Mon.Apr 24, 2023

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10 Credit Card Scams Happening Right Now

Due

The versatility of credit cards in terms of acceptance and rewards makes them a preferred payment method for millions. After all, credit cards were introduced to ease up your payments and, thereby, your lifestyle, right? We all love waving our cards at payment terminals to transfer funds. However, nobody wants to be an unfortunate victim of a credit card scam.

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Unlock the Power of Spend Management: A Guide for Small and Mid-Size Businesses

Plooto

Few activities in business have as much impact in reducing costs, eliminating waste, detecting fraud, and improving the bottom line than spend management. It is the foundation for operational efficiency, cost containment, and visibility throughout the company.

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Is Medical Debt Getting Removed from Credit Reports & How Will It Impact Credit Scores?

Credit Absolute

While not all healthcare providers will report unpaid debt to credit bureaus, medical debt that ends up on your credit report could damage your credit score in the long run. That said, there’s a little sigh of relief for consumers where medical debt reporting is concerned. In a process that started in July 2022, the […] The post Is Medical Debt Getting Removed from Credit Reports & How Will It Impact Credit Scores?

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How law firms can minimise late payments from clients

Chaser

While it is true that law firms, especially big corporate firms, can generate significant amounts of money, the popular TV shows and movies depicting the legal industry as awash with money are not entirely accurate. In reality, many law firms operate without significant cash reserves , which can put them at risk if payments are late.

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The 8 Most Common Accounts Receivable Management Problems and Solutions

Gaviti

Effective accounts receivable management is one of the most critical aspects of boosting steady cash flow for your business. The AR team must identify problems and seek long-term solutions. Taking this proactive approach can smooth problems over before they spiral out of control. Every business is different. Issues vary based on industry, business size, geographical location, and company culture.

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How to Improve Your Accounting Practices in 2023

Due

From giant corporations to solopreneurs, every enterprise uses accounting. It’s important for businesses to consider ways they can improve accounting practices, as this vital piece of business administration takes into account all of a company’s financial transactions. It measures and shares financial activity, tracks taxes, makes payments, and sends invoices.

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Today I stopped a Scammer. And some of you may know who they are.

Cpcmcredit Blog

A new client called me today seeking lending for buying Care homes. This is a very difficult sector for borrowers given a very mixed past record and I had to be honest with him that even with a complete fair wind, the best we could achieve was commercial mortgage on the property for 70% LTV (probably les in truth) and some financing on any available debtors.

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4 Crucial Signs That Your Small Business Needs Funding

ForwardAI

Originally published on Entrepreneur.com Small businesses face a constant challenge in securing funding for growth. Unforeseen cash flow challenges can cause financial instability, potentially leading to failure. Here are four signs that indicate when a small business needs funding and how implementing a cash flow management tool can improve its financial situation and reduce its reliance on loans.

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Net 30 Hack: The Ultimate Guide for your business

The Red Spectrum

As a business owner, cash flow is crucial to your success. The ability to collect payments from customers quickly and efficiently can make all the difference in keeping your business afloat. That’s where the Net 30 Hack comes in. In this guide, we’ll show you how to improve your cash flow by using Net 30 payment terms to your advantage. Learn more about Tips for negotiating better Net 30 payment terms.

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Why Trust is Critical for Commercial Real Estate Capital Transactions

StackSource

CEO Tim Milazzo discusses the importance of trust in commercial real estate capital transactions and highlights the importance of honing personal character, including integrity, transparency, competence, and consistency, to become a trusted deal party.

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ARVR Inventory Optimization: Achieve Better Inventory Management

Grit

Today, one of the most important things for e-commerce businesses is properly managing the warehouse to deliver the right products at the right time to the right customer. Any defect or error can negatively affect customers’ satisfaction. Many businesses combine well-trained employees, good equipment, and cutting-edge technologies like ARVR inventory optimization to run their warehouses well.

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LSQ Creates a $7.5MM AR Facility for Telecom Services Firm

lsq

ORLANDO, Fla. (April 25, 2023) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $7.5 million credit facility for a Florida-based telecom field services firm. The company will use the additional working capital to support current operations and growth. As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.

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How Do You Qualify for Invoice Factoring? [Plus List of Required Docs]

FundThrough

If you’re considering invoice factoring as a way to get working capital for your business, figuring out how you qualify for invoice factoring is an important step. (As a reminder, invoice factoring is a business financing method where a factoring company pays your outstanding invoices quickly. You get easy funding in days by skipping the […] The post How Do You Qualify for Invoice Factoring?

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Everything You Need to Know About a Certificate of Authority | Incfile

incfile

Your business is growing. Opportunity is calling and it’s now time to expand your company’s presence and operations beyond your “home” state where you initially registered your business.

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Is Invoice Factoring Considered a Loan?

FundThrough

Is factoring considered a loan? This question comes up often when business owners, CEOs, and finance leads are deciding whether invoice factoring services are the right funding option for their business. It’s important to know whether the financing option you’re considering will require you to take on debt – both for your balance sheet and […] The post Is Invoice Factoring Considered a Loan?

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CASE SUMMARY: Beverly Hospital to Run Sale Process Amid ‘Unsustainable’ Rising Expenses, Failed Out-of-Court Merger, Affiliation Efforts; Debtors to Fund Cases With $13M DIP Financing 

Reorg Blog

The post CASE SUMMARY: Beverly Hospital to Run Sale Process Amid ‘Unsustainable’ Rising Expenses, Failed Out-of-Court Merger, Affiliation Efforts; Debtors to Fund Cases With $13M DIP Financing appeared first on Reorg.

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Corporate Health Stabilizes, but We Expect More Weakness Ahead

Loomis Sayles Credit Research

After falling steadily for most of the past year, our latest quarterly survey of Loomis Sayles’ credit analysts revealed that two key measures of corporate health, pricing power and margins, showed signs of stabilizing in the first quarter of 2023. Inflation ticked down as well. But we think the hints of better news should be kept in perspective. Our credit analysts, who track 28 different industries, expect further deterioration ahead in pricing power, margins and credit quality.

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9 Ways Managed AR Services Help Businesses Navigate Economic Volatility

The Corcentric Blog

It's high time for businesses to streamline the AR management process and liberate working capital from your receivables ledger.

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Case Summary: Bed Bath & Beyond Enters Chapter 11

Reorg Blog

The post Case Summary: Bed Bath & Beyond Enters Chapter 11 appeared first on Reorg.

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Switching your customers to Direct Debit via GoCardless for Xero

GoCardless

A guide to convincing your customers to use Direct Debit via GoCardless for Xero.

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Beverly Hospital Case Summary

Reorg Blog

The post Beverly Hospital Case Summary appeared first on Reorg.

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Trust Bank Onboards 450K Customers in 5 Months using FICO Platform

FICO Blog

Home Blog FICO Trust Bank Onboards 450K Customers in 5 Months using FICO Platform Singapore’s first cloud-native bank uses FICO Platform for onboarding and wins FICO ® Decisions Award for Customer Onboarding and Management Saxon Shirley Tue, 04/18/2023 - 09:50 by Nikhil Behl Chief Marketing Officer expand_less Back To Top Tue, 04/25/2023 - 01:25 One of the World's Fastest Growing Digital Banks Trust Bank , Singapore’s first cloud-native bank, has become one of the world’s fastest growing digital

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Legislative Coverage: Crypto Oversight Hearing

Reorg Blog

The post Legislative Coverage: Crypto Oversight Hearing appeared first on Reorg.

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Virtual Item Cataloging: Manage Your Inventory Efficiently

Grit

Creating a virtual inventory and virtual item cataloging for your online or brick-and-mortar business delivers various pros over carrying a single traditional physical inventory. It is especially effective if you want to provide a product mix that rivals larger competitors without purchasing such a large stock of products! What is Virtual Inventory?

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Western Digital Covenants Analysis

Reorg Blog

The post Western Digital Covenants Analysis appeared first on Reorg.

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Construction loan and delinquency trends in 2023

Abrigo

Construction loans grow, delinquencies flatten in 2023 Construction lending projections look positive according to S&P data from 2022 and 2023. How can your institution prepare to grow its construction portfolio? You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH Takeaway 1 An S&P Global Market Intelligence report shows delinquencies leveling off and loans growing in the construction sector.