PrimeRevenue Customer OTTO GROUP Shortlisted in 2023 Working Capital Awards
By 3 minute read• Published November 14, 2023 •
PrimeRevenue Releases Report Offering the Supplier Perspective on Economic Disruptions
Otto Group Shortlisted in Best Use of Supply Chain Finance Category, For Its PrimeRevenue-Led Supply Chain Finance Program; Additional PrimeRevenue Collaborators Named to Shortlist
Atlanta, GA (November 14, 2023)—PrimeRevenue is pleased to share the news that PrimeRevenue customer Otto Group, one of the world’s largest e-commerce retailers, has been named to the shortlist in the 2023 Working Capital Awards. Otto Group is shortlisted in the category of Best Use of Supply Chain Finance, due to the successes of its PrimeRevenue-led supply chain finance program.
Through economic uncertainty and volatility, PrimeRevenue has helped Otto Group improve cash flow management, optimize working capital and tackle regulatory challenges. A crucial factor for success has been PrimeRevenue’s ability to help Otto Group overcome the regulatory hurdles which are present in the Bangladeshi business landscape. The program has proven instrumental for Otto Group and its suppliers, allowing all parties to move swiftly towards sustained growth and a strengthened supply chain.
Additional shortlisted companies include AGCO (for its accomplishments from working with MUFG, a PrimeRevenue partner) and Omnia (for its accomplishments from working with Addendum, also a PrimeRevenue partner).
Winners will be announced at an awards dinner and drinks reception held at the Sofitel Grand Hotel in central Amsterdam on November 27, the evening before Working Capital Forum Europe. PrimeRevenue will be in attendance.
PrimeRevenue’s supply chain finance solutions help organizations in 90+ countries optimize their working capital to efficiently fund strategic initiatives, gain a competitive advantage and strengthen relationships throughout the supply chain. As the leading provider of working capital financial technology solutions, PrimeRevenue’s diverse multi-funder platform processes more than USD$300 billion in payment transactions per year. The company is headquartered in Atlanta, with offices in London, Prague, Hong Kong and Melbourne. Additional information about PrimeRevenue can be found at www.primerevenue.com | Twitter: @primerevenue | LinkedIn: www.linkedin.com/company/primerevenue.