DALLAS, Dec. 6 -- Quadrem's new QuickPay(TM) solution helps suppliers drive working capital optimization and cost reductions. The first solution of its kind to be offered by an emarketplace, QuickPay provides unprecedented visibility into the future cash flows associated with receivables and enables suppliers to forecast and manage their cash accounts with an option to sell those receivables for early payment at any time prior to maturity.
"QuickPay is significant to our customers and to our business because it extends the value of supply chain automation to the financial arena," said Charles Jackson, Quadrem CEO. "We can now deliver a stronger and more immediate ROI to our supplier community, which has grown 111% in the past year to more than 24,000 companies. At the same time we are broadening our value proposition to buyers by streamlining the payables processes and improving their ability to manage their financial supply chain."
Quadrem is partnering with PrimeRevenue (http://www.primerevenue.com/ ), a global leader in on-demand financial supply chain solutions with deep financial institution and supply chain expertise. PrimeRevenue technology will power the QuickPay solution and integrate with Quadrem's supplier network.
"The Quadrem-PrimeRevenue relationship makes sense for the supply chains of Quadrem's global clients," said Joe Juliano, PrimeRevenue CEO. "For these organizations, supply chain finance will extend their gains in reducing total supply chain costs to supplier finance and working capital efficiency. Reciprocally, this gives us the ability to work with an industry leading global emarketplace."
Quadrem customers in Africa, Australia, Canada, and the United States can leverage QuickPay immediately with roll out to other regions expected in 2006.
Quadrem (http://www.quadrem.com/ ) provides e-business solutions that connect buyers and suppliers to maximise supply chain efficiencies. Quadrem's global transaction platform, vibrant international trading community and high-quality content services enable customers to implement the most effective e-business initiatives for buyers and suppliers. Established in 2000, Quadrem has locations in Australia, Brazil, Canada, Chile, France, Mexico, The Netherlands, Peru, Singapore, South Africa, the United Arab Emirates and the United States.
CONTACT: Katherine Kirkpatrick of Quadrem, +1-972-543-8044, or firstname.lastname@example.org
Web site: www.quadrem.com/