Thu.May 11, 2023

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8 Net 30 Vendor Problems to Avoid in Your Small Business

The Red Spectrum

The financial stability of any organization depends heavily on how well vendor accounts are managed. You must manage your Net 30 vendor accounts as a business owner or financial manager if you want to make sure that your suppliers are paid on time and that you have a good working relationship with them. However, handling these accounts might involve certain frequent mistakes that organizations make, which can result in lost opportunities and monetary burdens.

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Esker on Air S4 E1: Taking Advantage of Supply Chain Financing with Brian Rieber from LSQ

The Esker Blog

The rising cost of capital is causing finance leaders to look at supply chain financing (SCF) to improve working capital. That’s because supply chain finance addresses the basic need of financing the working capital necessary to run any business. And when delivered successfully, SCF benefits every part of the buyer/seller dynamic.But what is SCF? How does is improve working capital?

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Turn to FP&A for Effective Financial Planning

Accounting Department

For any business owner, one of the key areas of focus should be the company’s future. Financial planning is a vital part of that plan, helping business owners leverage growth and expand their operations. If a business owner hasn’t focused on this aspect, they need to understand what it is, what it does, and how it differs from regular accounting. What Is FP&A?

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Empowering Vulnerable Individuals: Aryza Tools for Financial Well-being

Collenda

Empowering Vulnerable Individuals: Aryza Tools for Financial Well-being A recent study conducted by credit information company Experian has shed light on the financial struggles faced by individuals and the reluctance they often feel when seeking help. The research suggests that people tend to wait until they have accumulated around £7,835 in debt before taking action.

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PayPod Interview: Importance of Cash Flow Management for Small and Medium Sized Businesses with Nick Chandi of ForwardAI

ForwardAI

Tune in to the latest episode of PayPod: The Payments and Fintech Podcast featuring ForwardAI ! Join CEO Nick Chandi and host Jacob Hollabaugh as they dive into captivating conversations on the latest developments in the payments and fintech industry. In this episode, Nick uncovers the untold truth behind early startup failures focusing on the mistake of poor cash flow management.

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Thinking of starting digital commerce in 2023? Automation is the way

Grit

In today’s digital economy, people spend most of their time online and gradually turn to e-commerce platforms for their needs. Over time, customer traffic on your digital commerce website is increasing, as are small repetitive tasks such as inventory management and emails. Of course, those tasks are essential. But if you spend a lot of time on them, you will need to focus on other important, creative tasks and business growth, and that’s when automation comes into play.

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AI-Driven Sales Analytics: Unlock Insights into Your Sales Performance

Grit

AI (artificial intelligence) is among the factors transforming how sales teams perform and operate. And adding AI to your current sales CRM and analytics platforms can automate tasks, personalize interactions, improve results, and unlock new insights. Today, we will explore how to leverage AI in your sales processes and what benefits you can expect from AI-driven sales analytics.

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Tips for Mental Health at Work | Incfile

incfile

The average American working a full-time, five-day workweek spends 2,080 hours at work a year. As an employer, it's your responsibility to ensure those hours are spent in a healthy workplace culture. Because without proper mental health support, the well-being of your staff — and your company at large — will suffer. With May being Mental Health Awareness Month, now is the time to put a plan into place.

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How to Manage Retirement Funds and Avoid Mistakes

Due

Being realistic about your plans and thinking ahead can help you avoid the worst retirement mistakes. Retirement preparation is a complicated process, and it’s easy to make the wrong financial decisions. According to the Federal Reserve , 40% of non-retired adults believe they are on track to save for retirement. 60% of those who feel their retirement isn’t on track didn’t set out to sabotage it or not fund it.

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Member Alert: RMAI Submits Comments to Proposed FCC Rule on Text Messages

RMAi Blog

This week, RMAI submitted a letter to the Federal Communications Commission (FCC) in response to their request for comments from the public about the unlawful use of text messages. The FCC is proposing rules that would: (1) require mobile wireless providers to block text messages when notified by the FCC that they are likely scams; (2) extend the Do-Not-Call protections to marketing text messages; and (3) ban the practice of obtaining a single consumer consent as justification for calls and tex

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Financial Habits Guaranteed to Bring You Closer to a Million-Dollar Bank Account

Due

According to a report by Credit Suisse, there were 56.1 million millionaires worldwide in 2021. While the number may seem relatively small, it still represents a significant percentage of the global adult population, estimated at around 7.9 billion. However, pursuing your present lifestyle while simultaneously chasing your financial goals may look pretty challenging at times.

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