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Use Caution Extending Credit to Startup Companies

Your Virtual Credit Manager

Startup companies are intriguing, but can also be an enigma. The successful ones receive a lot of publicity and are celebrated widely. Who will be the next Apple, Google, Facebook, or Nvidia? If you happen to be a supplyier to a successful startup you’re in luck. As they grow, so will their purchases from your firm. A small, new account can become one of your top customers in a few years, and a key contributor to the growth you seek.

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The Best Workplace Mindset  | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

In this celebratory episode of Beyond the Books, host Andrea Boccard is joined by Amy Harold to discuss the prestigious Inc. Best Workplaces award.

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Stop Wasting Money on Subscriptions: Here’s How to Cancel Subscriptions You Forgot About

Credit Absolute

Americans have become accustomed to a subscription lifestyle, with a whopping 92% of younger demographics actively subscribed to various services. According to a West Monroe Partners study West Monroe Partners, this convenience comes at a cost, with the average consumer unknowingly spending a significant $273 monthly on subscriptions. This figure is even higher than initial […] The post Stop Wasting Money on Subscriptions: Here’s How to Cancel Subscriptions You Forgot About appeared

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10 Common Mistakes Made in Commercial Credit Management

Credit Management Group UK

Throughout my years in commercial credit management, I have identified several mistakes that companies make within their order to cash process; mistakes that are often very small and easily fixed; make enough of them, however, and you could find your cash flow isn’t flowing the way you would like it to. Mistakes in Commercial Credit Management: no terms and conditions of sale It is amazing how many times I have come across a company that don’t include their terms of sale with their quotes.

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Ultimate Guide to the Costs of Opening a Laundromat

biz2credit

Owning a laundromat can be a lucrative business opportunity for entrepreneurs. With the right location and equipment, a laundromat can provide a steady income stream with relatively low ongoing costs. But it can be a sizeable initial investment, costing between $200,000 and $500,000 to open a new laundromat, and $100,000 and $400,000 to buy an … Continue reading "Ultimate Guide to the Costs of Opening a Laundromat" The post Ultimate Guide to the Costs of Opening a Laundromat published firs

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AccountingDepartment.com Awarded Inc. Best Workplaces 2024 Recognition

Accounting Department

We are thrilled to share that AccountingDepartment.com has been selected for inclusion in the Inc. Best Workplaces list, for the third year in a row! This recognition in 2024 highlights the success of the workplace environment we have cultivated over the last 20 years. We are grateful for the privilege of being acknowledged as an Inc. Best Workplace for the last 3 years now, and we extend our appreciation to our entire staff, who make it such a wonderful place to be every day.

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Wesco/Incora Uptier Litigants Outline Positions in Post-Trial Briefs; UCC Suggests Participants Behaved Inequitably, New 1L Notes Should Be Subordinated

Reorg Blog

The post Wesco/Incora Uptier Litigants Outline Positions in Post-Trial Briefs; UCC Suggests Participants Behaved Inequitably, New 1L Notes Should Be Subordinated appeared first on Reorg.

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EXPERIENCE AND INNOVATION: WHY COMPANIES RELY ON SOA PEOPLE IN CREDIT MANAGEMENT

SOA People

Peter Maibaum, Senior Sales Manager at SOA People, has around 25 years of experience in software sales for credit management products and services. In the following video interview, he talks about the benefits and scope of the Ready4 Credit Management solution and emphasizes the important role of partners. He also explains his perspectives on current developments and future challenges in international credit management.

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Boost Your Sales with Omnichannel Automation Using Atom8

Grit

Omnichannel automation allows you to connect with customers across different channels like email, social media, and messaging apps. Using the right tool, you can automate your communication with customers, send them personalized messages, and respond quickly to their queries. This helps you improve your customer experience and boost your sales. In this blog post, we’ll explore how Atom8’s omnichannel automation can benefit your business and help you stand out from your competitors.

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Florida fisherman pleads guilty to evading $400,000 in taxes

Due

A Florida resident has pleaded guilty to evading $400,000 in taxes in a case brought by the Internal Revenue Service (IRS). According to the documentation presented by the Justice Department’s Tax Division, Christopher Garraty has defrauded the IRS for approximately $413,879 from 2002 until 2018. Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and U.S.

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Xerocon London: Highlights from the event

Chaser

Last week, Xerocon , the annual conference of Xero, took place in London, and what an event it was! Xerocon is unlike any other conference, often referred to as the "Glastonbury for accountants." This two-day event was hosted at the Excel in London on the 13th and 14th of June, drawing in over 3000 accountants and bookkeepers. More than 50 global brands, including Chaser, showcased their products, and there were several keynote speakers, such as Sue Perkins and Sam Conniff.

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FROM DATA MANAGEMENT TO AUTOMATION: NEW PATHS IN CREDIT MANAGEMENT WITH CREDITSAFE AND SOA PEOPLE

SOA People

As a global credit agency with 26 offices on 3 continents, Creditsafe offers its customers up-to-date credit and creditworthiness information on more than 430 million companies worldwide. In an interview, Marc Sander, Head of Strategic Partner Management at Creditsafe, explains the relevant factors for risk assessment as well as the current developments and challenges in credit management.

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Maximizing Success During the Busy Season: Essential Tips for SMBs

biz2credit

The busy season presents a golden opportunity for small and medium-sized businesses (SMBs). With careful financial planning and strategy, small business owners can use the surge to maximize revenue and expand their customer base. However, it can also be a taxing period, requiring significant preparation. This guide will help small business owners navigate the busy … Continue reading "Maximizing Success During the Busy Season: Essential Tips for SMBs" The post Maximizing Success During the

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The Importance of Transparency in Business | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

Andrea Boccard teams up with Dennis Najjar, co-founder of AccountingDepartment.com, to explore the pivotal role of transparency in business success.

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Financial implications of raising three children

Due

Raising children is a rewarding experience — the best in fact — but it also involves significant financial responsibilities. The cost of raising a child is a critical factor that parents need to consider when planning their family. This article provides an in-depth analysis of the financial implications of raising three children until they’re 18 years old.

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Enviva Dismisses UCC’s Appeal of ‘Unusual’ ‘Company Allocated Portion’ of DIP as ‘Litigation Tactics’ and ‘Negotiation Leverage’

Reorg Blog

The post Enviva Dismisses UCC’s Appeal of ‘Unusual’ ‘Company Allocated Portion’ of DIP as ‘Litigation Tactics’ and ‘Negotiation Leverage’ appeared first on Reorg.

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SOA People Credit Management Forum 2024: A Recap of Innovations and Best Practices

SOA People

In March 2024, we launched a new event format: the SOA People Credit Management Forum. Why did we do this? It is important to us that our customers have a platform where they can learn about innovations and best practices, participate in product development, listen to exciting presentations and interesting discussions and benefit from comprehensive exchange and networking in the credit management context.

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BigCommerce Inventory Troubles? Here’s How to Fix Them

Grit

Managing inventory effectively is crucial for the success of any eCommerce business. According to a study by Wasp Barcode Technologies, 43% of small businesses either don’t track inventory or use a manual process to do so. BigCommerce inventory management offers robust tools to help businesses keep track of their stock levels, avoid stockouts, and optimize their inventory processes.

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Chaser wins Best Technology Provider at the 2024 Credit Awards

Chaser

Pleased to share Chaser has won the Best Technology Provider (Collections) award at the 2024 Credit Strategy Awards. After being shortlisted for the awards in May it is an honor to be recognized by the prestigious Credit Strategy group as a winner, for Chaser's commitment to providing businesses around the globe with cutting-edge technology and AI to help them protect and bring their revenue in faster.

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Decoding anxiety’s protective role

Due

Anxiety, often misunderstood and misinterpreted, is a complex emotion that can be both debilitating and protective. It’s a psychological state characterized by excessive worry, fear, and apprehension. While it’s commonly perceived as a negative emotion, it’s essential to understand that anxiety, at its core, is a protective mechanism.

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How do you fill the gap between the books and the board?

blue dot counseling

You can create bad practices that embed themselves like fossils at the heart of the business and continue to be corrosive for a long time to come. The post How do you fill the gap between the books and the board? appeared first on Blue Dot Consulting.

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Innovation and valuable projects: how Baywa optimizes its credit management processes

SOA People

BayWa AG is an international company from Munich, specializing in innovative and sustainable solutions in the fields of agriculture, construction and energy. In this interview, Tina Haus-Bienerth, Head of Corporate Credit Management, explains the importance of digitalization and optimization in credit management and how SOA People supports them in this process.

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LSQ Creates $3MM AR Facility for Florida-based Internet Service Provider

lsq

ORLANDO, Fla. (June 17, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million accounts receivable credit facility for a Florida-based fixed wireless internet provider. The company was referred to LSQ by a wealth management partner. As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management. “The company is on track for remarkable growth, and the added wo

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Keeping your data safe in cloud-based solutions

Plooto

As your business grows, you’ll be responsible for managing more and more business information and customer data. Even though growth is positive, k eeping up with data as it’s shared between platforms while maintaining it safely can feel overwhelming. If you’re worried about how to keep your data safe while scaling your business, cloud-based automation is a worthwhile solution to look into.

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How to Boost Your Retirement Income with a Reverse Mortgage

Due

Many Americans have used the reverse mortgage as a way to make retirement living more affordable. With the cost of healthcare and other living expenses dramatically rising in recent years, it’s no wonder that thousands of people choose this option. In 2022, a national survey of homeowners who had reached retirement age found that many had trouble covering their everyday expenses , These mortgages let homeowners older than 62 turn part of their home equity into cash to help deal with these

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What You Should Know about SBA Express Loans

FNB Small Business

If you are pursuing an SBA 7(a) or 504 loan for a major project, like acquiring a business or purchasing commercial real estate, you might also need additional financing to support day-to-day business operations. That’s where an SBA Express Loan comes in! This loan product is specifically designed to help small business owners with current business needs while also enabling them to plan for future expansion and growth.

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Optimizing your SAP system with SOA People: An interview with Steffen Weingaertner

SOA People

As a European SAP Gold and Platinum Partner, the SOA People Group supports its customers in finding and implementing the best solutions for their individual requirements. In an exclusive interview, Steffen Weingärtner, Head of Sales SAP, talks about how SOA People supports customers throughout the entire SAP lifecycle - from initial consulting and planning to implementation, long-term support and operation.

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B2B Customer Payment Portal: Definition, Types & Process

Gaviti

Although B2B customer payment portals are often confused with customer payment portal software, they target different audiences and offer different functionalities and integrations. What is a B2B Customer Payment Portal? A B2B customer payment portal facilitates customer payment collection by customers of B2B businesses the ability to pay their receivables, which are often high-volume and complex.

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BigCommerce Klaviyo Integration – Complete Approach for Email Marketing

Grit

When it comes to being successful with an online store, you can’t ignore Bigcommerce’s marketing tools. Every business needs marketing and promotion to survive. If you’re new to eCommerce or haven’t found a good marketing strategy for your business yet, we have something for you! We’re going to tell you about a great solution called Klaviyo.

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How to Fly for Free

Due

It’s that golden time. You’ve retired after years of labor. The future awaits you, with its vast expanses — ready for you to explore. Retirement can be a time to rest, relax, and reflect on all you have accomplished. It is also a great time to travel to places you have always longed to visit. Traveling and exploring can come with hefty costs.

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AI and automation in receivables: A game-changer for Finance Teams

Chaser

In today's fast-paced world, AI is transforming industries across the board, in fact 77% of companies are either already using, or exploring the use of AI in their processes. Finance is no exception to this fast-growing transformation.

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