FundThrough

APRIL 28, 2023

When you’re looking for ways to fund your business, you’ve got to look at every possibility to find the right fit and create your ideal funding mix. Maybe you’ve decided that getting your invoices paid in advance makes sense and you’re researching all the possible ways it can be done. As entrepreneurs ourselves, we understand […] The post Invoice Factoring vs Reverse Factoring: Which is Best for Your Business?

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Enterprise Recovery

APRIL 28, 2023

Listed as an asset on financial statements such as the balance sheet , accounts receivable is an important resource to your business. It's considered an asset because it can be converted to cash if collected within the payment terms set in your client contracts. If it's not collected in a timely manner, it becomes a drain on company resources. Policies and procedures must be documented to increase the success of these collections.

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Due

APRIL 28, 2023

You didn’t start your company to lose money. However, you don’t want to just break even, either. Ideally, you want the healthiest possible profit margin. And that one way to do that is by growing your revenue streams. As a refresher, revenue is the cash coming into the business. Typically indicated at the top of your organization’s income statement, revenue is highly variable.

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TreviPay

APRIL 28, 2023

What’s important about the order-to-cash cycle? An agile and efficient order-to-cash (O2C) cycle can have a huge impact on the success of your company, whether you are an SMB or a global organization. By successfully managing and optimizing certain stages of the O2C process you can drive down costs, remove inefficiencies and get paid on time for your products and services.

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Order to Cash Credit and Collections Debt Collections Credit Management 59

Due

APRIL 28, 2023

Doesn’t it sound unbelievable that someone holding as many as seven Mr. Olympia titles and five Mr. Universe titles didn’t make his first million dollars through acting? Yes, it does sound unreal, but not when you consider someone as versatile as Arnold Schwarzenegger. The Austrian-American has set benchmarks when you look at him through the lens of wealth creation!

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TreviPay

APRIL 28, 2023

We all know a little something about SMBs, from shopping on “small business Saturday” to reciting anecdotes about how small businesses are the backbone of the U.S. economy. We admire small business owners, and we feel good when we support these businesses, because we know it can be hard out there. On the other side of the coin, banks also want to support small businesses and are constantly looking for new products and services to offer these businesses.

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Credit and Collections Small Businesses Invoice Amount Transactions 59

FundThrough

APRIL 28, 2023

We understand why you might be asking, “is invoice financing risky”? After all, we all want to avoid making a bad financial decision for our business. One wrong move and you could be out hundreds if not thousands of dollars, which takes months to recover from. We understand the hesitation and worry on a personal […] The post Is invoice financing risky?

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The Red Spectrum

APRIL 28, 2023

As a small business owner, you’ve likely invested countless hours and resources into your business. However, many small businesses fail within the first few years of operation despite your best efforts. In fact, according to the Small Business Administration (SBA), about 20% of small businesses fail in their first year, while 50% fail within five years.

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MSCCM

APRIL 28, 2023

Credit scores continue to fall due to the current state of the economy. More borrowing and less ability to make payments can drop your credit score despite your best efforts. While a big business can work around this issue, bad credit can be fatal to a small one. But what does this mean for small. Read More » The post How Declining Credit Scores Are Impacting Small Businesses first appeared on MSCCM.

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FICO Blog

APRIL 28, 2023

Home Blog FICO What Does 2023 Have in Store for U.S. Credit Risk and FICO Score Trends? So far in 2023, consumers have braced inflation, a balanced housing market, looming prospect of a recession, removal of medical collections data, and student loan forgiveness plan FICO Admin Tue, 02/18/2020 - 14:57 by Radha Chandra Senior Director, Scores expand_less Back To Top Fri, 04/28/2023 - 15:00 We’re almost at the mid-way point of 2023, and it is shaping up to be a year of opposing forces.

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Credit Risk Credit and Collections Credit Scoring Debt Collections 52

incfile

APRIL 28, 2023

Although Oklahoma state law does not require Limited Liability Companies (LLCs) to have an operating agreement, it’s highly recommended that you have one in place to set the rules and guidelines for your organization.

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TreviPay

APRIL 28, 2023

Co-authored by Ryan Showalter and John Kille. At TreviPay, we practice a user-centric approach to problem solving and feature building for our products. We pride ourselves in learning directly from customers and clients, learning their goals, needs, and even pains, in using our products and services to grow their businesses. We use a variety of research method, such as surveys, interviews and usability testing, to learn directly from the users of our products and services in order to make improv

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Lendio

APRIL 28, 2023

When it comes to your small business taxes, everyone wants to find a way to lessen their tax burden. The easiest way to do just that is by having a keen understanding of depreciation and its effect on your business and assets. Unfortunately, depreciation isn’t a single-solution sort of problem. There are many ways to use depreciation to reduce your business taxes, so it’s important for you to have a solid understanding of the options and how they can help your business.

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