PrimeRevenue Partners with OpusCapita to Provide Supply Chain Finance Solutions in the Nordics

PrimeRevenue partners with the leading provider of Purchase-to-Pay and Order-to-Cash services, OpusCapita, to provide supply chain finance solutions in the Nordics

While supply chain finance programs are now commonly used in the U.S. and the U.K., these powerful solutions are just now gaining popularity across central Europe and in other parts of the world. In the Nordics, for example, supply chain finance is still a new and quite unknown solution. However, that is about to change.

A new strategic partnership forged between PrimeRevenue and Finland-based OpusCapita marks the launch of the first major supply chain finance program in the Nordic region. This partnership addresses a long-standing need between Nordic corporations and suppliers, and will offer working capital financing solutions that are much different and much more flexible than what is available in the current market.

The concept behind supply chain finance is not new in Nordic countries. In fact, many major corporations already extend payment terms to suppliers as a matter of standard practice. The new partnership, however, provides corporations with the ability to extend terms even further using PrimeRevenue’s global platform for processing supply chain solutions financed by bank and non-bank funders. These solutions will allow buying organizations to optimize payment terms to suppliers and improve working capital. At the same time it will provide suppliers with the option to receive early payment most times within a few days with attractive financing rates based on buyer credit worthiness.

In the Netherlands, there’s an estimated 25 billion euros worth of working capital stuck in the supply chain, most of which is sitting in receivables waiting to be paid. An effective supply chain finance program could free a good chunk of this cash and provide much needed liquidity for suppliers, allowing opportunity for smaller businesses to grow and medium sized corporations to flourish.

PrimeRevenue is the leading global provider of multi-bank supply chain finance technology and services. OpusCapita, which is part of the Posti Group Corporation, sets the new standard for financial processes such as Purchase-to-Pay and Order-to-Cash processes that combine software, outsourcing and services.

Learn more about PrimeRevenue’s supply chain finance solutions.