Robert Kramer, vice president of working capital solutions at PrimeRevenue, Inc. and Paul Frankenberger, Strategic Account Executive, will attend the 2013 OEM Purchasing Summit organized by the Society of Automotive Analysts (SAA), held at American Axle headquarters in Detroit, Michigan on May 14. Recognized as an important thought leadership platform, the SAA’s annual OEM Purchasing Summit has become a key event in the automotive industry.
One of the largest automotive markets in the world with 13 automotive manufacturers producing more than 10 million vehicles per year and an extensive network of auto parts suppliers, the U.S. automotive market accounts for almost 5% of U.S. GDP.
“Working capital efficiency and cash flow visibility are critical for any industry but no more so than in a capital intensive sector in a growth cycle like the automotive industry,” said Robert Kramer, PrimeRevenue vice president of working capital solutions. “Supply Chain Finance offers the automotive industry the opportunity to optimize working capital and ensure adequate cash flow availability to fund growth, while at the same time improve supplier relationships and reduce supply chain financial risk.”
“There is very strong demand for Supply Chain Finance solutions in the motor vehicle industry with large firms such as Volvo and Navistar and thousands of suppliers using PrimeRevenue OpenSCiTM today. With 90+ buyers and more than 12,000 suppliers on OpenSCiTM, PrimeRevenue is the leading SaaS platform for global Supply Chain Finance, generating “on-demand” liquidity for a crucial industry.
About PrimeRevenue, Inc.
For organizations who view their supply chains as a strategic asset and are seeking to increase supply chain efficiency, PrimeRevenue is the answer. Providing cash flows to more than 12,000 buyers and suppliers through the OpenSCi™ platform with the control and flexibility required to drive superior results and reduce cost and capital risk throughout their financial supply chains. Headquartered in Atlanta, Georgia, USA, PrimeRevenue also has offices in London, Paris, Frankfurt and Prague in Europe, as well as in Melbourne, Australia, and Hong Kong SAR, and operates some the largest supply chain finance programs for clients around the globe. For more information or to contact us, please visit http://www.primerevenue.com