Your Virtual Credit Manager

OCTOBER 17, 2023

Extending credit is the financial backbone of Business-to-Business (B2B) commerce. If you require payment in advance or upon delivery of goods or services, you are unlikely to find many customers willing to trade on those terms causing your business to not generate enough revenue to survive. (Photo by Jandira Sonnendeck on Unsplash ) In most cases, you therefore have to extend credit to your B2B customers, which entails the following risks: Not being paid anything Being paid an amount less than

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Bad Debt Credit and Collections Credit Risk Accounts Receivable (AR) 130

SMB Commercial Lending

OCTOBER 17, 2023

2023 Update: SBA Loans for Business Expansion In a bid to stimulate business growth, the #SmallBusinessAdministration (SBA) has officially affirmed that no equity infusion or #SellerFinancing is mandatory when purchasing a company that shares the same NAICS code as the buyer's current business in the same geographical area. The recent revisions to the SBA 7(a) loan program herald promising opportunities for both buyers and sellers.

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Transactions 98

Lendio

OCTOBER 17, 2023

We understand that running a business can be tough and that additional capital can make a huge difference. It’s completely understandable that obtaining a business loan may seem overwhelming, but we’re here to help make the process easier for you. By being prepared and following these simple steps, you’ll be one step closer to achieving your business goals.

Credit Scoring 98

Credit Scoring Credit Unions Small Businesses Transactions 98

Abrigo

OCTOBER 17, 2023

Why change management is vital for banks and credit unions Regulators promote change management to manage risk, but banks and credit unions can also achieve important benefits when they manage change. You might also like this 7-step guide to a successful software implementation. DOWNLOAD Takeaway 1 Financial institutions should review change management processes, given the ever-evolving landscape and examiners' attention.

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Credit Unions CECL Credit Risk Dashboards 78

Due

OCTOBER 17, 2023

In order to predict the possible emergence of an upcoming bull market, it is essential to first analyze the economic factors that were prevalent in 1995. According to renowned financial expert Tony Dwyer, this period was marked by low inflation rates, substantial productivity, and robust corporate earnings, ultimately leading to the establishment of a strong bull market.

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Reorg Blog

OCTOBER 17, 2023

Australia-based wine producer Accolade Wines is heading for a full debt-for-equity swap under which its entire debt will be written down with lenders set to take control of the company from sponsor Carlyle, sources said.

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Reorg Blog

OCTOBER 17, 2023

New federal laws in the United Arab Emirates have created confusion among market participants as to whether unsecured lending by financial institutions to natural persons, or even corporates, is now prohibited. Ambiguous drafting, followed by inconsistent judgments and guidance from the Dubai and Abu Dhabi judiciary, has left the matter uncertain. It appears that only a decision from the UAE Federal Courts on the matter will be able to clarify the position and provide certainty.

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Cpcmcredit Blog

OCTOBER 17, 2023

Not surprisingly directly connected to the notorious (and some would say vile) Global Restructuring Group. There is no need for me to comment further Full story here but here are some highlights A “tracing agent” convicted of illegally obtaining personal information of bank customers has alleged that NatWest instructed him to report on debtors’ health conditions during the scandal at GRG.

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Emagia

OCTOBER 17, 2023

Nearly any upper-level financial leader who was required to take a 101-level Computer Science class in college has heard the phrase “garbage in, garbage out.” In essence, poor or erroneous raw information or data is only going to lead to a sub-standard end product. It’s akin to cooking a meal with a bunch of expired ingredients. This long-standing concept weighs heavily when discussing the potentially sizeable increase use of generative AI (GenAI) in finance functions.

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Credit Management 52

SOA People

OCTOBER 17, 2023

We are thrilled to announce that COZUMEVI, recently acquired by SOA People, has been honored with the prestigious "Corporate Social Responsibility Award" at the "SAP Partner Innovation Day 2023". This recognition underscores our commitment to corporate social responsibility, strengthening our dedication to the community and the environment.

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GoCardless

OCTOBER 17, 2023

Discover the five must-haves that merchants are using to compare Payment Service Providers and how you can use them to become viewed as mission critical by your customers.

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ForwardAI

OCTOBER 17, 2023

Originally posted on EINPresswire. Forwardly, an emerging leader in business financial transactions ensures zero debt with its innovative instant and same-day auto-invoice payment collection. SACRAMENTO, CA, USA, October 17, 2023 / EINPresswire.com / — Forwardly, a leading real-time payment solution provider for small to medium-sized businesses and accounting firms, is excited to announce its latest offering, an Automatic Payments feature.

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Credit and Collections Accounting Firms Dashboards Transactions 52

Cpcmcredit Blog

OCTOBER 17, 2023

This blog generally avoids direct political comment but every now and then a trend might be detected that ultimately affects businesses here and elsewhere. The thread might be tenuous but nationalistic inward looking governments generally find trade to be an anathema and as we have seen by off the record comments by the likes of Trump and Johnson, there is a general under-lying hostility to business So Poland’s surprise rejection of the PIS nationalistic “populist” party can be

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