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Transformation is increasingly less of a choice in financial services. As companies embrace digital technologies, the process is often easier said than done. Accord has been on a digital transformation journey for the past three years. In a recent article in Information Week, Eric Starr, Accord's SVP, Program Operations and Risk, shares tips learned through this process.
Accord's Capital Markets group was created to fund lending opportunities in a collaborative manner with other financing companies, enabling us to meet the larger needs of customers.
Accord Financial Corp. (TSX – ACD) (the “Company”) today announced the voting results from its Annual and Special Meeting of Shareholders (“ASM”) held on May 5, 2021 in Toronto, Ontario.
Meridian and Accord Financial Corp. announced a strategic partnership today to provide small and medium businesses with more options for financing. It comes at a time when businesses are looking for ways to ensure they succeed today and be positioned for the post-pandemic future.
Accord Financial Corp. (TSX – ACD) today released its financial results for the quarter ended March 31, 2021. The financial figures presented in this release are reported in Canadian dollars and have been prepared in accordance with International Financial Reporting Standards.
Accord Financial Corp. (TSX – ACD) today announced that its Board of Directors has declared a quarterly dividend of $0.05 per share, payable June 1, 2021, to shareholders of record at the close of business May 14, 2021.
Although much of the sporting goods sold in North America are imported from overseas, there has been an increase in reshoring for many categories. Working capital needs differ greatly between domestic production and importing to get from design to collecting accounts receivable post-sale in the cash conversion cycle.
Fiscal 2020 presented Accord’s toughest challenge since the start-up years in the late 1970s. Despite the headwinds we made significant progress in positioning Accord for the next phase of growth. As the economy reopens, Accord is ready to roll.
When business owners reach out to discuss their working capital requirements, many have a need relating to purchase order financing, or PO financing. In the simplest form, they have an order or pipeline of orders, but lack the cash flow to be able to convert their orders into sales.