Home | Why We Do It | Buyer Benefits | Accounts Payable
   
  “The issue of working capital management is no longer confined to companies’ collections and payments departments. Instead, companies are beginning to realize the need for a more holistic approach to working capital that stretches across their entire financial supply chain.”

- PayStream Advisors

  

Improve Efficiencies and Lower Costs

PrimeRevenue solutions are ideal for improving Accounts Payable (AP) and administrative efficiency as well as lowering costs. Specific benefits to AP include:

  • Financial Settlement, One Account. As each invoice matures, Buyers simply send funds to one account – the program's clearing account. PrimeRevenue not only automates manual processes (such as remitting paper checks), but also significantly reduces AP processing and settlement charges, as there are no charges for vendor payments (other than typical EFT charges).

  • Reduced Payable Inquiries. At any time, a Supplier can view each of its receivables posted by the Buyer, including the exact cost associated with discounting receivables to cash. Because Suppliers have increased visibility and detailed information on their receivables, including applied credits, the number of inquiries into the Buyer’s AP department is greatly reduced.

  • ERP Integration. PrimeRevenue integrates with all major enterprise resource planning (ERP) and accounting systems. Information on payables is transmitted directly out of existing finance/accounting systems to PrimeRevenue.

  • Minimal Change to Current Processes. PrimeRevenue has minimal impact on AP resources, and requires no changes to existing approval or accounting processes.

  • Multiple Currency Support. PrimeRevenue supports payments in all major currencies.

 
© PrimeRevenue. All Rights Reserved.