"Learn What You've Been Missing"
Retrospective It was really more than 30 years ago; we had worked until 2:00am almost every night for 3-months and it came down to taking too much time doing software part-time. We scrounged for some cash, financed what we could (house on the line) and the articles of incorporation were officially filed on January 5th, … Read more
“We need a bride wide enough for a tank tread”AI is not so great at interpreting some prompts and business AI won’t protect you on the security side. The AI security setup needs to be intentional, complete, capable, robust, able to carry the weight of the risks. AI Provider Trust: As ABL professionals, you’re no … Read more
Data downloads? Desktop Exams? 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 … Read more
Home office setup should follow the same guidelines as at-work setup. Comfortable, secure and designed to help you get work done. Home-Office Setup You’re avoiding others, practicing social distancing, being a good citizen and you’re probably working from home (after seeking out more toilet paper). You need to be comfortable, your computer setup needs to … Read more
Broken cutters, broken saws,Broken buckles, broken laws,Broken bodies, broken bones,Broken voices on broken phonesTake a deep breath, feel like you’re chokin’,Everything is broken ~Nobel Laureate Bob Dylan 1989 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 … Read more
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: “I’m financing the entrepreneurial dream.” This gets me out of bed every morning! But now we … Read more
ABLTrain 2.0 Sometime in 2005, we got cookin’ to brew up self-paced 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 journey in the … Read more
Preface 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. You can monitor ABL deals with more Business Intelligence. Traditional ABL has some … Read more
Case 1 – A Bank Field Examiner closed the lid for 3 days without backing up and the drive got corrupted and crushed the work in the file. Case 2 – Bank had a bad batch of computers with a hard drive failure rate of about 30% in the first year. Case 3 – Field … Read more
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 sections named Product Evolution, Side Effects, Lessons Learned and The Next … Read more