Working capital management

White Oak Commercial Finance Provides $10 Million Non-Recourse Factoring Facility to Apparel Manufacturer and Importer

Retrieved on: 
Wednesday, June 23, 2021
Fashion, Professional services, Retail, Manufacturing, Finance, Other Manufacturing, Banking, Accounts receivable, Working capital management, Corporate finance, Factoring, Fundamental analysis, Finance, Money, Economy

White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, LLC, announced it provided a $10 million non-recourse factoring facility to a manufacturer and importer of private label apparel products.

Key Points: 
  • White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, LLC, announced it provided a $10 million non-recourse factoring facility to a manufacturer and importer of private label apparel products.
  • We took a hands-on approach to understand the companys short and long-term goals and recognized its unique strengths, said White Oak Vice President Ethan Rosenblum.
  • ABOUT WHITE OAK COMMERCIAL FINANCE, LLC
    White Oak Commercial Finance, LLC (WOCF) is a global financial products and services company providing credit facilities to companies across the economy.
  • WOCF is an affiliate of White Oak Global Advisors, LLC and its institutional clients.

Finstro Signals Intent to Launch U.S.-Based Technology-Driven Trade Credit and Payment Solution in $26 Trillion1 B2B Market

Retrieved on: 
Tuesday, June 22, 2021
Software, Banking, Supply chain management, Professional services, Data management, Technology, Other Manufacturing, Security, Retail, Other Professional Services, Finance, Manufacturing, Finance, Money, Economy, Working capital management, LinkedIn, Recruitment, Trade credit, Online payments, Supply chain management, Verifone

Finstro, a technology-powered provider of trade credit and payment solutions for B2B commerce, is expanding to the U.S. market.

Key Points: 
  • Finstro, a technology-powered provider of trade credit and payment solutions for B2B commerce, is expanding to the U.S. market.
  • Over half of all suppliers in the US have to provide goods and services to their business customers with trade credit to effectively compete.
  • Finstro brings together innovative thinking, experience, and technology to deliver trade credit and payment solutions to suppliers and their business trading partners large and small.
  • For ongoing updates on the company and its plans for the US market, follow Finstro USA on LinkedIn at https://www.linkedin.com/company/finstrous/

1st Commercial Credit Funds over $35 Million in USDA Poultry and Dairy Contracts

Retrieved on: 
Friday, June 18, 2021
Business, Working capital management, Accounting, Economy, Corporate finance, Accounts receivable, Factoring, Fundamental analysis, Invoice, Accounts payable

AUSTIN, Texas, June 18, 2021 /PRNewswire/ -- 1st Commercial Credit, LLC is an invoice factoring and trade payable finance company based out of Austin, TX.

Key Points: 
  • AUSTIN, Texas, June 18, 2021 /PRNewswire/ -- 1st Commercial Credit, LLC is an invoice factoring and trade payable finance company based out of Austin, TX.
  • Primary buyers of the food supply are sometimes referred to as prime contractors that have been awarded the agreements by the USDA.
  • 1st Commercial Credit makes this type of transaction funding easy for clients to pay food suppliers within terms, while offering the primary buyers 14 to 30 day credit terms.
  • 1st Commercial Credit continues to get inquiries from poultry and beef importers that need more cash flow due to the high demand and higher than usual price increases.

Matt Hillseth and Vince Patriarca Join Federal Equipment Company

Retrieved on: 
Thursday, June 17, 2021
Inventory, Inventory optimization, Lean manufacturing, Supply chain management, Plastic, Working capital management, Management, Business process management

CLEVELAND, June 17, 2021 /PRNewswire/ -- Federal Equipment Company welcomes Matt Hillseth as a business development and equipment specialist and Vince Patriarca as an inventory specialist to the organization.

Key Points: 
  • CLEVELAND, June 17, 2021 /PRNewswire/ -- Federal Equipment Company welcomes Matt Hillseth as a business development and equipment specialist and Vince Patriarca as an inventory specialist to the organization.
  • "Really looking forward to growing with the Federal Equipment Company team!
  • Before joining Federal Equipment Company, Hillseth served as an operations specialist at Star Industries.
  • Matt Hillseth can be reached at:
    Vince Patriarca can be reached at:
    Federal Equipment Company is a reliable resource for all processing and packaging equipment needs, with over 60 years of expertise buying and selling used equipment in pharmaceutical, chemical, plastics, rubber, and food processing industries.

Amid Factoring Boom, Industry Leader Reminds Business Owners to Examine Funding Offers Carefully

Retrieved on: 
Thursday, June 17, 2021
Accounts receivable, Working capital management, Corporate finance, Factoring, Fundamental analysis, Finance, Money, Economy

HOUSTON, June 17, 2021 /PRNewswire/ --Leading factoring company Charter Capital is urging business owners to explore their funding options carefully as they ramp up post-pandemic recovery operations.

Key Points: 
  • HOUSTON, June 17, 2021 /PRNewswire/ --Leading factoring company Charter Capital is urging business owners to explore their funding options carefully as they ramp up post-pandemic recovery operations.
  • Coming out of the pandemic is similar, though the need is much greater due to the extended closures and economic uncertainty.
  • By evaluating these types of benefits alongside traditional considerations such as fees, business owners will get more growth potential from their partnership, Brown notes.
  • Business owners should explore their funding options carefully as they ramp up post-pandemic recovery operations.

Olympic Steel Announces Completion of Amendment and Extension of Credit Facility

Retrieved on: 
Wednesday, June 16, 2021
Steel, Manufacturing, Finance, Money, Credit, Economy, Personal finance, Line of credit, Accounts receivable, Revolving credit, Working capital, Working capital management

The revolving credit facility is secured primarily by the accounts receivable, inventory and property and equipment of the Company, excluding real estate.

Key Points: 
  • The revolving credit facility is secured primarily by the accounts receivable, inventory and property and equipment of the Company, excluding real estate.
  • Upon entering into the amendment and extension, the Company had approximately $190 million of availability under the credit facility.
  • The Company intends to use funds borrowed under the revolving credit facility for working capital needs, acquisitions and funding of future growth initiatives.
  • The amendment and five-year extension of our revolving credit facility provides us with an excellent source of low-cost capital to sustain our ongoing operations, as well as additional capital to fund acquisitions and our organic growth, said Olympic Steel Chief Financial Officer Richard A. Manson.

Leading HVAC Distributor Gains Inventory Visibility and Accuracy with Made4net WMS

Retrieved on: 
Wednesday, June 16, 2021
Logistics, Supply chain management, Warehouse, Cycle count, Inventory, Working capital management, Business, Distribution center management system, Warehouse execution system

Prior to Made4net, Sid Harvey's was running the entire DC operation through its ERP, which resulted in many manual processes in the warehouse.

Key Points: 
  • Prior to Made4net, Sid Harvey's was running the entire DC operation through its ERP, which resulted in many manual processes in the warehouse.
  • The company was looking to improve efficiency and accuracy with inbound and outbound processes, and to gain systemic inventory visibility from vendor to branch.
  • The Made4net WMS provides Sid Harvey's with new functionality to support advanced receiving functions, directed putaway, floor task management, and overall employee productivity and inventory accuracy.
  • The Made4net WMS provides ongoing cycle counts, so Sid Harvey's will be able to eliminate an annual, multi-week wall-to-wall physical inventory.

Axele Named a Supply & Demand Chain Executive’s 2021 Top Supply Chain Project

Retrieved on: 
Wednesday, June 16, 2021
Supply chain management, Management, Business process management, Working capital management, Supply & Demand Chain Executive, Supply chain, Demand chain, Chainalytics

DALLAS, June 16, 2021 (GLOBE NEWSWIRE) -- Axele, LLC, a Transportation Management System (TMS) company, announces the company has been selected as a recipient of the Top Supply Chain Projects Award for 2021 from Supply & Demand Chain Executive, the only publication covering the entire global supply chain.

Key Points: 
  • DALLAS, June 16, 2021 (GLOBE NEWSWIRE) -- Axele, LLC, a Transportation Management System (TMS) company, announces the company has been selected as a recipient of the Top Supply Chain Projects Award for 2021 from Supply & Demand Chain Executive, the only publication covering the entire global supply chain.
  • The supply chain industry has been challenged with a host of supply chain disruptions over the last year.
  • These projects show how supply chain solution and service providers help their customers and clients achieve supply chain excellence and prepare their supply chains for success.
  • Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development, and more.

Pandemic invoice write offs more than double, Atradius survey reveals

Retrieved on: 
Wednesday, June 16, 2021
Business, Invoice, Articles, Economy, Accounts receivable, Working capital management

The Payment Practices Barometer survey of both large and small businesses looked at B2B customer payment behaviour over the past year.

Key Points: 
  • The Payment Practices Barometer survey of both large and small businesses looked at B2B customer payment behaviour over the past year.
  • 5% of all credit sales were written off as uncollectable, more than doubling the 2% averge recorded prior to the pandemic.
  • The same story applies to late payments, 54% of business invoices are overdue (compared to 21% in the pre-pandemic year).
  • More than 4 in 10 of the businesses polled (42%) reported accepting credit requests far more frequently than they did before the pandemic.

Pandemic invoice write offs more than double, Atradius survey reveals

Retrieved on: 
Wednesday, June 16, 2021
Business, Invoice, Articles, Economy, Accounts receivable, Working capital management

The Payment Practices Barometer survey of both large and small businesses looked at B2B customer payment behaviour over the past year.

Key Points: 
  • The Payment Practices Barometer survey of both large and small businesses looked at B2B customer payment behaviour over the past year.
  • 5% of all credit sales were written off as uncollectable, more than doubling the 2% averge recorded prior to the pandemic.
  • The same story applies to late payments, 54% of business invoices are overdue (compared to 21% in the pre-pandemic year).
  • More than 4 in 10 of the businesses polled (42%) reported accepting credit requests far more frequently than they did before the pandemic.