Here’s a look at the latest factoring news including upcoming trainings, conferences, and updates from Bibby Financial.
Factoring Conferences
The International Factoring Association (IFA) finished up their 2012 conference April 18-21 in Huntington Beach, CA. If you missed the event keep an eye on the factoring.org website for the the release of the conference cds.
They have also announced the IFA 2013 Factoring Conference April 24-27, 2013 at the Fontanebleau Hotel in Miami Beach Florida. Registration will be available mid October.
Factoring Trainings
There are several factoring trainings still available for 2012 from IFA. One of these, The Small Factors Meeting, is moderated by Jeff Callender President of Dash Point Financial. Jeff is also the author of How I Run My One Man Factoring Company and the Small Factor eBook Series. Starting as a factoring broker in 1994, Jeff now owns his own factoring company and shares his knowledge with others interested in the factoring business as a broker or investor.
This training is being held October 25-26th in Las Vegas NV and will also be moderated by Ryan Jaskiewicz, the founder and President of 12five Capital. The workshop is designed to give small factors a forum to discuss and learn with emphasis on round table discussion, networking and education.
Factoring News From Bibby Financial
Bibby Financial Services has announced several news worthy items in April. The following excerpts were taken from the formal press releases. Please visit the Bibby Financial website to read the full version of the articles.
Bibby Financial Services Provides a Group of Businesses With $3 Million Factoring Facility
TORONTO — (Marketwire) — 04/10/2012 — Bibby Financial Services said today that it has funded an Ontario, Canada-based temporary staffing company that provides staffing solutions across the light industrial and financial services sectors.
The company already has two operating units that are current clients of Bibby Financial Services. This latest addition will use the increased cash flow to stay ahead of payroll expenses — a major concern for any staffing firm.
“Factoring is a smart choice for staffing companies due the pressure of meeting weekly or monthly payrolls,” said Bob Lall, Managing Director, Bibby Financial Services (Canada). “A staffing company might have 30-day terms for payment while its temporary employees expect weekly payroll checks. Factoring bridges the gap between invoicing and receiving payments. With increased cash flow and a factor following up on invoices for its clients, a staffing company has the time and working capital it needs to take on new business.”
They have also announced a new promotion in Canada.
Bibby Financial Services Names Hardy Kang Canadian Head of Sales
TORONTO — (Marketwire) — 04/16/2012 — Bibby Financial Services announced today Hardy Kang has been promoted to Head of Sales, Canada. In his new role, Kang will develop and lead the Canadian region’s sales team while continuing to take on new business and provide small and medium-sized companies with flexible cash flow solutions. He will report directly to Bob Lall, Managing Director.
Bibby Financial is a worldwide market leader in business cash flow solutions to small and medium-sized companies. With offices in eight North American cities and 14 countries around the world, its product portfolio includes accounts receivables finance, factoring, export finance, purchase order finance, and specialist solutions for the staffing and trucking sectors. They are also one of the factors listed in the 2012 Factoring Company Directory.