Richard Scruggs' Professional Contact Details

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HQ
+1(713) 489-0609
Location
Houston, Texas
Company

Richard Scruggs' Current Company Details

OverviewWhy don't we FIZITize? That is the question we want clients to ask. In other words, "why don't we get paid immediately upon delivery in return for a small discount rather than waiting months with the as...
OverviewWhy don't we FIZITize? That is the question we want clients to ask. In other words, "why don't we get paid immediately upon delivery in return for a small discount rather than waiting months with the associated expenses, disputes, and reconciliations? Seems like a no-brainer to me."VISION: FIZIT was founded on the belief payments for industrial goods and services should and can be as efficient as a consumer buying gasoline – delivery is confirmed, transaction value established, and the payment process initiated within minutes.BUSINESS SUMMARY: With an initial focus on companies in the energy value chain, FIZIT is a financial intermediary providing supply chain financing; increasing the velocity of money in industry segments with historically lengthy payment cycles. Leveraging, IIOT, blockchain, smart contracts, artificial intelligence, machine learning, and innovative financing, FIZIT delivers next-day payment for confirmed deliveries of B2B products and services.Our ability to monetize transactions within hours of delivery, rather than after invoicing, sets us apart from other payment solutions.PROBLEM SOLVED: The B2B payments space is inefficient. Multiple manual stepsplague payment processes, resulting in payment cycles of 30 to 45 days in a good case to more regularly, 60 to 90+ days in most cases. These payment delays lead to issues such as material reconciliation expenses, interest charges on carrying costs, opportunities for fraud, and the lost opportunity cost of funds not being available. Issues, such as these, are significant enough that, on their own, vendors often offer unsolicited discounts to encourage even two weeks of "quick pay" by their customers.VALUE PROPOSITION: By enabling immediate payment for products and services,FIZIT reduces a seller's Days Sales Outstanding (DSO), increases supply chain health, and frees capital for accelerating growth or retiring debt.

Richard Scruggs' Work History and Education

FIZITInc
Chief Executive Officer
2023 - Present
Access Sciences
Director
2019 - Present
Winston Sage Partners
Owner
2003 - Present
Pariveda
Managing Vice President
2016 - 2023 • 7 years
Pinnacle
Chief Executive Officer
2015 - 2016 • 1 year
Luminant Worldwide
Vice President and Director
1999 - 2001 • 2 years
Align Solutions
CEO and Chairman
1996 - 1999 • 3 years
Andersen Consulting
Senior Manager
1979 - 1990 • 11 years

Others Named Richard Scruggs

Principal Product Manager at Hewlett Packard Enterprise
Computer Numerical Control Machinist at Parker Hannifin
Product Marketing Manager at Hewlett Packard Enterprise
Director of Compliance at Consultant AI
Vice President/Investments at South Carolina Bank and Trust
District Manager at Dollar General
Sr Programmer/Analyst at Labcorp

Frequently Asked Questions about Richard Scruggs


What company does Richard Scruggs work for?

Richard Scruggs works for FIZITInc.

What is Richard Scruggs' role at FIZITInc?

Richard Scruggs' role at FIZITInc is Chief Executive Officer.

What is Richard Scruggs' email address?

Richard Scruggs' email address is r**@fizit.biz.

What is Richard Scruggs' business email address?

Richard Scruggs' business email address is r**@fizit.biz.

What is Richard Scruggs' direct mobile number?

Richard Scruggs' direct mobile number is (713) XXX-XXXX.

What is Richard Scruggs' HQ phone number?

Richard Scruggs' HQ phone number is +1(713) 489-0609.

What industry does Richard Scruggs work in?

Richard Scruggs works in the Financial Services industry.

Who are Richard Scruggs' colleagues?

Richard Scruggs' colleagues are Philip Fraher, Dave Levitt, David Nichamoff and Andrew Bruce.

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