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PrimeRevenue introduces OpenSci
18 January 2012
PrimeRevenue has announced record growth for 2011 and introduced its new OpenSci™ cloud-based supply chain finance interchange.
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PrimeRevenue
Supply chain finance
OpenSci
cloud supply chain finance
multi-bank
PrimeRevenue, the SaaS platform for supply chain finance has announced operating results for the year ending December 31, 2011, in which the firm continued steady growth in revenue and profit for another four consecutive quarters of operation. Building on the previous year’s accomplishments, the PrimeRevenue SCF platform has helped multiple North American, European and Asia-Pacific clients achieve working capital reductions while providing more than $50 billion in on-demand, low cost financing to suppliers in 29 countries and 10 currencies. As a result, the company’s SCF revenue grew by more than 35% over 2010 levels.
“Despite a challenging year overall for national economies and industrial financing, PrimeRevenue is extremely proud of...
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