Your Virtual Credit Manager

MAY 21, 2024

Collectors face numerous challenges when attempting to collect past due balances from business customers. These difficulties can stem from both the financial and operational circumstances of the debtor as well as the interpersonal dynamics between the collector and the customer. In addition, collections departments may be understaffed or lack the necessary resources and technology to effectively manage and track collections efforts.

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Collector Credit and Collections Credit Management Small Businesses 100

Accounting Department

MAY 21, 2024

In a move that mirrors the broader trend towards cloud-based solutions, QuickBooks has announced it is sunsetting its Desktop version. If you're a QuickBooks user or a small business owner reliant on this software, this news may initially sound alarming. However, this transition opens up a new chapter of efficiency, accessibility, and integrated services through QuickBooks Online.

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Small Businesses 81

Eagle Business Credit

MAY 21, 2024

Scaling a business is an exciting yet challenging phase that all business owners should prepare for. Scaling a business is a term that gets thrown around a lot in entrepreneurial circles, but what does it actually mean for the average small business owner? Put simply, scaling your business means increasing your capacity to handle more business—whether that’s more customers, more sales, or a larger market presence—without a corresponding increase in operational costs.

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Credit and Collections Small Businesses 97

Loomis Sayles Credit Research

MAY 21, 2024

1. There have been many headlines over the past few months about booming demand and insatiable appetite for private fixed income. What’s driving that demand, and is it sustainable? The irony of these headlines is that, for decades, private fixed income [i] was a relatively sleepy corner of the financial market. Insurance companies dominated the buyer base.

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Insurance Companies Transactions 64

lsq

MAY 21, 2024

ORLANDO, Fla. (May 21, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently announced a strategic supply chain finance partnership with Ecobat, a distinguished leader in sustainable energy solutions. This collaboration marks a pivotal moment in bolstering supplier health and generating vital working capital for Ecobat.

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Credit and Collections 59

Reorg Blog

MAY 21, 2024

The post CASE SUMMARY: Red Lobster Enters Chapter 11 to Sell Substantially All Assets to Existing Term Lenders as Stalking Horse, DIP Lenders; ‘Ultimate Endless Shrimp’ Special Saddled Company With Onerous Supply Obligations appeared first on Reorg.

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Chapter 11 52

Reorg Blog

MAY 21, 2024

Relevant Documents: Voluntary Petition Press Release First Day Declaration Red Lobster, an Orlando, Fla.-based chain of seafood restaurants, and numerous affiliates, filed for chapter 11 protection late Sunday night, May 19 in the Bankruptcy Court for the Middle District of Florida.

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Chapter 11 Bankruptcy 52

The Red Spectrum

MAY 21, 2024

The fast-paced business world often requires quick access to goods and services, especially for startups and small businesses. Yet, securing credit lines can be challenging, particularly for those with a limited business credit history. One effective solution is utilizing Net-30 accounts, a form of trade credit that extends payment terms to 30 days from the invoice date.

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Credit Scoring Transactions Small Businesses 52

Reorg Blog

MAY 21, 2024

The post Red Lobster $40M Interim DIP Draw, Partial Rollup Granted Over UST Objection; Judge Signals Intent to Review Eleventh Circuit Law on Permissibility of Rollups appeared first on Reorg.

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Due

MAY 21, 2024

Seattle startup Abett has received $11.6M in healthcare funding for its proprietary software. Abett’s flagship offering is the Lockbox software, a powerful tool that empowers companies to efficiently manage and securely store their benefits systems. As first reported via GeekWire , this capability translates into substantial cost savings for employers.

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Chaser

MAY 21, 2024

Last week, Accountex London 2024 , the premier event for accountants, finance professionals, and bookkeepers, took place at the London ExCeL. The event attracted over 11,000 attendees from across Europe, eager to network, gain insights, and discover the latest advancements in the accounting and finance industry. Chaser was proud to exhibit alongside more than 300 global brands, and Accountex hosted 180 CPD-accredited talks and seminars designed to equip attendees with the knowledge and inspirati

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MAY 21, 2024

The human mind is a powerful tool, capable of creating, imagining, and influencing our reality. It is the epicenter of our thoughts, feelings, and physical responses. Yet, despite its significance, we often overlook the importance of understanding and controlling it. We spend years learning about math, history, and biology, but rarely do we invest time in learning about our minds and how they shape our lives.

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Reorg Blog

MAY 21, 2024

Relevant Documents: DIP Financing Objection Consolidated Matrix Objection Cash Management Objection Reservation of Rights The U.S.

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MAY 21, 2024

Being born in the U.S.A. is not just a matter of geographical location; it’s a birthright with unique privileges and responsibilities. It’s a statement of identity, a testament to the values of freedom, equality, and opportunity the country stands for. Understanding the American birthright The phrase “I was born in the U.S.A.” is a powerful affirmation of one’s American identity.

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Cpcmcredit Blog

MAY 21, 2024

One of the great benefits of the fintech explosion is that new ideas and products are being continually developed. Many of these will fail of course but variety and enterprise is far more appealing to borrowers and should also should enervate brokers too. Borrowers have a far greater degree of choice now and thus more control over their planning, costs and options.

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MAY 21, 2024

The Securities and Exchange Committee (SEC) has issued an Executive Order in response to those affected by the fraud caused by BF Borgers. The Executive Order aims to give certain registrants additional time to file quarterly reports in light of BF Borgers’ permanent suspension. SEC gives extension after BF Borgers fraud case As we reported , the SEC hammered BF Borgers and founder Benjamin F.

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Cpcmcredit Blog

MAY 21, 2024

“Audit firms have failed to raise the alarm for 75% of big firms that have gone bust over the past decade” Im not sure that there is a lot more to add to that other than its hard to think of another profession that has what is effectively a 75% failure rate in its activities? Either way, its seems that the momentum behind reforms is going to be unstoppable Imagine if 75% of buildings collapsed because of poor architectural quality or doctors gave out wrong diagnoses 75% of the time (

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MAY 21, 2024

Coca-Cola created its famous beverage recipe in 1886 , and it has remained nearly unchanged for over 135 years. This consistency is the antithesis of modern app development. It doesn’t matter if you’re creating a software application designed to help with business administration, time management, or travel. If you want an app to be financially successful, you have to embrace a continuous cycle of iteration and innovation.

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