ATLANTA, Ga., Feb. 10, 2015 (GLOBE NEWSWIRE) -- via PRWEB - PrimeRevenue Inc., the global leader in financial supply chains, today announced the release of Version 2.0 of its SCiCustomer solution. SCiCustomer, the award winning receivables financing solution, offers cross-border financing at highly attractive rates backed by multiple leading financial institutions.
PrimeRevenue has seen a rapid increase in the number of sellers and financial institutions using this fully automated receivables financing platform with several billion dollars in invoices sold in 2014. The companies using the SCiCustomer platform in conjunction with PrimeRevenue's supply chain finance solution benefit from the dual sided approach focusing on their accounts payables and trade receivables.
Funding institutions are moving their accounts receivable financing portfolio to SCiCustomer to benefit from enhanced automation, lower operational costs as well as the ability to fully customize their programs to fund certain clients, currencies and jurisdictions.
The new version delivers important upgrades including:
- In application User Guides and Help Content
- Multi-Program Administration: Funders can now administer across 100s of Sellers/Obligors at the same time
- User Administration: Corporates and Funders now have the capability to fully self-administer their users
- Separation of Duties: Funders have the option to require a second user to "activate" changes made to programs and liquidity limits
"SCiCustomer v 2.0 gives our funders and sellers the ability to manage large complex portfolios across multiple currencies and obligor entities. We are very excited to provide our funders functionality to on-board more organizations faster as well as offer organizations the tools to easily increase working capital availability in an efficient manner," said Kelly Newman, Product Manager.
About PrimeRevenue, Inc.
For organizations that view their supply chains as a strategic asset and are seeking to increase supply chain efficiency, PrimeRevenue has the answer. PrimeRevenue provides financing to more than 17,000 clients through its OpenSCi suite which offers the control and flexibility for organizations to optimize their working capital, improve margin as well as reduce costs and risks throughout the financial supply chain. Headquartered in Atlanta, PrimeRevenue also has offices in Frankfurt, Hong Kong, London, Melbourne, Monterrey, Paris, Prague and Cape Town. PrimeRevenue operates some of the largest supplier financing programs for clients around the globe. For more information or to contact us, please visit http://www.primerevenue.com .
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Prime Revenue Oana Leventi-Perez +1 (404) 665-3768
