How Good Working Capital Management Can Boost Shareholder Value

Recorded On: 11/10/2022

This on-demand webinar is available for 14 days after purchase.

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

Dev Strischek bio photoDev Strischek is principal of Devon Risk Advisory Group and speaks on a wide range of credit risk, commercial banking and lending topics. As former SVP and senior credit policy officer at SunTrust Bank, Atlanta, he was responsible for developing, implementing and administering credit policies for SunTrust’s wholesale lines of business—commercial, commercial real estate, corporate investment banking, capital markets, business banking and private wealth management. He also spent three years as managing director and credit approver in SunTrust's Florida commercial lending and corporate investment banking areas, respectively.

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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Open to view video. This on-demand webinar is available for 14 days after purchase. 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.