Abrigo

MAY 2, 2024

Boost your small business lending efforts from the bottom up Small businesses play a crucial role in our economy, and one of the critical factors in their success is access to funding. You might also like this guide for smarter, faster small business lending. DOWNLOAD Takeaway 1 Your loan policy sets the tone for the institution's approach to risk appetite, risk tolerance, lending philosophy, and organization of the lending function.

Small Businesses 78

Small Businesses Credit Risk Credit Unions CECL 78

Your Virtual Credit Manager

APRIL 30, 2024

Payment Terms define when a customer is supposed to pay your invoice for the products and/or services your firm provided. at your expense, using your cash. For many industries the “norm” is 30 days from invoice date (Net 30), but there are many variations. Some, such as food distributors, may offer as few as 7 days (Net 7), while other industries require payment on a specific day of the month for all purchases made anytime during the previous month (e.g., Net 10th Prox).

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Credit Risk Bankruptcy 100

Credit Research Foundation

APRIL 26, 2024

You Never Asked for it, or Wanted it, but YOU GOT IT! The Portal Dilemma – Seamless A/P and A/R Integration Portals… The credit professional didn’t ask for it, but they’re here and must be dealt with. Over the past 10 years AP and AR portals have become an ever-growing nuisance for the credit professional. In fact, on average each CRF member deals with more than 15 portals and many have hundreds of these headaches.

Order to Cash 195

Order to Cash 195

RevCycle

APRIL 25, 2024

Summary Healthcare debt is a growing concern in the United States, placing a significant burden on both patients and providers. While Artificial Intelligence (AI) is making waves in the debt collection industry, this paper argues that a human-centric approach focused on empathy, understanding, and flexible solutions can achieve higher netback for healthcare providers while treating patients with dignity and respect.

Debt Collections 221

Debt Collections Collector Medical Billing Deductions 221

blue dot counseling

APRIL 27, 2024

Accountants & bookkeepers let themselves be constrained by the standard chart of accounts in Xero. But see it as a starting point, not a fait accompli. The post Build a useful Xero chart of accounts appeared first on Blue Dot Consulting.

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111

Due

APRIL 27, 2024

The iconic bell of the New York Stock Exchange (NYSE) has been a symbol of the financial world’s rhythm for the past century. Every Monday through Friday, at precisely 9:30 a.m. and 4:00 p.m., the bell rings to signal the opening and closing of trading. This bell doesn’t just dictate when you can buy and sell stocks, a practice engaged in by 58% of American households, but it also shapes people’s lives and schedules.

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Accounting Department

APRIL 25, 2024

When you have a small or mid-size business, one of the issues you can run into is not having all the departments a larger company would have. In other words, you might not have dedicated employees for HR, accounting, and other areas.

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Chaser

APRIL 30, 2024

Late payments are one of the biggest challenges to steady cash flow and predictable revenue for businesses. Although you may do your best to stay on top of invoicing and billing, outstanding accounts receivables ultimately hinder your profitability.

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Abrigo

APRIL 25, 2024

Recent data and trends of the small business lending market SMB Lending Insights is a snapshot of current financial trends and metrics that impact small and medium-sized business (SMB) lending and financial institutions. You might also like this guide for smarter, faster small business lending. DOWNLOAD Takeaway 1 SMBs and financial institutions face tremendous uncertainty in the current environment, which is characterized by elevated interest rates, high inflation, and growing personal de

Small Businesses 78

Small Businesses Credit Unions Credit Risk CECL 78

Due

APRIL 29, 2024

As a business leader in this economy, you know that the best way to retain top talent is not to lose it in the first place. Anything you can do to reduce employee turnover and preserve institutional knowledge counts as a win these days. You also know or are slowly finding out, that retaining talented employees requires an “all of the above” approach.

Deductions 75

Deductions Small Businesses 75

biz2credit

APRIL 30, 2024

Small businesses are the backbone of the American economy, generating roughly two out of every three jobs in the country, according to the Small Business Administration (SBA). Each year, National Small Business Week (NSBW) celebrates this contribution and generates awareness and appreciation for small businesses across the U.S. If you’re a small business owner, National … Continue reading "How to Celebrate National Small Business Week" The post How to Celebrate National Small Busines

Small Businesses 59

Small Businesses 59

Accounting Department

APRIL 30, 2024

Fyle provides a software solution that empowers small businesses to effortlessly access their corporate credit card transaction data, granting them enhanced insight into employees' expenditures in real time. This software seamlessly integrates with the accounting tools of small businesses, automating the retrieval of expense data and relieving finance teams from the burden of manual transaction input.

Transactions 66

Transactions Small Businesses 66

Credit Tools

MAY 2, 2024

In the tumult of digital technologies increasing the efficiency of credit managers and credit analysts, the venerable financial analysis remains the judge of the peace for the evaluation of a company.

Credit Management 52

Credit Management 52

Chaser

MAY 2, 2024

Assessing how credit departments receive late payments can help them determine the efficiency of their collection methods. Metrics such as days sales outstanding (DSO) , and average days delinquent (ADD) can help them know their current position and areas they need to improve on.

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Average Days Delinquent Days Sales Outstanding DSO Credit and Collections 52

Due

MAY 2, 2024

The stock market’s display today banished worries that the Federal Reserve would hit Wall St with a rate hike. The governmental body released the FOMC statement and the following implementation note , a crucial guide for investors. They affirm that the economy is progressing towards the desired 2% inflation range. Stock exchange weathers the Fed’s projections The jobs report is inbound from the U.S. government, and leading light in the tech industry Apple’s stocks ( APPL ) repo

Transactions 52

Transactions 52

Reorg Blog

MAY 1, 2024

U.K. supermarket chain Asda is currently marketing £1.75 billion senior secured notes due 2030 in tandem with the €1.05 billion term loan due 2031 that was launched last week.

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Accounting Department

MAY 2, 2024

Last week, AccountingDepartment.com Business Development Representative, Shawn Marcum hit the road and attended the CEO Coaching Make BIG Happen Summit in Miami, FL.

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Onguard

MAY 1, 2024

51% van de jongere generatie (18 tot 34 jaar) vindt dat hun generatie meer openstaat voor datagedreven werken dan hun ‘oudere’ collega’s, zo blijkt uit een recent onderzoek van Onguard. Maar wat betekent dit in het tijdperk van digitale transformatie en de snelle uitbreiding van technologie op de werkplek? En hoe kunnen bedrijven deze leeftijdskloof benutten om technologie op de best mogelijke manier te integreren?

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Emagia

MAY 1, 2024

Generative AI took the business community by storm in 2023, sparking a flurry of interest and prompting organizations to evaluate its potential uses. As we approach 2025, this evaluation period will give way to broader adoption as more companies embrace the technology. “The time has come to take advantage of it in terms of how we do things and how we might be able to do things better,” says David Schmidt, Managing Director at A2 Resources and former longtime contributor with Credit T

Order to Cash 52

Order to Cash Cash Forecasting Credit and Collections Shared Service Center 52

Due

MAY 2, 2024

I don’t usually talk about my parents in my writing, but in this case, it helps to bring up their story as a couple. Both my Mom and Dad were hardworking, but my mother had the job that paid more in our family. She worked at Pacific Bell for 30 years, while my Dad worked as a security guard and a mailman in the blue-collar Mission District of ’70s and ’80s San Francisco (yes, that once existed, you techies).

Credit and Collections 52

Credit and Collections 52

Reorg Blog

MAY 1, 2024

The post Global Gaming Sector Quarterly: Global Market Resilient; Strong European, US Issuance; Online Exposed Names, Lottomatica, Flutter Demonstrate Strong Fundamentals, Future Growth Potential appeared first on Reorg.

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Cpcmcredit Blog

MAY 1, 2024

I would generally hesitate to link to the Guardian on any subject surrounding Brexit but this piece gives a balanced clear assessment of the current status of EU border controls for “perishable” goods The key issue here is that the imposition of border checks into the uk are about to commence. The impact and cost to major importers is probably not significant.

Transactions 52

Transactions Small Businesses 52

Plooto

APRIL 30, 2024

When your business is growing rapidly, there’s a lot to celebrate. But growth also brings its challenges — especially when growth is outpacing your hiring. As businesses grow, finance teams often find their workload expanding much faster than their budget or their team. More customer orders mean additional money flowing in and out — which also means more financial transactions to process and more strategic decisions to make.

Transactions 52

Transactions 52

Emagia

MAY 1, 2024

Improving invoice processing for Accounts Payables in NetSuite using an AI tool like GiaDocs can significantly enhance efficiency, accuracy, and overall financial management. “Efficient invoice processing is no longer just an operational necessity, but a strategic asset. Companies that harness the power of AI and automation in their accounts payable are not only achieving cost reductions but are also enhancing accuracy, speeding up processing times, and gaining invaluable insights into the

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Invoice Amount Transactions 52

Due

MAY 1, 2024

A deep-seated dichotomy exists between the mind and the spirit in the vast expanse of human consciousness. This dichotomy, often overlooked, forms the very essence of our existence. Many of us believe in the existence of a soul, a spiritual essence that goes beyond our physical bodies. Yet, we often find ourselves completely identified with our minds, which embodies ego.

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lsq

APRIL 30, 2024

ORLANDO, Fla. (May 1, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $3.5 million accounts receivable credit facility for a staffing firm specializing in hospitality and IT. The company was referred to LSQ by a bank partner. The additional working capital will be used to support their rapid growth with additional new contracts.

Credit and Collections 52

Credit and Collections Bankruptcy Credit Management 52

aptic

APRIL 30, 2024

With the European Union (EU) at the forefront of data protection legislation, recent developments in IoT and IT services have ushered in a new era of regulatory requirements. The new Data Act assumes that much of the data generated by so-called connected products and services is unused or controlled by a small number of large (mainly US) companies.

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Chaser

APRIL 25, 2024

Healthcare revenue cycle management is a vital component of your business. Without predictable income, you are unable to pay your providers and continue to deliver exceptional care to patients. Automation offers cash flow improvements for healthcare providers that can deliver greater outcomes for staff, patients, and communities.

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Reorg Blog

APRIL 25, 2024

Altice France has a mountain to climb to reach its revised target of reducing net leverage to below 4x, which would provide it with an about 1.5x equity cushion based on Reorg’s estimated 5.5x EV multiple for the group. While the company’s €4 billion plus of expected sale proceeds provides it with options, the path to the revised target is not clearcut.

Transactions 59

Transactions 59

Due

MAY 1, 2024

When we think of financial freedom, images of opulence, luxury, and worry-free living often come to mind. However, the true essence of financial freedom lies not in extravagant wealth but in having sufficient savings, investments, and cash on hand to support the lifestyle you desire for yourself and your family. It’s about living free from the constant anxiety of financial hardship and having the freedom to make choices that enhance your enjoyment of life.

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lsq

APRIL 29, 2024

ORLANDO, Fla. (April 30, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $20 million account receivable credit facility for an Ohio-based aerospace tooling and precision assemblies manufacturer. The company was referred to LSQ by a wealth management advisor. The additional working capital will be used to pay off an existing line of credit and support manufacturing growth after a change in ownership.

Credit and Collections 52

Credit and Collections Bankruptcy Credit Management 52