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 It Was 20 Years Ago Today
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, Amazon and others are pushing vendors to take deeper discounts and reduce prices, but with tactics that can affect your revolving loan / asset based lending … Read more New Ineligible Reserves – Wal-Mart and Others
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 it looks to be a mess at times, but at least it is all there. But are the offsets all there? Like a Teenager: If … Read more Have You Hugged Your Receivable Aging Lately?
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 RTF documents, the first release came out in December of 1998. It started with about 450 glossary words and about 42 ineligible collateral items for … Read more ABL-Help Software Updated 1998 to 2018…