Among those exhibitors, TCI Business Capital shared its range of financial services to oil and gas professionals. TCI’s services include: accounts receivable finance and management, collections, credit analysis, risk assessment and treasury services.
TCI representative Bjorn Peterson, SVP of Business Development met with many attendees at booth 1214.
“Right now, many suppliers for oil and gas are focused on cutting costs for efficiency,” Peterson said. “The companies that are staying proactive and aggressive are figuring out ways to be profitable with oil in the mid $40s.”
The biggest challenge for oil and gas service companies is to make the aggressive changes now that will increase both efficiency and profitability. Companies that don’t take action now will face an even tougher landscape and competition when oil prices return.
“The tougher market is showing oilfield service companies and providers that there is still opportunity,” said Peterson. “By focusing on innovation and more efficient techniques in the short term, they can compete on price without compromising margins in the long term.”
With over 20 years of best-practice experience in invoicing, Master Service Agreements, and insurance compliance for oil and gas, TCI’s services are especially vital.
“In 2015, TCI Business Capital in a great position to help oilfield suppliers get paid for the hard work they do,” Peterson said. “TCI’s customers benefit from easier access to working capital to purchase and lease equipment, hire employees and grow their operations. Additionally, TCI’s accounts receivable back office and support services help maximize our customer’s cash flow and increase efficiency in the billing process.”
TCI Business Capital is a privately held, financial services company founded in 1994. The company is headquartered in Burnsville, Minnesota with operations in Calgary, Alberta, Canada. 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 the financial services experts at TCI Business Capital for a fast, no-obligation quote. 1-800-707-4845.