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E-invoicing, SCF & E-procurement

PrimeRevenue delivers multi-bank SCF solutions for the UK automotive industry

Wednesday 16 October 2013 | 11:10 AM CET

US-based SaaS supply chain finance (SCF) platform operator PrimeRevenue has delivered multi-bank SCF solutions addressing financial and growth constraints in the UK automotive sector.

The OpenSCiTM multi-bank supply chain finance platform operated by PrimeRevenue is a marketplace for buyers and suppliers of all sizes.

The OpenSCi solution has 40 financial institutions providing funding on a global basis, allowing the replacement of one funder for another without limitations in terms or currencies, countries and jurisdictions.

In June 2013, GT Midwest, a Kansas-based distributor of industrial supplies and safety equipment, joined PrimeRevenue’s SCF community with the objective of accelerating cash flow.

More: Link
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