Working capital management

Trade Ledger supercharges business loan approval speeds, delivering 90% reduction in 'time to yes' in ScotPac asset finance pilot

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星期一, 九月 6, 2021

The partnership demonstrates the game-changing scope of the Trade Ledger platform for business lenders and their customers, dramatically reducing application turnaround times.

Key Points: 
  • The partnership demonstrates the game-changing scope of the Trade Ledger platform for business lenders and their customers, dramatically reducing application turnaround times.
  • ScotPac is using Trade Ledger's data-driven lending platform to unlock all types of working capital and business lending products for SMEs who cannot always easily access finance.
  • "SMEs can quickly access multiple products (including our debtor finance, asset finance and trade finance), to solve their most bespoke or complex funding problems.
  • For more than 30 years ScotPac has helped thousands of business owners succeed, by unlocking the value from their business assets.

Trade Ledger supercharges business loan approval speeds, delivering 90% reduction in 'time to yes' in ScotPac asset finance pilot

Retrieved on: 
星期一, 九月 6, 2021

LONDON, Sept. 6, 2021 /PRNewswire/ -- Global digital lending platform innovator, Trade Ledger, has joined forces with ScotPac, Australia and New Zealand's largest non-bank SME lender, to create a market-leading origination and underwriting experience for business funding. The partnership demonstrates the game-changing scope of the Trade Ledger platform for business lenders and their customers, dramatically reducing application turnaround times.

Key Points: 
  • The partnership demonstrates the game-changing scope of the Trade Ledger platform for business lenders and their customers, dramatically reducing application turnaround times.
  • ScotPac is using Trade Ledger's data-driven lending platform to unlock all types of working capital and business lending products for SMEs who cannot always easily access finance.
  • "SMEs can quickly access multiple products (including our debtor finance, asset finance and trade finance), to solve their most bespoke or complex funding problems.
  • For more than 30 years ScotPac has helped thousands of business owners succeed, by unlocking the value from their business assets.

TAB Bank Provides Chemical Manufacturer in Texas with a $9 Million Asset-Based Credit Facility

Retrieved on: 
星期二, 八月 3, 2021

OGDEN, Utah, Aug. 03, 2021 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a chemical manufacturer in Texas with a $9 million asset-based credit facility comprised of a $6 million accounts receivable and inventory line plus a $2 million equipment loan with additional equipment funding available for future CapEx needs.

Key Points: 
  • OGDEN, Utah, Aug. 03, 2021 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a chemical manufacturer in Texas with a $9 million asset-based credit facility comprised of a $6 million accounts receivable and inventory line plus a $2 million equipment loan with additional equipment funding available for future CapEx needs.
  • 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.

Creatd, Inc. Benefits from Substantial Debt Conversion and Warrant Exercise Activity During July 2021

Retrieved on: 
星期一, 八月 2, 2021

Moreover, during July 2021, the Company received cash proceeds of approximately $4.2 million from the exercise of warrants at a price of $4.50, also above market.

Key Points: 
  • Moreover, during July 2021, the Company received cash proceeds of approximately $4.2 million from the exercise of warrants at a price of $4.50, also above market.
  • Commented Creatd CEO Jeremy Frommer, "During July, we made great progress towards our objective of strengthening our balance sheet.
  • With top line growth, manageable debt, and a healthy cash level, we have no immediate need to raise additional funds.
  • New factors emerge from time to time, and it is not possible for us to predict all of such factors.

Facevalue Launches Pan European Online Factoring Solution For SMEs

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星期一, 八月 2, 2021

HILVERSUM, Netherlands, Aug. 2, 2021 /PRNewswire/ --Dutch FinTech Facevalue introduces a unique Accounts Receivable Finance solution for European SMEs that challenges traditional factoring.

Key Points: 
  • HILVERSUM, Netherlands, Aug. 2, 2021 /PRNewswire/ --Dutch FinTech Facevalue introduces a unique Accounts Receivable Finance solution for European SMEs that challenges traditional factoring.
  • Facevalue offers complete flexibility to its clients to determine which receivables they want to sell and charge no fixed fees.
  • Most factoring solutions to SMEs require that the business sell all their outstanding accounts receivables to the Financier for a fixed period, usually two years that includes high fixed costs.
  • Prior to the launch of its SME solution, it has been servicing the corporate mid-market in collaboration with Global Transaction Banks.

Surgery Centers get much needed efficiencies with PREFcards™ integration

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星期日, 八月 1, 2021

LAS VEGAS, Aug. 1, 2021 /PRNewswire/ -- PREFcards , a cloud-based, mobile-friendly preference card manager for ASC's and Hospitals is announcing an integration partnership today with Hybrent, a multi-vendor inventory manager & procurement platform.

Key Points: 
  • LAS VEGAS, Aug. 1, 2021 /PRNewswire/ -- PREFcards , a cloud-based, mobile-friendly preference card manager for ASC's and Hospitals is announcing an integration partnership today with Hybrent, a multi-vendor inventory manager & procurement platform.
  • This API integration allows their mutual clients to gain efficiencies like perpetual inventory management based on items actually used in surgery.
  • When master inventory is updated inside of Hybrent, those changes will automatically be updated inside PREFcards.
  • And when items are marked as used inside PREFcards, a deprecation file is sent back to Hybrent so stock levels can be updated automatically.

Billtrust to Participate in the KeyBanc Technology Leadership Forum on August 12, 2021

Retrieved on: 
星期四, 七月 29, 2021

BTRS Holdings Inc. (Billtrust or the Company) (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments leader, today announced that Steve Pinado, President, will be participating in a fireside chat at the KeyBanc Technology Leadership Forum on Thursday, August 12, 2021 at 1:20 pm ET.

Key Points: 
  • BTRS Holdings Inc. (Billtrust or the Company) (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments leader, today announced that Steve Pinado, President, will be participating in a fireside chat at the KeyBanc Technology Leadership Forum on Thursday, August 12, 2021 at 1:20 pm ET.
  • Billtrust (NASDAQ: BTRS) is a leading provider of cloud-based software and integrated payment processing solutions that simplify and automate B2B commerce.
  • Accounts receivable is broken and relies on conventional processes that are outdated, inefficient, manual and largely paper based.
  • Billtrust is at the forefront of the digital transformation of AR, providing mission-critical solutions that span credit decisioning and monitoring, online ordering, invoice delivery, payments and remittance capture, invoicing, cash application and collections.

Factris Continues to Grow Despite Declining Factoring Trend

Retrieved on: 
星期四, 七月 29, 2021

AMSTERDAM, July 29, 2021 /PRNewswire/ -- Fintech company Factris has published their results from the first half of 2021, revealing substantial growth in their factoring services compared to 2020. According to the global financing body FCI report, this growth stands in contrast with the rest of the factoring in the EU, which declined roughly 7% during the pandemic.

Key Points: 
  • This was accompanied by an increase of 58% in the number of invoices financed, capturing a 35% growth YoY.
  • Factris grew despite the downturn thanks to their constant technological advancement.
  • Factris was actively developing proprietary technologies well before the pandemic, such as their own platform designed purely for factoring and an AI-powered risk-assessment system funded by the EU.
  • To continue to foster growth during an uncertain financial atmosphere, Factris recently announced the addition of a new advisory board member, Rob Oudman.

Factris Continues to Grow Despite Declining Factoring Trend

Retrieved on: 
星期四, 七月 29, 2021

AMSTERDAM, July 29, 2021 /PRNewswire/ --Fintech company Factris has published their results from the first half of 2021, revealing substantial growth in their factoring services compared to 2020.

Key Points: 
  • AMSTERDAM, July 29, 2021 /PRNewswire/ --Fintech company Factris has published their results from the first half of 2021, revealing substantial growth in their factoring services compared to 2020.
  • Factris grew despite the downturn thanks to their constant technological advancement.
  • Factris was actively developing proprietary technologies well before the pandemic, such as their own platform designed purely for factoring and an AI-powered risk-assessment system funded by the EU.
  • To continue to foster growth during an uncertain financial atmosphere, Factris recently announced the addition of a new advisory board member, Rob Oudman.

J.D. Power and LMC Automotive Forecast July 2021

Retrieved on: 
星期三, 七月 28, 2021

Power and LMC Automotive.

Key Points: 
  • Power and LMC Automotive.
  • July 2021 has one more selling day than July 2020 and two more selling days than July 2019.
  • Too few vehicles in inventory mean the sales pace in July is well below the levels seen earlier this year.
  • For context, average transaction prices are trending to be nearly 17% higher in July 2021 than they were in July 2020.