Manufacturing Finance 101

Manufacturing Finance 101

Since long before COVID-19, xTuple has been committed to the manufacturing industry and doing whatever it takes to help our customers grow. To that end, we are pleased to introduce Manufacturing Finance 101: Options, the Process & How ERP Helps. This free eBook was designed to provide an entry level understanding of the financing process, tips on avoiding pitfalls and how ERP can help accelerate the process.

Given the state of the industry and recent events, we hope it provides valuable insight and illustrates that regardless of financing needs, a robust enterprise resource planning (ERP) system provides the power and functionality to manage the entirety of a company’s operation.

For nearly 20 years, this company has worked hand-in-hand with manufacturers and distributors - of every size and level of operational complexity - providing the platform to manage and grow their respective businesses. So, while xTuple is not a consulting company or investment banker and we don’t help secure financing, we are in a unique position to help growing companies better understand financing and how ERP can play a role.

Given that the strength of our management team rests in their diverse backgrounds, which includes manufacturing and growth consulting, it simply seemed like the right path to take. We hope you'll find the information informative and useful.

Ned Lilly By Ned Lilly
Ned Lilly is president and CEO of xTuple. In October 2001, Ned co-founded xTuple, originally called OpenMFG, with the aim of bringing the worlds of open platform software and enterprise resource planning (ERP) together to solve the unmet needs of small- to mid-sized manufacturers. In 1999, he was a co-founder of Great Bridge, an early business built around the PostgreSQL database which is also the core technology for xTuple today. Great Bridge was incubated inside Landmark Communications, a mid-sized media company where Ned directed corporate venture investments, mergers and acquisitions (M&A) and startup activity. Prior to Landmark, Ned worked for a regional technology group in Washington D.C. and had a brief first career in political media — television, radio and a non-partisan news wire. He holds a B.A. from the University of Virginia and an M.A. from George Washington University.

B2B, manufacturing, Growth, B2C, accounting, CFO, technology, best practices

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