The Red Spectrum

MAY 2, 2023

Running a small business requires significant investment, whether it is financial or non-financial. However, financial investment is the most essential aspect of any small business venture. A small business credit card is one of the key financial tools that small business owners can utilize to manage expenses. Small business credit cards offer numerous benefits, such as cashback rewards, travel perks, and expense management tools.

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Small Businesses Credit Scoring Transactions 65

Hilton Baird

MAY 24, 2023

For many businesses, offering credit terms to customers is a necessary evil. Yet this one solution can solve each of the challenges. The post How to overcome the challenges of offering credit terms appeared first on Hilton-Baird Collection Services.

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Small Businesses 52

Onguard

MAY 24, 2023

Predicting the future credit landscape is always difficult for companies, even in the best of times. However, it is clear that the quality of available data and the way it is delivered and used will determine this future picture. Live and up-to-date data are therefore crucial for financial professionals who want to make the right choices and minimise risks.

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Credit Risk Credit Management Order to Cash Transactions 52

Your Virtual Credit Manager

MAY 30, 2023

Paper based commerce, where invoices and payments are delivered via Postal Service mail, is slow and costly. Customers increasingly prefer electronic transactions. Some even require it, especially for invoicing. Moreover, most European nations now require electronic invoicing by law. Increasingly, electronic payments are replacing checks in B2B scenarios.

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Electronic Funds Transfer Credit and Collections Vendor Portals Credit Management 130

Due

MAY 7, 2023

Artificial intelligence research has accelerated in recent years, and people are interacting with AI more frequently. In-home AI assistants and self-driving cars were once things out of science fiction but are now becoming a reality. Some researchers and activists wonder if AI is nearing the point of sentience, the ability to think and feel on the same level as humans.

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Insurance Companies 122

incfile

MAY 31, 2023

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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Small Businesses 98

Chaser

MAY 25, 2023

While it looks like the UK will avoid a full-on recession this year , the economic environment is uncertain due to interest rates rising to their highest level since 2008 and inflation leading to an increased cost of doing business.

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Know-It Global

MAY 19, 2023

Glasgow-based fintech Know-it has launched a new national TV ad campaign in partnership with STV. Having won the prestigious Startup Summit award, Know-it were awarded airtime on STV to reach a national audience on primetime television. Know-it is a cloud-based credit management platform that streamlines the complete credit control process, enabling users to credit check and monitor, chase for payment, collect overdue unpaid invoices and more, working with the likes of Creditsafe, Companies Hous

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Credit and Collections Credit Risk Credit Management 98

NorthOne

MAY 17, 2023

Recently, we interviewed Jarod Coffman, the 21-year-old YouTube creator, Instagram construction influencer, and lead framer of Coffman Construction. Jarod has 40,000 followers between his YouTube and Instagram accounts where he shares framing and carpentry tips as well as his latest home projects. In this interview, Jarod shares tips for bidding on projects effectively, advice for young people entering the trades, his motivation for sharing construction information through engaging videos, and h

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Due

MAY 30, 2023

Are you approaching retirement and feeling overwhelmed by the financial decisions you need to make? Do you want to ensure that your retirement years are comfortable and stress-free ? If so, finding the right retirement advisor can be crucial to achieving your retirement goals. However, with so many options available, it can be difficult to know what to look for in a retirement advisor.

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Credit Absolute

MAY 15, 2023

Debt settlement, which is also referred to as debt negotiation or debt arbitration, is a process whereby a creditor agrees to reduce the total amount of debt owed and in return, the borrower pays the rest in a lump sum. This typically involves the creditor waiving interest and fees on the debt. Debt settlement can […] The post How Does Debt Settlement Work?

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Plooto

MAY 24, 2023

Smart cash management strategies are required for businesses of all sizes to succeed. Small businesses are particularly vulnerable to running out of cash due to economic downturns, poor cash flow management , and inadequate long-term planning.

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Small Businesses 98

Chaser

MAY 23, 2023

Sending your customers a payment confirmation is an incredibly powerful manoeuvre that all businesses should be doing. This is because this type of ‘confirm receipt’ can be used to thank them for their payment, which is an almost panacea in your credit control arsenal. Indeed, a cleverly crafted confirmation where you acknowledge payment and thank your customer for it can have positive impacts in a whole range of areas.

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Know-It Global

MAY 15, 2023

Team Know-it have just returned from an amazing trip down to Accountex London! We had a great time talking to new and existing clients whilst showing new audiences how Know-it helps businesses mitigate credit risk, reduce debtor days and boost cashflow. Are you an accountant? Know-it helps accountants and bookkeepers better serve their clients by allowing them to automate their complete credit control process.

Credit and Collections 98

Credit and Collections Credit Risk Credit Management 98

Gaviti

MAY 30, 2023

Accounts receivable is one of the most critical roles in your business. How well your team handles collections determines whether you have the cash to make payroll, pay taxes, and cover other financial obligations. Receivables management can also become incredibly complex and high-risk. This risk compels savvy business managers to consider whether they should use accounts receivable outsourcing or turn to management software.

Credit and Collections 98

Credit and Collections Cybersecurity Bankruptcy 98

Due

MAY 30, 2023

The era of social media is upon us. While most of us enjoy sharing our joyous moments and memories with the world through social media platforms, a substantial number of individuals feel obligated to show off their rich possessions and lifestyle on the internet. Now that’s fine when you are wealthy and earning well enough to back your expenses.

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Medical Billing 119

Skogen Capital Lending

MAY 16, 2023

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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tillful

MAY 12, 2023

A poor business credit score or thin credit history can get in the way when applying for small business loans. This is especially true in higher interest rate environments, when lenders pull back on credit (like now). Traditional banks and financial institutions often don’t provide financing for businesses with bad credit scores or weak credit histories (either due to short time in business, or the presence of derogatory marks such as liens).

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses Default 98

Chaser

MAY 22, 2023

Are outstanding invoices causing chaos for your business? You're not alone if you're a business owner facing this issue. In fact, in the UK alone, over £23 billion of outstanding payments are due to companies across Britain ( Small Business Commissioner ), with over 55% of payment requests taking place outside of the working day (QuickBooks).

Small Businesses 98

Small Businesses 98

incfile

MAY 8, 2023

An investment LLC is a type of business entity that is created in order to invest through your company. Also called a Limited Liability Company, an LLC is a simple type of business entity that lets you put certain rules and regulations in place with the other members of your investing club.

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Plooto

MAY 9, 2023

In today's turbulent, disruptive times, businesses must stay financially agile. Effective liquidity management enables companies to make quick decisions, manage risk, and capitalize on business opportunities. In a   recent survey with Forrester , more than 80% of the companies indicated that liquidity management is a priority.

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Due

MAY 4, 2023

One of the biggest positives of getting a company up and running is the ability to give back. Your ability to fund local, national, and global causes can pay off in myriad ways. But it’s essential that before you write your first check that you do a little behind-the-scenes work. The last thing you want is to make an avoidable misstep in setting up your corporate philanthropy efforts.

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Gaviti

MAY 9, 2023

We are thrilled to announce the launch of our latest addition to the Gaviti accounts receivable collections platform: the Credit Management Module! At Gaviti, we understand how crucial it is for you to maintain a healthy cash flow, minimize credit risk, and ensure timely payments from your customers. With this new module, we aim to empower your business by providing you with the tools and insights to make better credit decisions and enhance your overall credit management strategy.

Credit and Collections 98

Credit and Collections Credit Management Dashboards Payment Portals 98

SSI Healthcare Rev Cycle Solutions

MAY 24, 2023

May 24, 2023 9 Essential Questions Revenue Cycle Leaders Should Be Asking About Their Claims Clearinghouse Vendors Welcome to the world of healthcare revenue cycle management, where every aspect of your business is crucial to success. It’s not just about having any partner but having the right partner that can make all the difference. At times, settling for a vendor that is simply “good enough” might seem like the easiest option, but it can ultimately hold your organization ba

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Sky Business Credit

MAY 2, 2023

DOWNERS GROVE, Ill., May 1, 2023 – Sky Business Credit announced the promotion of Beverly Milici to Vice President of Operations. She will continue to ensure clients are receiving the highest possible level of credit and collections service. In this new role, her responsibilities will be expanded to include more oversite of the credit & operations side of the business as well as more responsibility toward its overall success.

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Credit and Collections Transactions 98

incfile

MAY 1, 2023

Too many fiscal responsibilities? Worried about cash flow? If that sounds like you, you're certainly not alone. But opening a business bank account is one simple, headache-free way to combat these stressors and lessen your load.

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The Esker Blog

MAY 16, 2023

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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Invoice to Cash Cash Applicator DSO Credit and Collections 98

Due

MAY 4, 2023

Every retiree or anyone who is in the process of retiring is concerned about the cost of health care. As reported in T. Rowe Price’s Retirement Savings and Spending Study (2021) , retirees’ top three spending concerns are the following — in order of importance: Paying for long-term care The cost of health insurance Out-of-pocket health care costs According to some of the leading experts, retirement healthcare costs will be astronomical.

Deductions 115

Deductions Insurance Companies Credit and Collections 115

StackSource

MAY 17, 2023

CEO Tim Milazzo explores the mantra "Slow is smooth, smooth is fast" and its application in commercial real estate dealmaking, highlighting the importance of precision, preparation, and efficient processes for achieving accelerated outcomes.

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Waystar

MAY 19, 2023

The healthcare RCM process becomes more complex each day — and that complexity is compounded by external pressures. “In today’s market, so many factors affect efficiency in the healthcare RCM process,” says Christine Fontaine , Waystar Solution Strategist. “Staffing issues can lead to longer time-to-payment. Ever-changing payer rules and insufficient edits can lead to staff frustration.

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Transactions 98

Chaser

MAY 17, 2023

As the late payment crisis deepens, wholesale business owners have struggled to pay their invoices on time. Late payments can wreak havoc on a company's cash flow and put them in danger of being unable to pay their suppliers or make payroll.

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