PrimeRevenue’s Supply Chain Finance (SCF) solution addresses financial flow inefficiencies by connecting trading partners and financial institutions to a common view of future-dated financial settlement. This permits trading partners to reduce excess working capital and expense caused by financial settlement uncertainty and allows Financial Institutions to provide on-demand, efficiently priced working capital finance to Suppliers.

How it Works

The Buyer uploads approved invoice data (its payables), for Supplier it selects, from its Accounts Payable system to the PrimeRevenue SCF Platform™ automatically via a secure technical connection. At any time, the Supplier is able to visit the SCF Platform via a web browser to view the amount and exact payment date of each of its receivables due from Buyer. The Supplier may elect to wait for payment on the published maturity date. Or the Supplier may sell or trade these receivables to a PrimeRevenue Financial Institution Partner for advance payment. If traded before maturity, funds are transferred electronically to the Supplier’s bank account the next business day. As rates are based on the Buyer’s credit rating, investment-grade Buyers may offer very attractive financing for non-investment grade Suppliers.

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.