Tue.Mar 21, 2023

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How will your business benefit from our credit control courses?

Credit Management Group UK

Effective credit control is a vital aspect of any business and one that is often neglected in relation to staff training. Not only can a lack of appropriate training land a company in hot water later down the line through lack of knowledge of correct procedures, but often credit control staff suffer from a lack of confidence that can be easily reversed with training.

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4 top tips to revamp your point-of-service collections in healthcare

Waystar

This is the fourth post in a new Waystar blog series: 7 steps to sharpen your healthcare revenue cycle. Can’t wait for a new blog each week? Download the eBook to learn 7 steps for maximizing your healthcare RCM software. Point-of-service collections in healthcare grow more complex — and more critical — each day. When patients generate up to 30% of a provider’s revenue, organizations must have a solid financial clearance process to set expectations and boost pre-service payments.

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Interest rate risk management in a rising rate environment

Abrigo

Strategies for earning more in rising rates Financial institutions need to be intentional with funding strategies and loan pricing models. You might also like this video on managing interest rate risk. WATCH Takeaway 1 Earning more income and mitigating interest rate risk isn’t as simple as charging higher rates on loans and earning higher rates on the investment portfolio.

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Top 4 Accounts Receivable Challenges and How to Overcome Them

Gaviti

Proper accounts receivable management is vital if you want to operate a healthy business. It doesn’t matter how much in sales you generate if you never collect on your invoices, or if you keep losing vital invoices you are meant to collect on. While it may not be the most exciting part of your business, good accounts receivable (A/R) practices will make your other business operations much smoother.

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How To Write A Business Plan To Secure Funding

Lendio

When most entrepreneurs need funding to start or grow their business, they quickly learn one key fact: They need a business plan. Just as you need a resume to apply for a job or a completed application to gain admittance to a university, business plans are required to apply for business financing. And like resumes and college applications, business plans are viewed as a necessary evil by most entrepreneurs.

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Illegal businesses. The facts

Cpcmcredit Blog

Bagehots column in The Economist is always worth a read and sadly is only available behind a paywall but this weeks piece is an excellent take down of the present situation with the numerous black economy businesses which are seemingly thriving across the UK, often at the expense of the legitimate traders HMGs seemingly blasé attitude to these abuses are in stark contrast to their obsession with illegal immigrants which is perverse given that these businesses are a substantial element of the att

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Business Credit Scores Explained

Credit Absolute

Does My Business Have A Credit Score? Many small business owners ask this question, especially when thinking about applying for a business loan or possibly after recently being declined for a business loan. In short, businesses do have a credit score and it can affect your business and whether you’re able to open a line […] The post Business Credit Scores Explained appeared first on Credit Absolute.

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What Is Equipment Breakdown Coverage And Do You Need It?

Lendio

When financing major equipment for your small business, many lenders may require you to purchase a specific type of insurance that protects the value of your purchase. It’s called equipment breakdown coverage and helps you pay for repairs caused by covered events. Here’s what you need about this type of insurance and why it’s so important.

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Waterfall Model: SVB Financial Group Bondholder Recoveries Dependent on Assertion of Priority FDIC Claim on Bank Deposit Losses; Absent Claim, Recoveries Range 66%-100%

Reorg Blog

The post Waterfall Model: SVB Financial Group Bondholder Recoveries Dependent on Assertion of Priority FDIC Claim on Bank Deposit Losses; Absent Claim, Recoveries Range 66%-100% appeared first on Reorg.

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What Is Asset-Based Lending?

Lendio

Asset-based lending, also known as asset-based financing, is a type of business loan or line of credit that companies secure with collateral. With traditional loans, lenders often place an emphasis on a company’s creditworthiness and cash flow when determining whether to approve applications for business funding. Yet with asset-based lending, the value of the collateral that backs the financing plays a more meaningful role in your business’ ability to get funded and its borrowing capacity.

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QuickBooks Online and Lockstep Inbox: The Perfect Accounting Tools for Small Businesses

Lockstep

s If you’re an accountant, you know that a big part of your job is staying on top of your company’s finances. And if you’re working with a small business, you know that every hour counts when it comes to keeping the books in order. According to recent studies, small businesses account for more than half of the private sector workforce and more than half of all net new jobs created in the United States.

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Defining Business Operations And Why They Matter To You

Lendio

Running a successful business requires more than just offering your customers high-quality goods and services. The back-end operations of your business are equally vital in creating value for your customers and ensuring future prosperity. It is essential to have a comprehensive understanding of all your business operations and to recognize how they work together in strengthening your bottom line.

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What Happens if You Can’t Pay Back a Business Credit Card?

biz2credit

Given the tumultuous economic conditions affecting small businesses right now, your small business may have had to take on unexpected costs or has experienced dips in revenue. To help cover your small business’s expenses and to ensure the survival of your business, you may have had to take on credit card debt on your company’s … Continue reading "What Happens if You Can’t Pay Back a Business Credit Card?

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FICO Survey: Secondary Market Expects Higher Volatility in 2023

FICO Blog

Home Blog FICO FICO Survey: Secondary Market Expects Higher Volatility in 2023 FICO pulse survey finds that secondary market wants more information on transition to FICO Score 10 T FICO Admin Tue, 02/18/2020 - 14:57 by Joanne Gaskin expand_less Back To Top Tue, 03/21/2023 - 15:00 FICO recently sponsored the Structured Finance Association’s annual conference on capital markets in Las Vegas, an event that always features insightful guest speakers and draws attendance from a wide range of investors

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7 Types of Businesses That Can Use Merchant Cash Advances

biz2credit

In this article: What is a merchant cash advance and how does it work? Pros and cons of a merchant cash advance 7 types of businesses that can use merchant cash advances Alternative business financing options What’s a merchant cash advance and how does it work? Merchant cash advances (MCAs), or merchant loans, are a type … Continue reading "7 Types of Businesses That Can Use Merchant Cash Advances" The post 7 Types of Businesses That Can Use Merchant Cash Advances published first on.

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Top 3 BigCommerce inventory tracking apps

Grit

While starting an online business, merchants must select the appropriate BigCommerce inventory app. This is because inventory management may assist them to keep track of everything, especially when multi-channel commerce is one of the most current inventory cost worries. As a result, this post will provide the top three best BigCommerce inventory tracking applications for you to consider.

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Complete Guide To Reading A Business Credit Report

Know-It Global

A business credit report is a powerful tool at your disposal that will allow you to get a glimpse into the financial shape of your customers, helping you make smarter credit decisions. It can also help you identify areas of improvement in your own business that will make you more favourable to lenders and suppliers. The key metric displayed on a business credit report is a business credit score.

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Accelerate Collection of Receivables: Strategies to Streamline Invoice to Cash

Gaviti

Your business may be seeing peak sales, but still struggling to have enough cash on hand to maintain comfortable business operations. If this sounds like your company, then the best solution is to accelerate your accounts receivable collection so you can turn sales into capital you can actually use to maintain your business. There are many strategies to streamline invoice collection to get the money owed to your company quicker.

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Pallas Organizing Litigation Group of Credit Suisse AT1 Creditors

Reorg Blog

The post Pallas Organizing Litigation Group of Credit Suisse AT1 Creditors appeared first on Reorg.

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Seven Observations from Silicon Valley Bank's Failure

Your Virtual Credit Manager

Photo by Nick Jio on Unsplash Though the Silicon Valley Bank (SVB) saga is still on going and there is more to be learned about the causes behind the second largest bank failure in US history, the salient facts are now well established. The collapse of SVB was more about management errors, by the management of the bank and ostensibly by regulators, than a fundamental weakness on the financial institution’s balance sheet.

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Credit Suisse AT1 Bonds Permit Write-Down

Reorg Blog

The post Credit Suisse AT1 Bonds Permit Write-Down appeared first on Reorg.

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7 Ways to Save Money on Home Improvement Projects in 2023

Due

Homeowners love putting money back into their properties. The only problem is that home improvement projects can take on lives of their own. In no time, you could wind up with lots of bills and only a little of what you actually wanted and needed. That’s why it’s essential to put a little thought behind all those fixer-upper jobs you’ve planned for 2023.

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UPDATE 1: Agile Group

Reorg Blog

The post UPDATE 1: Agile Group appeared first on Reorg.

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How To Grow Your E-commerce Business

Lendio

In 2009, I ventured into the world of e-commerce retail for the first time. With a limited budget, but a good product, I wanted to see how lucrative an online store would be. It was a one-man startup in the board game industry. Every year since the first, I’ve experienced around 33% growth—not bad, considering I had never dabbled in e-commerce or the competitive nature of the market.

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Stop hiding out-of-stock items. Use this BigCommerce sort products trick instead

Grit

If you’re running an online store, it’s important to keep your inventory as up-to-date as possible. Unfortunately, some items can go out of stock quickly, frustrating customers when they need help finding what they’re looking for. One way to deal with out-of-stock items is to hide them from your customers. This can be done by using the BigCommerce sort product feature.

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