Executive Briefings

SAP Ariba Partners With PrimeRevenue in Financing Platform

SAP Ariba is partnering with PrimeRevenue to create a multi-funder supply-chain financing platform, as part of an integrated source-to-pay process.

SAP Ariba Partners With PrimeRevenue in Financing Platform

The tool combines relationship, transaction and financial data to help companies "connect the dots" between procurement and finance, and help buyers and suppliers optimize their relationships, the vendor said. PrimeRevenue's cloud-based platform provides financing opportunities to trading partners in more than 70 countries, and multiple currencies. In connecting the Ariba Network to PrimeRevenue, SAP Ariba provides a single interface through which buyers and suppliers can collaborate on purchase orders, invoices, discounts and supply-chain financing. Using the platform, buyers can transform payables from balance-sheet liabilities into strategic company assets, Ariba said. Suppliers, meanwhile, can reduce financing costs and improve working capital.

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The tool combines relationship, transaction and financial data to help companies "connect the dots" between procurement and finance, and help buyers and suppliers optimize their relationships, the vendor said. PrimeRevenue's cloud-based platform provides financing opportunities to trading partners in more than 70 countries, and multiple currencies. In connecting the Ariba Network to PrimeRevenue, SAP Ariba provides a single interface through which buyers and suppliers can collaborate on purchase orders, invoices, discounts and supply-chain financing. Using the platform, buyers can transform payables from balance-sheet liabilities into strategic company assets, Ariba said. Suppliers, meanwhile, can reduce financing costs and improve working capital.

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SAP Ariba Partners With PrimeRevenue in Financing Platform