Wed.May 31, 2023

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How to Create a Financial Plan for Your Small Business

incfile

Starting and running a prosperous small business requires careful financial planning. That's where a small business financial plan comes in: With one in your toolbox, you'll be better equipped to make informed financial decisions and achieve your goals.

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Whitepaper: Economic uncertainty highlights the importance of proper credit management

Onguard

The finance professional’s role is dynamic, and the COVID-19 crisis has made it even more crucial in organisations, with an increasing involvement in (digital) strategy. Currently, the profession is once again facing a number of challenges. The turbulent economic situation is making organisations more cautious, resulting in fewer innovations and less investment.

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Available on Backorder: Keeping Customers Happy in 2023

Grit

In today’s fast-paced and ever-changing business landscape, meeting customer demands can be challenging. One aspect that significantly affects customer satisfaction is the availability of products. Occasionally, due to unforeseen circumstances, businesses may need help to fulfill customer orders. However, adopting the “available on backorder” option can help maintain customer loyalty and satisfaction.

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Whitepaper: Economic uncertainty highlights the importance of proper credit management

Onguard

The finance professional’s role is dynamic, and the COVID-19 crisis has made it even more crucial in organisations, with an increasing involvement in (digital) strategy. Currently, the profession is once again facing a number of challenges. The turbulent economic situation is making organisations more cautious, resulting in fewer innovations and less investment.

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Backorder Notification Example: How to Communicate Delays in 2023

Grit

In the fast-paced business world, delays can occur due to unforeseen circumstances, resulting in backorders. Effective communication becomes crucial when a customer places an order for a product that is temporarily out of stock. This article will anticipate uncovering the importance of backorder notifications example and provide a guide on effectively communicating delays in 2023.

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How To Write An Internship Offer Letter

Lendio

Internships help students and entry-level job candidates gain experience they need to build a solid career in their field of choice. They also benefit businesses by introducing fresh talent into your organization who can meet the needs of specific projects. When you do hire an intern, you need to present them with an offer letter that clearly details your expectations and the duties they will be handling.

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‘Bad Boy’ Guarantees Provided to Brookfield DTLA Property Lenders Are Difficult to Effectuate Without Degradation of Property Value; Lenders’ Pursuit of Receivership Limits Guarantee Rights

Reorg Blog

The post ‘Bad Boy’ Guarantees Provided to Brookfield DTLA Property Lenders Are Difficult to Effectuate Without Degradation of Property Value; Lenders’ Pursuit of Receivership Limits Guarantee Rights appeared first on Reorg.

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Delivering better patient financial care: 3 takeaways from Renown Health’s success

Waystar

When it comes to earning patient loyalty, many focus on the clinical side of healthcare and may not realize just how much the patient financial journey impacts the experience. The truth is how well you deliver patient financial care can leave a lasting impact — and even play a role in determining if patients decide to return in the future. In fact, 63% of patients would consider switching providers for a better financial experience.

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Take Factoring to the Bank

Sky Business Credit

Realistically, a banker and factor often target the same general client: a growing business in need of cash flow. But if we dig into the nuances of our respective business models, it turns out there are situations and circumstances where it is mutually beneficial to work together instead of against each other. Have you ever met a prospective client that you really liked, but just couldn’t get their loan approved?

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Is this right? “Firms fined most by regulators still on UK government’s list of top suppliers”

Cpcmcredit Blog

Tucked away in Sundays Observer is a very relevant and somewhat startling story It asks the above question and my view is that it is an emphatic “No” HMG should be leading the way in clamping down on bad practice. Fines issued clearly only go so far so the logical step is that the businesses listed are removed from approved suppliers lists.

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BigCommerce Overstock: Tips for Managing Inventory in 2023

Grit

Inventory management is crucial to running an e-commerce business, and BigCommerce store owners are no exception. Effective inventory management ensures that products are available when customers demand them, prevents unnecessary costs, and maximizes profitability. One particular challenge that store owners often need help with is dealing with overstock inventory.

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Purdue Pharma Bankruptcy Industry Update

Reorg Blog

An opinion arising out of the Purdue Pharma bankruptcy, the U.S. Court has upheld bankruptcy courts’ authority to approve nonconsensual third-party releases.

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Backorder vs. Out of Stock: What it Means for Your Business in 2023

Grit

In today’s competitive business landscape, ensuring product availability is crucial for maintaining customer satisfaction and driving business success. When managing inventory, two terms often come into play “backorder” vs “out of stock.” Understanding the differences between these terms and how to manage them effectively can significantly impact your business’s reputation and bottom line.

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Colisee Grows Q4 EBITDA 11% YoY to €56M, Budgets 14% YoY Rise to €223M EBITDA in FY’23; Pace of Margin Decline to Ease

Reorg Blog

The post Colisee Grows Q4 EBITDA 11% YoY to €56M, Budgets 14% YoY Rise to €223M EBITDA in FY’23; Pace of Margin Decline to Ease appeared first on Reorg.

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Backorder Best Practices to Avoid Losing Customers in 2023

Grit

Managing backorders efficiently has become increasingly important for maintaining customer satisfaction and loyalty in the dynamic business world. Backorders occur when a customer orders a product that is currently out of stock but will be restocked. Failing to handle backorders effectively can lead to dissatisfied customers, lost sales, and damage to your business reputation.

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In Long-Awaited Purdue Opinion, Second Circuit Articulates 7-Factor Test for Nonconsensual Nondebtor Releases; Plan to Be Confirmed After Yearslong Appeals 

Reorg Blog

The post In Long-Awaited Purdue Opinion, Second Circuit Articulates 7-Factor Test for Nonconsensual Nondebtor Releases; Plan to Be Confirmed After Yearslong Appeals appeared first on Reorg.

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Best Personal Finance Advice For Millionaires From 3 Billionaires

Due

Hitting the million mark , especially if you did it all by yourself, is a huge achievement— both financially and personally. While some people make peace with the millionaire tag, most head towards the next big milestone— becoming a billionaire. However, a lot of people fail to realize that although the difference between a millionaire and a billionaire may sound trivial, it’s still a huge leap, one that not many can take.

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Legal Analysis: Hong Kong Court Winds Up Jiayuan

Reorg Blog

The post Legal Analysis: Hong Kong Court Winds Up Jiayuan appeared first on Reorg.

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How to Manage Your Retirement Savings During a Recession

Due

Retirement is the culmination of an employed person’s hard work over the years. While retirement can come off as scary and daunting—where the thought of your mind stagnating and your physical body weakening because of the lack of motivation to do something on a daily basis—the idea of retiring in the middle of a recession makes things even worse, especially for your retirement savings.

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APIs – The driver behind data management

Onguard

Have you been curious about how debtor statuses like credit limits appear based on filter options within an administration? These simple, but critical tasks within an administration are made possible through APIs. An API, or Application Programming Interface, is a set of rules and protocols that defines how two pieces of software can communicate with each other.

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Working Capital Levers to Support Cash Performance

lsq

Our VP of Working Capital Brian Rieber recently had the opportunity to sit down with Alex Weiss from Esker , and Craig Jeffrey from Strategic Treasurer to discuss the current macroeconomic environment and how high inflation and rising interest rates are impacting global businesses and, more specifically, their working capital positions. “We had a great discussion not just about the current conditions, but the levers that companies can use to improve their cash performance in the face of challen

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Analyze, Adapt, Pay Attention to Detail: A Winning Formula for Hiring Exceptional Credit Management Personnel

Bectran

Companies of all sizes depend on the wisdom of credit management personnel to oversee the operations of the credit department. Much like a conductor leading an orchestra , a great credit manager seamlessly guides multiple moving pieces as they come together to smoothly achieving a single goal.

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Global GDP Themes and Forecasts (Infographic)

Loomis Sayles Credit Research

Consensus global growth forecasts have improved slightly since last month as economies continue to look somewhat resilient relative to previous expectations. Bloomberg consensus estimates for world GDP bumped up to 2.6% for 2023 (from 2.4% last month and 2.1% to start the year). Growth estimates for US, Europe and China have all been revised upwards over the past couple of months.

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