We’re looking forward to the Asset Based Finance Association (ABFA) Conference more than ever this year. And, before you say anything, it’s not just because we’re sponsoring the Welcome Reception (albeit that it’s a great reason to attend in its own right)!
Unmissable and unforgettable were at least two of the ‘Un’s’ that were mentioned last time we were sponsors. Venice was really special for all sorts of reasons, not least the spectacular palace in which the reception was hosted. Admittedly, these are more sober times (an odd phrase for a reception sponsor), but no less exciting – so have no fear – we’ll definitely be keeping the hospitality flowing.
The theme of the 2009 conference is ‘Back to Basics’ and based in Brighton (forgive the alliteration). However, we were thinking only this morning just how much the receivables market has changed in a matter of two years and what an interesting time it is to explore opportunities, even closer to home.
In a market that has seen such dramatic change in terms of the fortunes of players large and small, 2010 certainly looks like being no exception. The market will inevitably see more refinancings, restructures and turnarounds and rumour has it that it that it will become known as the year of the pre-pack. Transactional activity may well pick up by September 2010 and there may even be the promise of tectonic plates shifting as players change hands or become absorbed.
So then, ‘Back to Basics’. Well, December is a traditionally good time to take a few paces back and have a considered view as how to grow a commercial finance operation, both organically and through acquisition, whilst reducing risk. We have a unique take on operational effectiveness, process efficiency and risk reduction through the power of information and, with OSMO®, a proven product that demostrates our thinking. We look forward to seeing all of the people that have expressed an interest in meeting us to learn more, thank you for getting in touch.
This is also an ideal time to look forward. The conference itself is far from navel-gazing as a result. We relish the prospect of the two Turners taking to the stage. There’s a fascinating session on New Markets, New Opportunities, New Risks with Paul Turner, Head of Sustainable Development, Wholesale Banking, Lloyds Banking Group. Dennis Turner, Chief Economist of HSBC Bank plc in the City, will be giving the Key Note Speech, which will give us some up to date economic insight. Reading his biog, We thought that being a director of Fulham Football Club he must know quite a bit about highs and lows, ideally qualified to conduct an economic overview right now!
We’re also particularly keen on attending Developments in Collections Technology as well as Influence and Persuasion session, where, intriguingly Dil Sidhu of BDO Stoy Hayward LLP explores the 6 leading principles of the science behind the ‘art’ of influencing people. A 21st century take on Dale Carnegie’s How to Win Friends and Influence People it isn’t. This is based on the latest scientific research from Harvard Business School and showcases in the arrestingly titled Technology and Motivation Zone. Whilst we are at our busiest operationally, the conference genuinely can’t come fast enough. We look forward to seeing you there and giving you a warm Vision Critical welcome!
