Frozen seafood supplier Aqua Star Europe has selected PrimeRevenue’s supply chain finance (SCF) platform to optimise its cash flow.
As a SCF programme participant, Aqua Star has access to PrimeRevenue’s web-based multi-bank, multi-currency SCF platform that offers the seafood supplier visibility and payment date certainty of their approved customer invoices.
Additionally, Aqua Star is able to mobilise cash flow well ahead of invoice maturity on select invoices by making use of the early payment option available to SCF platform users.
“When we were offered the option of using PrimeRevenue to receive early payment on our receivables, we did not realise the value we would derive from the SCF platform," comments David Hall, finance director, Aqua Star (Europe).
“However, today, we are glad to say that the PrimeRevenue platform has empowered us with cash certainty that is an absolute requirement governed by the nature of our business. Our access to the SCF platform has placed us in a better position to plan our cash flow needs.”
Last Updated April 20, 2012
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