Case Study: Genuine Parts Company achieves greater financial flexibility and supplier health with PrimeRevenue supply chain finance

Genuine Parts Company improves cash conversion cycle by 92% with PrimeRevenue

Genuine Parts Company (GPC) needed to improve its financial flexibility and working capital during the global pandemic, while also supporting its suppliers who were facing their own cash flow challenges. To address this, GPC partnered with vendor PrimeRevenue to expand its existing supply chain finance program.

PrimeRevenue's solution involved introducing new funding partners into the program to increase its scope and coverage. This multi-funder approach provided GPC's suppliers with greater access to affordable capital. As a result, GPC improved its Days Payable Outstanding from 39 to 135 days and reduced its cash conversion cycle by 92%. The program also gave suppliers greater financial stability and visibility into their invoices and payments.

Genuine Parts Company