Your Virtual Credit Manager

JANUARY 9, 2024

Two weeks ago we recapped the three most read articles from 2023: identifying red flags, understanding why customers pay late, and the secrets of successful collectors. Then last week we looked at credit hold best practices. From a credit management perspective, these are largely reactive topics. There is nothing wrong with that. In fact, once you decide to sell a customer on open credit, most of the accounts receivable (AR) management tasks that follow have a reactive component.

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Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

Chaser

JANUARY 9, 2024

Late payments are a widespread challenge in the business world, affecting 87% of businesses globally (Chaser, 2022). Particularly for SMEs, this issue can be detrimental, often leading to significant financial instability. In fact, the FSB has reported that delayed payments contribute to the closure of up to 50,000 UK businesses annually. While Chaser's platform has historically centred on email and SMS reminders - contributing to over $7.6 billion in collected payments in 2023 - the landscape o

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Loomis Sayles Credit Research

JANUARY 9, 2024

1. What’s your overall view of the high yield market as we enter the year? Spreads are tight, but we think high yield credit offers compelling carry if the economy can avoid recession this year. Convexity, a measure of the sensitivity of bond prices to changes in interest rates, is something we talk about often. We think it looks really good right now, and we expect it’ll continue to be a nice tailwind for the high yield sector.

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Due

JANUARY 9, 2024

Retirement is a time of life we often associate with freedom, leisure, and the pursuit of dreams long postponed. However, it should also be a time when prudent financial planning takes center stage, especially when it comes to safeguarding your good health. While a long, happy retirement is something we’d all like, the truth is that as we age, the need for specialized, long-term care emerges.

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Deductions 59

Reorg Blog

JANUARY 9, 2024

Analysis: China Jinmao’s, revenue and gross margin is likely to remain weak in the near term, with November contracted sales falling 29.9% year over year to CNY 10.03 billion ($1.4 billion) and average selling price declining by 60.

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Lendio

JANUARY 9, 2024

The e-commerce store is a popular business model due to its low barriers to entry and high potential upside. However, owning one presents unique accounting challenges, and you need to understand them to keep your business running smoothly. Here’s everything e-commerce business owners should know about e-commerce accounting to keep your finances in order, including what makes it different, the primary tasks involved, and what steps to take before opening your store.

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Due

JANUARY 9, 2024

Sometimes, you need to find quick ways to make money , whether for an emergency car repair, an unexpected medical bill, or simply to make ends meet. This is particularly important considering that less than half of Americans could cover a $1,000 emergency expense without using a credit card. While no quick-money scheme will give you $300 overnight, there are several legitimate ways to earn extra cash, such as the following 21 quick financial solutions. 1.

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Medical Billing Credit and Collections 52

Reorg Blog

JANUARY 9, 2024

The post Analysis: China Jinmao’s Declining Contracted Sales, ASPs Suggest Revenue, Margins to Remain Weak; Sinochem HK ‘Beneficial Ownership’ in Jinmao Likely Less Than 50%, Weakens Cross-Acceleration Linkage And Parental Support Incentive appeared first on Reorg.

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Cpcmcredit Blog

JANUARY 9, 2024

As someone who has followed the revolting Post Office/Horizon scandal since the first story first broke in Private Eye and has been extensively covered by the Times since, I am more than delighted that the apparently superb and certainly game changing ITV Drama Mr Bates versus the Post Office (which admittedly I haven’t watched yet), has jolted the establishment into action.

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