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Company News
PrimeRevenue, SCC Swiss Commercial Capital Partner to Assist Companies with Working Capital Initiatives
ATLANTA and ZURICH, March 12, 2009 – PrimeRevenue and Swiss Commercial Capital, leading providers of Supply Chain Finance solutions, have signed an agreement to jointly address the working capital needs that Global 2000 companies, their supply chains and distribution channels face in today’s volatile economic environment.
Swiss Commercial Capital is an arranger and service provider for trade and distribution finance solutions that assist global manufacturers and regional distributors alike in reducing risk, increasing liquidity, driving sales growth and lowering costs along the supply chain. Swiss Commercial Capital is focussed on cross-border receivable finance through its flexible and technically advanced processing engine as well as state-of-the-art web-based reporting systems.
PrimeRevenue, recently named Best Supply Chain Finance Company by Financial-i Magazine, provides a web-based Supply Chain Finance (SCF) platform that connects Buyers, Suppliers, and selected Financial Institutions in a collaborative approach to working capital management. The PrimeRevenue SCF platform helps companies reduce working capital, reduce supply chain risk and provide on-demand cash liquidity. The solution is offered in a software-as-a-service model to reduce costs and implementation timeframes.
“Swiss Commercial Capital helps corporations boost sales growth and streamline working capital by driving efficiencies and managing risk in the distribution channel,” said CEO Joe Juliano, PrimeRevenue. “Their team brings vast experience in trade finance which will help our joint clients successfully deploy international supply chain finance programs and meet working capital objectives in today’s challenging business environment.”
“We teamed up with PrimeRevenue in order to provide a fully comprehensive end-to-end supply chain finance offering for global corporations, encompassing both payable and receivable oriented facilities,” said CEO David Roberts, Swiss Commercial Capital. “PrimeRevenue is best of breed and a global solution; the company has a proven track record in this market and their collaborative approach fits our business model well.”
About Swiss Commercial Capital
Swiss Commercial Capital’s management team combines decades of financial experience in a variety of industrial sectors, technology and structured finance with a proven track record in the origination, structuring and execution of multi-billion dollar trade receivable financing programs. Focusing on global vendors seeking to drive value into their financial supply chains, Swiss Commercial Capital guides its clients with regard to credit control risk, allowing them to move safely into challenging markets while providing a competitive advantage through extended terms for buyers.
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 Software as a Service (SaaS) technology, a global community of the world’s most innovative financial institutions and partners, and flexible working capital solutions and advice. Bank Technology News named PrimeRevenue as a “Top 20 innovation in the past 20 years” Companies are relying on SCF deployments powered by PrimeRevenue to optimize working capital, 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:
Bob Kramer
+1 (678) 904-7103
PrimeRevenue
pr@primerevenue.com
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