Prime Revenue Adds Full Integration of Dynamic Discounting as Part of Open SCi Product Suite

CIOReview Team | Wednesday, 10 June 2015, 12:04 IST

FREMONT, CA: PrimeRevenue, a provider of financial supply chains, introduces the full integration of dynamic discounting solution as a part of its OpenSCi product suite.

OpenSCI product suite is the key to the fast cash flow and improved working capital. It is an open supply chain finance that operates in the cloud and revolutionizes the financial supply chain by allowing clients to increase their payment terms and reduce their collection time.

Dynamic discounting enables both buying organizations and their suppliers to initiate early-pay discounts on an invoice-by-invoice basis and improve relationships between trading partners. This solution allows both parties to view invoices through a web-based platform.

By offering dynamic discounting on SCiSupplier platform enables buying organizations and their suppliers to use one common solution to optimize their financial supply chain. PrimeRevenue’s unique platform provides flexibility and control to customers either to improve their working capital or become more profitable by automating and increasing supplier discounts.

“More than 17,000 companies use the OpenSCi product suite on a daily basis to take advantage of our comprehensive solutions. Providing our clients a means to implement buyer-funded dynamic discounting and supply chain finance together allows them to introduce a comprehensive, seamless program that affords both large and small business suppliers the maximum benefit,” says Mark Winslow, Product Manager, PrimeRevenue.