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PrimeRevenue On Track to Process a Quarter of a Trillion Dollars in Trade Finance PaymentsATLANTA, May 20, 2019 /PRNewswire/ -- PrimeRevenue, Inc., the leading provider of working capital financial technology solutions, today announces it is on track to process a quarter of a trillion dollars in trade payment transactions in 2019. From trade and upload volumes to the number of suppliers trading on PrimeRevenue's supply chain finance platform, all key performance indicators are trending higher. Year-over-year quarterly growth continues to accelerate in the following areas:
The company attributes some of this record growth to its patented Electronic Time Drafts solution. Electronic Time Drafts significantly improve the onboarding speed and supplier experience in jurisdictions where liens against receivables exist, such as the United States. The total number of trading suppliers taking advantage of the Electronic Time Drafts solution has more than doubled in Q1 year-over-year. "We expect our growth trajectory and velocity to continue throughout 2019 as the demand for supply chain finance is growing," states PJ Bain, CEO of PrimeRevenue. "Record levels of corporate debt are pushing companies to look for new ways to fund their strategic initiatives that don't have a negative impact on their balance sheet." About PrimeRevenue Media Contact: View original content to download multimedia:http://www.prnewswire.com/news-releases/primerevenue-on-track-to-process-a-quarter-of-a-trillion-dollars-in-trade-finance-payments-300852765.html SOURCE PrimeRevenue, Inc. |