Working capital management

Hackett Survey: Pandemic Drives Significant Changes In Working Capital Performance in 2020

Retrieved on: 
Thursday, July 15, 2021
Finance, Consulting, Data management, Professional services, Technology, Financial data vendors, Money, Finance, Financial markets, FactSet, Working capital management, Working capital, NASDAQ, Cash conversion cycle

The pandemic drove significant changes in working capital performance among the 1000 largest non-financial U.S. companies in 2020, according to new research from The Hackett Group , Inc. (NASDAQ: HCKT).

Key Points: 
  • The pandemic drove significant changes in working capital performance among the 1000 largest non-financial U.S. companies in 2020, according to new research from The Hackett Group , Inc. (NASDAQ: HCKT).
  • The Hackett Groups research identified a working capital improvement opportunity of more than $1.2 trillion among the companies surveyed.
  • Overall, the Cash Conversion Cycle (CCC), a standard measure of working capital performance, deteriorated by 2% in 2020, driven by increases in inventories and receivables.
  • The Hackett Group Working Capital Survey and Scorecard calculates working capital performance based on the latest publicly available annual financial statements of the 1,000 largest non-financial companies with headquarters in United States, sourced from FactSet/FactSet Fundamentals.

Logicpath Announces New Website to Reflect Rapid Growth in Cash Forecasting Software Marketplace

Retrieved on: 
Thursday, July 15, 2021
Inventory, Supply chain management, Working capital management, Management, Lean manufacturing, Field inventory management

ATLANTA, July 15, 2021 /PRNewswire/ --Atlanta-based fintech SaaS company logicpath, a leader in AI-driven cash supply chain technology,has unveiled its new company website: logicpath.com .

Key Points: 
  • ATLANTA, July 15, 2021 /PRNewswire/ --Atlanta-based fintech SaaS company logicpath, a leader in AI-driven cash supply chain technology,has unveiled its new company website: logicpath.com .
  • This rebranding initiative reflects the evolution of the company and itsrecentlaunchof an exciting new milestone version of C3 Financial , artificial intelligence(AI)and cash inventory management software innovating the financial services industry.
  • "As a leader in cash inventory management technologyanda2020 Top Cash Management Solution Provider,logicpath is now positionedto become synonymous withAI-driven cash operations technologyas the marketfor these toolscontinue to grow rapidly."
  • C3 Financial , logicpath's SaaS cash forecasting and inventory management software focuses on optimizing the cash supply chain by increasing efficiency, reducing expenses, and centralizing visibility of the cash network.

ThermoCredit Creates Credit Facility for ASC Partners

Retrieved on: 
Wednesday, July 14, 2021
Working capital management, Corporate finance, Accounts receivable, Factoring, Fundamental analysis, ASC, Finance, Money, Economy

TAMPA, Fla., July 14, 2021 /PRNewswire-PRWeb/ -- Thermo Credit LLC has entered into an agreement with ASC Partners to provide a rapid access credit facility.

Key Points: 
  • TAMPA, Fla., July 14, 2021 /PRNewswire-PRWeb/ -- Thermo Credit LLC has entered into an agreement with ASC Partners to provide a rapid access credit facility.
  • The $250,000 factoring facility has been created for ASC Partners to continue growth of other business interests.
  • "ASC Partners approached ThermoCredit about a creating a credit facility to help fund other business opportunities and we were only too happy to be their finance company of choice," said Seth Block, ThermoCredit's Executive Vice President.
  • "Clients like ASC Partners are the kinds of companies ThermoCredit works with every day.

ABL Lenders Should Revisit Collateral Value in Shortage-Strained Foodservice Sector, Advises Veteran Tiger Group Appraiser

Retrieved on: 
Tuesday, July 13, 2021
Distribution, Foodservice distributor, Material-handling equipment, Inventory, Working capital management, Secondary sector of the economy

"Foodservice distributors generally adapted well to the massive disruptions triggered by the pandemic," writes the Chicago-based valuations industry veteran.

Key Points: 
  • "Foodservice distributors generally adapted well to the massive disruptions triggered by the pandemic," writes the Chicago-based valuations industry veteran.
  • In his article (" Restaurant Rebound Tests the Limits of U.S. Food Distributors "), Schloemer notes that foodservice inventory and M&E have historically been stable forms of collateral.
  • But there is good news, too: Demand for shelving, trucks, material-handling and storage equipment may in some cases be increasing collateral value, Schloemer observes.
  • "Make sure routes have been optimized, and personnel and rolling stock are at the right levels," advises the Tiger Group executive.

Digital Pioneer Cesar Gon Joins the Nonprofit Lean Enterprise Institute's Board of Directors

Retrieved on: 
Tuesday, July 13, 2021
Lean manufacturing, Supply chain management, Lean enterprise, Lean, CI&T, Continual improvement process, Secondary sector of the economy, Working capital management

BOSTON, July 13, 2021 /PRNewswire-PRWeb/ --The nonprofit Lean Enterprise Institute (LEI), a global leader in lean management thinking, practice, and innovation, today announced that digital technology veteran Cesar Gon has joined its board of directors.

Key Points: 
  • BOSTON, July 13, 2021 /PRNewswire-PRWeb/ --The nonprofit Lean Enterprise Institute (LEI), a global leader in lean management thinking, practice, and innovation, today announced that digital technology veteran Cesar Gon has joined its board of directors.
  • Gon brings to the LEI board deep knowledge of how lean management and digital technologies work together.
  • Since 2007 when CI&T began using lean management principles internally, it has pioneered the application of lean continuous improvement to digital transformations.
  • "It's an honor to join Lean Enterprise Institute's Board of Directors, and I look forward to working closely with the leadership team to continue to support its mission," Gon said.

Century Fasteners Corp. - Mark James, Promoted

Retrieved on: 
Monday, July 12, 2021
Metal fabrication, Inventory, Working capital management, Fasteners, Business process management

ELMHURST, N.Y., July 12, 2021 /PRNewswire/ --Century Fasteners Corp. ( www.CenturyFasteners.com ) has promoted sales and inventory management professional Mark James to the position of Branch Manager for the Atlanta, GA and Richmond, VA Operations.

Key Points: 
  • ELMHURST, N.Y., July 12, 2021 /PRNewswire/ --Century Fasteners Corp. ( www.CenturyFasteners.com ) has promoted sales and inventory management professional Mark James to the position of Branch Manager for the Atlanta, GA and Richmond, VA Operations.
  • In addition, Mark has expertise in sales, sales management, inventory management, purchasing, contract negotiations, continuous improvement and strategic account management.
  • Century Fasteners Corp. is a Master Distributor of fastener and non-fastener components to the military, aerospace, electronics, automotive, sheet metal fabrication, contract manufacturing, telecommunications and medical industries.
  • Visit us online to learn about the products and services offered by Century Fasteners Corp. www.CenturyFasteners.com .

New Inventory Visibility and Collaboration Capabilities Enhance Ivalua's Procure-to-Pay Solution

Retrieved on: 
Monday, July 12, 2021
Supply chain management, Working capital management, Lean manufacturing, Inventory optimization, Inventory, Business process management, Logistics, Vendor-managed inventory, Supply chain, Warehouse, Inventory control, Inventory management software

The solution streamlines and automates the management of inventory levels, the stock replenishment process and collaboration with suppliers for Vendor Managed Inventory (VMI), addressing both indirect spend and direct materials needs.

Key Points: 
  • The solution streamlines and automates the management of inventory levels, the stock replenishment process and collaboration with suppliers for Vendor Managed Inventory (VMI), addressing both indirect spend and direct materials needs.
  • Organizations often face challenges due to poor visibility and collaboration with suppliers with respect to optimizing inventory levels, streamlining stock replenishment, communicating demand forecasts and planned orders, ultimately leading to suboptimal inventory levels.
  • Ivalua's fully integrated Inventory Collaboration solution helps customers streamline and optimize inventory levels in sync with the broader procure-to-pay process.
  • warehouse, plant, stockroom)
    To address supply chain and direct materials needs, Ivalua also offers a Vendor Managed Inventory (VMI) capability, enabling efficient collaboration with suppliers that manage inventory for their customers.

New Study Shows Accounts Receivable Modernization is More Perception Than Reality

Retrieved on: 
Monday, July 12, 2021
Technology, Finance, Banking, Other Technology, Accounting, Professional services, Software, Data management, Other Professional Services, Accounts receivable, Asset, AR, Working capital management, the Study, Billtrust, THE STUDY, BILLTRUST

Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments leader, released the results of an in-depth qualitative and quantitative research study to better understand the current state of the U.S. accounts receivable (AR) industry.

Key Points: 
  • Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments leader, released the results of an in-depth qualitative and quantitative research study to better understand the current state of the U.S. accounts receivable (AR) industry.
  • The research covers current AR trends, challenges, priorities, systems, tools and modernization efforts and is summarized in a new white paper, The State of Accounts Receivable: The Journey to Modernize, available at Billtrust.com .
  • Clearly, accounts receivable professionals perception of modern processes is not aligned with what is considered state-of-the-art, said Steve Pinado, Billtrust President.
  • Accounts receivable is broken and relies on conventional processes that are outdated, inefficient, manual and largely paper based.

Made-in-China.com offers free business report to global buyers

Retrieved on: 
Friday, July 9, 2021
Culture, Buyer, Fashion, Fashion industry, Supply chain management, Working capital management, E-commerce

This year, Made-in-China.com introduced a brand new service to global buyers the StarTude Business Report.

Key Points: 
  • This year, Made-in-China.com introduced a brand new service to global buyers the StarTude Business Report.
  • With this report, the buyers can get better help to understand China and Chinese suppliers.
  • Except for the business report, the Star Buyer's Day have 3 more benefits for buyers to butter resource in China, which are: free samples, double bonus points and online trading coupons.
  • All the buyers can get these upper benefits on Made-in-China.com Star Buyers' Day a monthly membership day dedicated to all buyers.

CapitalNow Cannabis expands purchasing power to $20M

Retrieved on: 
Thursday, July 8, 2021
Accounts receivable, Corporate finance, Factoring, Fundamental analysis, Working capital management, Finance, Money, Economy

CALGARY, ABand VANCOUVER, BC, July 8, 2021 /CNW/ - CapitalNow Cannabis * proud and first cannabis member of the International Factoring Association (IFA) expands purchasing power of Business-to-Business (B2B) invoices to $20M.

Key Points: 
  • CALGARY, ABand VANCOUVER, BC, July 8, 2021 /CNW/ - CapitalNow Cannabis * proud and first cannabis member of the International Factoring Association (IFA) expands purchasing power of Business-to-Business (B2B) invoices to $20M.
  • Joshua Reynolds , President - CapitalNow Cannabis
    CapitalNow Cannabis*, the first cannabis member of the IFA, expands purchasing power of B2B invoices to $20M.
  • CapitalNow Cannabis provides urgently needed, bespoke, supply-chain financing programs to Canadian cannabis companies .
  • CapitalNow Cannabis is an alternative finance company focused on the emerging Canadian cannabis supply chain.