Cash flow – Vivenavalmoral http://vivenavalmoral.com/ Fri, 23 Sep 2022 10:30:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://vivenavalmoral.com/wp-content/uploads/2021/10/icon-12-120x120.png Cash flow – Vivenavalmoral http://vivenavalmoral.com/ 32 32 Tongo closes $7M seed round aimed at improving commission-based cash flow – Trade Observer https://vivenavalmoral.com/2022/09/22/tongo-closes-7m-seed-round-aimed-at-improving-commission-based-cash-flow-trade-observer/ Thu, 22 Sep 2022 16:48:49 +0000 https://vivenavalmoral.com/2022/09/22/tongo-closes-7m-seed-round-aimed-at-improving-commission-based-cash-flow-trade-observer/ Seeking to smooth cash flow for commission-based residential real estate agents, fintech start-ups Tongo announced on Thursday that it has closed a $7 million funding round led by an early-stage venture capital firm MetaProp. The funding will be used to expand its “cash on demand” debit card product that allows brokerages to offer agents on-demand […]]]>

Seeking to smooth cash flow for commission-based residential real estate agents, fintech start-ups Tongo announced on Thursday that it has closed a $7 million funding round led by an early-stage venture capital firm MetaProp.

The funding will be used to expand its “cash on demand” debit card product that allows brokerages to offer agents on-demand access to pending commissions. Agents can use the card as a line of credit to grow their business and stabilize cash flow, according to Tongo.

New businesses in the valley, Good friends, Launching ramp, Elizabeth Street, red bike, Laboratory companies and Entrepreneur Roundtable Accelerator participated in the funding round of Manhattan-based Tongo. Founded in 2020, the startup has raised $11 million to date.

Brandon Wright. Photo: Tongo

“Tongo is the link between some things that we have been working on for a long time,” said the CEO Brandon Wright. “We felt like there was a huge problem that no one was paying attention to – by the end of this decade, about half of the dollars earned in the US economy would be going to commission-funded professionals. and transactions. But the financial system wrongly assumes that everyone is paid on salary, or at least it wants you to be paid on salary. They bill you monthly, they report you monthly, and that’s designed for the professional of salary.

Tongo’s attempt to solve this problem for the commission worker appealed to MetaProp.

“Tongo has developed a modern and elegant solution that eases this challenge, allowing agents to easily access future commission earnings on user-friendly and flexible terms with the swipe of a card,” said MetaProp General Partner. Zak Schwarzman said. “Tongo fills a glaring gap in the consumer credit market for agents and resonates just as strongly with brokerage firms, who partner with Tongo to deliver a powerful and differentiated financial management solution that makes an impact. on the lives and wallets of their agents.”

Tongo needs a significant balance sheet to fund its debit card, said Wright, who added that the startup has partnered with Visa to create the product. The company is looking to work with institutional funding partners as its business grows.

Wright is aware of the volatility in the compensation cycle of commission-focused brokerage firms and said Tongo is designed to address this reality. “We basically risk scoring [card users]and it helps us to effectively understand how much of their income we should advance and when we should expect to be reimbursed,” he said.

According to the agent’s risk profile, Tongo’s fees are as low as 3% for the first 30 days, Wright said. However, the rate increases over time, rising to 6% for 60 days and 9% for 90 days.

As for future expansion beyond residential real estate brokers to become commercial, “We would like to do commercial. We’re just not there yet.

Philippe Russo can be contacted at prusso@commercialobserver.com.

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Polyus posts 49% drop in free cash flow from operations for H122, gold production down 15% https://vivenavalmoral.com/2022/09/21/polyus-posts-49-drop-in-free-cash-flow-from-operations-for-h122-gold-production-down-15/ Wed, 21 Sep 2022 17:06:00 +0000 https://vivenavalmoral.com/2022/09/21/polyus-posts-49-drop-in-free-cash-flow-from-operations-for-h122-gold-production-down-15/ Editor’s Note: With such volatility in the markets, stay up to date with daily news! Get our quick roundup of today’s must-see news and expert opinion in minutes. Register here! (Kitco News) – Russian company Polyus, one of the world’s largest gold mining companies, today announced that its total gold production in the […]]]>

Editor’s Note: With such volatility in the markets, stay up to date with daily news! Get our quick roundup of today’s must-see news and expert opinion in minutes. Register here!

(Kitco News) – Russian company Polyus, one of the world’s largest gold mining companies, today announced that its total gold production in the first half of 2022 was 1,068,000 ounces, in down 15% compared to the 1,263,000 ounces produced in the first half of 2021.

The company said the decline was due to lower refined gold production across all deposits due to lower average grades in ore processed, adding that ore volumes mined were down 16% year-on-year for reach 28,149 thousand tonnes, reflecting lower volumes of ore mined. on all operating assets except Kuranakh.

Ore volumes processed amounted to 23,777 thousand tonnes, up 2% compared to the same period of the previous year, thanks to higher processing volumes at Olimpiada, Verninskoye and Natalka. The recovery rate decreased to 81.8%, compared to 82.1% in the first half of 2021.

Polyus added that total gold sales volumes in the first half of 2022 were 1,015 thousand ounces, down 19% from the corresponding period a year earlier, while revenues for the reference period amounted to $1,852 million, down 19% compared to the first half of 2021.

The group’s total cash costs (TCC) for the first half of 2022 increased 12% year-over-year to $435 per ounce. This reflects lower average grades in ore processed at Olimpiada, Blagodatnoye and Natalka, continued consumable inflation and wage indexation, the company said.

The company’s adjusted EBITDA for the current period was $1,215 million, down 26% from $1,638 million in the first half of 2021, due to lower sales volumes of gold and the rise in the CPR per ounce.

Polyus also reported that its profit for the first half of 2022 was $1,387 million, up 27% from the first half of 2021 ($1,093 million), and that adjusted net profit for the period s was $792 million, down 25% from the first half of 2021 ($1,051 million). The company’s net cash flow from operations was $701 million, down 49% from the first half of 2021 ($1,379 million).

The company noted that its net debt (including derivatives) to adjusted EBITDA ratio increased to 0.8x in the first half of 2022 from 0.6x in the second half of 2021, reflecting a higher net debt position and lower adjusted EBITDA over the last twelve months.

Polyus is the largest gold producer in Russia and one of the top 5 gold producers in the world with one of the lowest cost profiles. The company also holds the largest gold reserves in the world with 104 million ounces of proven and probable gold reserves.

The Company’s main operations are located in Krasnoyarsk Territory, Irkutsk Region, Magadan Region and Sakha Republic (Yakutia) and include 5 operating mines, alluvial operations and several advanced development projects.





Disclaimer: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. This is not a solicitation to trade commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for loss and/or damage resulting from the use of this publication.

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TESORIO A/R CASH FLOW PERFORMANCE PLATFORM COMPLETES MANAGEMENT TEAM https://vivenavalmoral.com/2022/09/12/tesorio-a-r-cash-flow-performance-platform-completes-management-team/ Mon, 12 Sep 2022 14:00:00 +0000 https://vivenavalmoral.com/2022/09/12/tesorio-a-r-cash-flow-performance-platform-completes-management-team/ COMPANY ADDS PERMANENT LEADERS IN ENGINEERING AND FINANCE SAN FRANCISCO, September 12, 2022 /PRNewswire/ — Tesorioa customer cash flow performance platform, today announced two new executive hires. Yogesh Bhumralkar joins as the new Vice President of Engineering and Max Lady as the new Vice President of Finance and Operations. “Since inception of our Series B […]]]>

COMPANY ADDS PERMANENT LEADERS IN ENGINEERING AND FINANCE

SAN FRANCISCO, September 12, 2022 /PRNewswire/ — Tesorioa customer cash flow performance platform, today announced two new executive hires. Yogesh Bhumralkar joins as the new Vice President of Engineering and Max Lady as the new Vice President of Finance and Operations.

“Since inception of our Series B earlier this year, we have been focused on building a leadership team with deep SaaS and CFO software expertise. I am delighted to welcome Yogesh and Max to Tesorio, that complement our leadership team and bring a seasoned industry perspective, and allow us to accelerate our R&D and funding operations,” said Tesorio CEO and Co-Founder. Carlos R. Vega.

Tesorio’s platform helps the world’s best finance teams at companies like Slack, Box, Veeva Systems, Twilio and Domo turn revenue into cash and reinvest tied up capital back into balance sheets to grow more efficiently. These new strategic recruits follow the recent addition by executive company GTM and raise funds as it expands to focus on developing products that drive the future of cash flow performance.

“I have spent most of my career building software products that improve customers’ lives through technology and I look forward to applying this knowledge to Tesorio. I admire Tesorio’s strong culture and am really excited to be working with his amazing team,” said Yogesh BhumralkarTesorio’s new Vice President of Engineering.

Yogesh is an engineering leader with over 15 years of experience developing and managing mission-critical SaaS applications and successful engineering companies that deliver great products to customers. Prior to Tesorio, Yogesh held senior engineering positions at Bill.com, Intuit, and Samsara. His responsibilities at Tesorio will include leading all engineering and product development activities.

“It was a natural fit for me to join Tesorio because our financial clients are also my peers, so I understand the challenges they face. Tesorio has a proven track record in the product market and I’m excited to help take the business to the next level,” said Max LadyTesorio’s new vice president of finance and operations.

Max is an experienced finance and accounting executive with experience working in SaaS and marketing technology at startups and large enterprises. He previously held management positions at Formation, Schneider Electric and Kenandy. At Tesorio, Max will focus on scaling finance and operations functions, while bringing his expertise to help drive the product forward and serve as the voice of finance leaders.

To learn more about Tesorio, visit https://www.tesorio.com/live-demo

About Tesorio

Tesorio is revolutionizing the way middle market businesses manage their customer accounts. In a world where it’s all about cash flow, Tesorio’s Cash Flow A/R Performance Platform turns revenue into cash right now. Improving cash performance is essential in times of inflation and rising interest rates. Tesorio helps businesses accelerate their collections and put them on the front line to get paid first. Tesorio is trusted by the best finance teams in the world in companies such as Slack, Box, Veeva Systems, Twilio, Domo and others. The company has raised a total of $37.6 million in funding to date from investors such as BAMCAP, First Round Capital, Floodgate, Madrona Venture Group and Y Combinator.

For more information, visit https://www.tesorio.com.

Contact: [email protected]

SOURCE Tesorio

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Protect your Gig Economy cash flow recession before things get worse https://vivenavalmoral.com/2022/09/08/protect-your-gig-economy-cash-flow-recession-before-things-get-worse/ Thu, 08 Sep 2022 17:21:48 +0000 https://vivenavalmoral.com/2022/09/08/protect-your-gig-economy-cash-flow-recession-before-things-get-worse/ STOCKPORT-ENGLAND- MARCH 12: A man wearing a mask walks past a sign in a shop window saying ‘go … [+] Bankrupt Everything Must Go’ on March 12, 2021 in Stockport, England. (Photo by Nathan Stirk/Getty Images) Getty Images With a recession upon us, you can bet there will be a massive increase in overdue and […]]]>

With a recession upon us, you can bet there will be a massive increase in overdue and unpaid bills. Whether you’re a consultant, digital agency owner, home-based entrepreneur, event planner, or freelancer working in the gig economy; If you run a service business, you’re probably already dealing with late payments and unpaid bills. Or, statistically, you will be at some point. The numbers are staggering.

  • On average, each small business has $84,000 in unpaid invoices (Shinar).
  • A recently released report found that nearly 60% of self-employed people who pay late owe $50,000 or more (Pickard).
  • In a 2019 survey of 503 construction contractors, 74% had not received payment for a project and had to file a mechanic’s lien in the past year (Wolfe).

Lance Kohl, owner of PSP Compass Solutions, a marketing agency in Denver, Colorado, says that “1 in 10 invoices I send out goes unpaid. We constantly spend a lot of our time chasing after customers to get paid. The longer an invoice remains unpaid, the less likely we are to receive payment.

Lexi Dudley and her father Joel Dudley, owners of JL Roofing and Contracting in Canon City, Colorado, revealed that in 2020 alone they had more than 30 roof replacements totaling more than $150,000 in uncollected revenue. “We spent months trying to get the owners to pay us and in the end we had to spend even more time and money with the courts to place liens on all these homes,” the Dudleys said. .

What makes these numbers even more worrying is that half of small businesses survive on a monthly basis. The average small business keeps less than a month of cash reserves (Farrell and Wheat). In fact, 25% of small businesses operate with just 13 days of cash reserves. Freelancers are generally at even greater risk. A recent survey found that 59% of freelancers in the United States work paycheck to paycheck (Boskamp).

With so many service business owners and construction workers already living on the edge, it’s easy to see why 82% fail due to poor cash flow management (Shinar). As the recession continues, these problems will be exacerbated. Unfortunately, late and unpaid invoices reduce a company’s cash flow, forcing business owners to reduce future investments in their business, delay hiring new employees, and cut staff hours.

So what are the solutions to the huge cash flow problems that already exist and how can you protect your business during this recession?

1. Automated Emails

There are a myriad of billing and payment platforms like Xero and Quickbooks. Many of them offer automated email systems that will automatically email customers, reminding them when their bill’s due date is approaching and overdue. Take the time to make sure these features are active.

2. Invoice financing

In recent years, companies like Fundbox have launched bill financing services for small businesses that need to smooth their cash flow when bill payments are late. Typically, a small business can finance up to 90% of an invoice in order to be able to pay its staff and its invoices. Unfortunately, as with any loan, interest accrues. For example, Fundbox charges are 4.66% for 12-week terms and 8.99% for 24-week terms.

3. Initial payments

Many service business owners and seasoned workers are wise to require payment of at least 50% of the cost of a project upfront. This strategy will protect you in the short term and increase the chances that you will be paid in full since the customer has already committed.

4. Build a pipeline

During a recession, monthly cash flows will become even more unpredictable, so it is important to secure commitments from customers in advance. Booking partially or fully committed customers weeks or months in advance will help you manage your cash flow more efficiently.

5. An Escrow-like system

Lawyers commonly use deposits and advances to protect their cash, why should your business or job be any different? On a recent visit to rural Cañon City, Colorado, I discovered a business that can help: Trust.

Like most billing platforms, Trustio allows you to bill and receive payments from your customers at any time using direct payments. However, what makes this platform great is Trustio’s protected payment feature.

With Protected Payments, your client pays for their project in advance. These funds are then placed in an escrow account where they are kept securely between the parties. Once the project tasks are completed, the payment is released immediately and sent directly to the service provider’s bank account. The protected payment option allows a contractor to build a pipeline of engaged customers by ensuring customer security and eliminating the risk of being paid late or not at all. Best of all, Trustio doesn’t charge your business for payment processing! Your customer simply pays a 1% processing fee for direct or protected payments.

Trustio co-founder and CEO Brock Predovich is no stranger to the pain of delayed and unpaid bills. Having founded several service companies, Predovich has experienced firsthand the detrimental effects late and unpaid invoices can have on cash flow.

“The success of any service business or gig worker depends on cash flow management. Cash flow management ultimately comes down to trust,” Predovich noted. “You need to find good clients that you can trust and who will pay you on time for your hard work. To find good customers, they must also trust you. They need to know that their money is safe and the job is done.

Protect your payments

With the recession in full swing, it’s more important than ever to reevaluate the systems you use to manage your cash flow and ensure you get paid. Overdue and unpaid bills are estimated to be an $825 billion problem in the United States alone (Shinar). If the economy continues as it has, things could get worse for entrepreneurs and small business owners. Implementing the five strategies above won’t guarantee your success, but can at least help you take steps to protect your business during the recession. Failure to implement them could lead to your next full-time return to corporate America.


Referenced data sources:

Shinar

EntrepreneurUS small businesses owed $825 billion in unpaid bills (infographic)

Boskamp

zippiaOver 40 in-depth statistics on freelancers [2022]: Facts, Trends, Predictions

Farrell and Wheat

JPMorgan ChaseCash Flow, Balances and Buffer Days | JPMorgan Chase Institute

Wolf

Level set2019 National Construction Payments Report

Pickard

Small Business TrendsMajority of freelancers get stiffed by clients

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Financial Tool Supports Farmer Cash Flow – FortSaskOnline.com https://vivenavalmoral.com/2022/09/05/financial-tool-supports-farmer-cash-flow-fortsaskonline-com/ Mon, 05 Sep 2022 10:49:15 +0000 https://vivenavalmoral.com/2022/09/05/financial-tool-supports-farmer-cash-flow-fortsaskonline-com/ Every fall, you’re faced with big decisions about how best to market your crops or livestock, knowing you want to maximize your yields and generate essential farm cash flow. “Farmers need a financing tool that gives them the flexibility to sell when and at the price that suits them best,” says Dave Gallant, director of […]]]>

Every fall, you’re faced with big decisions about how best to market your crops or livestock, knowing you want to maximize your yields and generate essential farm cash flow.

“Farmers need a financing tool that gives them the flexibility to sell when and at the price that suits them best,” says Dave Gallant, director of finance and operations at the Canadian Canola Growers Association (CCGA).

A CCGA Advance Payments Program cash advance is a financial tool that supports your farm’s working capital needs. Put an advance to work and have more time to execute your marketing plan, cover seasonal operating expenses, pre-purchase inputs for next year’s crop, or make upgrades and repairs – whatever best suits your farm.

“We know farmers have a choice when evaluating cash flow options, and if you’re not already using an Advance Payments Program cash advance, it’s definitely worth checking out. eye,” says Gallant. With recent changes to the program, a CCGA cash advance can help many farms reduce the cost of borrowing from their short-term financing needs.

An application CCGA cash advance is interest free up to $250,000 and farmers can borrow up to $1 million. The interest-bearing portion is charged at prime minus 0.75%, making a cash advance particularly valuable in today’s rising interest rate climate.

WHY A CCGA CASH ADVANCE?

With nearly 40 years of successful farmer experience, CCGA strives to make the cash advance program as convenient and easy as possible. We offer:

  • One-stop shop for agricultural cash advances. The CCGA offers advances on more than 50 conventional and organic products.

  • Simple reporting service. The CCGA offers several ways to manage your advance, including our online CCGA account.

  • Support from an experienced team. Our staff makes it easy to apply for a cash advance, whether by phone or online.

“To apply, we encourage new clients to call us,” says Gallant. “Our team is trained to guide new candidates through every step and get you started in as little as 20 minutes.”

The Advance Payments Program is a federal program administered by the CCGA. It provides Canadian farmers with marketing flexibility through low-interest, no-interest cash advances.

“The CCGA provides us with a cost-effective option to help us manage our cash flow and budget.” – Alberta Farmer

“Your staff are friendly and helpful and our account processing speed is very fast. I am very pleased with the service you provide. – Saskatchewan Farmer

“The best enhancement to your online service is uploading documents. Faster than emails. – Manitoba Farmer

IF YOU’RE CONSIDERING YOUR FIRST MONEY ADVANCE OR IF YOU HAVE ANY QUESTIONS, CALL OUR EXPERIENCED STAFF AT 1-866-745-2256.

1-866-745-2256. Returning customers can also apply online.

Visit Canadian Canola Growers Association

Visit Agriculture and Agri-Food Canada Advance Payments Program

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Financial tool supports farmers’ cash flow – PortageOnline.com https://vivenavalmoral.com/2022/09/05/financial-tool-supports-farmers-cash-flow-portageonline-com/ Mon, 05 Sep 2022 10:07:57 +0000 https://vivenavalmoral.com/2022/09/05/financial-tool-supports-farmers-cash-flow-portageonline-com/ Every fall, you’re faced with big decisions about how best to market your crops or livestock, knowing you want to maximize your yields and generate essential farm cash flow. “Farmers need a financing tool that gives them the flexibility to sell when and at the price that suits them best,” says Dave Gallant, director of […]]]>

Every fall, you’re faced with big decisions about how best to market your crops or livestock, knowing you want to maximize your yields and generate essential farm cash flow.

“Farmers need a financing tool that gives them the flexibility to sell when and at the price that suits them best,” says Dave Gallant, director of finance and operations at the Canadian Canola Growers Association (CCGA).

A CCGA Advance Payments Program cash advance is a financial tool that supports your farm’s working capital needs. Put an advance to work and have more time to execute your marketing plan, cover seasonal operating expenses, pre-purchase inputs for next year’s crop, or make upgrades and repairs – whatever best suits your farm.

“We know farmers have a choice when evaluating cash flow options, and if you’re not already using an Advance Payments Program cash advance, it’s definitely worth checking out. eye,” says Gallant. With recent changes to the program, a CCGA cash advance can help many farms reduce the cost of borrowing from their short-term financing needs.

An application CCGA cash advance is interest free up to $250,000 and farmers can borrow up to $1 million. The interest-bearing portion is charged at prime minus 0.75%, making a cash advance particularly valuable in today’s rising interest rate climate.

WHY A CCGA CASH ADVANCE?

With nearly 40 years of successful farmer experience, CCGA strives to make the cash advance program as convenient and easy as possible. We offer:

  • One-stop shop for agricultural cash advances. The CCGA offers advances on more than 50 conventional and organic products.

  • Simple reporting service. The CCGA offers several ways to manage your advance, including our online CCGA account.

  • Support from an experienced team. Our staff makes it easy to apply for a cash advance, whether by phone or online.

“To apply, we encourage new clients to call us,” says Gallant. “Our team is trained to guide new candidates through every step and get you started in as little as 20 minutes.”

The Advance Payments Program is a federal program administered by the CCGA. It provides Canadian farmers with marketing flexibility through low-interest, no-interest cash advances.

“The CCGA provides us with a cost-effective option to help us manage our cash flow and budget.” – Alberta Farmer

“Your staff are friendly and helpful and our account processing speed is very fast. I am very pleased with the service you provide. – Saskatchewan Farmer

“The best enhancement to your online service is uploading documents. Faster than emails. – Manitoba Farmer

IF YOU’RE CONSIDERING YOUR FIRST MONEY ADVANCE OR IF YOU HAVE ANY QUESTIONS, CALL OUR EXPERIENCED STAFF AT 1-866-745-2256.

1-866-745-2256. Returning customers can also apply online.

Visit Canadian Canola Growers Association

Visit Agriculture and Agri-Food Canada Advance Payments Program

]]>
Financial tool supports farmers’ cash flow – DiscoverHumboldt.com https://vivenavalmoral.com/2022/09/05/financial-tool-supports-farmers-cash-flow-discoverhumboldt-com/ Mon, 05 Sep 2022 10:07:29 +0000 https://vivenavalmoral.com/2022/09/05/financial-tool-supports-farmers-cash-flow-discoverhumboldt-com/ Every fall, you’re faced with big decisions about how best to market your crops or livestock, knowing you want to maximize your yields and generate essential farm cash flow. “Farmers need a financing tool that gives them the flexibility to sell when and at the price that suits them best,” says Dave Gallant, director of […]]]>

Every fall, you’re faced with big decisions about how best to market your crops or livestock, knowing you want to maximize your yields and generate essential farm cash flow.

“Farmers need a financing tool that gives them the flexibility to sell when and at the price that suits them best,” says Dave Gallant, director of finance and operations at the Canadian Canola Growers Association (CCGA).

A CCGA Advance Payments Program cash advance is a financial tool that supports your farm’s working capital needs. Put an advance to work and have more time to execute your marketing plan, cover seasonal operating expenses, pre-purchase next year’s harvest inputs, or make upgrades and repairs – whatever suits your farm best.

“We know farmers have a choice when evaluating cash flow options, and if you’re not already using an Advance Payments Program cash advance, it’s definitely worth checking out. eye,” says Gallant. With recent changes to the program, a CCGA cash advance can help many farms reduce the cost of borrowing from their short-term financing needs.

An application CCGA cash advance is interest free up to $250,000 and farmers can borrow up to $1 million. The interest-bearing portion is charged at prime minus 0.75%, making a cash advance particularly valuable in today’s rising interest rate climate.

WHY A CCGA CASH ADVANCE?

With nearly 40 years of successful farmer experience, CCGA strives to make the cash advance program as convenient and easy as possible. We offer:

  • One-stop shop for agricultural cash advances. The CCGA offers advances on more than 50 conventional and organic products.

  • Simple reporting service. The CCGA offers several ways to manage your advance, including our online CCGA account.

  • Support from an experienced team. Our staff makes it easy to apply for cash advances, whether by phone or online.

“To apply, we encourage new clients to call us,” says Gallant. “Our team is trained to guide new candidates through every step and get you started in as little as 20 minutes.”

The Advance Payments Program is a federal program administered by the CCGA. It provides Canadian farmers with marketing flexibility through low-interest, no-interest cash advances.

“The CCGA provides us with a cost-effective option to help us manage our cash flow and budget.” – Alberta Farmer

“Your staff are friendly and helpful and our account processing speed is very fast. I am very pleased with the service you provide. – Saskatchewan Farmer

“The best enhancement to your online service is uploading documents. Faster than emails. – Manitoba Farmer

IF YOU’RE CONSIDERING YOUR FIRST MONEY ADVANCE OR IF YOU HAVE ANY QUESTIONS, CALL OUR EXPERIENCED STAFF AT 1-866-745-2256.

1-866-745-2256. Returning customers can also apply online.

Visit Canadian Canola Growers Association

Visit Agriculture and Agri-Food Canada Advance Payments Program

]]>
Financial Tool Supports Farmer Cashflow – DiscoverMooseJaw.com https://vivenavalmoral.com/2022/09/05/financial-tool-supports-farmer-cashflow-discovermoosejaw-com/ Mon, 05 Sep 2022 07:00:00 +0000 https://vivenavalmoral.com/2022/09/05/financial-tool-supports-farmer-cashflow-discovermoosejaw-com/ Every fall, you’re faced with big decisions about how best to market your crops or livestock, knowing you want to maximize your yields and generate essential farm cash flow. “Farmers need a financing tool that gives them the flexibility to sell when and at the price that suits them best,” says Dave Gallant, director of […]]]>

Every fall, you’re faced with big decisions about how best to market your crops or livestock, knowing you want to maximize your yields and generate essential farm cash flow.

“Farmers need a financing tool that gives them the flexibility to sell when and at the price that suits them best,” says Dave Gallant, director of finance and operations at the Canadian Canola Growers Association (CCGA).

A CCGA Advance Payments Program cash advance is a financial tool that supports your farm’s working capital needs. Put an advance to work and have more time to execute your marketing plan, cover seasonal operating expenses, pre-purchase inputs for next year’s crop, or make upgrades and repairs – whatever best suits your farm.

“We know farmers have a choice when evaluating cash flow options, and if you’re not already using an Advance Payments Program cash advance, it’s definitely worth checking out. eye,” says Gallant. With recent changes to the program, a CCGA cash advance can help many farms reduce the cost of borrowing from their short-term financing needs.

An application CCGA cash advance is interest free up to $250,000 and farmers can borrow up to $1 million. The interest-bearing portion is charged at prime minus 0.75%, making a cash advance particularly valuable in today’s rising interest rate climate.

WHY A CCGA CASH ADVANCE?

With nearly 40 years of successful farmer experience, CCGA strives to make the cash advance program as convenient and easy as possible. We offer:

  • One-stop shop for agricultural cash advances. The CCGA offers advances on more than 50 conventional and organic products.

  • Simple reporting service. The CCGA offers several ways to manage your advance, including our online CCGA account.

  • Support from an experienced team. Our staff makes it easy to apply for a cash advance, whether by phone or online.

“To apply, we encourage new clients to call us,” says Gallant. “Our team is trained to guide new candidates through every step and get you started in as little as 20 minutes.”

The Advance Payments Program is a federal program administered by the CCGA. It provides Canadian farmers with marketing flexibility through low-interest, no-interest cash advances.

“The CCGA provides us with a cost-effective option to help us manage our cash flow and budget.” – Alberta Farmer

“Your staff are friendly and helpful and our account processing speed is very fast. I am very pleased with the service you provide. – Saskatchewan Farmer

“The best enhancement to your online service is uploading documents. Faster than emails. – Manitoba Farmer

IF YOU’RE CONSIDERING YOUR FIRST MONEY ADVANCE OR IF YOU HAVE ANY QUESTIONS, CALL OUR EXPERIENCED STAFF AT 1-866-745-2256.

1-866-745-2256. Returning customers can also apply online.

Visit Canadian Canola Growers Association

Visit Agriculture and Agri-Food Canada Advance Payments Program

]]>
How Companies Can Generate Profits by Adopting Consistent Cash Flow Mechanisms https://vivenavalmoral.com/2022/09/01/how-companies-can-generate-profits-by-adopting-consistent-cash-flow-mechanisms/ Thu, 01 Sep 2022 10:24:50 +0000 https://vivenavalmoral.com/2022/09/01/how-companies-can-generate-profits-by-adopting-consistent-cash-flow-mechanisms/ By Emmanuel Otori Businesses fail for many reasons, and one of the reasons for business failure is lack of funds, exchange of money for goods or services provided. There’s no point in having a big product when its market value is zero, sooner or later the competition for market share would shift to those who […]]]>

By Emmanuel Otori

Businesses fail for many reasons, and one of the reasons for business failure is lack of funds, exchange of money for goods or services provided. There’s no point in having a big product when its market value is zero, sooner or later the competition for market share would shift to those who get enough cash, whether or not they make a profit.

When a company has cash, it is a sign of viability, that it has the capacity to cover its operating costs over time, but that it must go through phases of growth until it is can start adding a certain percentage that can now be set aside as profit, for reinvestment.

The need for cash in the business is so huge that without some ongoing activities, a total collapse could be inevitable.

Why cash flow is important for business sustainability

Primarily, cash flow generates the working capital needed to run the day-to-day affairs of a small business and is therefore considered optimal in the life cycle of a small business. A business may have high sales volumes and no profit, but must be careful about servicing debt, because if it takes a large chunk of that money before the business is shut down, the cash flows cash will dry up and the business will eventually fail. . Efforts should be made to ensure that wholesalers or retailers make payment before delivery of the goods, payment which takes place long after it has been

Profit

Profit is what is left over from sales when the expenses of a small business are deducted. The data that constitutes the cost of production of an item must be known because it can be reduced in others to generate the profit that can cover other costs of running the business. A business owner should also be aware of rapid growth, as it comes with unforeseen circumstances that might require corrective action.

These are factors that could hurt profitability

  1. Operational issues

Operational issues arise when there is an increase in production volume, and this is because the amount of communication, personnel, and energy supply needed to produce a thousand units of a good per day would definitely increase when request is high and the volume increases to a production of 2000 units per day.

  1. Increase in business spending

It is necessary to avoid expenses that do not have a direct impact on the business at the beginning of its growth. Services such as facilities management, staffing, delivery services, promotions and advertising can be handled in-house by the company instead of making payments well in advance of expenses that should be committed.

  1. Human resource issues

Workers who are unaware of the organization’s business objective can make serious mistakes that can lead to business loss, whether through direct customer interaction or failure to follow operational procedures. standard, staff not having the motivation to work because their pay could just be a way to stay alive, issues with payroll are potential issues that could hurt productivity.

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Crowd Media (ASX:CM8) Reduces Net Loss and Improves Cash Flow in FY22 – The Market Herald https://vivenavalmoral.com/2022/09/01/crowd-media-asxcm8-reduces-net-loss-and-improves-cash-flow-in-fy22-the-market-herald/ Thu, 01 Sep 2022 01:05:12 +0000 https://vivenavalmoral.com/2022/09/01/crowd-media-asxcm8-reduces-net-loss-and-improves-cash-flow-in-fy22-the-market-herald/ Subscribe Be the first with news that moves the market Crowd Media (CM8) improves key metrics in fiscal 2022, nearly halving its net loss from the same period a year earlier While the company reports an EBITDA loss of approximately $50,000, this represents an improvement of approximately $1 million over the prior year. Likewise, the […]]]>

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  • Crowd Media (CM8) improves key metrics in fiscal 2022, nearly halving its net loss from the same period a year earlier
  • While the company reports an EBITDA loss of approximately $50,000, this represents an improvement of approximately $1 million over the prior year.
  • Likewise, the company’s net loss after tax of $3.2 million represents a “substantial” improvement from its net loss of $6.2 million in FY21.
  • Crowd credits the improvements to its strict cash management regime as it advances its Talking Head platform through marketing.
  • Crowd Media shares are up 4.35% at 2.4 cents at 10:52 a.m. AEST

Crowd Media (CM8) improved its key metrics in fiscal 2022, nearly halving its net loss from the same period a year earlier.

While the company reported an earnings before interest, tax, depreciation, and amortization (EBITDA) loss of about $50,000, that marked an improvement of about $1 million from the prior year.

Meanwhile, the company posted an after-tax net loss of $3.2 million — a “substantial” improvement from its $6.2 million net loss for FY21, especially given that the company’s FY22 earnings included approximately $2.3 million of non-cash and investment write-downs.

This came as CM8 transformed its operations, recording positive cash flow of $11,804 following $1.16 million in cash outflows in FY21.

Crowd Media attributed the improvements to its strict cash management regime as it moved its Talking Head platform forward through marketing.

CEO Idan Schmorak said the company is ready to capitalize on a range of business opportunities.

“The last few years of COVID have changed the world by increasing online activity, which has spread across all sectors from education, professional services, retail, entertainment and many more” , said Mr. Schmorak.

“At the forefront of conversational AI solutions to meet the growing demand for the digital workforce, Crowd Media is committed to developing a scalable and cost-effective platform.”

He said the company has proven the commercial viability of its technology with commercial contracts, partnerships, agreements and integrations across multiple industries.

“With each of these business deals, Crowd improves its portfolio of products and potential customers, which is why FY23 will be a time of resizing our teams and scaling the platform to meet growing demand for conversational AI solutions,” he said.

Following improved EBITDA and cash flow, Crowd increased its investing activities in FY22, spending $2.12 million, primarily on its technology.

CM8 said it was debt free and would continue with plans to grow its technical and sales teams based on increased workloads and the pipeline of opportunities explored.

The company ended the year with $2.23 million in cash and cash equivalents.

Crowd Media shares rose 4.35% to 2.4 cents at 10:52 a.m. AEST.

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