Your Virtual Credit Manager

DECEMBER 5, 2023

This misguided search for a singular understanding applies to many things, including collecting Accounts Receivable (AR). Please feel free to share this newsletter with your small business customers. If not, you will need to note whether each account is a high, medium, or low credit risk. “One size does not fit all.”

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Third Party Collections Credit Risk 130

Your Virtual Credit Manager

FEBRUARY 13, 2024

Historically, business failures increase after a recession. Likewise, the construction and business services industries, accounting for nearly 20 percent of insolvencies last year, are projected to remain the hardest hit in 2024. Please feel free to share this newsletter with your small business customers.

Bankruptcy 130

Bankruptcy Credit and Collections Bad Debt Accounts Receivable (AR) 130

Chaser

AUGUST 20, 2023

If you're running a small business but spend every month stressing about your cash flow, then it's probably time to reassess your accounts receivable policy. With just a few simple adjustments, you'll be able to develop a more secure process with credit control software that makes your life that much easier.

Small Businesses 98

Small Businesses 98

Your Virtual Credit Manager

MARCH 5, 2024

Are there past due accounts you are trying to collect? However, many Accounts Payable (AP) staffers prefer emails because they can address them as their schedule permits and avoid a productivity-decreasing interruption. Please feel free to share this newsletter with your small business customers.

Past Due Invoices 100

Past Due Invoices Credit and Collections Collector Accounts Receivable (AR) 100

Your Virtual Credit Manager

MARCH 12, 2024

As a result, trade credit, where businesses extend financing to customers, is undergoing rapid advancements, but it also poses high risks, especially in assessing creditworthiness, dealing with economic fluctuations, and fraud. Are there past due accounts you are trying to collect? it just might help them pay you sooner!

AR Transformation 100

AR Transformation Credit and Collections Accounts Receivable (AR) Order to Cash 100

ForwardAI

FEBRUARY 6, 2024

Originally posted on EINPresswire The free virtual event promises to showcase the latest in accounting technology, as well as special giveaways and sweetheart deals from participating companies. Demoing companies include: Forwardly: With Forwardly, companies get payment in 22 seconds, or it’s a free same-day ACH.

Accounting Firms 52

Accounting Firms 52

Your Virtual Credit Manager

NOVEMBER 28, 2023

Payments to all your other suppliers can be a bit of a challenge if you don’t have an automated Accounts Payable (AP) operation. The primary source of cash inflows for most firms are the receipts from payments of open customer invoices - i.e., your Accounts Receivable (AR). This is the inflow most difficult to forecast.

Cash Forecasting 130

Cash Forecasting Credit and Collections Accounts Receivable (AR) Invoice Disputes 130

Gaviti

MAY 30, 2023

Accounts receivable is one of the most critical roles in your business. This risk compels savvy business managers to consider whether they should use accounts receivable outsourcing or turn to management software. What Is Accounts Receivable Collections Outsourcing? Schedule invoices.

Credit and Collections 98

Credit and Collections Cybersecurity Bankruptcy 98

SAP Credit Management

JULY 13, 2023

This is a serious concern as more and more people use AI powered chatbots, ChatGPT, for personal and business use. Singapore based cybersecurity firm, Group IB, reported that between June 2022 and May 2023, more than 101,000 ChatGPT account credentials were stolen by the hackers. But the stakes are very high!

Cybersecurity 139

Cybersecurity Credit and Collections 139

Your Virtual Credit Manager

MAY 30, 2023

AFP’s 2022 Electronic Payments Survey revealed that only 33 percent of Business-to-Business (B2B) payments are made by check in the USA and Canada. Not a subscriber … why don’t you take advantage of a free YVCM subscription? Please feel free to share this newsletter with your small business customers.

Electronic Funds Transfer 130

Electronic Funds Transfer Credit and Collections Vendor Portals Order to Cash 130

Your Virtual Credit Manager

DECEMBER 6, 2022

If your sales are consummated via payment at the point of sale, which may involve “pay with order” or “pay on delivery” protocols involving a credit card or an online e-payment product, managing Accounts Receivable (AR) will not be big issue for you. Cash Flow is the number one cause of small business bankruptcies.

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

Your Virtual Credit Manager

JANUARY 3, 2023

For the same reason, AR clutter can reduce the collateral value of your AR portfolio by causing current accounts to be excluded from the funding equation on an asset-backed loan or line of credit. Please share this newsletter with your small business customers. it just might help them pay you sooner!

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Lendio

MAY 24, 2023

Growth happens when you spend your money in the right way to allow your business to make more cash. On the other hand, failure follows when you consistently spend your money in the wrong way and your business loses cash as a result. Raise your hand if any of the following are true: You’re not an accounting expert.

Small Businesses 52

Small Businesses Transactions 52

SAP Credit Management

AUGUST 17, 2023

Over the years, SAP has innovated and expanded its solutions to meet the changing needs of businesses to comply with the latest product-related regulations. While we have made every effort to provide accurate information, we cannot guarantee the information provided is error-free or complete. This blog was first published here.

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SAP Credit Management

JANUARY 20, 2023

On the date of this writing, SAP Cloud Connector is free to use. is what we used in our test set-up on the terminal as a local service, as we had a virtual port simulating a weighbridge one.

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Default 183

Your Virtual Credit Manager

MAY 9, 2023

Should you forecast a cash shortage at any point, you will then have time to: Devise ways to increase your cash inflow, often involving more aggressive collections of your accounts receivable Plan which expenditures can be reduced and/or delayed Not a subscriber … why don’t you take advantage of a free YVCM subscription?

Cash Forecasting 130

Cash Forecasting Accounts Receivable (AR) Invoice Disputes Credit and Collections 130

Your Virtual Credit Manager

DECEMBER 12, 2023

Recurring revenue is sought by businesses and prized by Wall Street in its valuation of companies. Photo by Ramiro Mendes on Unsplash ) A growing number of businesses use the recurring revenue model, including software-as-a-Service (SaaS) and streaming services as well as outsourcing solutions.

Days Sales Outstanding 130

Days Sales Outstanding DSO Credit Management Small Businesses 130

SAP Credit Management

JULY 13, 2023

Conclusion Introduction to SAP and ESG SAP , a world-renowned enterprise software provider, has been at the forefront of driving sustainability in business processes. The module integrates seamlessly with SAP’s suite of enterprise software solutions, providing a holistic approach to managing ESG performance.

Dashboards 142

Dashboards 142

Bectran

JULY 26, 2023

Credit professionals are turning to automated and digitized processes and workflows to free them from tedious, paper-intensive processes. In the accounts receivable (AR) sector, paper invoices are a thing of the past, because automation technology is the future, and it is transforming the way businesses handle B2B transactions.

Transactions 89

Transactions Accounts Receivable (AR) Credit and Collections 89

Gaviti

MARCH 3, 2024

Many of these organizations focus on implementing RPA in the financial and accounts receivable department, where employees are burdened with repetitive manual tasks. What is Robotic Process Automation (RPA) in Accounts Receivable? Benefits of accounts receivable automation include: It’s more efficient. It’s scalable.

DSO 52

DSO Credit and Collections Days Sales Outstanding Cash Applicator 52

NorthOne

JUNE 8, 2023

As a trucking business owner, managing finances can be a daunting task. Fortunately, trucking accounting software can help streamline financial management and improve decision-making. By using these tools, businesses can manage their finances more efficiently, reducing the time and effort required for manual financial tasks.

Small Businesses 52

Small Businesses Transactions 52

Due

MAY 9, 2024

Contribute as much as possible to tax-advantaged retirement accounts like Traditional or Roth IRAs. In summary, maximize all tax-advantaged accounts , such as 401(k)s, IRAs for retirement, and 529 plans. If eligible, make catch-up contributions to boost your retirement savings, especially as you approach retirement age.

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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. Accountancy software company Xero recently published a report showing the average time taken for small businesses to be paid rose by 1.4

Credit and Collections 97

Credit and Collections Days Sales Outstanding Credit Scoring DSO 97

Due

MARCH 24, 2024

Tax-Free Wealth” by Tom Wheelwright An expert in tax law and tax planning , Wheelwright provides a comprehensive guide to tax codes and tax minimization. Among the key points this book uncovers are: Tax laws promote business and investment. Tax laws promote business startups and investments by incentivizing entrepreneurs and investors.

Deductions 105

Deductions Small Businesses Transactions 105

Onguard

MAY 7, 2024

Digital Cleanup Day : The internet accounts for an estimated 900 million tons of CO2 emissions per year. So, the International Car-Free Day on 22 September was a perfect opportunity for Visma to join the global fight for emissions reduction. In 2023, Visma companies accounted for a total of 16,995 tonnes, or 1.45 The result?

Credit Management 52

Credit Management 52

Fundera

SEPTEMBER 17, 2020

Finding an easy way to manage and streamline your payroll is a concern shared among top small businesses across the country. When choosing payroll software for your small business , you must take features, cost, and usability into account. If you’re searching for a free option, Payroll4Free may have crossed your radar. .

Small Businesses 96

Small Businesses 96

Lendio

APRIL 30, 2024

A significant 23% of small businesses surveyed use artificial intelligence (AI) with 39% stating they plan to adopt AI. Small businesses are finding innovative ways to harness AI’s abilities, from streamlining marketing efforts and enhancing customer communication to optimizing inventory management. How small businesses use AI.

Small Businesses 59

Small Businesses Credit Card Companies Transactions 59

NorthOne

JUNE 4, 2023

As the owner of a trucking business, you need to make sure your finances are in order to maintain a profitable operation. Learn how to set up your accounting system to mitigate risks and make informed financial decisions. The importance of accurate accounting cannot be overstated.

Small Businesses 52

Small Businesses 52

Know-It Global

JULY 26, 2023

Efficient management of debtor days is crucial for businesses seeking to maintain a healthy cashflow. By implementing effective strategies to reduce debtor days, you can enhance your business’s financial stability and improve overall profitability. Check-it business credit reports are powered by Creditsafe!

Electronic Funds Transfer 98

Electronic Funds Transfer Credit and Collections Debt Collections Bad Debt 98

SAP Credit Management

AUGUST 7, 2023

Enterprise Resource Planning (ERP) is an essential tool for any manufacturing business that wants to scale up its operations, keep pace with customer demands, maintain its margins and grow both regionally and internationally. On-prem ERP applications have been helping the world’s most successful businesses optimize and grow for decades.

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Due

APRIL 4, 2024

The gig economy has opened numerous opportunities for small businesses to collaborate, innovate, scale, and stay competitive in a fast-paced global marketplace. ” The gig economy augments this idea by allowing small businesses and individuals to tap into the worldwide talent pool, breaking the barriers of traditional hiring practices.

Small Businesses 105

Small Businesses 105

Gaviti

DECEMBER 20, 2022

This is why so many companies now look to accounts receivable integration and other similar options to break down information barriers. What Is ERP and Accounts Receivable Automation Integration? Ask yourself what business problems you want to solve or what functions you want to automate. Start by Defining Your Objectives.

Days Sales Outstanding 98

Days Sales Outstanding Credit and Collections Transactions 98

NorthOne

JUNE 26, 2023

Accounting software can help streamline your financial management and accounting process , saving you time, reducing errors and enhancing your profitability in the long run. However, investing in the right salon accounting software makes all the difference.

Transactions 52

Transactions Dashboards Small Businesses 52

NorthOne

MAY 18, 2023

As an electrician, managing your finances and accounts is an essential part of owning and operating your own business. In this article, we will explore the best electrician accounting software options, along with their key features and benefits to help you choose the one that’s right for your business.

Transactions 52

Transactions 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. Manual invoice processes can be time-consuming, error-prone, and costly for small businesses. This is where effective invoice management comes in.

Credit Card Payments 52

Credit Card Payments Small Businesses 52

Fundera

SEPTEMBER 21, 2020

Best Budget Software for Small Businesses. Adaptive Planning : Best for bigger businesses. Online business budget software is a must-have for many businesses, freelancers, and accounting professionals looking to automate their business financial tasks. Top 7 Business Budget Software Options.

Dashboards 98

Dashboards Small Businesses 98

Lendio

DECEMBER 7, 2023

When you’re looking at business loans for the first time, you might be overwhelmed by all of the information you need to understand to feel confident in your decision. Small business loan terms vary significantly depending on the type of financing and structure. The typical business loan term is either 10 years or 20 years.

Small Businesses 98

Small Businesses 98