We need to do fieldwork without the field part. Hmmmm? Most of the accounting systems export data in several formats and most of the lenders doing Asset Based Lending are getting electronic files from their customers for AR and Inventory reporting to the Borrowing Base. Many field examiners are downloading reports and ...Continue reading →
Home office setup should follow the same guidelines as at-work setup. Comfortable, secure and designed to help you get work done ...Continue reading →
When I looked at my notes for this piece last night at about 2:00am, it seemed that I could have just spewed-out a list of all of the things that are collapsing and how people will not have money for consumerism and big-kid toys and vacations and it went on and on. So we've identified the problem? Not exactly, but we need to start somewhere and there are a few things that Asset Based Lenders can ...Continue reading →
There are so many reasons why I love Asset Based Lending and it has been my entire adult career for the past 35 years, but the one thing that I repeat again and again when asked "Why" is that ...Continue reading →
Sometime in 2005, we got cookin' to brew up on-line Asset Based Lending Training Seminar Courses and it took a short seven (7) years until November 2012 to launch the catalog of 14 courses. Not a cheap or easy business to build and maintain and we talked about that journney …Continue reading →
We ABL folks have had our heads in the sand for far too long with respect to technology-based monitoring and business intelligence. ABL risk reduction starts with AssetArchive as the solution to reduce fraud and improve monitoring with little additional cost …Continue reading →
Real Estate has the Realtor adage Location, Location, Location but of course you might not want to live in a shack. Backups are the broken record voice of “You should do it several times a day.. Backup, Backup, Backup…” being met by …Continue reading →
On or about January 5, 1996 our partnership started and the Articles of Incorporation were filed January 19, 1996 to create FinSoft, LLC. Sitting here one night last week, all of the core events that took place over the past 20 years came into this blog with …Continue reading →
The Wal-Mart / Amazon / Big-Box Picture There is a storm brewing with Wal-Mart leading the charge to push vendors for lower prices and it started on July 1, 2015. Wal-Mart, …Continue reading →
It is not surprising that the Borrower, especially a Borrower that has no ABL experience would ask about why they need to have and pay for an ABL Audit. Consider their position: …Continue reading →
It seems like I can guess the question when someone that I don’t know contacts me about hiring an outside field examination company. “Can you recommend anyone.” Basically the answer is …Continue reading →
Training Course Fantasy: In a perfect world, you could get together with some of the best people in the business and they would all happen to be great teachers …Continue reading →
For those of you that have been through a fraud (frauds), the characteristics of Lance Armstrong are parallel to some of the fraudulent characters that I have met, sent to …Continue reading →
Borrowers put all sorts of things in their agings. Overpayments, invoices, finance charges, debit memos, adjustments, freight adjustments, tax adjustments, Etc. All of that works great, it sits there and …Continue reading →
In The Beginning: What started as a glossary of definitions sometime in 1998 for my students, quickly expanded. After 6 months of messing around with HLP file generators that used …Continue reading →
The web-based asset based lending training seminar project started out perhaps 10 years ago with a software package named Digital Trainer and that product was just not capable of delivering reliable on-line …Continue reading →
Long before there were blogs, FinSoft wrote a series of White Papers that are typically updated annually for evolving topics such as Hardware and Software selection …Continue reading →