Case Study: Volvo Car Group strengthens supplier resilience and working capital with PrimeRevenue supply chain finance

Volvo Car Group boosts DPO from 50 to 74 days with PrimeRevenue

Volvo Car Group faced significant challenges during the global pandemic, including production shutdowns and reduced consumer demand, which strained its own finances and the health of its supply chain. To improve its working capital and fortify its supply chain, Volvo partnered with vendor PrimeRevenue to implement a supply chain finance program.

PrimeRevenue's solution provided an early payment option for Volvo's suppliers, giving them access to critical liquidity. The program was highly successful, increasing Volvo's days payable outstanding from approximately 50 to 74 days. For its suppliers, the PrimeRevenue-led program was a lifeline; over 100 suppliers were onboarded, and 92% of all invoices were advanced for early payment, helping them navigate the economic instability.

Volvo Car Group