Control and Visibility of Payment Terms, Optimizing Working Capital for Business
At PrimeRevenue, our leadership team understands that optimizing working capital isn’t just about increasing payment terms, it encompasses all of the following as well:
- Understanding cash flow opportunities that are hidden in your spend
- Designing different payment term strategies on an individual supplier basis
- Providing uniform cash flow opportunities to your suppliers while reducing risk
- Having access to a multi-bank funding platform that is scalable, secure and global in coverage
You can achieve all of this with our OpenSCi solution. Through exhaustive spend analysis, empowerment of your internal treasury and procurement teams as well as the capability to quickly and successfully onboard suppliers around the globe, we can help your company achieve their working capital and cash flow goals.
Analyzing Your Spend
Upload your spend data to SCiMap. We classify transactions according to industry standards and enrich it with our primary market intelligence. SCiMap will provide you with a comprehensive, insightful analysis of your spend by presenting a detailed dashboard of cash flow strategies and goals by standardizing payment terms across supplier segments based on industry, country, competition and many other aspects.
Financing Your Supply Chain
Based on the spend analysis and cash flow that we have identified in your supply chain, you can increase your payment terms accordingly, while simultaneously allowing your suppliers to get paid earlier. With SCiSupplier, you have the choice to fund your supply chain yourself or use one or more funders from our 40 financial institutions active on OpenSCi. As result, your supply chain finance program is not limited in terms of jurisdictions and currencies.
Help your procurement team to communicate and educate your suppliers about supply chain financing. SCiEnable delivers supply chain finance education and supplier onboarding on-demand. Our solution helps you to bring your trading partners into your supplier financing program as fast as possible. SCiEnable is available in multiple languages and fully customizable with the look and messaging you provide from your own organization.
For more information on how OpenSCi can optimize your working capital, please contact us today.