSCi™, the open, multi-bank SCF solution, Buyers are able to achieve continuous improvement in Supply Chain Finance goals and objectives, including:
- Significant and ongoing working capital improvement
- Greater availability of Liquidity for SCF
- Standardize and harmonize payment terms
- Eliminate negative cash flow impact of term extensions on suppliers
- Improve AP efficiency and reduce AP costs
- Reduce costs with electronic payments (EFT)
- Provide suppliers EDI or real time electronic remittance information
- Reduce supplier payment inquiries through supplier payments portal
- Reduce risk in the supply chain
- Reduce supplier financing costs
- Reduce supplier working capital requirements/increase cash flow
- Help specific supplier groups
- Support low cost country sourcing
- Use excess cash profitably within the Supply Chain
- Flexibility in adjusting/shifting liquidity providers for SCF in real-time...
…and more
If you work with one bank for SCF you can become locked to their terms and limits. If you work with an SCF consulting firm you may only receive “one and done” advice. If you license from a software firm you may end up with just a technology/software product where you have to worry about revisions and compatibility with your Bank and your ERP system. PrimeRevenue OpenSCi™ is the only all-inclusive, fully integrated, end-to-end solution focused on ALL of the services and technology needed to achieve both your immediate SCF goals plus the new objectives you develop in the future.