Working capital management

TransferMate's Unique Receivables Solution Enables Businesses to Reduce Debtor Days, Eliminate Bank Fees and Gain Full Visibility on Cash Flow

Retrieved on: 
Monday, April 20, 2020

The payments solution enables TransferMate clients to reduce their days sales outstanding (DSO) while gaining control and visibility on invoicing and future cash flow.

Key Points: 
  • The payments solution enables TransferMate clients to reduce their days sales outstanding (DSO) while gaining control and visibility on invoicing and future cash flow.
  • TransferMate's Chief Product Officer, Gary Conroy, will host a webinar on April 30 to demonstrate the impact of the receivables solution.
  • TransferMate's receivables solution provides businesses with a faster, cost-effective, integrated and automated way to collect funds from payers abroad.
  • Businesses that want to learn more about TransferMate's receivables solution can sign up for TransferMate's April 30th webinar with Chief Product Officer Gary Conroy.

Treasurers in the Spotlight to Manage Covid-19 Risks

Retrieved on: 
Tuesday, April 14, 2020

Given the level of disruption the virus has caused, corporate treasurers are also looking more closely for credit risks in their supply chain and client base.

Key Points: 
  • Given the level of disruption the virus has caused, corporate treasurers are also looking more closely for credit risks in their supply chain and client base.
  • Asked to name how they are dealing with increased risks, 44% of responses from treasurers indicated they are more closely scrutinizing credit, receivables and financing from their customers and suppliers.
  • "The pandemic is making the role of corporate treasurers more important than ever before," said David Tamburelli, Bloomberg's Head of Workflow Specialists in North America.
  • Only 1% of responses indicated that the crisis was such an outlier that it would not have any effect on corporate treasurers' responsibilities.

apexanalytix Spends One Year Ranked Top Supplier Management and Risk Solution by Spend Matters

Retrieved on: 
Thursday, April 9, 2020

GREENSBORO, N.C., April 9, 2020 /PRNewswire-PRWeb/ -- apexanalytix , the ultimate supplier management company, has been recognized as the top solution for Supplier Relationship Management and Risk (SRM) by Spend Matters in its Q1 2020 SolutionMap for procurement technology cementing the company's position as the top rated solution for a full year.

Key Points: 
  • GREENSBORO, N.C., April 9, 2020 /PRNewswire-PRWeb/ -- apexanalytix , the ultimate supplier management company, has been recognized as the top solution for Supplier Relationship Management and Risk (SRM) by Spend Matters in its Q1 2020 SolutionMap for procurement technology cementing the company's position as the top rated solution for a full year.
  • As organizations around the globe prioritize identifying and solving for crisis and risk management gaps, the need for supplier information management, risk and performance management solutions becomes more critical than ever.
  • Today, apexanalytix leads the world in supplier management innovation with apexportal and smartvm, the most popular supplier onboarding and compliant master data management solutions available.
  • With over 250 clients in the Fortune 500 and Global 2000, apexanalytix is dedicated to providing companies and their suppliers the ultimate supplier management experience.

TAB Bank Provides Outdoor Products Company in Utah with an $8 Million Revolving Credit Facility

Retrieved on: 
Thursday, April 9, 2020

OGDEN, Utah, April 09, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $8 million asset-based revolving credit facility for an outdoor products company based in Utah.

Key Points: 
  • OGDEN, Utah, April 09, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $8 million asset-based revolving credit facility for an outdoor products company based in Utah.
  • The new facility is extended through a multi-year agreement and will provide for the companys ongoing working capital needs.
  • The company specializes in the design, development, manufacturing, and distribution of branded and co-branded products within the outdoor industry.
  • 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.

Taulia: Early Payment Volume Is Up 208% as Small Business Demand for Financing Increases During the COVID-19 Crisis

Retrieved on: 
Thursday, April 9, 2020

Early payment volume is up 208% month-over-month as COVID-19 increases demand for financing by small businesses, according to the latest insights by Taulia, the leader in working capital technology solutions.

Key Points: 
  • Early payment volume is up 208% month-over-month as COVID-19 increases demand for financing by small businesses, according to the latest insights by Taulia, the leader in working capital technology solutions.
  • These statistics reflect that small businesses are looking for ways beyond traditional bank lending to access financing to overcome cash flow gaps and obtain working capital.
  • As economic conditions have deteriorated, especially credit markets, we have seen a tremendous increase in demand for early payments.
  • Having the ability to request early payment has given us certainty as we dont know what the future may hold.

Inxeption Offers Financial Assistance to Customers Facing COVID-19 Challenges

Retrieved on: 
Wednesday, April 8, 2020

Factoring: Subject to certain conditions, Inxeption will purchase up to $100K in receivables from customers for a low factoring fee, so that customers can meet near-term payrolls and other operational needs.

Key Points: 
  • Factoring: Subject to certain conditions, Inxeption will purchase up to $100K in receivables from customers for a low factoring fee, so that customers can meet near-term payrolls and other operational needs.
  • Trade Financing: Secondly, subject to certain conditions, Inxeption is offering up to $100K in trade financing to Commerce Partners so that they can extend payment terms to their customers.
  • In other words, Inxeption will offer low-interest business loans that allow Commerce Partners to offer their customers extended payment terms of 30, 60, or 90 days.
  • Inxeption has established a special financial team led by Director of Customer Success Laura Wise to handle inquiries and process applications for these programs.

PrimeRevenue Injects Critical Liquidity into Global Economy Amid Supply Chain Disruption, Sees Dramatic Spike in Demand for Early Payment

Retrieved on: 
Wednesday, April 8, 2020

The impacts of COVID-19 have created a global need for liquidity and these played out very quickly on PrimeRevenue's working capital platforms.

Key Points: 
  • The impacts of COVID-19 have created a global need for liquidity and these played out very quickly on PrimeRevenue's working capital platforms.
  • March showed suppliers trading 93% of available invoices for early payment, well above the typical rates ranging between 70% and 80%.
  • The demand for cash stems from companies' rush to secure critical liquidity during this period of extreme uncertainty.
  • Unlike dynamic discounting or early pay discounts,supply chain finance provides a net working capital benefit to both sides of the transaction injecting critical liquidity into the supply chain two-fold.

Grace Provides COVID-19 Update; Highlights Strong Financial Position and Cash Flow

Retrieved on: 
Friday, April 3, 2020

Our global manufacturing footprint, strategic flexibility and strong business continuity plans position us to remain a reliable technology supplier to our customers.

Key Points: 
  • Our global manufacturing footprint, strategic flexibility and strong business continuity plans position us to remain a reliable technology supplier to our customers.
  • Graces balance sheet and cash position remain strong, with ample liquidity and resilient cash flows.
  • We have disciplined approaches to cash flow generation and capital allocation and made cash flow our principle operating and financial metric in March when COVID-19 became a global pandemic.
  • Resilient Cash Flows: Our cash position is strong, and we are taking proactive actions to further support free cash flow.

Dryrun announces free three-month subscription of Cash Flow Management Software to support businesses

Retrieved on: 
Thursday, April 2, 2020

EDMONTON, April 2, 2020 /PRNewswire/ - Dryrun announces immediate availability of their Cash Flow Management Software with afree three-month subscription, enabling users to forecast their cash flow requirements during this highly disruptive period.

Key Points: 
  • EDMONTON, April 2, 2020 /PRNewswire/ - Dryrun announces immediate availability of their Cash Flow Management Software with afree three-month subscription, enabling users to forecast their cash flow requirements during this highly disruptive period.
  • "Dryrun is the quintessential cash flow management software that provides Business Decision makers with a tool that gives them a much-needed perspective on their business performance during these trying times we are all experiencing globally," says Blaine Bertsch, CEO Dryrun.
  • The Cash Flow Management Software with the free three-month offer is available now with your subscription.
  • Dryrun's commitment to delivering state-of-the-art solutions in the Cash Flow Management Software category is available at www.dryrun.com .

Capital Financial Global Gains Momentum With Increased Demand For Invoice Factoring In Its Commercial Finance Division As Companies are Requiring Extra Capital To Make Strategic Moves Driven By New Opportunities

Retrieved on: 
Thursday, April 2, 2020

The Company acquired its invoice factoring capacity a year ago through a merger with Affiliated Funding Corporation and operates the division as part of its Commercial Finance Division.

Key Points: 
  • The Company acquired its invoice factoring capacity a year ago through a merger with Affiliated Funding Corporation and operates the division as part of its Commercial Finance Division.
  • Right now we have more demand for our invoice factoring services than we expected, said Paul Edward Norat, CEO of Capital Financial Global.
  • Invoice factoring is an effective way for companies to meet cash flow demands by getting an advance against their accounts receivable.
  • Capital Financial Global offers invoice factoring to businesses that can demonstrate strong credit worthiness in their customer base.