Michelin and PrimeRevenue Jointly Recognized for Innovative, Highly Effective Supply Chain Finance Implementation

Global Finance Magazine Announces Prestigious World’s Best Supplier Finance Providers Awards for 2016

Michelin, the leading tire company, and PrimeRevenue, Inc., the global leader in working capital finance solutions, have jointly been awarded the Best Customer Implementation of a Supply Chain Financing Solution by Global Finance Magazine for 2016.

On track to become the largest supply chain finance program in the world, this multi-geography, multi-lingual and multi-currency program was executed in record time through a complete commitment of both teams. Michelin solidified its reputation as a global leader in supplier support, engagement and communication by delivering increased cash flow and payment flexibility, while paving the road for continued success.

“We felt that in PrimeRevenue we had a true advocate, a collaborative partner with the right people, the right solutions, and the right leadership to ensure a seamless implementation and outstanding results. We are now very confident in our ability to optimize our liquidity while at the same time providing considerable value to our supplier base,” said Mr. Bernard Gerardin, Finance Manager for Group Purchasing, Michelin Group.

“It’s an honor and privilege to receive this award,” commented PJ Bain CEO of PrimeRevenue. “This recognition is a testament to our ongoing commitment to support Michelin’s corporate goals.”

PrimeRevenue has more than 10 years of experience implementing supply chain finance solutions for some of the world’s most recognized brands. The Company’s multi-funding platform has become the standard in working capital finance offering clients and their suppliers the key success factors they need to optimize their financial supply chain.

Based in Clermont-Ferrand, France, Michelin Group is the world’s leading manufacturer and distributor of tire products. Founded in 1880, the Michelin Group maintains operations in more than 170 countries.