Deloitte and PrimeRevenue Host Supply Chain
Finance Seminar in Paris
Seminar Focuses on How PrimeRevenue’s Supply Chain Finance Solution Addresses New LME
March 01, 2010 09:33 AM Eastern Time
PARIS & ATLANTA--(EON: Enhanced Online News)--Deloitte, in partnership with PrimeRevenue, announced
the successful completion of their joint seminar on Supply Chain Finance (SCF). The event discussed how
PrimeRevenue’s SCF solution provides companies with the capability to address new regulatory requirements
affecting supplier payment terms. These new rules—implemented in 2009—are part of what is widely known as the
LME, the Law for the Modernization of the Economy in France.
Historically, most supplier payment terms in France have been between 90 and 105 days. With the new LME
requirements, companies must reduce these terms to 60 days net or 45 days end of month from the date of an
invoice. This reduction in payment terms has a significant negative impact on payables and cash flow for large
Corporates, potentially reducing cash flow by over €100 Million per €1 Billion in spend.
“The LME greatly impacts the way French companies negotiate commercial terms with their suppliers and the nature
of their supply chain relationships. Naturally any regulatory change that impacts the supply chain has a major impact
on a company’s cash flow and profitability,” said Brice Roche, Deloitte Partner.
The seminar demonstrated the value of PrimeRevenue’s Supply Chain Finance solution in light of the new LME
requirements and educated clients on how they can restore their cash flow in this context. The event also established
how Corporates should consider the accounting treatment implications of such programs.
“PrimeRevenue’s open, multi-bank SCF platform allows Corporates to improve cash flow throughout the supply
chain,” said P.J. Bain, CEO of PrimeRevenue. “Our SCF solution offers a unique win-win approach to speeding
supplier payments, supporting the LME rules and improving buyer cash flow.”