SAP Ariba ends PrimeRevenue supply chain finance agreement

SAP Ariba has ended its three-year-old agreement with PrimeRevenue to deliver multi-funder supply chain financing to its users. 

The deal, announced in April 2016, saw SAP Ariba integrate PrimeRevenue’s supply chain finance solution into its own procure-to-pay solution, giving PrimeRevenue access to a huge potential customer base.

SAP Ariba would give little information about why it ended the agreement, saying it was “constantly reevaluating our existing offerings and partnerships to better serve our customers’ needs. We are always listening to suppliers and buyers so that we can improve their experience and operations".