DALLAS – QUADREM’s new QuickPay solution helps suppliers drive working capital optimization and cost reductions. The first solution of its kind to be offered by an e-marketplace, 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.
Quadrem is partnering with PrimeRevenue (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.
Quadrem customers in Africa, Australia, Canada, and the United States can leverage QuickPay immediately, with roll out to other regions expected in 2006. For particulars see www.Quadrem.com.