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).

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

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.

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Transactions Small Businesses 65

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.

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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.

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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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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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Enterprise Recovery

APRIL 26, 2024

In today's competitive business landscape, it's important to manage late payments while upholding positive client relationships. Use the following techniques to navigate the delicate balance of recovering outstanding debts while maintaining trust and loyalty with your clients. Discover ethical collection practices to help recover late payments while maintaining positive client relationships.

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Debt Collections 85

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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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.

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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

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Small Businesses 59

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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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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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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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

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

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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.

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Transactions 52

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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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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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.

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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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Reorg Blog

APRIL 29, 2024

The post DBS Notes Trustee Sues DISH DBS, EchoStar Entities in NY State Court Alleging ‘Brazen’ Scheme Triggered Events of Default, Were Fraudulent Transfers; Aims to Recover Assets appeared first on Reorg.

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MAY 1, 2024

Over the past 18 months, the stock market has been nothing short of a rollercoaster ride for investors. Fear has once again gripped the market, and the trend over the past month has been anything but friendly. The S&P 500 index is down by 6%. Four significant events are on the horizon that could either make or break the current trend. View this post on Instagram A post shared by Taylor Sohns – CFP®, CIMA®, MBA – Finance (@lifegoalinvestments) The ‘Magnificent Seven’ a

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Grit

APRIL 28, 2024

Cart abandonment due to stock issues is a frustrating problem for online retailers. Customers put effort into selecting items only to find products that are out of stock at checkout, leading to lost sales. With advanced BigCommerce order notifications , you can keep customers informed about stock availability throughout their purchase journey. Minimize cart abandonment and maximize conversions by delivering a seamless shopping experience.

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Transactions 52

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.

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Credit and Collections Bankruptcy Credit Management 52

blue dot counseling

APRIL 28, 2024

Business basics don't change, we simply become more or less complacent about them. Now is not the time to be complacent. The post Profits, cashflow and getting paid – the more things change, the more they stay the same! appeared first on Blue Dot Consulting.

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Credit Management 52

Reorg Blog

APRIL 29, 2024

The post EchoStar’s Disclosed Q1 Transactions Structurally Benefit Topco; Reorg Expects Further DNC Internal Funding to Continue Trend Given Debt Document Flexibility; Recent Ardagh Transaction Might Provide Strategic Precedent for DBS Transaction appeared first on Reorg.

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Transactions 52

Due

MAY 1, 2024

The Federal Reserve, as the authoritative body, has announced that interest rates will remain unchanged due to a “lack of progress” in bringing inflation down. The government body published a statement on behalf of the Board of Governors for the Federal Reserve System showing that the target of 2% or lower hasn’t been reached. Interest rates bob and weave above 3%, which isn’t good for the average American business, as most would have hoped for a cut after today’s announcement. “Interest r

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Grit

APRIL 28, 2024

Providing good customer service is super important for any business. When customers have questions or issues, they want help quickly. Unfortunately, many BigCommerce stores struggle with delayed responses to customer inquiries. This can lead to frustrated customers and even lost sales. The main reasons for slow BigCommerce customer service replies include too many inquiries, not enough staff, disorganized systems for handling requests, and complex technical questions.

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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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