IFS Capital Limited taps PrimeRevenue as its supply chain finance partner, freeing up working capital for Southeast Asia-based businesses
The partnership brings supply chain financing – a process that allows buyers to optimize their working capital management and at the same time provide faster access to cash for suppliers – to companies in South Asia. South East.
ATLANTA and SINGAPORE (PRWEB)
September 14, 2022
PrimeRevenue, the global leader in B2B working capital and payment solutions, and IFS Capital Limited (IFS), a Southeast Asian financial institution that provides businesses with access to capital through simple and affordable solutions, today announced a new partnership.
The partnership brings supply chain financing – a process that allows buyers to optimize their working capital management and at the same time provide faster access to cash for suppliers – to companies in South Asia. South East.
SUSTAINABILITY AND SUPPLY CHAIN FINANCE
A fundamental characteristic of a well-structured supply chain finance program is its ability to improve the robustness of the buyer’s supply chain through an ESG approach. By removing friction between buyers and suppliers, building supply chain resilience, measuring and encouraging sustainable practices, and unlocking capital that can fund the road to net zero emissions, the IFS Supply Chain Finance (SCF), powered by PrimeRevenue’s platform, can help companies achieve their ESG goals.
“Among PrimeRevenue’s core values are performance, innovation and integrity, all of which are values we see at IFS Capital Limited. We are excited to bring our working capital solutions to businesses based in Southeast Asia, and to do so with a like-minded partner by our side,” said PJ Bain, CEO of PrimeRevenue. “One of the main benefits of supply chain finance is the relief from inflationary pressures. By tapping into cash trapped in the supply chain, companies minimize the impact of rising costs on their balance sheets.
“At IFS Capital Limited, we take pride in the way we invest in our people, customers and partners. By partnering with the global leader in supply chain finance, we are aligning ourselves with a great partner who shares our values and vision,” said Randy Sim, Group Managing Director of IFS Capital. “Large and medium-sized companies can consider a well-structured supply chain finance program as an integral pillar of their ESG framework. By cultivating stability and transparency in their supply chains, they also improve their own competitiveness and resilience to future disruptions.
More details on partnership and supply chain financing for companies based in Southeast Asia can be found at https://www.ifscapital.com.sg/supply-chain-financing.
About IFS Capital Limited
IFS Capital is a leading financial institution specializing in providing customized financing solutions in Southeast Asia. The Group was incorporated in Singapore in 1987 and has been listed on the Singapore Stock Exchange since July 1993. The Group is part of the Phillip Capital network of companies, with a global presence that provides factoring, leasing and lending covering individuals, family offices, and corporate and institutional clients in Singapore, Thailand, Malaysia and Indonesia. ECICS Limited, a wholly owned subsidiary of IFS Capital, also provides bonds and guarantees and general insurance services in Singapore. For more information, please visit: https://www.ifscapital.com.sg.
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About PrimeRevenue
As a pioneer in global B2B payments, the PrimeRevenue platform connects the entire supply chain by improving working capital and automating digital payments. Thousands of businesses around the world leverage a streamlined platform to increase payment visibility, improve control, and improve cash flow. PrimeRevenue is headquartered in Atlanta, with offices in London, Prague, Hong Kong and Melbourne. Learn more at http://www.primerevenue.com and join us on Twitter @primevenue and LinkedIn https://www.linkedin.com/company/primerevenue/.
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