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Strategic partnership announced between Tradeshift and PrimeRevenue

NewsSarah Feurey, Head of Research17.10.2012 Comments (0)Bookmark

Electronic invoicing provider Tradeshift has announced a strategic partnership with PrimeRevenue a SaaS platform for global Supply Chain Finance (SCF).

SCF and e-invoicing, although often existing in separate spheres, when combined form a powerful symbiotic relationship. e-Invoicing is able to strengthen the business case for SCF by providing access to real-time data and speeding up invoice approval cycles for Buyers. Meanwhile, SCF provides further incentives for long tail suppliers to adopt the e-invoicing platform by providing access to new funding opportunities and improving overall payment cycles.

“PrimeRevenue processes over $53bn in transactions annually and provides more than $18bn in on-demand, low cost financing to 8,900+ suppliers in 37 countries and 17 currencies,” said PJ Bain, PrimeRevenue CEO. “PrimeRevenue OpenSCi™, our global, multi-bank, multi-currency SCF platform helps corporations improve supplier relationships while managing payables and maximizing working capital. We look forward to future growth through this strong partnership,” concluded Bain.

Tradeshift, PrimeRevenue, SaaS, supply chain, e-invoicing, electronic invoicing, einvoicing

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