Tue.May 09, 2023

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Cash Forecasting: More Important Than Ever

Your Virtual Credit Manager

Photo by petr sidorov on Unsplash Cash forecasting is very important in “normal” economic conditions. Given today’s economy, cash forecasting is critically important in light of: Economic forces : recession fears, inflation, higher interest rates are all combining to increase the likelihood of a substantial number of your customers paying you late, not in full, or not at all.

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Liquidity Management Is Crucial to Succeeding in Today’s Hyper-Fast Environment

Plooto

In today's turbulent, disruptive times, businesses must stay financially agile. Effective liquidity management enables companies to make quick decisions, manage risk, and capitalize on business opportunities. In a   recent survey with Forrester , more than 80% of the companies indicated that liquidity management is a priority.

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Introducing Gaviti’s New Credit Management Module: Streamline Your Collections and Mitigate Risk ?

Gaviti

We are thrilled to announce the launch of our latest addition to the Gaviti accounts receivable collections platform: the Credit Management Module! At Gaviti, we understand how crucial it is for you to maintain a healthy cash flow, minimize credit risk, and ensure timely payments from your customers. With this new module, we aim to empower your business by providing you with the tools and insights to make better credit decisions and enhance your overall credit management strategy.

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5 reasons to visit Chaser at Accountex London 2023

Chaser

Are you planning on attending Accountex London 2023 ? If so, make sure you don't miss out on visiting Chaser's stand. Chaser is excited to be exhibiting at this year's event, which is set to take place on Wednesday, May 10th, and Thursday, May 11th. As the leading event in Europe's accounting and finance community, Accountex London is the perfect opportunity for businesses to connect, learn, and discover new technologies to enhance their financial processes.

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AccountingDepartment.com Awarded Inc. Best Workplaces 2023 Recognition

Accounting Department

We are thrilled to share that AccountingDepartment.com has been selected for inclusion in the Inc. Best Workplaces list, for the second year in a row. This 2023 recognition is a true testament to our accomplishments around the workplace we have created. We are grateful for the privilege of being acknowledged as an Inc. Best Workplace for back-to-back years and we extend our appreciation to our entire staff, who make it such a wonderful place to be every day.

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The time cost of late payments

Chaser

Almost 40% of businesses in the UK spend four or more hours a week dealing with late payments. That adds up to 208 hours, or just under nine full working days per year wasted simply chasing money your company has already earned.

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18 Teacher Appreciation Gifts That Your Favorite Teacher Will Actually Use

Due

Each year, National Teacher Appreciation Day is celebrated on the Tuesday of the first full week in May. Why should you mark that date on your calendar? In many ways, teachers are the closest we will come to real-life superheroes. However, finding the right gift to express appreciation for them can be challenging. Fortunately, we found 18 teacher-approved presents that fit the needs of teachers of all grade levels.

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Export invoice finance. A gap in the market?

Cpcmcredit Blog

Most Invoice financiers do not understand export. Bold statement but generally true. I will postpone my comments on the specifics on this subject for now because i’m currently negotiating a very promising substantial facility but suffice to say that when an invoice finance considers BP to be “high risk” because their office is in the “wrong country” then I go back to my first sentence.

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Getting Your Product In Stores: A Beginner’s Guide

Lendio

As a small business owner, you know that getting your product in stores can be a huge boost to your bottom line. But, with so many options available, it can be difficult to know where to start. In this article, we’ll cover the basics of how to get your product in stores, from selling your product to local stores to getting your products on the shelves of larger retailers.

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INC. Magazine Names Austin Capital Bank To Inc. 5000 List For Seventh Consecutive Year

CreditStrong for Business

Bank revenue increases to almost $50 million Austin, TX (Aug. 16, 2022) – Fueled by record-revenue over the past three years, Austin Capital Bank was named to Inc. Magazine’s Inc. 5000 list of the fastest-growing independent companies for the seventh consecutive year. Austin Capital Bank, a leader in digital banking products and responsible financial innovation founded in 2006, made the list once again reporting three-year revenue growth of 334%, which was good enough for #1,738 on this year’s a

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Introducing Gaviti’s New Credit Management Module: Streamline Your Collections and Mitigate Risk ?

Gaviti

We are thrilled to announce the launch of our latest addition to the Gaviti accounts receivable collections platform: the Credit Management Module! At Gaviti, we understand how crucial it is for you to maintain a healthy cash flow, minimize credit risk, and ensure timely payments from your customers. With this new module, we aim to empower your business by providing you with the tools and insights to make better credit decisions and enhance your overall credit management strategy.

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European Real Estate Crunch Pushes Up Bond Yields of Peach Properties, Demire, Aroundtown, DIC Asset as Commercial Real Estate Prices Fall, Q1 German Portfolio Transaction Volumes Drop 67% YoY

Reorg Blog

The post European Real Estate Crunch Pushes Up Bond Yields of Peach Properties, Demire, Aroundtown, DIC Asset as Commercial Real Estate Prices Fall, Q1 German Portfolio Transaction Volumes Drop 67% YoY appeared first on Reorg.

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Unlocking the Power of A/R Analytics and Dynamic Reporting

Gaviti

Business operations generate copious amounts of data, accounts receivables being no exception. For most of history this had to be done manually. In the 1950s computerized programs entered the pictures. A few decades ago, companies started using ERPs to manage accounting and other business operations. While ERPs were a big improvement in every way for accounts receivable, there they still left a lot of manual work to be done and much room for errors.

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How to Get an EIN in Texas for Your Small Business | Incfile

incfile

An EIN is a nine-digit federal Employer Identification Number assigned by the Internal Revenue Service (IRS) in order to identify your business for tax purposes. It's most often required if you're hiring employees, getting a business bank account, or getting a business license. Below, we'll show you how to get one, as well as answer a few common questions about Texas EINs.

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Maintaining the Status Quo? It’s Not a Risk Worth Taking

The Esker Blog

“Is there risk involved in change? Absolutely, but there is much more risk involved in not changing.” When I was in 7 th grade, every Thursday was “current events” day, where we had to bring in a newspaper article to discuss with the class and pick out one quote and explain how it can relate to other parts of life. I don’t remember what the original article was about, but the quote has stuck with me for many years.

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Over half of UK small businesses are still owed money from 2022

Hilton Baird

A new survey from NerdWallet has revealed that 55% of SMEs in the UK still have outstanding invoices from the previous tax year. The post Over half of UK small businesses are still owed money from 2022 appeared first on Hilton-Baird Collection Services.

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Legal Analysis: Sino-Ocean Features Separate Credit Structures For Distinct USD Note Sets, Providing Different Credit Enhancements; Event of Default Limitations, Keepwell Removal Underscores Distinction; SINOCE $200M Notes SBLC Provides Standalone Protection

Reorg Blog

The post Legal Analysis: Sino-Ocean Features Separate Credit Structures For Distinct USD Note Sets, Providing Different Credit Enhancements; Event of Default Limitations, Keepwell Removal Underscores Distinction; SINOCE $200M Notes SBLC Provides Standalone Protection appeared first on Reorg.

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A quarter of finance professionals see more customers unable to pay their bills

Onguard

17% have had to reorganise in their own organisation due to economically challenging times Amsterdam, 9 May 2023 – As many as 25% of finance professionals have more customers who are unable to pay their bills on time due to the tough economic times. This is according to the FinTech Barometer, Onguard’s survey on the financial status at Dutch companies , which was conducted for the sixth time this year.

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New tutorial on the parties involved in a forced recovery in France

Credit Tools

Time to move on to the second stage of judicial recovery, which is forced recovery, when a debtor does not voluntarily pay an amount that is due after a court decision.

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Litigation Coverage: AMC, Lead Plaintiffs Say Company Risks Bankruptcy Absent Court Approval of APEs Settlement

Reorg Blog

The post Litigation Coverage: AMC, Lead Plaintiffs Say Company Risks Bankruptcy Absent Court Approval of APEs Settlement appeared first on Reorg.

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Austin Capital Bank Ceo Appointed To Consumer Financial Protection Bureau (Cfpb) Advisory Council

CreditStrong for Business

CEO and founder to serve on Community Bank Advisory Council Austin, TX (September 7, 2018) – The Consumer Financial Protection Bureau (CFPB) today announced that it has appointed Austin Capital Bank founder and CEO Erik Beguin to the Community Bank Advisory Council (CBAC) for the Bureau. The CBAC provides advice to CFPB leadership on a broad range of consumer financial issues and emerging market trends.

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Litigation Coverage: AMC Entertainment Holdings

Reorg Blog

The post Litigation Coverage: AMC Entertainment Holdings appeared first on Reorg.

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Austin Capital Bank CEO And Founder Receives Luther College Distinguished Service Award

CreditStrong for Business

Beguin recognized for service to society, professional achievement, and contribution to community AUSTIN, TX (October 26, 2018) – Luther College has bestowed Austin Capital Bank founder, CEO, and President Erik Beguin with its Luther Distinguished Service Award. The Distinguished Service Award, one of the highest honors awarded by the college, is given in recognition of success and achievement in professional fields, service to society, contributions to community, and loyalty and service to Luth

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Legal Analysis: Sino-Ocean Group

Reorg Blog

The post Legal Analysis: Sino-Ocean Group appeared first on Reorg.

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INC. Magazine Names Austin Capital Bank To Inc. 5000 List For Fourth Consecutive Year

CreditStrong for Business

Bank moves up to #2060 on list with impressive revenue growth Austin, TX (Aug. 14, 2019) – For the fourth consecutive year, Austin Capital Bank, a leader in digital banking products and responsible financial innovation, was named to Inc. Magazine’s “Inc. 5000” list of the fastest-growing private companies in the nation, as it experienced a record 195% revenue growth over the past three years.

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PSP Set to Take Control of Keter

Reorg Blog

The post PSP Set to Take Control of Keter appeared first on Reorg.

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Austin Capital Bank’s Beguin Named To Consumer Financial Protection Bureau Advisory Committee For Second Time

CreditStrong for Business

Austin Capital Bank CEO to Serve Second Term on CFPB Community Bank Advisory Council Austin, TX (Oct. 3, 2019) – For the second consecutive year, the director of the Consumer Financial Protection Bureau has appointed Erik Beguin, Austin Capital Bank founder and CEO, to serve as one of eight committee members to its Community Bank Advisory Council (CBAC).

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European Real Estate Overview

Reorg Blog

The post European Real Estate Overview appeared first on Reorg.

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Board Of Governors Of Federal Reserve System Names Beguin To National Advisory Council

CreditStrong for Business

Austin Capital Bank CEO and Founder to Serve on Community Depository Institutions Council Austin, TX (Dec. 13, 2019) – Erik Beguin, founder and CEO of Austin Capital Bank, has been named by the Board of Governors of the Federal Reserve System to serve on its national Community Depository Institutions Advisory Council (National CDIAC) for 2020, it was announced today in Washington.

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Lycra Refinancing Overview

Reorg Blog

The post Lycra Refinancing Overview appeared first on Reorg.

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INC. Magazine Names Austin Capital Bank To Inc. 5000 List For Fifth Consecutive Year

CreditStrong for Business

Bank doubles revenue to move up to #1,134 on list Austin, TX (Aug. 20, 2020) – For the fifth consecutive year, Austin Capital Bank , a leader in digital banking products and responsible financial innovation, was named to Inc. Magazine’s “Inc. 5000” list of the fastest-growing private companies in the nation, as it experienced a record 399% revenue growth over the past three years.

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