TRADESHIFT Announces Strategic Partnership with PrimeRevenue SCF
PrimeRevenue Delivers Supply Chain Finance Solution to TRADESHIFT Customers
San Francisco, CA (PRWEB) October 15, 2012
TRADESHIFT, the platform for all your business interactions, has announced a strategic partnership with PrimeRevenue – the leading SaaS platform for global Supply Chain Finance (SCF).
The partnership marks yet another step forward in TRADESHIFT’s mission to redefine the e-invoicing space by providing enterprises with the tool set they need to achieve full supplier adoption and 100% electronic invoicing.
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 and TRADESHIFT will be able to bundle their respective services and provide a beneficial and unique offering to their customers. TRADESHIFT’s e-invoicing technology provides added value services for PrimeRevenue to process approved invoices in SCF programs, faster and more efficiently. The PrimeRevenue OpenSCi™ solution delivers TRADESHIFT customers a bank-independent SCF platform with access to funding from over 34+ financial institutions. With the TRADESHIFT platform utilized by 140,000 businesses across the globe and PrimeRevenue managing
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