PrimeRevenue Recognized By PayStream
Advisors For
Superior Supply Chain Finance Solutions
ATLANTA, GA, August 10, 2005 — PrimeRevenue,
Inc., an industry-leading provider of supply chain finance
solutions, today announced that PayStream Advisors, Inc.,
an independent research firm, has recognized its ability to
offer on-demand, supplier financing solutions that provide
optimum visibility and help maximize working capital efficiency.
PrimeRevenue’s solutions provide suppliers with the
option to receive early payment on any or all of their receivables
prior to the completion of the payment term while buyers have
the flexibility to either self-fund the transactions or use
the services of a financial institution. The end result is
a reduction in total supply chain costs as well as improved
working capital efficiencies, ultimately benefiting all supply
chain participants.
“PrimeRevenue shines in the area of supplier finance
allowing buyers to monetize early payment discounts while
offering suppliers a low-cost financing alternative,”
according to Sush Koka, Senior Research Analyst at PayStream
Advisors. “The combination of PrimeRevenue’s technology
and services makes it an excellent choice for organizations
seeking to accelerate cash conversion cycles and compress
working capital requirements. We are impressed with the company’s
evolving vision and solution functionality.”
“On-demand supply chain finance has proven successful
as Global 2000 organizations realize that becoming a low cost
customer to their suppliers improves working capital and trading
relationships for all participants,” said Joseph Juliano,
CEO, PrimeRevenue. “We fully anticipate the rapid acceptance
of PrimeRevenue’s solutions to continue revolutionizing
the way leading companies recognize value from their financial
supply chains.”
Additional information is available in the recently released
report titled, “Web
Invoicing & Electronic Payments: Moving Beyond Paper,”
by PayStream Advisors.
About PayStream Advisors, Inc.
PayStream Advisors is a technology research and consulting
firm that improves the way organizations plan, evaluate, and
select financial automation technologies to achieve their
business objectives. PayStream’s services are designed
to minimize the risk and maximize the value associated with
technology investments. PayStream assists clients in sorting
through the growing complexities of IT applications related
to financial automation with the goal of making objective,
analytical and actionable recommendations. Whenever financial
automation is an issue, PayStream Advisors is there to help.
For more information call (704) 523-7357 Ext. 225 or visit
our Web site at www.paystreamadvisors.com.
About PrimeRevenue, Inc.
PrimeRevenue is a supply chain financial services company
that provides automated Supply Chain 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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