Back to all announcements

Quadrem and PrimeRevenue Form Strategic Alliance to Provide Supply Chain Finance Solutions; Partnership to Offer Working Capital Optimization to 24,000 Suppliers

ATLANTA, GA, December 6, 2005 - PrimeRevenue, Inc., an industry-leading provider of supply chain finance solutions, announced today that it has been selected by Quadrem for its Supply Chain Finance Platform™ which will be utilized by over 24,000 Quadrem customers. This innovative solution will help Quadrem’s customers reduce working capital and total costs for all trading partners through improved cash flow visibility and on-demand, low cost, receivables finance.

PrimeRevenue’s Supply Chain Finance Platform will power Quadrem’s new QuickPay™ service and will be fully integrated with Quadrem’s community of Buyers and Suppliers, adding to the efficiency gains already achieved. Quadrem (, the leading global e-marketplace serving the mining, minerals and metals, oil and gas and consumer packaged goods industries, provides e-business solutions that connect Buyers and Suppliers to maximize supply chain efficiencies.

"Quadrem’s customers have been looking for advanced, effective working capital initiatives and this is a great solution for both Quadrem and their Buyers and Suppliers," said Joseph Juliano, CEO, PrimeRevenue. "QuickPay will allow these organizations to drive these gains to the very core of their business - cash flow generation, Return on Invested Capital (ROIC), and Economic Value Added (EVA)."

"We teamed up with PrimeRevenue because they offer an easy-to-use, effective and proven Platform that can support our global customer base," said Charles Jackson, CEO, Quadrem. "PrimeRevenue’s knowledge and expertise in the supply chain finance market is unmatched and has led to the development of superior technology that will provide extremely compelling value for our customers."

Quadrem customers in the United States, Canada, South Africa and Australia can leverage the new Supplier finance solution immediately, with roll-out to other regions expected in 2006.