Your Virtual Credit Manager

APRIL 2, 2024

Commercial credit scores predict the likelihood of a business fulfilling its financial obligations, particularly regarding debt repayment and trade credit. As such, they are just one of the many tools, such as credit reports, supplier and bank references, and financial statement analysis, that can help assess a business's creditworthiness. Their greatest value, however, may be not what they can tell you about an individual company, but what they can tell you about your entire accounts receivable

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Credit Scoring Credit and Collections Bad Debt Credit Risk 130

Know-It Global

APRIL 2, 2024

New changes have come into place in April 2024, with updated standards for Prompt Payments being introduced. As of April 1 st, 2024, there are significant changes for big businesses bidding for large government contracts. The Prompt Payment Law brings significant changes that will impact businesses across the country, so we’ve broken down the details to make sure you understand what this means for your business.

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Credit and Collections Small Businesses Credit Management 104

Due

APRIL 2, 2024

In the realm of success and ambition, certain phrases echo with the spirit of achievement. One such phrase is “I got the slam, proud of them, shorty have them drip, proud of them, put it on the jet, outta here, 2024.” This seemingly simple phrase carries a profound message about the journey to success, the pride in accomplishment, and the vision for the future.

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biz2credit

APRIL 2, 2024

In this article, we cover: What is slow business? What does slow business mean for you? How to improve your business during the slow season Turn a slow business into a productive one Staying in business long enough will teach you that there are cycles and seasons of growth. During the high season, you’re literally … Continue reading "What To Do When Business Is Slow" The post What To Do When Business Is Slow published first on.

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APRIL 2, 2024

Forbes’ annual list shows that this year there have been more billionaires than ever before. The “Rich List” is the annual run-down of the biggest bankrolls on the planet and this year there have been more faces entering the billionaire category in 2024. The report states that the 2024 list is “richer than ever, worth $14.2 trillion in the aggregate, up by $2 trillion from 2023 and $1.1 trillion above the previous record, also set in 2021.

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Reorg Blog

APRIL 2, 2024

Thames Water parent Kemble reportedly risks entering into insolvency unless lenders agree to a debt-for-equity deal. Last week, Thames Water blamed regulator Ofwat for not providing the necessary regulatory support for a business plan that “ultimately addresses” the issues that Thames Water faces after more than a year of negotiations, as reported.

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Reorg Blog

APRIL 2, 2024

New Coverage: Rivian Automotive may face liquidity shortfall in H2'25 absent improvement in gross margin. Learn more with Reorg.

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APRIL 2, 2024

The journey to self-discovery and inner peace is a complex and often challenging process. It requires a deep understanding of oneself, including the acceptance of both the light and the darkness within. This journey is not about pretending there is no darkness within — but rather, it’s about acknowledging and accepting the existence of both light and darkness within oneself.

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Lendio

APRIL 2, 2024

Is it time for a career change? Do you have a unique skill set in a niche field but want to expand your knowledge into something new? Many entrepreneurs started out in their fields and saw opportunities outside of the norm. They made dramatic changes in their career plans and took risks to enter new and lucrative markets. This could be you. Below are a few unique business ideas that rise to customer demand.

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APRIL 2, 2024

The United States stock market opened today to a cautious post-Easter floor as healthcare systems see the brunt of trepidation. The U.S. stock market has seen a boom in the first quarter of 2024, which had investors looking forward to the rest of the year, but the sluggish start to April has those purse strings guarded, especially for the healthcare sector.

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Lendio

APRIL 2, 2024

Balance sheets make up the core of bookkeeping. These financial records track every credit or debit for your business, noting them under assets and liabilities. Assets refer to anything that is useful or has value to the business (like cash on hand or inventory ). Conversely, liabilities refer to anything that will cost the business money in the long or short term.

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Reorg Blog

APRIL 2, 2024

The post CASE SUMMARY: Chilean Broadband Provider WOM SA Files Freefall Ch. 11 to Reorganize Capital Structure; $210M DIP to Pay Critical Non-US Creditors, Pay Down Securitization Facility appeared first on Reorg.

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aptic

APRIL 2, 2024

Customer Communication Management (CCM) is playing an increasingly important role in enabling organisations to communicate effectively with their customers. This is particularly noticeable in the financial industry. In addition to expectations of a seamless and personalised customer experience, financial solutions also need to maintain a high level of security when it comes to communicating with customers.

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SOA People

APRIL 2, 2024

The leading and independent German magazine for credit managers is published four times a year. In line with the association's motto "From Credit Managers for Credit Managers", established industry experts have their say in practice-oriented specialist articles. With its affiliation to the Federation of European Credit Management Association (FECMA) , the Bundesverband der Credit Manager offers its members an exchange of information and experience within an international network.

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Commercial Credit Group

APRIL 2, 2024

Many companies use financing to acquire the equipment they need to operate their businesses. Because equipment is costly, many companies can’t afford to buy it outright or don't want to use their available cash to buy the equipment, so they rely on financing instead. Financing equipment is not difficult or complex, but myths and misconceptions sometimes keep businesses from exploring financing options.

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Reorg Blog

APRIL 2, 2024

EchoStar confirmed that DISH Network Corp.’s option to purchase certain 800 MHz spectrum licenses had “expired.

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GoCardless

APRIL 2, 2024

How we reflected our views, and those we hear from our customers, to the PSR

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Reorg Blog

APRIL 2, 2024

On Jan. 22, e-commerce-enabled used car dealer Vroom announced its plans to completely wind down its used vehicle dealership business.

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Due

APRIL 2, 2024

Economic cycles govern our personal and financial lives. Life’s uncertainties—job loss, emergencies, foreclosures, bankruptcies—can severely damage credit. While financial crises can be daunting, they are not the end of the road. With a commitment to bouncing back, discipline, careful planning, concrete goals, and strategic choices, it is possible to recover from financial troubles and rebuild your credit status.

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Credit Scoring Bankruptcy Credit and Collections Chapter 7 72

Reorg Blog

APRIL 2, 2024

Moody’s downgraded Altice France to triple-C on Wednesday, March 27, creating headaches for CLOs that have exposure.

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Abrigo

APRIL 2, 2024

Stand-ou t bank business strateg ies for lending success These bank business strategies will help you market, target, add value to your lending services and build lasting relationships with your borrowers. You might also like this SMB Lending Insights report for banks and credit unions Download report Takeaway 1 Banks need to implement good business strategies to attract new customers and build on existing relationships.

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Credit Risk Credit and Collections Credit Unions Small Businesses 68

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APRIL 2, 2024

The former President’s Trump Media & Technology Group which refers to itself as TMTG, has seen stock plummet after just one week. Digital World Acquisition Corp merged with Trump Media in late February to a large fanfare. However, the media company’s share price has dropped a massive 20%+ in seven days of trading on the stock market. Truth Social The social media company tied to TMTG, Truth Social, relies on the supporters loyal to the former President, but this is a double-edged sword

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