PrimeRevenue Improves Industry-Leading SCF Platform With New Release
Focus on functionality and enhanced scalability coincides with exceptional trading partner demand in 2007
ATLANTA, GA, March 13, 2007― PrimeRevenue, Inc., the leading provider of Supply Chain Finance (SCF) solutions, today announced the release of its next-generation PrimeRevenue SCF Platform™, which delivers new functionality related to payment offset information flows critical to retail, diversified manufacturing, high-tech and automotive markets.
"The release is a milestone achievement for our company," said Joseph Juliano, CEO, PrimeRevenue. “PrimeRevenue continues to set the pace in the growing SCF market in large part due to great technology made better, based on improvements built from the input of Global 2000 buyers, their suppliers, and financial institutions. We’re proud to offer our customers and partners enhanced services through PrimeRevenue’s expanded SCF platform.”
The PrimeRevenue SCF Platform™, now in its fourth major release, delivers a robust trade financing environment. In addition to payment offset functionality improvements, the upgrade boasts design enhancements to improve scalability, an easier-to-navigate user interface, and trading partner reserves capabilities. PrimeRevenue CIO Bill MacPhail added, “Our transaction volumes will increase ten-fold over current levels within the year, as we add new customers on both sides of the trading partner relationship. Changes to the platform now in production will more than meet the growing demand for our industry leading services. While getting this latest release in production is an exciting time for us, there is little time to celebrate. We have many new customer- and partner-driven enhancements that we are preparing for the next release.”
The new PrimeRevenue SCF Platform™ went live on March 5, 2007 to the existing PrimeRevenue trading partner community and partner accounts.
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 technology, a global community of the world’s most innovative financial institutions and partners, and flexible working capital solutions and advice. Companies are relying on SCF deployments powered by PrimeRevenue to increase profitability, 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.
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