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Corporate Restructuring and Working Capital Management
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Working Capital Financing: What Smart Customers Think About Your Product-webcast by Igor Zax

Sunday Aug 17, 2014

Igor Zax, Managing Director of Tenzor Ltd, will be presenting a webcast “Working Capital Financing: What Smart Customers Think About Your Product” for Commercial Finance Association (CFA), the major the international trade association dedicated to the asset-based lending and factoring industries, 11 September 2014

“What you will Learn” Bullet points

  •  Strategic drivers- changing industry structure and collaboration
    • How modern supply chain and distribution strategies affect working capital and financing landscape
  •  “Technical” factors- accounting, covenants, rating agencies, public markets
    • What considerations company have in using and evaluating working capital finance techniques
  • Value of innovation
    • How innovative financing solutions are going to change the landscape of various segments of working capital financing industry

Igor Zax to moderate a panel “Developing Value in an Invoice Financing Business”

Tuesday Mar 4, 2014

Igor Zax, CFA,  Managing Director of Tenzor ltd., is going to moderate a panel “Developing Value in an Invoice Financing Business: What Makes it Ripe for Investment?” at Receivables Finance 12th Annual Convention in Warsaw, Poland, 1-2 April 2014. He will be joined at the panel by Simon Featherstone, Global CEO of Bibby FInancial Services, Margrith Lutsch-Emmenegger President, Fimbank and Chairman, International Factors Group, and Richard Woodhouse.
Igor Zax is alos going to present at a panel “Understanding the Supply Chain Finance Ecosystem” at the same conference togheter with heads of Supply Chain Finance from HSBC, ING and RBS.


DISTRIBUTION FINANCE – A TIME FOR CHANGE? by Igor Zax and James C. Berry II in World Supply Chain Finance Yearbook 2013/2014

Tuesday Jan 14, 2014

Igor Zax, managing director of Tenzor Ltd, and James C. Berry, II, Executive Director, 5I Group LLC, published a new article, Distribution Finance – A time for change in World Supply Chain Finance Yearbook 2013/2014, a major publication by BCR/Factorscan.
The article addresses industry landscape and fundamentals, new products and approaches to make the industry more competitive and better serve client needs, and opportunities for new entrants (such as leasing companies and banks) in this market.


Igor Zax to present at Receivables Finance 12th Annual Convention

Friday Nov 29, 2013

Igor Zax, Managing Director of Tenzor ltd., is going to present at Receivables Finance 12th Annual Convention in Warsaw, Poland, 1-2 April 2014. He will be joining a distingushed panel including Bertrand de Comminges, Global Head Open Account Solutions, HSBC, Anil Walia, Global Head of Supply Chain Finance, RBS and Joaquin de Jiménez Krijgsman, Global Head Supply Chain Finance, ING Commercial Finance for a session on Understanding the Supply Chain Finance Ecosystem, adressing role and challenges of both Supply Chain FInance and Distribution FInance globally.


Igor Zax to present at Investing in Distressed Debt Conference by IIR

Friday Jul 12, 2013

Igor Zax, Managing Director of Tenzor ltd., is going to present at IIR 10-th Annual Investing in Distressed Debt Conference to be held in London 25-26 September 2013. He will be co-hosting the panel “European Overview: Which Regions will provide the best Opportunities” with Michael Kolbeck from Lone Star and Xavier Lepine from Parceva Capital.


Credit Insurance-Lessons From The Crisis-by Igor Zax in Insurance Insight

Wednesday Mar 20, 2013

Igor Zax, managing director of Tenzor Ltd, published a new article, Credit Insurance Lessons From the Crisis in Insurance Insight, leading insurance publication.

The article looks into the value proposition of credit insurance, common misconceptions about it use, risks of relinquishing control of credit process and efficient use of credit insurance as part of financing solutions.

Reprinted with permission.


Supply Chain Finance-Where Will The Future Lead -by Igor Zax

Thursday Jul 5, 2012

Igor Zax, managing director of Tenzor Ltd, published a new article, Supply Chain Finance Where Will the Future Lead in GT News (major treasury publication by AFP).

The article discussed advantages and implications of seller centric approach to SCF, as well as use of SCF within overlall context of Supply Chain co-operation.

Reprinted with permission.


Operational Turnaround –Focus on Working Capital and Supply Chain-lecture by Igor Zax at LBS

Saturday Mar 24, 2012

Igor Zax CFA, founder of Tenzor Ltd, gave a new guest lecture Operational Turnaround –Focus on Working Capital and Supply Chain as part of a course “Mergers, MBOs and Other Corporate Reorganisations” by professor Paolo Volpin at London Business School 23 March 2012.

The lecture covers principles of distressed investments, corporate turnaround and operational due diligence. It also focuses on supply chain and working capital implications, use of asset backed lending, vertical integration and business model re-design.

Slides for the presentation can be seen by clicking the link below:
Operational Turnaround –Focus on Working Capital and Supply Chain


Designing a Corporate Credit Policy- by igor Zax in GT News

Friday Feb 24, 2012

Igor Zax, managing director of Tenzor Ltd, published a new article, Designing a Corporate Credit Policy in GT News (major treasury publication by AFP).

The article discussed effects of granting credit to customers, credit origination process,credit risk management, dilutions/late payments and their effects, concentrated A/R, effect of A/R policy on return on capital.

Reprinted with permission.


Supply Chain Finance – a Strategic View-article by Igor Zax for Supply Chain Yearbook 2011/2012

Thursday Dec 8, 2011

Igor Zax, managing director of Tenzor Ltd, published a new article, Supply Chain Finance – a Strategic View in Supply Chain Yearbook 2011/2012, a publication by BCR Publishing/Factorscan.

The article focuses on both buyer-centric and seller centric (such as distribution finance) models from risk, route to market, impact on the supply chain structure and systems/process points of view.