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Home / Experts / Julie Murphy

Julie Murphy

Julie Murphy is vice president of Marketing, Commercial Credit Group, commercialcreditgroup.com. Email jmurphy@commercialcreditgroup.com.

Articles by Julie Murphy

Funding Your Company’s Digital Transformation

Commercial Credit Group Inc., Commercial Credit Group, digital manufacturing, digital transformation, Information Security, Data Analytics, Cloud Services, Internet of Things, Process Automation, Machine Learning, Artificial Intelligence, ROI, ERP

To realize the full potential of implementing digital initiatives within your operation, consider what type of impact these initiatives can have, and how you can monetize the changes. In some cases, the monetization is simply reducing costs.

Do Your Homework to Realize the Advantages of Used Equipment

Julie Murphy, Commercial Credit, Commercial Credit Group, used machinery, used equipment

Shipment delays and supply chain bottlenecks can prevent new machinery from being delivered on time, as an example, and imped efficient production and opportunities for growth. One option is to purchase used equipment, which is readily available and less expensive.

Equipment Lease Versus Loan: Which Is Right for Your Shop?

capital investment, manufacturing equipment, lease, loan, equipment, machinery

Many machine shop owners are planning to make capital investments within the next year, which includes machinery. There are a few questions you should consult with your lender when dceciding if it’s better to lease or take out a loan.

Financing for the Next Stage

Financing, machine shop

Machine shops must invest in technology to compete; however, cutting-edge technologies become obsolete sooner, and with a low demand on the secondary market, lenders are reluctant to finance your growth plans. Thankfully, there are a variety of financing mechanisms to consider.

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