Thu.Mar 09, 2023

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Common Cash Flow Problems And How Small Business Owners Can Fix Them

Lendio

It takes money to make money. You’ll hear this saying often in business, and almost every small business owner knows the challenges of managing cash flow. According to a 2019 Lendio survey, cash flow is the number one challenge small businesses face. Get on top of your cash flow management with the following tips. What Is A Cash Flow Problem? Businesses face a cash flow problem when they have more cash going out than coming in.

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Client Accounting Services Serve Up Confidence for Business Owners

Accounting Department

It is no secret that accounting is rife with complex challenges characterized by number-intensive projects that require extensive educational specialization, experience, and diligence. In short, the average person is not cut out for the role of a professional accountant or bookkeeper. If you own or manage a business of any type, it is in your interest to rely on client accounting services and outsource your accounting and bookkeeping projects to the pros.

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How You Can Use An SBA Loan

Lendio

If you’ve ever wondered what you can use your SBA loan for, the answer depends on which loan type you have. The SBA offers several different loan programs, each of which has its own eligibility requirements. Whether you’re trying to determine which one to apply for or want to know the details of an existing loan, you’ll find all the details you need in this post.

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Incfile Small Business Entrepreneur Grant Winners — Winter 2023

incfile

Incfile is excited to announce the latest round of winners of our entrepreneurial grants. We’re looking for the business leaders of tomorrow, and our Entrepreneur Grant Program gives entrepreneurs a chance to get their projects off the ground.

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How To Create A Successful Business Budget

Lendio

Budgeting is a misunderstood practice. The word “budget” often elicits feelings of financial restriction, but in truth—especially when it comes to business—a successful budget can promote greater fiscal freedom. Planning for how you’ll make money and spend money empowers you to make better business decisions. On the other hand, operating without a budget often results in businesses just throwing cash at their business strategy, like a blindfolded game of darts.

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Ensuring Inventory Accuracy for Your eCommerce Store

Grit

In supply chain management, managing inventory is crucial, but it isn’t always straightforward. Retail firms must thus maintain consistent SKU-level inventory data. There are important factors to consider even if you have a solid track record with inventory accuracy. Continue reading to find out more about ways to increase eCommerce inventory accuracy.

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Inventory Control Systems for Your eCommerce Business

Grit

To run a successful eCommerce business, you must have an efficient system for tracking your inventory. Having an effective inventory control system, you can easily monitor stock levels and purchase additional items as needed. In this blog post, we’ll be discussing the importance of investing in an adequate eCommerce inventory control system for your eCommerce business to ensure that the company is always stocked up with the necessary merchandise while keeping customer satisfaction high.

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The Importance of “Preferred Buyer” Status & Its Role in Supply Chain Finance

The Esker Blog

The tightening of supply chains is threatening businesses globally. Luckily, attaining “preferred buyer” status with suppliers through a supply chain finance program can help keep production – and profitability – moving forward. Over the last few years, supply chain disruptions have brought a screeching halt to the lifting of production and shipping restrictions.

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How Often Does A Credit Score Update?

CreditStrong for Business

When making improvements to your credit score, watching for any small movements can be anxiety-inducing. Credit score updates can happen on a daily basis. However, most people won’t notice it change that often because many credit monitoring tools only update credit scores once per month. We’ll dive in deeper on why and how this happens. How Often Does My Credit Score Change?

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What does remit payment mean in B2B invoice payments?

Chaser

Payment remittance is the process of transferring funds from a payer to a payee. In B2B invoice payments, pay remittance refers to the payment made by the purchaser to settle the outstanding invoice amount due to the supplier. It's hard to understate the importance of pay remittance in B2B payments. Not only is prompt remittance essential to improving suppliers' liquidity and cash flow, but it also allows them to maintain a healthy relationship with their customers.

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Why CFOs are Going All In on Digital Transformation

The Corcentric Blog

Businesses are making strides in leveraging digital strategies to ensure they remain competitive and successful in the coming years.

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Loyalty Begins at the Payment

TreviPay

Driving customer loyalty by providing better omnichannel experiences is not a new idea. Starbucks envisioned the idea of its stores being the “ third place ” between home and work where people could gather in a space that was both familiar, yet also felt highly personal. Over time, Starbucks has been a master at building shared connections that create loyalty and also using technology, like mobile apps, to adapt to an omnichannel world where consumers are on the go and want more choices.