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SCOTTSDALE, Ariz. -- Bay Area Beverage Company, the exclusive distributor of branded beverages in Alameda and Contra Costa (Calif.) counties, recently completed a $50 million deal with GE Commercial Finance, Franchise Finance GEFF to support the growth of the company.
Since its founding in 1920, the company now known as American General Finance has been on a steady roll. Still headquartered in Evansville where it began, the company founded as Interstate Finance and later known as CrediThrift has been targeting a finSince its founding in 1920, the...
DaimlerChrysler Services, Farmington Hills, Mich., announced the establishment of a new finance group for the U.S. market called Business Vehicle Finance. The new entity brings together the financing expertise of both Chrysler Financial and DaimlerChrysler Services Truck Finance, the company said.
The finance organization at this leading pharmaceutical company generated considerable business value through its understanding of company issues, its analytical capabilities and its responsiveness to operating-unit needs. The challenge: Could the finance function continue to do all that - V and improve efficiency at the same time? Responding to slackening...
Trade finance is an important part of the business. It offers various aspects of managing finances for the company. Trade finance helps to generate, manage and establish various finance practices like working capital, factoring solutions, banking solutions, loans, guarantees, discounting, etc. Various trade finance companies help to provide credit finance,...
Universal Insurance Holdings, Inc. UIH (AMEX: UVE), a vertically integrated insurance holding company, and Atlas Premium Finance Company Atlas, announce the formal launch of Atlas' premium finance business. Atlas will offer insurance premium finance services to customers with annual homeowners insurance premiums of at least $1,000. Premium finance...
For some companies, getting the most out of finance may require centralization, standardization and automation, traditional methods of wringing cost from the function. For others, finance may add more value if the company invests in better forecasting, analysis and planning capabilities. Still other businesses need to beef up the finance...
While company finance departments use the Best Workplaces categories to put distinct elements of finance under the microscope, a clear conclusion from research is that no individual aspect of the finance workplace is totally discrete. Rather, there is interconnectivity across the five areas - manifested in intangible characteristics like team...
Several years after being forced to restate financials, a large U.S. financial services company was still struggling to get its financial processes in order. In the meantime, its external auditors had also uncovered a number of significant weaknesses and deficiencies in those financial processes. The company needed to strengthen its...
The IBM Chief Finance Officers Study of 900 senior finance executives worldwide, launched today, reveals only a third of respondents rate themselves highly effective in supporting the CEO's efforts to grow the company.
If finance professionals believe that finance and accounting outsourcing, whether it's comprehensive or selective, is not going to happen at their company, they're living in a dream world. This article comments that the outsourcing of business processes, particularly in finance and accounting, is moving to a higher level, requiring greater...
THE INTERNATIONAL FINANCE CORPORATION, part of the World Bank, loaned local power company Electropaz US$25 million. The company is majority-owned by Spanish utility Iberdrola.
THE INTERNATIONAL FINANCE CORPORATION, the private-sector lending arm of the World Bank, will lend US$10 million and guarantee another $13 million to Consorcio Energetico Punta Cana-Macao, a Dominican electricity company. Proceeds will finance wind-powered generation projects.
Almost all the business smarts that Erik Nelson has acquired in his 36 years in finance at Procter & Gamble has been on the job. And that approach to learning has served him well. In 1993, he was named CFO of the giant consumer products company.Nevertheless, in the five years...
SCOTTSDALE, Ariz. -- Marlin Alexander, Inc., a six-unit franchisee of Coppell, Texas-based CiCi's Pizza, recently finalized a deal with GE Commercial Finance, Franchise Finance GEFF designed to assist in the growth of the company and the concept. The deal, valued at $1.1 million, includes funds for acquisition, new store development,...
STAMFORD, Conn. -- GE Commercial Finance, the business-to-business financial services unit of the General Electric Company (NYSE: GE), today announced that it has agreed to acquire Bombardier Capital's Inventory Finance Division BCIFD.
STAMFORD, Conn. -- GE Commercial Finance, the business-to-business financial services unit of the General Electric Company (NYSE:GE), has completed its previously announced US$2.3 billion acquisition of Bombardier Capital's Inventory Finance Division BCIFD.
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