The Release of Financial Management for Manufacturing Businesses

August 30, 2017

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At the Business Bank of Texas, N.A. we strive to help all of our customers be as well-informed about business banking as possible. The more you know, the better you can make the kinds of financial decisions that are most important to running a successful manufacturing business.

As a founding and cornerstone member of ARMA, we know the kind of challenges manufacturers regularly face and are confident in our ability to help these companies reach their full potential. That’s why we’ve recently put together an ebook specifically designed to help manufacturing companies optimize and grow as efficiently as possible.

Our Relationship with ARMA

In October of 2012, Business Bank of Texas, along with Texas Manufacturing Assistance Center (TMAC) brought together a group of local business leaders to establish a formal committee. This committee collaborated extensively in a joint effort to create an association of manufacturers in the Austin area, and after several months of hard work, Austin Regional Manufacturing Association (ARMA) was born. We hosted our first event in 2013 and the association has been growing ever since.

This membership driven organization is dedicated to strengthening area manufacturing through advocacy, workforce development and networking. ARMA’s mission is to be the voice and advocate of manufacturing in the Austin metropolitan area: Informing and influencing legislators, city officials, utilities, the media, and the public about manufacturing’s vital role in regional job growth, technological progress, and economic well-being. The association currently represents 1,400 local manufacturers and works to create opportunities for workforce training and job development through advocacy and educational events.

Our bank provides custom lending solutions for growing manufacturers, and is proud to work with ARMA members to leverage resources and ensure continued economic development in Austin and the Central Texas community.

Why We Made This Ebook

Over the years, our experience working with manufacturing companies has taught us a lot. And rather than simply keeping that knowledge to ourselves, we want to share it. Whether you’re currently working with us or not, we believe that all manufacturing businesses should be able to benefit from some of these lessons. We’re excited to provide you with an ebook that’s packed with valuable information that addresses practical topics for all manufacturers.

In the first section, Peter Duff, a former CFO of multiple manufacturing companies, shares his insights on how business owners can trim 25% off their expenses from four different categories. For section two, cash flow expert, Philip Campbell, walks you through some effective strategies to help you reduce inventory, improve financial results and attract capital. In the final section of the ebook, Dwayne Kolly, DJ Lewis and I will explain how you can use the powerful tool of lending to strengthen and grow your manufacturing business.

We hope this resource helps you take your manufacturing business to new heights. As always, feel free to reach out to us with any questions the material may bring up for you. We’re here to help.

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Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.
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