SCiCustomer is PrimeRevenue’s cloud-enabled selective receivables finance solution that enables companies to sell their receivables from selected customers to a third-party financial institution for early payment.
Some common features of a SCiCustomer selective receivables program are:
- Trades are considered “true sale”
- Programs can be complex in nature, spanning multiple seller entities, obligors and currencies
- PrimeRevenue provides a funding marketplace to source appropriate liquidty
Traditional bank-led receivables finance programs are typically validated manually and executed with spreadsheets over email. SCiCustomer automates the validation process, provides visibility into all historical invoice data, reduces errors in rate calculations, and provides reporting capabilities and email notifications on program activity.