Supply Chain Finance
Provides Significant Benefits According to New AberdeenGroup
Report Sponsored by PrimeRevenue
ATLANTA, GA, May 18, 2006 —
PrimeRevenue, Inc., the leading provider of Supply Chain Finance
(SCF) solutions, today announced the availability of AberdeenGroup’s
newly published report, “New Paradigm Supply Chain Finance
Offerings Compel CFO and Treasury Interest in the Supply Chain.”
The report reveals how SCF offers Global 2000 companies a
compelling opportunity to improve margins, reduce working
capital and improve supplier relations by extending supply
chain management principles from product and information flows
to financial flows.
According to the report, SCF reduces uncertainty and variability
in the financial flows, thereby reducing cost, capital and
risk for all trading partners. The report finds the magnitude
of potential gains from SCF is staggering. Financial costs
associated with products moving through the supply chain comprise
4% of finished good costs (the same size as transportation
and distribution costs).
“Supply chain finance provides a unique opportunity
for finance and procurement professionals to provide significant
and measurable bottom line benefits to their organizations,”
said Lalig Musserian, research director of financial value
chain management and co-author of the report.
"One of the key components in making an SCF initiative
successful is implementing a robust, flexible solution,"
said Joseph Juliano, PrimeRevenue’s CEO. “PrimeRevenue’s
Supply Chain Finance Platform™ connects Buyers, Suppliers
and Financial Institutions via a secure, Web-based, on-demand
solution to improve working capital efficiency and reduce
supply chain costs.”
The report also discusses:
- How to address the root causes of financial flow inefficiency
- How formal supply chain financing compares with early
payments discounts
- How to make a successful SCF initiative work
To obtain a copy of the report, click here.
About PrimeRevenue, Inc.
PrimeRevenue is a supply chain financial services company
that provides automated Supplier Finance, Payables Presentment
and Financial Settlement services to Global 2000 organizations
and their Suppliers. When PrimeRevenue is part of an organization’s
financial supply chain strategy, costs throughout the supply
chain are reduced, working capital efficiency improved and
Supplier relationships enhanced. Headquartered in Atlanta,
Georgia, PrimeRevenue has offices and customers throughout
the world. For more information on PrimeRevenue, visit www.primerevenue.com.
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