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GT Midwest joins PrimeRevenue SCF community

Tuesday 11 June 2013 11:57 CET | News

GT Midwest, a Kansas-based distributor of industrial supplies and safety equipment, has joined SaaS supply chain finance (SCF) platform operator PrimeRevenue’s SCF community with the objective of accelerating cash flow.

As part of the supply chain finance program implementation, GT Midwest was offered enrollment on the PrimeRevenue OpenSCi SCF platform for accelerating invoice payments from their customer. This multi-bank, multi-currency, web-based platform has enabled GT Midwest to view their approved invoices online and provides them with the ability to receive payment well ahead of invoice maturity. The early payment option is available to all SCF platform users at a low transaction cost based on their customer’s credit rating.

In October 2012, Danish e-invoicing B2B social network operator Tradeshift has entered a strategic partnership with PrimeRevenue.


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Keywords: GT Midwest, PrimeRevenue, SCF, US
Categories: Banking & Fintech
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