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» PrimeRevenue Technology is First in the Market to Support Any Alternative Benchmark Rate Ahead of LIBOR Transition Enhancements to platform provide additional flexibility for funders with no major changes to operational or legal processes ATLANTA (March 24, 2021) – PrimeRevenue, Inc., the leading provider of technology-enabled working capital solutions, announces the addition of a credit adjustment spread to support new rate requirements related to the phase out of LIBOR. After months of in-depth discussions with funding partners, PrimeRevenue has developed enhancements to guarantee a smooth transition to new rate structures on our system without any major change in current operations or legal structure for funders, buyers, or suppliers. They reached out to us well ahead of time and were prepared for the phase-out of LIBOR well ahead of the deadline, providing plenty of time for us to smoothly transition the clients we support into new rate structures.

Company’s technology and expansive multi-funder network on standby to support buyers and suppliers requiring swift transition to new working capital solutions provider ATLANTA (March 15, 2021) – PrimeRevenue, Inc., the leading provider of technology-enabled working capital solutions, announces its capability to deploy supply chain finance programs in as little as two weeks to support suppliers that may be experiencing a delay in receiving early payments. Our immediate priority is to support buyers and suppliers facing disruption of their supply chain finance programs to ensure they have access to cash,” said PJ Bain, CEO of PrimeRevenue. ” PrimeRevenue’s supply chain finance (approved payables financing) solutions help organizations in 80+ countries optimize their working capital to efficiently fund strategic initiatives, gain a competitive advantage and strengthen relationships throughout the supply chain. As the leading provider of working capital financial technology solutions, PrimeRevenue’s diverse multi-funder platform processes more than USD$250 billion in payment transactions per year.

Funding is provided directly by a bank or other financial institution, and transactions are considered a true sale of receivables, meaning suppliers face no risk of recourse once the invoice has been advanced for early payment. Multi-funder supply chain finance provides a funding safety net for companies, ensuring uninterrupted funding for the companies that need it most. For example, if a company is looking to expand their supply chain finance program into a new region that their existing bank doesn’t cover, a multi-funder approach allows you to simply supplement funding with an additional bank that will cover that jurisdiction. This structure provides buyers and suppliers complete funding visibility with respect to who is providing funding, what the cost is, and what parties are involved.

– PrimeRevenue, Inc., the leading provider of technology-enabled working capital solutions, and eFactor Network, a Mexican fintech and leader in electronic supply chain finance, announce they have renewed their partnership for four more years. Since 2009, eFactor Network has leveraged PrimeRevenue’s technology to help more than 12,000 buyers and suppliers across Latin America unlock more than USD$4.2 billion (MXN 80 billion) in free cash flow. The company’s digital solutions, powered by PrimeRevenue, help clients in more than 21 countries unlock material cash to fortify the supply chain and strengthen relationships. About PrimeRevenue PrimeRevenue’s supply chain finance (approved payables financing) solutions help organizations in 80+ countries optimize their working capital to efficiently fund strategic initiatives, gain a competitive advantage and strengthen relationships throughout the supply chain.