Cash flow fluctuations can be challenging for any business. In these uncertain times, however, businesses in many industries are experiencing ups and downs that are hard to predict. One of the most common reasons for cash flow instability is the delay between issuing invoices and receiving payment. Invoice financing, also known as invoice factoring, is one of the simplest ways to overcome this difficulty. Factoring invoices means that you receive immediate payment rather than being subjected to your clients’ payment schedule. Read more
Riviera Finance Attends Oil Sands Conference and Trade Show
Riviera Finance exhibited at the Oil Sands Conference and Trade Show in Fort McMurray, Alberta in mid-September. Alberta Premier Jason Kenney made the keynote speech and addressed his strategy to kick-start Alberta’s economy, including cutting corporate taxes, eliminating the carbon tax, and reducing limits on Alberta energy production. Oil and gas related companies from across Western Canada attended. Ryan Gabriel of Riviera Finance’s Calgary office, and Jason Smith from the Minneapolis office, enjoyed meeting with the local businesses.
Oil Production is Booming, But So are Bankruptcies
One of the biggest shifts in the U.S. economy in recent years is the drastic increase in oil production. The U.S. has increased oil production more than 60 percent since 2013, to more than 12 million barrels per day. While the U.S. once had to import most of its oil, it’s now the world’s largest oil producer. Read more
Riviera Finance Attends Ohio Valley Oil & Gas Show
Riviera Finance was excited to attend the Ohio Valley Gas Oil Expo on April 28 & 29, in St. Clairsville, Ohio. It was a well attended event. Here Jason Smith is discussing Riviera Finance factoring program with a couple of attendees. Jason offers “What was realized from Riviera Finance attending the trade show is that there is a growing demand for contractor services by the energy companies as they increase production. While this is good news for the industry, many contractors are having a tough time with cash flow to run their business when waiting for payment from the energy producers”.
Riviera Finance believes it can provide a solution to the contractors servicing the energy producers by factoring their accounts on a non recourse basis. Factoring accounts can increase the cash flow to the contractor allowing them to meet the increased demands of the energy producers.
Ohio Oil and Gas Association Meets in Columbus
Last week’s Ohio Oil and Gas Association Annual Winter Meeting in Columbus, Ohio was well attended. Here, Jason Smith of Riviera Finance is attending the booth and discussing how factoring can play a role for contractors servicing the energy producers.
What was realized from Riviera Finance attending the trade show is that there is a growing demand for contractor services by the energy companies as they increase production. While this is good news for the industry, many contractors are having a tough time with cash flow to run their business when waiting for payment from the energy producers.
Riviera Finance believes it can provide a solution to the contractors servicing the energy producers by factoring their accounts on a non recourse basis. Factoring accounts can increase the cash flow to the contractor allowing them to meet the increased demands of the energy producers.