Case Study: Michelin achieves $1B free cash flow goal with PrimeRevenue supply chain finance

Michelin launches supply chain finance in 90 days with PrimeRevenue

The Michelin Group, a leading global brand, sought to reinforce its leadership position and generate an additional $1B in free cash flow. To meet this challenge, Michelin turned to vendor PrimeRevenue and its supply chain finance solution.

PrimeRevenue implemented its supply chain finance program for Michelin, enabling the company to extend supplier payment terms while offering suppliers early payment options. The solution was launched globally in just 90 days. As a result, Michelin successfully extended payment terms by an average of 30 days and is on track to meet its $1B cash flow goal. PrimeRevenue's program also fostered stronger alignment between Michelin's finance, procurement, and supplier teams.

Michelin Group