TCI Oilfield Factoring has supply chain financing programs designed to help oilfield service companies succeed.
Calgary, Alberta (PRWEB) May 07, 2014
TCI Oilfield Factoring, a leading provider of oilfield supply chain finance services, will be presenting their full line of supply chain finance programs at the 2014 Southern Alberta Petroleum Expo on Tuesday, May 6th and Wednesday, May 7th at the Medicine Hat Exhibition & Stampede Cypress Centre in Medicine Hat, Alberta. Glen Miles, SVP of TCI Canada Business Development and Theresa Freeman, VP of TCI Canada Operations will be representing TCI Oilfield Factoring at Booth 145.
“We’re extremely excited to be exhibiting at the Southern Alberta Petroleum Expo,” said Eric Schoch, EVP TCI Business Capital. “We have seen a huge demand for our supply chain finance services in Canada, especially in the deposit-rich Athabasca, Peace River and Cold Lake oil sands areas where new technologies and oil exploration continues to grow.”
Eric Schoch explained that the boom is great, but it can present some new challenges to oilfield service companies, especially on the side of cash flow.
“Today, 30 to 90-day pay terms are very common in the oil and gas industry, and those long pay terms make it difficult for oilfield service companies to meet their working capital needs. At TCI, we provide oilfield supply chain finance lines to address those challenges not only by maximizing cash flow, but also by greatly reducing the Accounts Receivable turn through increased efficiency in the billing process. We invite anyone who is attending the 2014 Southern Alberta Petroleum Expo to stop by TCI Oilfield Factoring at Booth 145 to learn more about our services,” said Schoch.
Eric Schoch, EVP TCI Business Capital explained that many oilfield service companies have achieved great success and growth working with TCI.
“TCI Oilfield Factoring has supply chain financing programs designed to help oilfield service companies succeed. And with many of our customer relationships spanning years, we’re happy to share our insights, as well as the success and growth that our clients have enjoyed with the improved cash flow that TCI provides,” said Schoch.
To learn more about TCI’s supply chain finance services, visit Glen Miles and Theresa Freeman at Booth 145 at the Medicine Hat Exhibition & Stampede Cypress Centre in Medicine Hat, AB between May 6th and May 7th.
About TCI Oilfield Factoring
TCI Oilfield Factoring is the oilfield factoring division of TCI Business Capital. Founded in 1994, TCI Business Capital is a privately held, international financial services company with Canadian operations in downtown Calgary, Alberta. TCI Business Capital provides a full range of business financial services including: accounts receivable management, collection services, credit analysis, factoring services, risk assessment, treasury and more. TCI assists Oilfield Service and Supply Providers throughout North America. The company is proud to be recognized for its reliability, flexibility, responsiveness, innovative products, customer service, and exemplary corporate citizenship.
Contact information and media inquiries should be directed to:
Director of Marketing
TCI Business Capital