Pasell S.R.L. Optimizes Working Capital with PrimeRevenue SCF

Atlanta (I-Newswire) November 7, 2011 - As part of its ongoing efforts to optimize working capital, Pasell S.R.L. has implemented the Supply Chain Finance (SCF) Program offered by its customer, a leading global home appliance manufacturer. Pasell’s customer has offered the program in association with its technology and services partner, PrimeRevenue, Inc., the leading SaaS platform for global Supply Chain Finance (SCF).

PrimeRevenue provides a web-based, multi-bank, multi-currency platform which offers Pasell online visibility and payment date certainty to their approved invoices from their customer. At Passell’s discretion, they are now able to select invoices and receive immediate electronic payment, months ahead of the invoice maturity date and without incurring any debt. Transaction costs are based on the credit rating of Pasell’s customer, and not that of Pasell.

“The PrimeRevenue SCF platform has enabled us to receive early payment as and when we need it. We believe this will help us improve our financial position and thereby optimize working capital,” said Francesco Amitrano, Sales Director, Pasell S.R.L.

“We are glad to have Pasell S.R.L. on board and experiencing the benefits of the Supply Chain Finance program. We hope the company is able to realize maximum value by utilizing the wide range of features available on the PrimeRevenue SCF platform” said Joe Weisskopf, vice president of Global Supplier Solutions, PrimeRevenue. “We look forward to working together with Pasell to help them achieve their current and future working capital objectives.”

About Pasell S.R.L
Pasell S.R.L, based out of Avellino, Italy, is a part of Pasell Group, present in Slovakia and in the UK. Pasell S.R.L is a producer of household electric and automotive components and a supplier to the leading global home appliance and automotive manufacturers. A company with a strong emphasis on innovation, Pasell strives towards maximum customer satisfaction by designing and manufacturing components based on specific customer requirements. For more information, visit www.pasell.it.

About PrimeRevenue, Inc.
For Global 2000 organizations who view their supply chains as a strategic asset and are seeking to increase supply chain efficiency, PrimeRevenue is the leading provider of multi-bank Supply Chain Finance (SCF) technology and services. Our open SCF platform and working capital advisory services provide these organizations with the control and flexibility required to drive superior SCF results, reducing cost, capital and risk throughout their supply chains and forging stronger supplier relationships. Headquartered in Atlanta, Georgia, USA, PrimeRevenue also has offices in Paris, Frankfurt and Prague in Europe, as well as in Melbourne, Australia, and operates some of the largest SCF programs for customers around the globe. For more information, visit http://www.primerevenue.com.

Contact:
Joe Burke
PrimeRevenue, Inc.
+1-404-665-3755
pr@primerevenue.com

About PrimeRevenue:
For Global 2000 organizations who view their supply chains as a strategic asset and are seeking to increase supply chain efficiency, PrimeRevenue is the leading provider of multi-bank Supply Chain Finance (SCF) technology and services. Our open SCF platform and working capital advisory services provide these organizations with the control and flexibility required to drive superior SCF results, reducing cost, capital and risk throughout their supply chains and forging stronger supplier relationships. Headquartered in Atlanta, Georgia, USA, PrimeRevenue also has offices in Paris, Frankfurt and Prague in Europe, as well as in Melbourne, Australia, and operates some of the largest SCF programs for customers around the globe. For more information, visit http://www.primerevenue.com.

Company Contact Information
PrimeRevenue
Joe Burke
1349 WPeachtree ST NW 1800
Atlanta, GA 30309
30309
Phone : +1-404-665-3755