Tue.May 16, 2023

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9 Trade Credit Traps to Avoid

Your Virtual Credit Manager

When a commercial account wants to buy your product, chances are they will want credit terms. Business credit, also known as trade credit, facilitates the flow of goods and services between business trading partners. In one sense, it is a short term loan, but unlike bank lending and other forms of commercial credit, the loan isn’t the product.

Bad Debt 100
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Services That Your Company Can Provide In Inclement Weather

Skogen Capital Lending

When snow or rain hits, many companies struggle to reach their customers and maintain business. You can assist these organizations through the one that you own while increasing your profits. Here are a few services that you provide in inclement weather. Food Delivery As a business owner, you may own a fleet of vehicles to service your clients. If you are looking for a way to bring a little extra money into your organization, partner with a local restaurant to provide delivery when it becomes sli

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Esker recognized as a Leader in the Gartner® 2023 Magic Quadrant™ for Integrated Invoice-to-Cash applications

The Esker Blog

At Esker, we already felt honored to be named a Challenger in 2022’s first-ever Magic Quadrant for Integrated Invoice-to-Cash solutions. Now, we are all the more thrilled to make it into the Leader* quadrant for 2023! This puts us (again) in the unique position of being recognized in both the I2C and P2P Magic Quadrants. Since we’d like to continue on this path, we’re spending a good amount of time reflecting on what works and what it is that our customers like about us.

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Dynamic Forecasting Keeps Business Owners in the Know

Accounting Department

Experienced business leaders know that accurately predicting future financial outcomes is a highly complex challenge. It’s a process not to be left only to logic that is based on reviews of combined financial reports from the past.

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Create a Retirement Plan in 15 Minutes (Free Template)

Due

According to a 2021 survey conducted by the Federal Reserve, approximately 36% of non-retired adults in the United States felt that their retirement savings were on track, while 45% felt they were somewhat or far behind. If you don’t want to enlist in the latter group, plan your retirement strategically. However, you may find the process procrastinating, and that’s where this 15-minute retirement plan template comes in.

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Clueless underwriting (part 1)

Cpcmcredit Blog

This could be a very long series. I heard the latest example from a representative who works for a very decent lender with whom I have a number off contented clients. This example wasn’t my client but the response to this prospect was ridiculous Heavy demands on guarantees were demanded from the client because the lender had recently had a bad debt in the “same sector” What sort of logic is that?

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Do we need EU workers? Of course we do

Cpcmcredit Blog

This blog attempts to avoid politics but on occasions government policy overlaps into the concerns of SMEs to such an extent that it simply cannot be avoided. The latest issue is migration Its probably best that I will refrain from saying what I think of Suella Braverman but her suggestion that businesses can simply “train up” required workers to fill gaps is naive and simplistic in the extreme.

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Legislative Coverage: NYAG Proposes Law Targeting Conflicts of Interest in Crypto Industry; Bill Would Require Independent Audits of Crypto Firms

Reorg Blog

The post Legislative Coverage: NYAG Proposes Law Targeting Conflicts of Interest in Crypto Industry; Bill Would Require Independent Audits of Crypto Firms appeared first on Reorg.

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3 Proven inventory tactics to survive the eCommerce market of 2023

Grit

Trading goods in large quantities is always one of the headaches for managers, and how to manage inventory effectively is always a dilemma. Inventory, no doubt, is among the most essential parts of a company. If you manage it properly, reduced costs and increased profits are inevitable. Here are three inventory tactics to help you and your business survive in the e Commerce market in 2023.

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A Complete Guide to Average Collection Period Formula with Example

Emagia

The average collection period is an important accounting metric that evaluates a company’s ability to manage its accounts receivable (AR) effectively. It measures the time it takes for the business to collect payments from its clients, which reflects its cash flow effectiveness and ability to meet short-term financial obligations. It is a crucial indicator of a company’s financial health and liquidity.

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Benefits of Using Refreshable Excel Reports with Microsoft Dynamics GP

dynavistics

Are you a business manager who is using Microsoft Dynamics GP and needs a robust financial management system? Want to get the most out of your Dynamics GP investment? You should consider using refreshable Excel Reports, now that they are easy to set up. One of the most useful features of Microsoft Dynamics GP is its integration with Microsoft Excel, which enables users to create refreshable Excel reports.

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UPDATE 4: A&M, BlackOak and Hogan Lovells Hold Call With LMIRT Bondholders, Advise Holders to Form Committee, Engage With Sponsor, Riady Family, Lender Banks

Reorg Blog

The post UPDATE 4: A&M, BlackOak and Hogan Lovells Hold Call With LMIRT Bondholders, Advise Holders to Form Committee, Engage With Sponsor, Riady Family, Lender Banks appeared first on Reorg.

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From risk to opportunity: the transformation of credit management in a changing economy

Onguard

Organisations are increasingly faced with growing payment delays and customers requesting deferred payments. The main cause is economic uncertainty. This makes for a challenging time for credit management staff. After all, just checking and paying incoming invoices is no longer enough. For one in five (18%) organisations, the uncertain economic conditions create challenges in improving credit management.

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Vedanta in Talks With JPM, StanChart for $600M Bank Loan to Cut Financing Costs, Even as $1B Farallon Loan Talks Continue

Reorg Blog

The post Vedanta in Talks With JPM, StanChart for $600M Bank Loan to Cut Financing Costs, Even as $1B Farallon Loan Talks Continue appeared first on Reorg.

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From risk to opportunity: the transformation of credit management in a changing economy

Onguard

Organisations are increasingly faced with growing payment delays and customers requesting deferred payments. The main cause is economic uncertainty. This makes for a challenging time for credit management staff. After all, just checking and paying incoming invoices is no longer enough. For one in five (18%) organisations, the uncertain economic conditions create challenges in improving credit management.

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Health & Happiness Plans $300M 3NC2 Notes to Refinance $270M Notes

Reorg Blog

The post Health & Happiness Plans $300M 3NC2 Notes to Refinance $270M Notes appeared first on Reorg.

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10 Benefits of Reducing Operating Costs

GoCardless

10 benefits of reducing operating costs and effective ways to reduce expenses

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NYAG Proposes Law Targeting Conflicts of Interest in Crypto Industry

Reorg Blog

The post NYAG Proposes Law Targeting Conflicts of Interest in Crypto Industry appeared first on Reorg.

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The 10 Best Practices for Managing Subscriptions in Businesses

GoCardless

Considering a subscription model for your business? Learn all the benefits.

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Monitronics Files Consensual, Partially Prepackaged Chapter 22 Case

Reorg Blog

The post Monitronics Files Consensual, Partially Prepackaged Chapter 22 Case appeared first on Reorg.

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How to Take a Cleaning Payment for Your Business

GoCardless

Which cleaning payment method would be best for your business?

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Legal Analysis: Cayman Court Dismissal of Winding Up Petition

Reorg Blog

The post Legal Analysis: Cayman Court Dismissal of Winding Up Petition appeared first on Reorg.

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How to Streamline Your Purchase Order Process

GoCardless

Are you looking to streamline your procurement process?

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Court Finds Phoenix Suns Violated DSG Stay by Entering Into New Rights Deal, Attempting to ‘Impede’ Debtors’ Back-End Rights; Orders Suns, Diamond Arizona to Cooperate on Back-End Process Under Expiring Agreement

Reorg Blog

The post Court Finds Phoenix Suns Violated DSG Stay by Entering Into New Rights Deal, Attempting to ‘Impede’ Debtors’ Back-End Rights; Orders Suns, Diamond Arizona to Cooperate on Back-End Process Under Expiring Agreement appeared first on Reorg.

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5 Ways to Get Paid as an Independent Contractor

GoCardless

Learn how to get paid as an independent contractor.

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Envision, AmSurg Files Chapter 11

Reorg Blog

The post Envision, AmSurg Files Chapter 11 appeared first on Reorg.

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How to accept a tutor payment

GoCardless

What is the best way to take a tutor payment?

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Bittrex Filed Chapter 11 Petitions

Reorg Blog

The post Bittrex Filed Chapter 11 Petitions appeared first on Reorg.

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How Do Cross-Border Payments Work?

GoCardless

Learn how cross border payments work.

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Frugal Living Habits That Will Save You $22 A Day

Due

What do you think is preventing you from achieving financial freedom? Well, it’s easy to get swayed by the consumerism culture and end up spending unnecessarily on things that you could otherwise have gone without! Maybe, you don’t even know where you are shelling out extra bucks you could have saved. That’s why it is important to consider adopting a frugal lifestyle.

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The Pros and Cons of Buying a Franchise

Lendio

There are more than 773,603 franchise establishments in the United States, employing more than 8.43 million people, according to Statistica. While retail food franchises like McDonald’s, Krispy Kreme, and Taco Bell may be the first type of business that comes to mind, a franchise can be in almost any industry, including personal services, commercial and residential services, automotive, and business services.