Supplier Success Announces Partnership with PrimeRevenue
Partnership highlights demand among diverse suppliers, SupplierPay corporations for supply chain finance solutions
Detroit, MI—March 18th, 2015
Supplier Success, LLC, a Detroit-based company focused on improving supplier cash flow, has announced a new strategic partnership with PrimeRevenue, Inc., the global leader in financial supply chains.
The partnership addresses a long-standing need between corporations and their suppliers — particularly among minority business enterprises (MBEs) — to reduce the time it takes for suppliers to get paid while helping buying organizations improve working capital, capture discounts, and strengthen their supply chain. On average, US based SME suppliers trade roughly 90% of all invoices presented for early payment on the PrimeRevenue platform, which advances more than $60 Million to American SMEs each day.
“We know firsthand how difficult it is for suppliers to gain quick access to low-cost capital,” remarked Louis Green, CEO of Supplier Success. “By partnering with PrimeRevenue, we can now offer the industry’s leading early payment and supplier financing solution to corporations looking to become compliant with President Obama’s SupplierPay initiative.”
Prior to founding Supplier Success, Mr. Green served as the President and CEO of the Michigan Minority Supplier Development Council, where he facilitated over $137 Billion in contracts between corporations and certified minority businesses. He also worked with leadership in Washington D.C. to craft the recent SupplierPay initiative.
“Support of MBEs has been a priority for many forward thinking companies for a long time,” said Dan Juliano, Senior Vice President, Business Development and Product. “Supply Chain Finance adds a whole new dimension for how companies can support MBEs and bring working capital efficiency at competitive rates. Supplier Success is uniquely positioned to deliver this value and the PrimeRevenue suite of products and services.”
ABOUT SUPPLIER SUCCESS, LLC
Supplier Success, LLC is a provider of supplier finance solutions focused on expediting supplier payments, increasing corporate cash reserves, and unlocking cash flow for buyers and suppliers. Supplier Success offers supply chain finance, virtual credit card payment, and supplier diversity services to corporations, receivables finance solutions to suppliers, and minority business access funds to partner organizations. The company advocates for mutual success between buyers and suppliers, resulting in shared growth and prosperity. Founded in 2014 by Louis Green and based in Detroit, Supplier Success, LLC is a certified minority business enterprise. For more information, please visit www.suppliersuccess.com.
Supplier Success, LLC
+1 (800) 568-1870 x103