Technology News

PrimeRevenue Facilitates Supply Chain Financing

Monday, September 29, 2008 5:03:00 AM PDT | VentureDeal Staff

Tampa, Florida --  Masonite Corporation announce the completion of a supply chain finance program provided by PrimeRevenue for one of its major clients.

Finalized in an extremely difficult credit market, Masonite provided a 100% advance rate on the accounts receivable balance from a large retail customer.

PrimeRevenue provided its Supply Chain Finance (SCF) platform for the financial arrangement, creating new working capital efficiencies for the benefit of buyers and their suppliers.

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