|
Sainsbury's SCF Program Named Best Supply Chain Finance Deal of 2009
PrimeRevenue and RBS Deal Lauded by Global Trade Review
Atlanta – April 19, 2010 - PrimeRevenue's SCF implementation at Sainsbury's was recently selected as the best Supply Chain Finance (SCF) deal of 2009 by Global Trade Review magazine. The U.K.-based supermarket chain has annual sales of $30 Billion.
According to the Global Trade Review article, "The (Sainbury's) SCF financing programme is one of the largest to be created in the U.K. retail sector to date."
"We're extremely proud of our partnership with Royal Bank of Scotland and our SCF program with Sainsbury's," said P.J. Bain, PrimeRevenue CEO. "Through this partnership with RBS, we are able to provide Supply Chain Finance to Sainsbury's suppliers, building on the broader penetration of SCF within the retail sector which includes SCF deployments at leading retailers around the world such as Sainsbury's and Wal-Mart."
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 open platform Supply Chain Finance (SCF) technology and services. Our open SCF platform and working capital advisory services provide these organizations with the control and flexibility required to drive superior SCF results, reducing cost, capital and risk throughout their supply chains and forging stronger trading partner relationships. Headquartered in Atlanta, Georgia, USA, PrimeRevenue has offices and customers throughout the world. For more information, visit www.primerevenue.com.
###
Contact:
Emma Flack
PrimeRevenue
+1 678-904-7132
pr@primerevenue.com
|
