Lendio

MAY 3, 2024

Unlike personal credit scores, business credit scores take into account factors such as the company’s payment history, credit utilization rate, length of credit history, public records including bankruptcies, and the company’s size and industry. A personal credit score determines the level of risk that comes with lending to you.

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Credit Scoring Credit and Collections Bankruptcy Transactions 94

Lendio

APRIL 2, 2024

These financial records track every credit or debit for your business, noting them under assets and liabilities. Tracking liabilities is important for any business that wants a clear picture of its cash flow and company value. This guide will discuss what liabilities are in greater detail and how you can record them.

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The Red Spectrum

MAY 11, 2023

The financial stability of any organization depends heavily on how well vendor accounts are managed. We’ll examine the most typical mistakes firms make while handling Net 30 vendor accounts in this blog post and offer helpful advice and techniques for preventing them. If you have any issues, don’t be afraid to ask them.

Small Businesses 94

Small Businesses Credit Scoring 94

Gaviti

NOVEMBER 16, 2023

One of the most effective ways of increasing your company’s cash flow is by ensuring that customers pay their invoices on time. It might seem like a silly question to ask in a blog dedicated to topics about accounts receivables, but there actually is no standard consensus on exactly when an account is categorized as delinquent.

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Credit and Collections Bad Debt Debt Collections Invoice to Cash 52

NorthOne

JUNE 4, 2023

Keeping track of invoices and payments is an essential part of any successful business. Without efficient tracking systems in place, businesses risk cash flow issues, payment disputes, and strained client relationships. When invoices are incorrect or unclear, it can lead to confusion and disagreements.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections Transactions Small Businesses 52

Lendio

APRIL 23, 2024

When you apply for a business loan, many commercial lenders will review your credit history to get a sense of how you’ve handled debt in the past. The problem for many entrepreneurs is that their new business hasn’t yet had a chance to establish a track record when it comes to managing credit obligations.

Credit Scoring 52

Credit Scoring Credit and Collections Credit Reporting Agencies Small Businesses 52

SAP Credit Management

AUGUST 23, 2023

The Joys of AI and Automation in ERP In previous years’ blog posts, my Product Success colleagues already explored the significance of artificial intelligence (AI) and automation. The 2308 (August 2023) release is filled with more innovations, enhancements, and exciting features, and we are thrilled to unveil them for you.

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SAP Credit Management

JULY 27, 2023

One common challenges that significantly impacts the process is customer payment behavior. Dealing with customers who consistently delay payments or struggle to pay can disrupt the flow of the bill to cash cycle. To solve this business challenge, we can start by asking this question, ‘Who will default on payment and why?

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Gaviti

JANUARY 2, 2024

They should offer high-level overviews of financial performance that detail how the company performs relative to past periods and against similar competitors. In this blog, you’ll learn about the most important cash flow metrics and cash application KPIs for CFO performance and their relationship to your overall financial planning.

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Collection Effectiveness Index Average Days Delinquent DSO Days Sales Outstanding 52

billtrust

OCTOBER 11, 2022

The five biggest challenges in accounts receivable (and how to to solve them) The importance of accounts receivable management How do you manage accounts receivable better? How to get your money’s worth: The benefits of AR automation software 4 tips on how to speed up your collections. Late payments.

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Accounts Receivable (AR) AR Automation Credit and Collections Cash Applicator 52

The Esker Blog

DECEMBER 13, 2022

Within the invoice-to-cash (I2C) process, there are many areas that AR leaders could focus on. Are partial payments a regular occurrence? Do your team members lack engagement and/or struggle to stay on top of late-payment reminders? Are partial payments a regular occurrence? These challenges include: Externally.

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Accounts Receivable (AR) DSO Bad Debt Invoice to Cash 97

NorthOne

AUGUST 24, 2023

Of these processes, construction invoicing stands out as a crucial yet often overlooked part. In this article, we will explore the concept of construction invoicing, its importance, and the essential steps needed for effective invoicing. We will also provide tips to enhance your invoicing process and common mistakes to avoid.

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Invoice Amount Transactions 52

billtrust

NOVEMBER 1, 2022

The primary goals of accounts receivable The best KPI for accounts receivable Ten AR optimization goals you should accomplish How to get paid faster with key collection strategies How accounts receivable automation can eliminate manual tasks. 10 strategies for optimizing your accounts receivable to maximize your ROI.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Bad Debt Days Sales Outstanding DSO 52

Lockstep

NOVEMBER 16, 2022

In this blog post, we will discuss seven ways that you can use automated communications to improve your AR process. . In this blog post, we will discuss seven ways that you can use automated communications to improve your AR process. . Use email automation to send invoices and payment reminders.

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AR Automation Accounts Receivable (AR) Days Sales Outstanding DSO 88

Lendio

NOVEMBER 13, 2023

The nature of the work involves significant upfront costs, from materials and equipment to labor and permits, all to be paid long before a project reaches completion and payment is received. This is where construction invoice factoring comes into play. What is construction invoice factoring?

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Credit and Collections Credit Scoring Small Businesses 52

Know-It Global

DECEMBER 15, 2022

Did you know you’re legally entitled to claim late payment interest and compensation for any of your overdue invoices? Late payments are one of the most frustrating parts of doing business and the effects are devastating, with 440,000 businesses possibly being forced to close as a direct result of being paid late.

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Credit and Collections 98

Lendio

NOVEMBER 13, 2023

How purchase order financing works. Here are a few steps that explain how this process works: You’ll provide a clear purchase order to your lender to review. As your business starts to grow, you may encounter clients with orders that you can’t fulfill immediately. What is purchase order financing?

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aptic

MARCH 11, 2024

Invoicing is probably the most important and fun thing a business can do. In addition, a manual invoicing process can be fraught with risks. Errors in both content and delivery can lead to invoices remaining unpaid. Fortunately, there are solutions that manage and simplify the entire invoicing process.

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Debt Collections Credit and Collections 52

Know-It Global

APRIL 19, 2023

These 2,115 businesses were all placed into liquidation due to not being able to pay their creditors for outstanding invoices. These are frightening stats, especially taking into account the £68,413 the average SME is owed in outstanding invoices! The rise of Creditors’ Voluntary Liquidations (CVLs) paints an extremely bleak picture.

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Bad Debt Credit and Collections Credit Risk Credit Management 98

NorthOne

APRIL 27, 2023

Understanding how to pay an invoice is a critical skill to possess if you own or operate a business of any size. Businesses small and large need to pay their invoices on time, and establishing a consistent, streamlined approach helps them do just that. Does the invoice match exactly what your company ordered?

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NorthOne

APRIL 27, 2023

As a small business owner, managing your accounts payable helps you keep track of short-term debt , avoid incurring late fees, and stay on top of your cash flow. It involves creating a system, then streamlining your processes to meet payment deadlines and reconcile accounts. Here’s a quick guide to accounts payable management.

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Lendio

MAY 24, 2023

The best small business accounting software connects to your bank account, helps you manage invoices and payments, and offers real-time reporting to give you clear information about the health of your business. You’ve likely heard the paradoxical phrase: “It takes money to make money.” Your financial records are all over the place.

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Lendio

OCTOBER 17, 2023

Let’s learn how to get a business loan. You should determine how much money you need, what that loan amount will purchase, and how you’ll pay it back. How you plan to use your loan and the loan amount you’re seeking will often dictate which type of loan you qualify for. Determine how much you can borrow.

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Credit Scoring Credit Unions Small Businesses Transactions 98

billtrust

OCTOBER 27, 2022

How to get paid faster: 10 pro tips to optimize payments. A quick primer on payment processing The five steps of payment processing grief 10 steps to get paid faster How do you motivate customers to pay? How to control a negotiation. The most popular payment processing methods. Credit cards.

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Credit and Collections Bad Debt Credit Card Payments Transactions 52

NorthOne

MAY 3, 2023

Automating your accounts payable (AP) process is the key to ensuring you make payments by the due date, avoid incurring late fees or penalties, and even take advantage of early payment discounts. Tracking your accounts payable process enables you to accurately track your cash flow and avoid late payments.

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Dashboards Small Businesses 52

Know-It Global

APRIL 13, 2023

Late payments are crippling businesses all over the UK with 52% of businesses experiencing late payment , and 25% reporting increased instances of late payment in 2022. days and the average late payment time hit 8.8 days and the average late payment time hit 8.8 You’re not alone. days to 31.3 days, up by 1.5

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Credit and Collections Days Sales Outstanding Credit Scoring DSO 97

NorthOne

MAY 3, 2023

When you track your accounts payable properly, you can accurately track your cash flow. Monitoring accounts payable helps keep track of your company’s financial health, too. Accounts payable automation refers to automating the process of entering and reconciling purchase orders and invoices, among other tasks.

Dashboards 52

Dashboards Small Businesses 52

NorthOne

MAY 2, 2023

Every time you purchase a product or service for your business, you’ll receive an invoice that must be processed and paid on time to avoid late fees and stay in the black. This is where effective invoice management comes in. Invoice management is receiving, validating, paying, and recording vendor invoices.

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Credit Card Payments Small Businesses 52

NorthOne

MAY 2, 2023

Understanding how to pay invoices efficiently and on-time is key to running a successful business. Prioritizing prompt, accurate invoice payment helps you build and maintain relationships with suppliers, which are vital to your long-term success. What is an invoice payment? Keep reading to learn more.

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Credit and Collections Transactions 52

Know-It Global

DECEMBER 15, 2022

Late Payment Interest. The Late Payment of Commercial Debts Act was introduced by the UK Government to protect businesses from late payments, giving them a statutory right to claim interest from other businesses for late commercial payment. So why are interest rates rising? Here are the five biggest impacts to expect.

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Credit and Collections Default Transactions 98

NorthOne

MAY 3, 2023

Tracking your accounts payable helps keep track of cash flow and avoid incurring penalties or debt. Tracking your accounts payable helps keep track of cash flow and avoid incurring penalties or debt. This ensures that you know the status and sum of all outstanding payments. What does accounts payable mean?

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Invoice Amount Credit Card Companies Default Small Businesses 52

billtrust

JANUARY 11, 2023

But our experience in the field, deep integrations with ERPs and AP software companies and the network effect benefits of Billtrust’s Business Payments Network have demonstrably delivered massive customer satisfaction. Billtrust Invoicing. Billtrust Payments. Share with your network: Mail. What you’ll learn.

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NorthOne

JUNE 4, 2023

Learn how to set up your accounting system to mitigate risks and make informed financial decisions. Understanding the Basics of Trucking Accounting Trucking accounting involves keeping track of income, expenses, taxes, and compliance with various regulations. Net revenue is the amount of money left after accounting for expenses.

Small Businesses 52

Small Businesses 52

billtrust

OCTOBER 18, 2022

How can collection strategies be improved? Because you’re expanding into new markets doesn’t mean that collecting payments from customers in those markets has to be complicated. The customer receives the merchandise with an invoice and payment terms. Share with your network: Mail. What you’ll learn.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections AR Automation Cash Applicator 52

NorthOne

MAY 3, 2023

While the terms “bills” and “invoices” are often used interchangeably, there are actually significant differences between the two. In general, a business issues an invoice to clients or customers to request payment for goods or services rendered. So, what are the key differences between bills vs. invoices ?

Transactions 52

Transactions Small Businesses 52

Lendio

MARCH 31, 2023

Late payments from clients can create financial difficulties—especially for small businesses. Setting clear payment terms, including a late fee policy, will help assure more on-time invoice payments. Additionally, customers know exactly when payments are due if they are outlined clearly in established payment terms.

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Past Due Invoices Small Businesses 52

NorthOne

MAY 3, 2023

No matter the size of your business, you know just how important it is to stay on top of your company’s finances. One essential aspect of managing your finances is invoice processing, whether that is receiving, reviewing, or paying invoices for goods and services your company has received. What is invoice processing?

Small Businesses 52

Small Businesses 52