The PrimeRevenue SCF Platform

PrimeRevenue’s Supply Chain Finance (SCF) Platform links trading partners (Buyers and their Suppliers) and Financial Institutions to a common network. Through the SCF Platform, Buyers upload approved invoices (their payables) for payment at a future date. Their Suppliers can view their receivables, and may choose to trade receivables they choose for early payment, less a low financing fee based on the Buyer's credit rating. Participating FIs fund the early payment requests.

How it Works

The Buyer uploads approved invoice data (its payables, as well as any applicable payment offsets such as Credit/Debit Memos) relating to Suppliers pre-enabled on the SCF Platform. At any time, the Supplier is able to log on the SCF Platform via web browser to see the amount and exact payment date of each of its receivables due from Buyer. The Supplier may do nothing, and funds will settle directly in the Supplier's bank account on the published maturity date. Or the Supplier may sell or 'trade' these receivables to a PrimeRevenue Financial Institution Partner in return for advance payment. If traded before maturity, 100% of funds, less a low financing fee based on the Buyer's credit rating, are transferred electronically to the Supplier’s bank account. In most cases, funds settle in the Supplier's bank account on the next business day. Since funds from the FI are advanced based on the Buyer's promise to pay on the original maturity date, financing rates are based on Buyer risk, not the supplier's, hence why financing rates are based on the Buyer’s credit rating.

Suppliers may choose to receive cash for any (or all) of these receivables at any point up until the original maturity date. They may choose to discount individual receivables rather than an arbitrary bundle or simply wait to receive full payment electronically at the end of the receivable term. A Supplier only pays a funding fee if it chooses to discount the receivable early.