Rexel teams up with PrimeRevenue for supply chain finance program

Friday 30 May 2014 08:25 CET | News

Rexel, a global distributor of products and services for the energy world, has selected the OpenSCiTM solution from PrimeRevenue to set up and manage their supplier finance program.

Operated by PrimeRevenue, the supply chain finance program gives Rexels suppliers access to a liquidity management tool.

Through the OpenSCi supplier finance platform, Rexels suppliers can select to receive early payment on their approved invoices, backed by Rexels credit rating.

Rexel addresses three main markets - industrial, commercial and residential from 2,300 branches in 38 countries, and nearly 30,000 employees.

In recent news, Propell, a South African financial services provider, has partnered with PrimeRevenue.

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Keywords: Rexel, PrimeRevenue, supply chain finance, supplier finance program
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech