What does PrimeRevenue do?
PrimeRevenue provides a cloud-enabled platform that creates a digital ecosystem between buyers, suppliers and funders, enabling both the exchange of information about receivables and the funds flow to pay invoices.
How much does supply chain finance cost?
Cost of funds are typically only 1-2% APR, but supply chain finance companies are adding high overheads often resulting in supply chain finance, costing more than 10% APR. That is prohibitively expensive for many businesses in the new normal.
What is supply chain financing program?
Supply chain finance is a set of tech-based business and financing processes that lower costs and improve efficiency for the parties involved in a transaction. Supply chain finance works best when the buyer has a better credit rating than the seller and can thus access capital at a lower cost.
What is buyer led financing?
This type of financing is provided without recourse to the supplier. Buyer-initiated factoring is a hybrid structure in which the buyer establishes credit terms and data exchange with the creditor, while credit is provided to the supplier.
What are the trigger points for finance in supply chain that buyers can check check all apply?
Point to check - 1: There should be no pressure put on suppliers to take the advance payment option. It should be a free choice for the supplier. Point to check - 2: Invoice terms for suppliers that take an advance should be no different to invoice terms for suppliers who do not.
Why is SCF considered Win Win?
As global supply chains stretch across the globe with multinational buyers on one side and a diverse group of suppliers in numerous countries on the other, corporations are under pressure to unlock the working capital trapped in their supply chains. This results in a win-win situation for the buyer and supplier.