Working capital management

Factor Launches 'Factor Connect' Partnership Program to Accelerate Innovation

Retrieved on: 
Wednesday, July 28, 2021

NEW YORK, July 28, 2021 /PRNewswire-PRWeb/ -- In another step toward broader collaboration with the global legal ecosystem, New Law pioneer Factor today announced its inaugural partnership program, Factor Connect , bringing together world-class legal technology providers and specialists to help accelerate innovation in the delivery of legal services.

Key Points: 
  • NEW YORK, July 28, 2021 /PRNewswire-PRWeb/ -- In another step toward broader collaboration with the global legal ecosystem, New Law pioneer Factor today announced its inaugural partnership program, Factor Connect , bringing together world-class legal technology providers and specialists to help accelerate innovation in the delivery of legal services.
  • Factor's partner program launches today with an initial cohort of five participating companies, whose tools Factor has thoroughly tested and validated both internally and among clients for effectiveness and fit with Factor's methodologies.
  • Factor will work with:
    Acadia , offering digitization and regulatory compliance services for financial services documentation with secure and scalable methods.
  • "Coming together today is just the beginning announcing our partnership program is also an open invitation to the market to come and work with us."

8 More U.S. Grocers Sign with FoodStorm to Manage Prepared Foods Offerings From Order Placement through Production, Payment and Fulfilment

Retrieved on: 
Monday, July 26, 2021

NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- FoodStorm, which provides the only catering software developed for grocers, announced today that since March 2021, it has signed eight new U.S. grocery customers including DeCicco & Sons, Cardiff Seaside Market, Village Market, Fruit Center Marketplace and Caraluzzi's Markets.

Key Points: 
  • All of these grocers will be using FoodStorms software to automate the entire catering/prepared foods ordering, production, payment and fulfilment process from one centralized system.
  • Although catering and prepared foods are among a grocers most profitable offerings, most grocers still manage these orders using spreadsheets, paper order forms and sticky notes.
  • Their existing ecommerce, inventory and POS systems dont support the complexities of catering and prepared foods, including managing production, ingredients, lead times and shelf life.
  • FoodStorm provides the only catering software developed for grocers, to help them manage their prepared foods offerings across multiple departments and locations, from order placement through payment and delivery.

UK Temporary-Employment Placement Agencies Market Research Report 2021 - ResearchAndMarkets.com

Retrieved on: 
Monday, July 26, 2021

The "Temporary-Employment Placement Agencies in the UK - Industry Market Research Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Temporary-Employment Placement Agencies in the UK - Industry Market Research Report" report has been added to ResearchAndMarkets.com's offering.
  • Businesses in this industry provide their clients with workers to temporarily replace or supplement their existing labour force.
  • This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors.
  • Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Wine Cellar Businesses Can Avoid Costly Stock Problems With SimplyRFID

Retrieved on: 
Monday, July 26, 2021

Without inventory control, companies risk experiencing a shortage of stocks, overstocks and other costly problems.

Key Points: 
  • Without inventory control, companies risk experiencing a shortage of stocks, overstocks and other costly problems.
  • SimplyRFID has written a guide on how a wine cellar company can manage its stock using RFID for less than $300 per month when they have Wave RFID.
  • If the SKU exists in the wine database, all the details about the wine are loaded into the handheld device.
  • Staff now has the ability to determine stock levels and can make appropriate suggestions about wines that are in stock.

BankProv Launches ProvXchange Network & Industry-Leading APIs

Retrieved on: 
Thursday, July 22, 2021

ProvXchangeTM enables BankProv clients to transfer between their accounts and the accounts of other BankProv clients in real-time without the delays of traditional payment rails.

Key Points: 
  • ProvXchangeTM enables BankProv clients to transfer between their accounts and the accounts of other BankProv clients in real-time without the delays of traditional payment rails.
  • Using the bank's APIs, clients can also get up-to-date, accurate information on their accounts to effectively maintain receivable and payables, and easily maximize business productivity.
  • "BankProv is one of only a few banks looking to drive the utilization of customer-facing API products," said Dave Mansfield, CEO of BankProv.
  • The buildout of the ProvXchange network truly answers the needs of this community that has been asking for more solutions to meet their unique needs," he said.

Adaptivity Announces New CxO Practice, Continuing Focus on Helping Companies Adapt for the Future

Retrieved on: 
Thursday, July 22, 2021

"We are very excited to announce this new offering and expand our ability to help companies become more effective and secure," said Adaptivity President and CEO John Graham.

Key Points: 
  • "We are very excited to announce this new offering and expand our ability to help companies become more effective and secure," said Adaptivity President and CEO John Graham.
  • "For example, given the recent cyber-attack headlines, we know there are many companies that understand they need to do something, but may not know where to start.
  • Utilizing experienced leaders from across multiple industries, AdaptivityCxO delivers the high caliber results that companies need, without the expense of having the leader on staff full-time.
  • "We understand different companies focus on these aspects at different points in their evolution based on a number of factors.

New Study Shows Cash Remains a Mainstay for Both Consumers and Businesses, Even in the Age of Technology

Retrieved on: 
Tuesday, July 20, 2021

WILMINGTON, Del., July 20, 2021 (GLOBE NEWSWIRE) -- Despite the availability of technology-driven forms of payment such as credit cards, debit cards, and mobile wallets, cash remains a mainstay for both consumers making payments (40% prefer to use cash) and businesses accepting them (78% accept cash as a form of payment), according to a new study published by Cash Connect, a division of WSFS Bank that provides cash logistics services.

Key Points: 
  • This trend will be one to watch, especially for businesses that accept cash.
  • Once the cash is within the business system, it is up to the financial decision maker to safely deposit it.
  • Despite reports that claim cash is obsolete, it is clear that cash is a valuable asset to many consumers and business leaders alike, said Clatworthy.
  • However, many respondents said they cap their cash purchases at $31, as 54% only carry $1-$50 in cash on them.

GemCap Partners with VION Investments in Low- and Middle-Market Commercial Funding

Retrieved on: 
Tuesday, July 20, 2021

SAN ANTONIO, July 20, 2021 /PRNewswire/ -- GemCap is pleased to announce the receipt of investment capital from VION Investments, an Atlanta based provider of funding to companies managing receivable assets.

Key Points: 
  • SAN ANTONIO, July 20, 2021 /PRNewswire/ -- GemCap is pleased to announce the receipt of investment capital from VION Investments, an Atlanta based provider of funding to companies managing receivable assets.
  • David Ellis, Co-President of GemCap said, "This investment by VION provides GemCap with the resources for immediate growth.
  • The markets we serve represent 25% of the U.S. economy, yet receive less than 1% of all commercial finance delivered.
  • VION Investments, headquartered in Atlanta, Georgia, is a specialty finance company focused on receivables purchasing and funding and other innovative financing solutions.

TAB Bank Provides Beverage Company in Illinois with a $5 Million Asset-Based Credit Facility

Retrieved on: 
Tuesday, July 20, 2021

OGDEN, Utah, July 20, 2021 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a beverage company in Illinois with a $5 million asset-based credit facility.

Key Points: 
  • OGDEN, Utah, July 20, 2021 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a beverage company in Illinois with a $5 million asset-based credit facility.
  • The new facility is extended through a multi-year agreement and will provide for the companys ongoing working capital needs.
  • TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries.
  • TAB Bank does this through a variety of asset-based structures including Asset-Based Revolving Loans, Accounts Receivable Financing, Lines of Credit, and Equipment Finance.

Doug Baker, Jr., Joins JIT Services as an Owner

Retrieved on: 
Monday, July 19, 2021

MINNEAPOLIS, July 19, 2021 /PRNewswire/ -- JIT Services ("JIT"), a growing sustainability company, announced today that former Ecolab CEO Doug Baker, Jr., has joined the company's ownership group and board of directors, which also includes JIT CEO Ravi Norman, JIT President Mike Menzel and Dr. Harold Massey.

Key Points: 
  • MINNEAPOLIS, July 19, 2021 /PRNewswire/ -- JIT Services ("JIT"), a growing sustainability company, announced today that former Ecolab CEO Doug Baker, Jr., has joined the company's ownership group and board of directors, which also includes JIT CEO Ravi Norman, JIT President Mike Menzel and Dr. Harold Massey.
  • "JIT already delivers outstanding value to its customers and community, and has the opportunity and capability to do even more.
  • Doug joining JIT signifies the evolution of our organization and comes at a pivotal time when we are poised for growth."
  • JIT Services is a Corporate Plus National Minority Supplier Development Council-certified Minority Business Enterprise and has been minority owned since its founding in 1991.