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Company News
PrimeRevenue Named Best Supply Chain Finance Company
Selected by Financial-i Magazine for 2008 Leaders in Innovation Award
ATLANTA, GA, February 6, 2009 – PrimeRevenue, the leading provider of supply chain finance solutions, today announced that it has been named Best Supply Chain Finance Company by Financial-i Magazine. PrimeRevenue was selected as part of the publication’s 2008 Leaders in Innovation Awards within the Treasury and FX category.
"The Financial-i Leaders in Innovation Awards recognize banks and software and hardware vendors who demonstrate an ongoing commitment to innovation and are shaping the delivery of business solutions in wholesale transaction banking," said Anita Hawser, editor of Financial-i. PrimeRevenue was selected as Best Supply Chain Finance Company based on its ability to provide solutions that are bank-independent, easy to use and offered in a software as a service model to reduce cost and implementation timeframes.
According to the advisory panel that selected award winners, “PrimeRevenue’s solution offers an easy entry to financial institutions looking to support their clients’ working capital needs. Leveraging the visibility provided on a shared platform offers banks an opportunity to re-intermediate themselves into their clients’ global and domestic commercial activities without having to build a platform from scratch.”
PrimeRevenue provides a web-based Supply Chain Finance Platform that connects Buyers, Suppliers, and selected Financial Institutions in a collaborative approach to working capital management. Buyers and Suppliers can take advantage of improved financial supply chain visibility, working capital improvements and increased cash liquidity, while reducing payment processing costs and fees.
“Large corporations around the world are very focused on reducing working capital and mitigating financial risk in their supply chain,” said Joe Juliano, PrimeRevenue’s CEO. “PrimeRevenue, unlike any other company or financial institution in the market today, is uniquely positioned to provide immediate, impactful results, and we are excited to be recognized by Financial-i. It is a tribute to the dramatic results we’ve provided our customers and their global supply chains.”
About Financial-i Leaders in Innovation Awards
The awards identify innovation leaders across wholesale transaction banking in categories encompassing:
- Securities services
- Treasury & FX
- Network services
- Data management
- Risk management
Companies were short listed based on research conducted by Financial-i’s team of journalists, including input from analyst firms. Short-listed companies were presented to an advisory panel comprising industry analysts and thought leaders. Their feedback was then used to help decide winners and companies to watch in each category.
About PrimeRevenue, Inc.
PrimeRevenue's leading global Supply Chain Finance (SCF) platform and solutions enable dramatic new working capital efficiencies for the benefit of buyers and their suppliers. PrimeRevenue achieves this through the delivery of secure, robust, industry-leading technology, a global community of the world’s most innovative financial institutions and partners, and flexible working capital solutions and advice. Companies are relying on SCF deployments powered by PrimeRevenue to increase profitability, remove risk from their supply chain, and forge stronger trading partner relationships. Headquartered in Atlanta, Georgia, PrimeRevenue has offices and customers throughout the world. For more information, visit www.primerevenue.com.
MEDIA CONTACTS:
Pete Arnold
Pete Arnold Associates
+1 (781) 239-1030
parnold@parnold.com
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