PrimeRevenue Launches New B2B Payments Platform

PrimeRevenue, a provider of technology-enabled B2B payments and working capital solutions, launched the PrimeRevenue SurePay platform. The platform streamlines B2B payment services to enable easy and accessible early and on-time payment solutions for the entire supply chain.

Since 2003, PrimeRevenue’s core offering has historically focused solely on early payment solutions such as supply chain finance, dynamic discounting and accounts receivable finance. As the global business landscape evolves, PrimeRevenue has developed additional solutions that address a range of other B2B payment needs.

The SurePay platform was designed to simplify the B2B payments ecosystem. Customers can consolidate their entire supplier base onto one payments tool, eliminating manual processes.

“The PrimeRevenue SurePay platform automates the AP/AR payment process, so once approved invoices hit our system, the platform handles the rest,” Gavin Cicchinelli, chief operating officer of PrimeRevenue, said. “Suppliers can confidently manage their cash flow with an intuitive platform that provides comprehensive reporting, transparency into invoice approval status, visibility into upcoming payments, automated remittance advice reporting and so much more.”

Global businesses face many payment challenges, from jurisdictional payment regulations and a lack of standardized payment terms to the administrative burden that comes with managing multiple ERP systems or payment platforms.

“At its core, PrimeRevenue has always been a payments company,” PJ Bain, CEO of PrimeRevenue, said. “As we grow, a natural evolution for PrimeRevenue is to expand into a new sphere of B2B payments. For us, that means developing innovative solutions that serve the entire supply chain regardless of industry, jurisdiction, currency or early payment offering.”