Last Updated July 23, 2012
Demand for supply chain finance soars
The volume of suppliers on PrimeRevenue’s OpenSCi platform has increased by 29% from the beginning of the year.
PrimeRevenue’s OpenSCi platform, which now has 8,500 suppliers, provides industry participants with payment visibility and certainty regarding their approved receivables, as well as on-demand, quick and easy funding based on the more favourable credit rating of their customer.
“At a time when the cost of financing is high and mere access to financing represents a challenge for many small suppliers, our OpenSCi working capital solution allows them to maintain a healthier balance sheet, reduce days sales outstanding, and improve their cash positions,” says PJ Bain, PrimeRevenue CEO.
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