Working capital is a major issue for buyers and suppliers alike and most supply chains are poorly supported by systems and processes. This leaves buyers without real-time data and suppliers waiting for payments.
PrimaTrade is a connection layer sitting between a customer and its suppliers, Each time suppliers ship, they upload and digitise their invoices, transport documents, packing lists, ESG certificates and inspection reports. Since data flows in from suppliers in real-time with minimum effort or resource from the buyer, it can just be switched on without needing an IT project to go live.
Immediate wins:
- Savings up to 1% or more on the cost of goods via safe, early payments to suppliers.
- Meet new ESG and compliance requirements and evidence the source and credentials of products to customs, regulators and consumer.
Longer term wins:
- We can connect our real-time data (at shipment) to your internal systems in order to get your stock moving quicker and to streamline reporting and logistics.
- If you provide your open POs to us, our unique 3-way match at shipment can drive AP automation, improve controls and reduce costs in finance and stock-handling.