September 26, 2012
Brian Medley, PrimeRevenue Inc. strategic account executive, delivered a presentation on ways the PrimeRevenue OpenSCi™ solution helps Buyers and their Suppliers achieve urgent working capital strategies and objectives while mitigating risks in their financial supply chain. Mr. Medley’s presentation was part of the Georgia CEO Forum, an event facilitated by Andy Helm and Rob Ginn of the Georgia Tech Enterprise Innovation Institute and held on September 18, 2012 at Smithgall Woods State Park in Helen, Georgia, USA.
A monthly event now in its 4th year, the Georgia CEO Forum reunites CEOs of growing manufacturing companies in the Southeast. Some of the issues covered in a round-table format include managing personnel, optimizing cash flow, raising capital, and increasing sales. Mr. Medley’s presentation included an overview of SCF and highlighted ways PrimeRevenue’s OpenSCi™ SCF platform helps corporations improve supplier relationships.
“The PrimeRevenue SCiSupplier™ solution offers Suppliers payment visibility and certainty regarding their approved receivables delivering on-demand access to cash at a time when mere access to liquidity is constrained,” said Brian Medley, PrimeRevenue Inc. strategic account executive. “Suppliers who participate in their Buyer’s program can choose to receive cash from 100% of the value on any of their approved receivables with financing rates based on the Buyer’s credit rating, and on the only SCF platform that is supported globally by multiple funding institutions. In time, Suppliers not only improve cash positions but also potentially lower debt and qualify for better terms from Buyers and FIs,” concluded Mr. Medley.
About PrimeRevenue, Inc.
For Global 2000 organizations who view their supply chains as a strategic asset and are seeking to increase supply chain efficiency, PrimeRevenue is the leading provider of multi-bank Supply Chain Finance (SCF) technology and services. The PrimeRevenue OpenSCi™ SCF platform and working capital advisory services provide these organizations with the control and flexibility required to drive superior SCF results, reducing cost and capital risk throughout their supply chains and forging stronger supplier relationships. Headquartered in Atlanta, Georgia, USA, PrimeRevenue also has offices in London, Paris, and Prague in Europe, as well as in Melbourne, Australia, and Hong Kong SAR, and operates some of the largest SCF programs for customers around the globe. For more information, visit http://www.primerevenue.com
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