Supplying you with all things supply chain finance.

Since the 1990s, the concept of nearshoring has steadily made its way into the strategic playbook of businesses. Initially, it emerged as an appealing alternative to traditional outsourcing and a solution for the challenges encountered, such as diminished quality and agility.

For over a decade, the European Union has attempted to use the legislative process to curb late payments for B2B transactions, and with good intention. Late payments account for a significant portion of all payments processed, and the impact on suppliers – particularly small and mid-sized businesses – is undeniably negative.

There is an undercurrent of excitement here at PrimeRevenue as we usher in 2024. As a leader in supply chain finance for the last two decades, we are always finding new ways to enhance the value we deliver to our customers.

Over the last several years, those of us in the trade finance industry have witnessed a shift in how procurement teams perceive working capital initiatives and supply chain finance programs. Traditionally, initiatives to generate cash have been viewed as a mechanism primarily focused on serving the interests of treasury and finance departments.

Otto Group shortlisted in Best Use of Supply Chain Finance Category for its PrimeRevenue-led SCF program.

The collaboration marks an enhancement of Fifth Third’s supply chain finance and trade payables solutions, which empower businesses to unlock otherwise untapped capital and cash flow.