- Factoring Sector Slightly More Optimistic as Industry Expects Better Business Conditions and Portfolio Performance
- Asset-based loan commitments grew in 2023, with fewer new clients, but larger deals
- A Unique Journey to Secured Finance: Interview with Jacob Shoihet and Peter Spradling of Marco Capital
- SFNet Launches IMPACT Awards to Celebrate Excellence in the Secured Finance Industry
- Wintrust Receivables Finance Announces Closing of $3M Line of Credit for Growing Third-Party Logistics Company
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Great Rock Capital Adds Senior Originator in Texas Market
Oct 10, 2022Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Bradley Crawford has joined the firm as Managing Director of Originations. Bradley will be based in Texas and is responsible for expanding the firm’s origination efforts throughout Texas, plus the surrounding states of Arkansas, Louisiana, Mississippi, and Oklahoma.
-
Churchill Raises Over $12 Billion for its Senior Lending Program
Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment-specialist of Nuveen, announced today that it has raised over $12 billion in third-party committed capital for the Firm’s most recent senior lending program.
This milestone includes the closings of the Firm’s flagship levered and unlevered senior loan funds, publicly-registered vehicles and separately managed accounts (collectively, the “Funds”). The Funds attracted equity commitments from a diverse group of approximately 150 institutional and high net worth investors globally, including leading public and private pension plans, insurance companies, endowments, foundations and family offices based in North America, Europe, the Middle East and Asia. -
Field Exam in Changing Times: Fundamentals and Best Practices
Oct 7, 2022Jan Tammen of PNC Business Credit discusses some of the lasting changes to the field exam industry brought on by the pandemic.
-
eCapital Expands Transportation Division with 4 Senior Hires
Oct 6, 2022eCapital Corp. (“eCapital” or “the Company”), a leading finance provider across North America and the U.K., today announced the appointments of four Business Developments Officers (BDOs) to further expand the company’s Transportation Division in the U.S. and Canada.
-
Field Examinations in 2022 and Beyond
Oct 5, 2022TSL’s editor-in-chief interviewed several field exam professionals as well as lenders to get an overview of what lenders should look for, the current challenges and the effects of the pandemic. -
Winston & Strawn Corporate Partners Elevated to Leadership Positions
Oct 5, 2022Winston & Strawn is pleased to announce that five partners have been elevated to leadership positions. Four partners have been promoted to serve as co-chairs of the Leveraged Finance and Asset-Based Lending practices, and one partner as chair of the Sponsor Finance practice.
-
CIT Northbridge Credit Serves as Agent on $40 Million Financing to Biery Cheese
Oct 4, 2022CIT, a division of First Citizens Bank, today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as agent on a $40 million revolving credit facility provided to Biery Cheese. The credit facility refinances Biery Cheese's existing senior debt and provides additional liquidity to support increased production. Croley, Martell & Associates, Ltd. served as advisor on the refinancing and referred the transaction to CIT Northbridge Credit.
-
SFNet, SBA Agree to Revised EIDL Subordination Terms for Lenders Effective Immediately
Oct 3, 2022We are pleased to announce that SFNet, with the assistance of various of its members, has successfully negotiated a consensual form of subordination agreement with the Small Business Administration (“SBA”) allowing asset-based lenders priority over certain of the same collateral granted to the SBA under an SBA facility whether the ABL facility is put in place prior to or after the SBA facility goes into effect.
-
Interview with Wells Fargo’s Mary Katherine Dubose
Oct 3, 2022In July, Wells Fargo & Company announced Mary Katherine DuBose as the head of the bank’s secured lending division that includes asset-based lending, equipment finance, supply chain finance, and inventory finance. In this role, DuBose leads key lending divisions for Commercial Banking, delivering streamlined, efficient working capital solutions to serve the needs of clients globally. Through the broad portfolio of secured lending solutions, she works directly with clients, lending on a wide variety of collateral. DuBose reports to Kyle Hranicky, CEO of Wells Fargo Commercial Banking.
-
SFNet Announces Governance Boards Leadership
Oct 3, 2022The SFNet Executive Committee and Member Directors of the Secured Finance Network have approved its FY23 SFNet Executive and Management Committee members. In addition, the Secured Finance Foundation Board and its Member Donors have approved the FY23 SF Foundation Board and Officers. These roles are essential to SFNet’s and SFFound’s governance process and to shaping the future of the organizations. SFNet encourages volunteers to join the committees listed below as the chairs develop their agendas in line with SFNet’s and SFFound’s mission and goals.
-
Jeter to Serve as BOK Financial Commercial Banking Executive Director
Sep 29, 2022David Jeter has been named executive director for BOK Financial’s Commercial Banking line of business. The line of business, which generally serves owner-managed companies and nonprofits with $5 million to $50 million in revenue, is one of the company’s largest lines of business.
-
PNC Business Credit’s DEI Initiatives
Sep 28, 2022After gathering information from various PNC program managers, Eileen Kowalski discusses the DEI initiatives of PNC Bank N.A. and more specifically those of PNC Business Credit.
-
BMO’s Asset-Based Lending Group Serves as Administrative Agent and Sole Underwriter and Bookrunner on a $250 Million Senior Secured ABL Revolver Facility
Sep 28, 2022BMO’s Asset-Based Lending group serves as Administrative Agent and Sole Underwriter and Bookrunner on a $250 million Senior Secured ABL Revolver facility to support the Centre Lane Partners led merger of its portfolio company Hollander Sleep & Décor with Keeco, LLC.
-
CIT Arranges $58.9 Million Financing for Micro-Hospital Portfolio
CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business served as lead arranger of $58.9 million in financing for the acquisition of a portfolio of six micro-hospitals.
The buyer is a joint venture directed by an affiliate of Rethink Healthcare Real Estate, formerly Seavest Healthcare Properties. Each property within the portfolio is branded Baylor Scott & White Emergency Hospital.
-
CIBC Welcomes Experienced Business Development Officer to its Asset-based Lending Team
Sep 26, 2022
CIBC today announced Ramsey Naber, managing director and business development officer, has joined its Asset-based Lending team in the Western Region.
In his role, Naber will be responsible for new deal originations and relationship development in the Western Region. Prior to joining the Bank, Naber served as Asset Based Finance Group Manager at East West Bank in Pasadena, California.
-
Spectrum Pharmaceuticals Announces Debt Financing Agreement with SLR Capital Partners with $30 Million Funded at Closing
Sep 26, 2022Spectrum Pharmaceuticals, Inc. (NasdaqGS: SPPI) (“Spectrum” or the “Company”), a biopharmaceutical company focused on novel and targeted oncology therapies, today announced that it has entered into a five-year debt financing agreement with investment affiliates managed by SLR Capital Partners, LLC (SLR) for a term loan facility of up to $65 million.
-
The Impact of Civil Law on the Growth and Debt Capital Accessibility of Southern European Micro, Small and Medium Enterprises
Sep 26, 2022In November of 2021, SFNet announced its first Cross-Border Finance Essay Contest, sponsored by Goldberg Kohn Ltd. Members of SFNet’s International Finance and Development Committee judged the essay submissions on content, originality, clarity, structure and overall contribution to furthering and expanding understanding and discourse within the field of cross-border finance. This essay tied for third place.
The authors of the winning essays have been invited to participate on a panel at SFNet’s 78th Annual Convention in Austin, TX, Nov. 9-11. The second place and first place winners will be published in the October and November issues of The Secured Lender, respectively.
-
CIT Northbridge Provides Financing to Mohawk Fine Papers
Sep 22, 2022CIT, a division of First Citizens Bank, today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, provided financing to Mohawk Fine Papers, the largest privately held premium paper manufacturer in North America. The financing will be used to refinance existing debt and provide working capital to support strategic initiatives and future endeavors.
-
Gordon Brothers Provides Academy Bus $72.5M Credit Facility to Support Growing Business
Sep 21, 2022
Gordon Brothers, the global advisory, restructuring and investment firm, has provided Academy Bus LLC a $72.5 million credit facility to support the bus company’s growing business.
The facility will support Academy Bus’ debt refinancing and continued growth to meet the increased transit, charter and commuter demand as transportation service returns to pre-pandemic levels.
-
CIBC Innovation Banking Provides Growth Capital Financing to Userlane
Sep 21, 2022CIBC Innovation Banking announced today that it has provided growth capital financing to Userlane, a software company based in Germany. Userlane will use the funds to expand its suite of products that help companies master enterprise software and associated processes more easily.
-
Great Rock Capital Adds Senior Originator in Texas Market
Oct 10, 2022Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Bradley Crawford has joined the firm as Managing Director of Originations. Bradley will be based in Texas and is responsible for expanding the firm’s origination efforts throughout Texas, plus the surrounding states of Arkansas, Louisiana, Mississippi, and Oklahoma.
-
Churchill Raises Over $12 Billion for its Senior Lending Program
Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment-specialist of Nuveen, announced today that it has raised over $12 billion in third-party committed capital for the Firm’s most recent senior lending program.
This milestone includes the closings of the Firm’s flagship levered and unlevered senior loan funds, publicly-registered vehicles and separately managed accounts (collectively, the “Funds”). The Funds attracted equity commitments from a diverse group of approximately 150 institutional and high net worth investors globally, including leading public and private pension plans, insurance companies, endowments, foundations and family offices based in North America, Europe, the Middle East and Asia. -
Field Exam in Changing Times: Fundamentals and Best Practices
Oct 7, 2022
Jan Tammen of PNC Business Credit discusses some of the lasting changes to the field exam industry brought on by the pandemic.
-
eCapital Expands Transportation Division with 4 Senior Hires
Oct 6, 2022eCapital Corp. (“eCapital” or “the Company”), a leading finance provider across North America and the U.K., today announced the appointments of four Business Developments Officers (BDOs) to further expand the company’s Transportation Division in the U.S. and Canada.
-
Field Examinations in 2022 and Beyond
Oct 5, 2022TSL’s editor-in-chief interviewed several field exam professionals as well as lenders to get an overview of what lenders should look for, the current challenges and the effects of the pandemic.
-
Winston & Strawn Corporate Partners Elevated to Leadership Positions
Oct 5, 2022Winston & Strawn is pleased to announce that five partners have been elevated to leadership positions. Four partners have been promoted to serve as co-chairs of the Leveraged Finance and Asset-Based Lending practices, and one partner as chair of the Sponsor Finance practice.
-
CIT Northbridge Credit Serves as Agent on $40 Million Financing to Biery Cheese
Oct 4, 2022CIT, a division of First Citizens Bank, today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as agent on a $40 million revolving credit facility provided to Biery Cheese. The credit facility refinances Biery Cheese's existing senior debt and provides additional liquidity to support increased production. Croley, Martell & Associates, Ltd. served as advisor on the refinancing and referred the transaction to CIT Northbridge Credit.
-
SFNet, SBA Agree to Revised EIDL Subordination Terms for Lenders Effective Immediately
Oct 3, 2022We are pleased to announce that SFNet, with the assistance of various of its members, has successfully negotiated a consensual form of subordination agreement with the Small Business Administration (“SBA”) allowing asset-based lenders priority over certain of the same collateral granted to the SBA under an SBA facility whether the ABL facility is put in place prior to or after the SBA facility goes into effect.
-
Interview with Wells Fargo’s Mary Katherine Dubose
Oct 3, 2022In July, Wells Fargo & Company announced Mary Katherine DuBose as the head of the bank’s secured lending division that includes asset-based lending, equipment finance, supply chain finance, and inventory finance. In this role, DuBose leads key lending divisions for Commercial Banking, delivering streamlined, efficient working capital solutions to serve the needs of clients globally. Through the broad portfolio of secured lending solutions, she works directly with clients, lending on a wide variety of collateral. DuBose reports to Kyle Hranicky, CEO of Wells Fargo Commercial Banking.
-
SFNet Announces Governance Boards Leadership
Oct 3, 2022The SFNet Executive Committee and Member Directors of the Secured Finance Network have approved its FY23 SFNet Executive and Management Committee members. In addition, the Secured Finance Foundation Board and its Member Donors have approved the FY23 SF Foundation Board and Officers. These roles are essential to SFNet’s and SFFound’s governance process and to shaping the future of the organizations. SFNet encourages volunteers to join the committees listed below as the chairs develop their agendas in line with SFNet’s and SFFound’s mission and goals.
-
Jeter to Serve as BOK Financial Commercial Banking Executive Director
Sep 29, 2022David Jeter has been named executive director for BOK Financial’s Commercial Banking line of business. The line of business, which generally serves owner-managed companies and nonprofits with $5 million to $50 million in revenue, is one of the company’s largest lines of business.
-
PNC Business Credit’s DEI Initiatives
Sep 28, 2022After gathering information from various PNC program managers, Eileen Kowalski discusses the DEI initiatives of PNC Bank N.A. and more specifically those of PNC Business Credit.
-
BMO’s Asset-Based Lending Group Serves as Administrative Agent and Sole Underwriter and Bookrunner on a $250 Million Senior Secured ABL Revolver Facility
Sep 28, 2022BMO’s Asset-Based Lending group serves as Administrative Agent and Sole Underwriter and Bookrunner on a $250 million Senior Secured ABL Revolver facility to support the Centre Lane Partners led merger of its portfolio company Hollander Sleep & Décor with Keeco, LLC.
-
CIT Arranges $58.9 Million Financing for Micro-Hospital Portfolio
CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business served as lead arranger of $58.9 million in financing for the acquisition of a portfolio of six micro-hospitals.
The buyer is a joint venture directed by an affiliate of Rethink Healthcare Real Estate, formerly Seavest Healthcare Properties. Each property within the portfolio is branded Baylor Scott & White Emergency Hospital.
-
CIBC Welcomes Experienced Business Development Officer to its Asset-based Lending Team
Sep 26, 2022
CIBC today announced Ramsey Naber, managing director and business development officer, has joined its Asset-based Lending team in the Western Region.
In his role, Naber will be responsible for new deal originations and relationship development in the Western Region. Prior to joining the Bank, Naber served as Asset Based Finance Group Manager at East West Bank in Pasadena, California.
-
Spectrum Pharmaceuticals Announces Debt Financing Agreement with SLR Capital Partners with $30 Million Funded at Closing
Sep 26, 2022Spectrum Pharmaceuticals, Inc. (NasdaqGS: SPPI) (“Spectrum” or the “Company”), a biopharmaceutical company focused on novel and targeted oncology therapies, today announced that it has entered into a five-year debt financing agreement with investment affiliates managed by SLR Capital Partners, LLC (SLR) for a term loan facility of up to $65 million.
-
The Impact of Civil Law on the Growth and Debt Capital Accessibility of Southern European Micro, Small and Medium Enterprises
Sep 26, 2022
In November of 2021, SFNet announced its first Cross-Border Finance Essay Contest, sponsored by Goldberg Kohn Ltd. Members of SFNet’s International Finance and Development Committee judged the essay submissions on content, originality, clarity, structure and overall contribution to furthering and expanding understanding and discourse within the field of cross-border finance. This essay tied for third place.
The authors of the winning essays have been invited to participate on a panel at SFNet’s 78th Annual Convention in Austin, TX, Nov. 9-11. The second place and first place winners will be published in the October and November issues of The Secured Lender, respectively.
-
CIT Northbridge Provides Financing to Mohawk Fine Papers
Sep 22, 2022CIT, a division of First Citizens Bank, today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, provided financing to Mohawk Fine Papers, the largest privately held premium paper manufacturer in North America. The financing will be used to refinance existing debt and provide working capital to support strategic initiatives and future endeavors.
-
Gordon Brothers Provides Academy Bus $72.5M Credit Facility to Support Growing Business
Sep 21, 2022
Gordon Brothers, the global advisory, restructuring and investment firm, has provided Academy Bus LLC a $72.5 million credit facility to support the bus company’s growing business.
The facility will support Academy Bus’ debt refinancing and continued growth to meet the increased transit, charter and commuter demand as transportation service returns to pre-pandemic levels.
-
CIBC Innovation Banking Provides Growth Capital Financing to Userlane
Sep 21, 2022CIBC Innovation Banking announced today that it has provided growth capital financing to Userlane, a software company based in Germany. Userlane will use the funds to expand its suite of products that help companies master enterprise software and associated processes more easily.
-
Great Rock Capital Adds Senior Originator in Texas Market
Oct 10, 2022Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Bradley Crawford has joined the firm as Managing Director of Originations. Bradley will be based in Texas and is responsible for expanding the firm’s origination efforts throughout Texas, plus the surrounding states of Arkansas, Louisiana, Mississippi, and Oklahoma.
-
Churchill Raises Over $12 Billion for its Senior Lending Program
Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment-specialist of Nuveen, announced today that it has raised over $12 billion in third-party committed capital for the Firm’s most recent senior lending program.
This milestone includes the closings of the Firm’s flagship levered and unlevered senior loan funds, publicly-registered vehicles and separately managed accounts (collectively, the “Funds”). The Funds attracted equity commitments from a diverse group of approximately 150 institutional and high net worth investors globally, including leading public and private pension plans, insurance companies, endowments, foundations and family offices based in North America, Europe, the Middle East and Asia. -
Field Exam in Changing Times: Fundamentals and Best Practices
Oct 7, 2022
Jan Tammen of PNC Business Credit discusses some of the lasting changes to the field exam industry brought on by the pandemic.
-
eCapital Expands Transportation Division with 4 Senior Hires
Oct 6, 2022eCapital Corp. (“eCapital” or “the Company”), a leading finance provider across North America and the U.K., today announced the appointments of four Business Developments Officers (BDOs) to further expand the company’s Transportation Division in the U.S. and Canada.
-
Field Examinations in 2022 and Beyond
Oct 5, 2022TSL’s editor-in-chief interviewed several field exam professionals as well as lenders to get an overview of what lenders should look for, the current challenges and the effects of the pandemic.
-
Winston & Strawn Corporate Partners Elevated to Leadership Positions
Oct 5, 2022Winston & Strawn is pleased to announce that five partners have been elevated to leadership positions. Four partners have been promoted to serve as co-chairs of the Leveraged Finance and Asset-Based Lending practices, and one partner as chair of the Sponsor Finance practice.
-
CIT Northbridge Credit Serves as Agent on $40 Million Financing to Biery Cheese
Oct 4, 2022CIT, a division of First Citizens Bank, today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as agent on a $40 million revolving credit facility provided to Biery Cheese. The credit facility refinances Biery Cheese's existing senior debt and provides additional liquidity to support increased production. Croley, Martell & Associates, Ltd. served as advisor on the refinancing and referred the transaction to CIT Northbridge Credit.
-
SFNet, SBA Agree to Revised EIDL Subordination Terms for Lenders Effective Immediately
Oct 3, 2022We are pleased to announce that SFNet, with the assistance of various of its members, has successfully negotiated a consensual form of subordination agreement with the Small Business Administration (“SBA”) allowing asset-based lenders priority over certain of the same collateral granted to the SBA under an SBA facility whether the ABL facility is put in place prior to or after the SBA facility goes into effect.
-
Interview with Wells Fargo’s Mary Katherine Dubose
Oct 3, 2022In July, Wells Fargo & Company announced Mary Katherine DuBose as the head of the bank’s secured lending division that includes asset-based lending, equipment finance, supply chain finance, and inventory finance. In this role, DuBose leads key lending divisions for Commercial Banking, delivering streamlined, efficient working capital solutions to serve the needs of clients globally. Through the broad portfolio of secured lending solutions, she works directly with clients, lending on a wide variety of collateral. DuBose reports to Kyle Hranicky, CEO of Wells Fargo Commercial Banking.
-
SFNet Announces Governance Boards Leadership
Oct 3, 2022The SFNet Executive Committee and Member Directors of the Secured Finance Network have approved its FY23 SFNet Executive and Management Committee members. In addition, the Secured Finance Foundation Board and its Member Donors have approved the FY23 SF Foundation Board and Officers. These roles are essential to SFNet’s and SFFound’s governance process and to shaping the future of the organizations. SFNet encourages volunteers to join the committees listed below as the chairs develop their agendas in line with SFNet’s and SFFound’s mission and goals.
-
Jeter to Serve as BOK Financial Commercial Banking Executive Director
Sep 29, 2022David Jeter has been named executive director for BOK Financial’s Commercial Banking line of business. The line of business, which generally serves owner-managed companies and nonprofits with $5 million to $50 million in revenue, is one of the company’s largest lines of business.
-
PNC Business Credit’s DEI Initiatives
Sep 28, 2022After gathering information from various PNC program managers, Eileen Kowalski discusses the DEI initiatives of PNC Bank N.A. and more specifically those of PNC Business Credit.
-
BMO’s Asset-Based Lending Group Serves as Administrative Agent and Sole Underwriter and Bookrunner on a $250 Million Senior Secured ABL Revolver Facility
Sep 28, 2022BMO’s Asset-Based Lending group serves as Administrative Agent and Sole Underwriter and Bookrunner on a $250 million Senior Secured ABL Revolver facility to support the Centre Lane Partners led merger of its portfolio company Hollander Sleep & Décor with Keeco, LLC.
-
CIT Arranges $58.9 Million Financing for Micro-Hospital Portfolio
CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business served as lead arranger of $58.9 million in financing for the acquisition of a portfolio of six micro-hospitals.
The buyer is a joint venture directed by an affiliate of Rethink Healthcare Real Estate, formerly Seavest Healthcare Properties. Each property within the portfolio is branded Baylor Scott & White Emergency Hospital.
-
CIBC Welcomes Experienced Business Development Officer to its Asset-based Lending Team
Sep 26, 2022
CIBC today announced Ramsey Naber, managing director and business development officer, has joined its Asset-based Lending team in the Western Region.
In his role, Naber will be responsible for new deal originations and relationship development in the Western Region. Prior to joining the Bank, Naber served as Asset Based Finance Group Manager at East West Bank in Pasadena, California.
-
Spectrum Pharmaceuticals Announces Debt Financing Agreement with SLR Capital Partners with $30 Million Funded at Closing
Sep 26, 2022Spectrum Pharmaceuticals, Inc. (NasdaqGS: SPPI) (“Spectrum” or the “Company”), a biopharmaceutical company focused on novel and targeted oncology therapies, today announced that it has entered into a five-year debt financing agreement with investment affiliates managed by SLR Capital Partners, LLC (SLR) for a term loan facility of up to $65 million.
-
The Impact of Civil Law on the Growth and Debt Capital Accessibility of Southern European Micro, Small and Medium Enterprises
Sep 26, 2022
In November of 2021, SFNet announced its first Cross-Border Finance Essay Contest, sponsored by Goldberg Kohn Ltd. Members of SFNet’s International Finance and Development Committee judged the essay submissions on content, originality, clarity, structure and overall contribution to furthering and expanding understanding and discourse within the field of cross-border finance. This essay tied for third place.
The authors of the winning essays have been invited to participate on a panel at SFNet’s 78th Annual Convention in Austin, TX, Nov. 9-11. The second place and first place winners will be published in the October and November issues of The Secured Lender, respectively.
-
CIT Northbridge Provides Financing to Mohawk Fine Papers
Sep 22, 2022CIT, a division of First Citizens Bank, today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, provided financing to Mohawk Fine Papers, the largest privately held premium paper manufacturer in North America. The financing will be used to refinance existing debt and provide working capital to support strategic initiatives and future endeavors.
-
Gordon Brothers Provides Academy Bus $72.5M Credit Facility to Support Growing Business
Sep 21, 2022
Gordon Brothers, the global advisory, restructuring and investment firm, has provided Academy Bus LLC a $72.5 million credit facility to support the bus company’s growing business.
The facility will support Academy Bus’ debt refinancing and continued growth to meet the increased transit, charter and commuter demand as transportation service returns to pre-pandemic levels.
-
CIBC Innovation Banking Provides Growth Capital Financing to Userlane
Sep 21, 2022CIBC Innovation Banking announced today that it has provided growth capital financing to Userlane, a software company based in Germany. Userlane will use the funds to expand its suite of products that help companies master enterprise software and associated processes more easily.