Fifth Third Bank Teams with PrimeRevenue, Expanding Bank's Supply Chain Finance Solutions for Commercial Clients
CINCINNATI and ATLANTA, Dec. 7, 2022 /PRNewswire-PRWeb/ -- Fifth Third Bank, National Association, and PrimeRevenue, the global leader in working capital and B2B payment solutions, today announced that they will be joining forces. A strategic relationship designed to help enterprise and mid-market customers navigate supply chain disruptions and broader macroeconomic uncertainty, the collaboration marks an enhancement of Fifth Third's working capital and trade payables solutions, which empower businesses to unlock otherwise untapped capital and cash flow.
- "An alternative to taking on debt, supply chain financing is a tool and lever that companies can rely on to strengthen and de-risk their supply chains."
- Supply chain finance is a means for buyers to pay their invoices at a later date while still providing faster access to cash for suppliers.
- It is part of Fifth Third's value as a comprehensive, relationship-driven bank," said Fifth Third Bank Executive Vice President and Head of Corporate Banking Kevin Khanna.
- "Leveraging PrimeRevenue's technology and platform allows access to additional alternatives that businesses need to optimize working capital and strengthen supply chain sustainability."