How Good Working Capital Management Can Boost Shareholder Value
- Thu, November 10, 2022, 03:00 - 04:00
- Online, internet
Cost: Members: $95
Registration Includes: One telephone and web connection at one physical location
US: 12:00 pm PT // 3:00 pm ET
*Please remember the time zone differences if you are not on the East Coast.*
About the Webinar
WHY YOU SHOULD ATTEND: Third party credit extenders are in an excellent position to use their knowledge to serve as effective financial advisors to their customers. They have long known that expanding inventories to attract more customers and easing credit terms to entice their customers to buy the inventory can tie up cash flow as inventory turns more slowly and receivables take longer to collect.
TAKEAWAY: Showing a client how a faster cash conversion cycle—cash to inventory to receivables back to cash—improves the client’s cash flow means the client can also improve loan repayment chances.
- Better working capital management of the cash conversion cycle is shown to be the most expedient way to increase shareholder value.
About the Speakers
Dev Strischek, Devon Risk Advisory Group
Prior to SunTrust, Dev was chief credit officer for Barnett Bank's Palm Beach market. Besides stints at other banks in Florida, Kansas City and Ohio, Dev's experiences outside of banking include CFO of a Honolulu construction company, combat engineer officer in the U.S. Army, and college economics instructor in Hawaii, Missouri and Florida. A graduate of Ohio State University and the ABA Stonier Graduate School of Banking, he earned his M.B.A. from the University of Hawaii.
Dev serves as an instructor at the Stonier Graduate School of Banking, the Southwestern Graduate School of Banking and the American Bankers Association's (ABA) Commercial Lending. His school, conference and workshop audiences have included participants drawn from the ABA, RMA, OCC, Federal Reserve, FDIC, FFIEC, SBA, the Institute of Management Accountants (IMA) and the AICPA.
Dev has written about credit risk management, financial analysis and related subjects for the Risk Management Association's RMA Journal, and other business professional journals. He is the author of Analyzing Construction Contractors and its related RMA workshop. A past national chair of RMA and former Florida Chapter president, Dev serves as a member of the RMA Journal's advisory board. He also serves on the advisory board of the Atlanta Chapter of the Professional Risk Managers' International Association (PRMIA), and he has consulted on credit risk issues with banks in Morocco, Egypt and Angola through the U.S. State Department's Financial Service Volunteer Corps (FSVC). He also served on the Private Company Council (PCC) of the Financial Accounting Standards Board (FASB); the PCC reviews current and proposed generally accepted principles (GAAP) and recommends revisions that simplify their use for privately held organizations.
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