PrimeRevenue Delivers Supply Chain Finance Solution to TRADESHIFT Customers
San Francisco, CA (PRWEB) October 15, 2012
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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