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PrimeRevenue launches a new educational website, www.supplierfinancing.org. The site was developed to provide corporations with vital information regarding the supply chain finance initiatives launched and promoted by the UK, US and Dutch governments. The launch of the website comes in the midst of active discussions concerning many government initiatives that call upon large organizations to support small business by paying them early and/or offering them attractive financing solutions. By paying their suppliers early, companies can increase their cash flow and support their own going growth. Through the website, companies are able to access valuable information about each supplier finance initiative and learn how to improve working capital through shared best practices that benefit buyers and suppliers alike. PrimeRevenue was selected as one of the top supplier finance provider by the Supply Chain Finance Community and will highlight the benefits of its solution for Dutch corporations and their suppliers at the third annual Supply Chain Finance Community Forum. During this event, to be held on Wednesday, November 18th in Beurs Van Berlage, Amsterdam, attendees will learn more about The Pay Me Now initiative, introduced by the Dutch Ministry of Economic Affairs in 2014. The goal of the Dutch initiative, which is similar to initiatives introduced by the UK and US governments, is to strengthen small and medium sized enterprises (SMEs) by encouraging supplier financing solutions. These three initiatives all work to improve the financing options of companies and give them access to the working capital they need for growth. PrimeRevenue, one of the few providers that support small and medium-sized businesses has been working with government and their Early Payment Programs for suppliers since 2012. In the past, PrimeRevenue supported the UK government with their Supply Chain Finance initiatives and is part of the upcoming British Banking Association initiative launching November 2015, focusing on helping SME companies to get at tractive financing.
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Published November 18, 2015