Igor Zax, Managing Director of Tenzor Ltd., published a special report, Supply Chain Finance in the Context of Working Capital Management .
The report, published in conjunction with BCR Publishing, covers industry structure, risk management, financing and operational aspects, the way companies viewed the product, as well as trade offs between dynamic discounting and supply chain finance products.
The full report is available via the link below:
Supply Chain Finance in the Context of Working Capital Management
Igor Zax, Managing Director of Tenzor Ltd., is going to moderate a panel at “Alternative and Receivables Finance” conference in London 11 May 2015, organized by BCR Publishing.
The panel topic is : Optimising product innovation and market differentiation in the receivables and alternatives space
The traditional products are not growing much if at all at the smaller end of the SME market – yet the need for new methods for releasing working capital is clear. One of great virtues of digital banking and the online platforms is that they enable companies to finance only those receivables they wish to finance, rather than having to discount their whole sales ledger
- What is the value and driving forces for single invoice financing from customer standpoint?
- How does the product fit comparing to other available solutions?
- Investments in technology – which technologies, who provides them, what would they enable funders to achieve that cannot be offered easily today?
- Platforms vs. individual alternative lenders – pros and cons?
- Is there sufficient real-time information available to allow better credit underwriting to occur?
- Does receivables finance need regulation to make it work better for customers, investors and other stakeholder?
- The elephant in the room: what will be the regulatory response for significant losses to unsophisticated investors?
Igor Zax, Managing Director, TENZOR LTD
Igor Zax, Managing Director of Tenzor Ltd, published a new article, Receivables Finance in Context of Working Capital Management in TEF News (Trade and receivable Finance News, a major publication by BCR).
Editorial comment states “Igor Zax’s article in today’s trfnews, ‘Receivables Finance in the Context of Working Capital Management’, reminds us of the value of looking back at the history of modern supply chains and how working capital management, and hence factoring and supply chain finance, has developed from this. It also reflects on the potential frailty and dangers that over exposure to some supply chain structures can bring.
On late payments he says: “just a couple of weeks delay on 30 day terms increases working capital consumption by one-and-a-half times.” I wonder how many factors use such direct terms in their advertising material. If they do not, perhaps they should consider it, particularly as the trend is for larger companies to use receivables finance, and it is those companies in particular that tend respond well to the use of such analytic sound bites.”
Reprinted with permission.
Guest lecture Operational Turnaround –Focus on Working Capital and Supply Chain by Igor Zax CFA, founder of Tenzor Ltd as part of a course “Mergers, MBOs and Other Corporate Reorganisations” by professor Paolo Volpin at London Business School 23 March 2012.
The lecture covers principles of distressed investments, corporate turnaround and operational due diligence. It also focuses on supply chain and working capital implications, use of asset backed lending, vertical integration and business model re-design.
Slides for the presentation can be seen by clicking the link below:
Operational Turnaround –Focus on Working Capital and Supply Chain
Corporate Credit Policy-A Strategic View -new article was published by Igor Zax, managing director of Tenzor Ltd, published a in GT News (major treasury publication by AFP).
The article discussed the nature of trade receivables risks, its difference from other type of credit risk, its relationship to corporate strategy and approaches to design of optimal credit policy.
Igor Zax, founder of Tenzor Ltd, published his lecture, Distressed M&A –Supply Chains and Working Capital Solutions? , that he made 22 April 2010 as part of a course “Mergers, MBOs and Other Corporate Reorganisations” at London Business School.
Topics covered include strategies for distressed mergers and acquisitions, core principles for turnarounds, effect of supply chains, role of ABL (asset backed lending), working capital management, distribution structures and vertical integration.
Igor Zax published a new article,
Working Capital – Seeing a Broader Picture , in Global Treasury Briefing, flagship publication of GT News/AFP. The article adresses working capital management within changing economic and industry environment, its links to business strategy, supply chain, distribution and industry models.