News Releases

BMO Capital Markets, a member of BMO Financial Group (TSX, NYSE:BMO), and PrimeRevenue, the leading technology provider of Supply Chain Finance (SCF) solutions, announced today that they will jointly offer innovative Supply Chain Finance services to expand BMO's global trade and treasury offerings. BMO's Supply Chain Finance Solutions suite is designed to eliminate working capital inefficiencies, enable collaboration and provide greater transparency of information throughout the supply chain. 

“Business leaders recognize that by achieving greater control and transparency of accounts payable and receivable, they can improve cash flow and profitability , manage concentration risk, and strengthen supply chain relationships,” said Sara Joyce, Executive Managing Director and Head of International Financial Institutions and Trade Finance, BMO Capital Markets.

“We are proud of our relationship with BMO,” said Joe Juliano, CEO, PrimeRevenue. “The growing list of financial services leaders offering a PrimeRevenue-powered solution is testament to our offering while evidencing the compelling value of SCF solutions for Global 2000 companies and the supply chains supporting them.”

In a recent publication, research firm AberdeenGroup stated that “the magnitude of potential gains from SCF is staggering.  Finance costs associated with products moving through the supply chain comprise 4% of finished goods costs (the same size as transportation and distribution costs), and have remained virtually untouched by new technology and process for the last 40 years.”  SCF solutions, added Aberdeen, provide a strong opportunity “to provide significant and measurable bottom line benefits.”

About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization.  With total assets of more than C$311 billion as at July 31, 2006, and more than 35,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and solutions.  BMO Financial Group serves clients across Canada through its Canadian retail arm, BMO Bank of Montreal and through its wealth management firms BMO Nesbitt Burns, BMO InvestorLine and BMO Harris Private Banking. BMO Capital Markets, our North American investment and corporate banking division, provides a full suite of financial products and services to our North American and international clients. In the United States, BMO serves clients through Chicago-based Harris, an integrated financial services organization that provides more than one million personal and business clients with banking, lending, investing, financial planning, trust administration, portfolio management, family office and wealth transfer services.

About PrimeRevenue, Inc.

PrimeRevenue's leading global Supply Chain Finance (SCF) platform and solutions enable dramatic new working capital efficiencies for the benefit of buyers and their suppliers.  PrimeRevenue achieves this through the delivery of secure, robust, industry-leading technology, a global community of the world's most innovative financial institutions and partners, and flexible working capital solutions and advice.  Companies are relying on SCF deployments powered by PrimeRevenue to increase profitability, remove risk from their supply chain, and forge stronger trading partner relationships.  Headquartered in Atlanta, Georgia, PrimeRevenue has offices and customers throughout the world.  For more information visit www.primerevenue.com. 

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