Working capital finance company PrimeRevenue has been named a joint winner of Global Finance Magazine’s Best Customer Implementation of a Supply Chain Financing Solution for 2016 for its partnership with tire company Michelin.
The program encompasses multiple languages and currencies across a large part of the globe and has the potential to be the world’s largest supply chain finance program, both sides believe. Its provision of cash flow and flexible payments helped Michelin maintain its responsive reputation to its suppliers.
A Michelin representative said PrimeRevenue exceeded their expectations.
“We felt that in PrimeRevenue we had a true advocate, a collaborative partner with the right people, the right solutions, and the right leadership to ensure a seamless implementation and outstanding results,” Finance Manager for Group Purchasing Bernard Girardin said. “We are now very confident in our ability to optimize our liquidity while at the same time providing considerable value to our supplier base.”
“It’s an honor and privilege to receive this award,” PrimeRevenue CEO PJ Bain said. “This recognition is a testament to our ongoing commitment to support Michelin’s corporate goals.”