ATLANTA, Sept. 26, 2017 /PRNewswire/ -- PrimeRevenue, Inc., the leading provider of working capital finance solutions, today announced that its PrimeRevenue Data Exchange 1.0 has achieved SAP certification as powered by the SAP NetWeaver® technology platform. This integration, called PrimeRevenue Data Exchange for SAP® ERP, integrates with SAP NetWeaver and leverages PrimeRevenue's supply chain finance (SCF) best practices. The integration helps PrimeRevenue customers to reduce ramp-up time required to deploy their SCF programs, while aiming to lower their total cost of ownership and operational risk.
"PrimeRevenue Data Exchange for SAP ERP helps our customers to directly integrate the PrimeRevenue supply chain finance platform with their existing SAP ERP application immediately, in many cases reducing the buyer enablement timeline by as much as four weeks," said Matt Doorley, VP customer success, PrimeRevenue. "PrimeRevenue's integration also helps reduce clients' operational risk, since our turnkey solution, which leverages our fourteen years of supply chain finance experience, eliminates the need to develop their own interface with our platform. This helps reduce operational risk, setup costs and time-to-market, presenting a real win-win!"
In fact, customers using the SAP ERP application have been able to install the integration with PrimeRevenue's supply chain finance platform completely within hours and begin working with PrimeRevenue on training and testing efforts virtually immediately.
Once up and running, a variety of processes are automated for continued ease-of-use. The integration formats and uploads invoices from SAP ERP into the PrimeRevenue platform. It also maintains a remittance file providing buyers with up-to-the-minute information on maturing invoices and funds required to cover those invoices.
"Over time, PrimeRevenue Exchange will bring customized integrations with a variety of top ERP providers," added Doorley. "The ability to speed up deployment of PrimeRevenue's SCF platform provides benefits to all participants in the SCF ecosystem. Buyers begin optimizing cash flow more quickly, while suppliers start to benefit from the transparency and cash flow control our program provides into the status of their invoices and timing of payments."
PrimeRevenue will announce additional Exchange integration partners as the company continues to develop key technology partnerships to further benefit its users.
PrimeRevenue makes the global economy more efficient by unlocking cash in corporate financial supply chains. Headquartered in Atlanta, with offices in London, Prague, Hong Kong and Melbourne, PrimeRevenue manages over $100 billion in transactions and frees up cash for more than 20,000 clients to invest in their company's future, in over 70 countries. Additional information about PrimeRevenue can be found at www.primerevenue.com | Twitter: @primerevenue | LinkedIn: http://www.linkedin.com/company/primerevenue.
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Newsmaker Group, PrimeRevenue PR Representative
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