Company Overview
Ever since its inception in 2003, PrimeRevenue has set itself apart from others and has become one of the leading B2B payment and working capital software providers. It has a robust client base of more than 30,000 businesses globally. PrimeRevenue has ensured integration of the supply chain mechanisms for its clients by means of enhanced payments visibility, automation of digitized payments, and optimization of cash flow & control.
Businesses in more than 70 countries across the world make use of the services of PrimeRevenue to streamline their cash flow and working capital to optimize investment strategies, build better relationships with clients and stay ahead of competition. The platform for multi-funding operated by PrimeRevenue handles payments in excess of 300 billion USD annually.
PrimeRevenue has its headquarters in Atlanta, Georgia but its offices are spread across the world in Hong Kong, Melbourne, Frankfurt, London, and Prague.
Key Executives
- PJ Bain, CEO– Mr. Bain has been functioning as the CEO of this company since mid-2009. He has been recognized as one of the members of Leadership Atlanta in its 50th Class.
- Dennis Lockhart– Mr. Lockhart headed the operations of the Federal Reserve Bank of Atlanta for a decade with his tenure terminating in 2017. Mr. Lockhart also registered his presence on the Federal Open Market Committee (FOMC).
- Roger Lee– Mr. Lee has been one of the partners at Battery Ventures for more than two decades starting in 2001. At present, his portfolio is graced by several other B2C & B2B providers.
- Charles Shufeldt– Mr. Shufeldt headed the Corporate Advisory arm of Brown Brothers Harriman in the year 2010. He is also distinguished for working on various executive positions in Sun Trust Bank and was superannuated as the Chief Executive Officer of the Sun Trust Robinson Humphrey.
- Bradley Langer– With more than eighteen years in investment & equity advisory, Mr. Langer serves as the MD of Brown Brothers Harriman and is among the co-managers of its subsidiary BBH Capital Partners.
- Jason Zintak– After serving as the Chief Executive Officer of Platfora, Mr. Zintak is serving as the Chief Executive Officer of 6Sense, a B2B company specializing in marketing technology..
Products & Services
PrimeRevenue, the pioneering service provider of working capital financial innovation strategies, assists over 30,000 clients in more than 80 nations in optimizing their cash flow in order to finance growth strategies more proficiently, acquire a competitive advantage, and bolster partnerships across the complete supply chain.
- Supply Chain Finance
In recent years, Supply Chain Finance has become one of the most effective ways for businesses to arrange funding for growth and to endure volatility. SciSupplier by PrimeRevenue is one of the most well-known supply chain solutions globally which delivers timely payments for approved/ permitted invoices. This software solution is operational for a wide array of currencies.
- Dynamic Discounting
On the PrimeRevenue Platform, Dynamic Discounting is an option that increases a purchaser’s profit levels by lowering its Cost of Goods Sold (COGS). Dynamic discounting allows the purchaser’s contractors to select when they want to be compensated in return for a lower cost on the goods or services acquired. The “dynamic” element pertains to the ability to change rebates relying on suppliers scheduled payment dates.
- Accounts Receivable Finance
PrimeRevenue’s preferential receivables financial services software is SCiCustomer. Businesses can use this platform to sell their invoices for immediate compensation and, in most cases, without any involvement or disclosure to their customers. On a strong contrary to conventional factoring or loans, businesses can expect a genuine sale of accounts receivable. It also manages all transaction records for various customers, economies and applicable currencies with ease, allowing businesses to optimize their cash flow.
- On-time Payment
Paying vendors timely is still a big worry for sellers and buyers irrespective of business size, owing to the supply chain’s obsolete mechanisms for payments. The SurePay Platform from PrimeRevenue automates the payment process, ensuring that suppliers are paid timely, every time, with limited buyer participation. Purchasers simply need to endorse invoices; the framework takes care of the rest.
- Financial Institution Technology Co-Marketing, Licensing and Funding
PrimeRevenue maintains close working partnerships with their partners. PrimeRevenue works with more than a hundred financial firms to broaden their portfolios. Financial institutions can leverage services of PrimeRevenue by co-marketing their platforms to clients, licensing innovations, or joining their funding network.
Company Reviews
- In 2022, PrimeRevenue was declared to be an Outstanding Innovator in Trade Finance by Global Finance. In 2021, the same institution awarded PrimeRevenue to be the World’s Best Supply Chain Finance Provider.
- PrimeRevenue has been on the INC 5000 chart for the ninth year in a row in 2020.
- During 2019 RFIx Awards, PrimeRevenue was titled as the Supply Chain Finance Provider of the Year, Non-Bank.
- PrimeRevenue was designated Most Innovative Fintech of the Year at the 2018 RFIx Awards.
- In the year 2019, TAG named PrimeRevenue one of the Top 40 Most Innovative Companies in Georgia.
- In 2015, primeRevenue was recognised as the leader and as acorporation having the best supply chain finance solution for sixth consecutive year.
Related News
PrimeRevenue and IFS Capital Partner to Provide Supply Chain Finance Solutions in Southeast Asia
August 27, 2022
In August, 2022, PrimeRevenue and IFS Capital declared their intentions to jointly address the trade finance requirements of businesses in the S.E. Asia region. Their focus would primarily remain on mid-sized and large enterprises. Their representatives were on board with the idea of bridging the various gaps in the supply chain finance and management.
PrimeRevenue Releases eBook on Supply Chain Financing for Healthcare Industry August 10, 2022
PrimeRevenue, a worldwide provider in cash flow and B2B payment services, has released a eBook titled “How Supply Chain Financing Brings the Healthcare Supply Chain to Scale.” The manual, authored for medicinal and pharmaceutical commodity manufacturers, analyses the obstacles presently confronting healthcare distributors and underlines how supply chain finance tries to address some of these hurdles by optimizing cash flow and lowering risks.
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