PrimeRevenue has developed a comprehensive, end-to-end implementation program for Buyer and Supplier rollout: the PrimeRevenue Enablement Process, or PREP.

Tailored to deliver the most successful implementation process possible, PREP is specifically designed to educate and ensure a high supplier adoption rate, regardless of supplier size, industry or location.

The phases of the PREP program include:

• Planning. We work closely with our clients to define the Quantifiable Business Objectives (QBOs) for the entire program. QBOs serve as benchmarks to gauge the success of the overall program. Examples of QBOs include the number of Suppliers that will be initially targeted, the expected trading volume, the estimated percent of spend, etc.

• Supplier Recruitment. This phase focuses on attaining high user adoption rates. We employ various methods for Supplier outreach, including virtual conferences, in-person meetings and targeted electronic or traditional communications.

• Implementation – In this phase we set up all the program parameters, including payment processing configuration, user setup, and fees and interest calculations. In addition, we conduct comprehensive end-to-end process testing from payment obligation upload through settlement. We also provide all participants with complete training on the system.

• Execution. The "go live" phase. Live payables are uploaded and both Buyers and Suppliers can view real-time information, such as the current status of an invoice.

• Extension. Working with our clients, we will expand the program to target additional Suppliers, add additional classes of payables, etc.