Procurement Insights from Nitor

Jordon DiRito

Jordon DiRito
Jordon is a seasoned leader with over 14 years of experience in Treasury, Commercial Card and Working Capital. He has held roles in both financial institutions and professional services firms, working with clients ranging from mid-market to Fortune 500 on a myriad of technical projects. His primary focus is combining technical expertise with client requirements and strategy.
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Recent Posts

The Power of True Liquidity Positioning and Forecasting

Posted by Jordon DiRito on Oct 1, 2018 2:14:41 PM

On September 13th, Nitor hosted a 1-hour webinar discussing how to make better, strategically-informed decisions about liquidity, titled: The Power of True Liquidity Positioning and Forecasting with a Treasury Management System.

(If you were unable to attend the live event, don’t worry, you can access the recording with the link below.)

This session, featuring Jeff Scott, Principal at Nitor, highlighted the importance of implementing a Treasury Management System. 

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Topics: webinar, treasury management, treasury and working capital

Working Capital: Age-Old Strategies Getting Facelift From New Tech

Posted by Jordon DiRito on Aug 14, 2018 1:18:17 PM

Now, more than ever, organizations depend on Treasurers to be the fiscal watchdog. Most critically, Treasurers are asked to be the steward of the company’s most important asset: Cash. Everyone knows this asset is the life blood of an organization, propelling the generation of goods and services and the rewards that come along with their delivery. Treasurers also keep the organization running smoothly by forecasting what financial flexibility the organization can rely upon through various business cycles. Because when cash runs out, or if there’s even a question about liquidity, production is thrown off, or worse, grinds to a halt.

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Topics: treasury management, treasury and working capital

Using Supply Chain Finance to Generate Cash Flow

Posted by Jordon DiRito on Jun 20, 2018 2:27:33 PM

CFOs today depend on the strategic function of treasurers more than in previous years. One reason why the treasurer’s role has become more aligned to the CFO’s agenda is a direct result of the treasurer’s ability to unlock value within the organization at a low cost, and drive strategic objectives of the CFO, such as offering a more comprehensive view of cash and payments, acquisition strategies and capital allocation strategies.

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Topics: treasury management, treasury and working capital

Free Cash Flow, Eliminating the Culture of Cash Hoarding

Posted by Jordon DiRito on Jun 5, 2018 9:06:46 AM

CFOs today are under more pressure than ever before from their board of directors and CEO to unlock trapped cash. Unfortunately, regional operations hold unnecessary cash buffers to protect their balance sheet. This cash-hoarding culture is detrimental to free cash flow, and could eliminate the opportunity to execute the corporate capital allocation strategy, including share repurchase targets, corporate debt repayments, shareholder dividends, and M&A initiatives.

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Topics: treasury management

Eliminating the Pain from Payments with a Treasury Management Solution

Posted by Jordon DiRito on May 23, 2018 9:53:34 AM

Treasury professionals who manage cash are faced with many challenges, especially if they have not invested in a modern solution to help centralize their payments operations. These challenges are amplified when considering the recent escalation in payments fraud. More than three-quarters (78 percent) of organizations admitted that their payments operations were targeted by fraudsters last year, according to the Association for Financial Professionals (AFP’s) 2018 Payments Fraud Survey. Companies using disparate payment systems, applying inconsistent controls, and adopting manual payment policies, rather than digitized policies were more likely to have experienced loss from fraud, according to the survey. Furthermore, AFP’s research found that business email compromise (BEC) has become a very significant fraud threat, with 77 percent of organizations experiencing it in 2017.

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Topics: treasury management

Working Capital: Old Term, New Trends

Posted by Jordon DiRito on Apr 25, 2018 10:40:13 AM

Join us for a timely panel discussion on Treasury's impact on Working Capital, the importance of fair market payment terms, and how terms management can impact company financials for both buyers and suppliers. 

The lunch will be held at Gallaghers Steak House, 228 W 52nd St, New York, NY 10019 on May 15th from 12 – 2 PM.

Our esteemed panel will discuss:

  • Industry trends and best practices in Working Capital 
  • Tactical elements needed to succeed in running a Working Capital Program
  • Importance of fair market payment terms in a changing economy
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Topics: treasury and working capital

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