Accounting Department

JULY 11, 2024

Running a small to medium-sized business (SMB) comes with its own set of challenges and rewards. One of the most pivotal aspects of ensuring your business's success is strategic financial planning. While it might seem daunting, mastering this process can propel your business growth and profitability to new heights. This blog post will walk you through the critical steps in strategic financial planning tailored specifically for SMB owners.

Small Businesses 110

Small Businesses 110

Plooto

JULY 11, 2024

Financial technology (fintech) makes it easier for businesses to do everything from issuing invoices and processing payments to managing expenses and making payroll. These solutions are the behind-the-scenes tools that quite literally allow businesses to send and receive money.

104

104

Chaser

JULY 11, 2024

If you're relying on Sage Intacct to optimize your financial operations, you understand its robust capabilities in automating tasks and enhancing efficiency. Particularly in accounts receivable, this cloud-based platform excels by facilitating faster invoicing, versatile payment options , and direct email communication with your clients. Yet, pairing it with Chaser's technology elevates this convenience to a whole new level.

59

59

CreditStrong for Business

JULY 11, 2024

FICO is overwhelmingly used by most consumer credit lenders. They’re not the only ones in the business, but they are the most widespread. According to myFICO.com , FICO scores are used to determine borrower creditworthiness with 90% of top lenders. Even when choosing between FICO or VantageScore, there are multiple versions of each one. Lenders choose scoring versions that work for their needs.

Credit Scoring 59

Credit Scoring Credit Reporting Agencies Credit and Collections Credit Unions 59

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

Bad Debt

biz2credit

JULY 11, 2024

Choosing the right Customer Relationship Management (CRM) system is crucial for small businesses operations. It’s a proven method to streamline customer interactions, enhance marketing strategies, and improve sales. This guide provides a detailed walkthrough on how to select the most suitable CRM system for a small business, highlighting important features, factors to consider, and common … Continue reading "How to Select the Right CRM for Your Small Business" The post How to Select the Ri

Small Businesses 59

Small Businesses 59

Due

JULY 11, 2024

The recent inflation report for June has brought some unexpected news. For the first time in over three years, inflation has dipped below 3%. This surprising turn of events has significantly increased the likelihood of the Federal Reserve (Fed) cutting interest rates in September. Just a day before the inflation report, the probability stood at 70%, but it has now surged to 81%.

52

52

Reorg Blog

JULY 11, 2024

Reporting: Hugh Minch With the week falling between Juneteenth and July 4th, the CLO primary market was uncharacteristically quiet last week in the US, with no new issues pricing for the first time since January.

52

52

CreditStrong for Business

JULY 11, 2024

With the right funding, you’re ready to take on all the goals you’ve set for your business. It’d be helpful if you get it, but you’re probably wondering what credit score you need to get a small business loan. In this article, we’ll cover the different types of business loans and the credit expectations for each. Credit Score Requirement By Business Loan Type There are a few different options when it comes to small business loans.

Credit Scoring 52

Credit Scoring Small Businesses Credit Unions Bad Debt 52

Due

JULY 11, 2024

Grants for Registered Apprenticeships have received a $244m boost from the U.S. government. The Department of Labour (DoL) announced the investment to bolster the emerging workforce’s modernization efforts. According to a new DoL release , this huge funding aims to modernize, diversify, and expand Registered Apprenticeships in growing industries.

52

52

CreditStrong for Business

JULY 11, 2024

An 800 credit score is perfect credit. You get the best mortgage rates, fast approvals, and qualify for the best credit cards and loans. Although it might sound difficult to get there, it’s easy to accomplish when you pay all of your bills on time, pay down debt, and make vigilant decisions on applying for new credit. If you’ve already done the work to get yourself to the 750 mark, then 800 is no sweat!

Credit Scoring 52

Credit Scoring Credit Reporting Agencies Deductions 52

Reorg Blog

JULY 11, 2024

Reporting: Hugh Minch With the week falling between Juneteenth and July 4th, the CLO primary market was uncharacteristically quiet last week in the US, with no new issues pricing for the first time since January.

52

52

CreditStrong for Business

JULY 11, 2024

As of February 2021, 97% of the US population have a cell phone and 85% of people own smartphones. It’s become a necessity to operate in today’s world; it’s your GPS, your line of communication, your game time, and can even be a way to earn money. While you don’t necessarily need to have good credit to get a phone plan, it definitely helps. If you have poor credit, you might choose options like a prepaid phone, month to month plan, or work with a cosigner to help you qualify for a phone plan.

Credit Scoring 52

Credit Scoring Credit and Collections Bankruptcy 52

Due

JULY 11, 2024

The legal services industry continues to surge in demand and value. With a projected compound annual growth rate of 2.5% until at least 2030 , the legal sector is expected to remain strong throughout the rest of the decade. However, that doesn’t mean law firms don’t have to remain budget-conscious—even if they’re maximizing their efforts with AI products.

Law Firms 52

Law Firms Cybersecurity 52

CreditStrong for Business

JULY 11, 2024

Equifax’s three primary business credit scores are their Credit Risk Score, Payment Index Score, and Business Failure Score. You can typically call your scores in each of these models good if they’re above 556 , 90 , and 1,315 , respectively. A good Credit Risk Score or Payment Index Score generally indicates that your business is likely to make its payments on time.

Credit Scoring 52

Credit Scoring Credit Risk Credit Reporting Agencies Credit and Collections 52

Gaviti

JULY 11, 2024

The traditional accounts receivable process is full of manual processes that are prone to error. What’s worse, inefficiencies in these processes can lead to unpaid invoices, late payments and the inability to generate the revenue that your business rightfully earned. As a result, many businesses turn to accounts receivable automation solutions. If you’ve decided your business is ready to move to automating its A/R, you’ll want to find the best A/R automation software, also called invoice to cash

DSO 52

DSO AR Automation Credit and Collections Bad Debt 52

biz2credit

JULY 11, 2024

As a business owner, finding a small business CRM is essential for managing sales, finding new leads, performing basic bookkeeping functions, and organizing important sales data in one easy-to-use system. This article shows how to select the best small business CRM system, highlighting important features, factors to consider, and common mistakes to avoid so that … Continue reading "How to Select the Right CRM for Your Small Business" The post How to Select the Right CRM for Your Small Busi

Small Businesses 40

Small Businesses 40