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Supply Chain Finance Provides Significant Benefits According to New AberdeenGroup Report Sponsored by PrimeRevenue

ATLANTA, GA, May 18, 2006 ― PrimeRevenue, Inc., the leading provider of Supply Chain Finance (SCF) solutions, today announced the availability of AberdeenGroup’s newly published report, “New Paradigm Supply Chain Finance Offerings Compel CFO and Treasury Interest in the Supply Chain.” The report reveals how SCF offers Global 2000 companies a compelling opportunity to improve margins, reduce working capital and improve supplier relations by extending supply chain management principles from product and information flows to financial flows.

According to the report, SCF reduces uncertainty and variability in the financial flows, thereby reducing cost, capital and risk for all trading partners. The report finds the magnitude of potential gains from SCF is staggering. Financial costs associated with products moving through the supply chain comprise 4% of finished good costs (the same size as transportation and distribution costs).

“Supply chain finance provides a unique opportunity for finance and procurement professionals to provide significant and measurable bottom line benefits to their organizations,” said Lalig Musserian, research director of financial value chain management and co-author of the report.

"One of the key components in making an SCF initiative successful is implementing a robust, flexible solution," said Joseph Juliano, PrimeRevenue’s CEO. “PrimeRevenue’s Supply Chain Finance Platform(TM) connects Buyers, Suppliers and Financial Institutions via a secure, Web-based, on-demand solution to improve working capital efficiency and reduce supply chain costs.”

The report also discusses:

-- How to address the root causes of financial flow inefficiency

-- How formal supply chain financing compares with early payments discounts

-- How to make a successful SCF initiative work