July, 2023

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The CFPB’s Concerns with Medical Debt Credit Cards

RevCycle

The cost of healthcare in the United States is a major financial burden for many people. In fact, medical debt is the leading cause of personal bankruptcy in the country. In recent years, there has been a growing trend of medical debt credit cards being offered to patients. These cards allow patients to finance their medical bills, but they often come with high interest rates and fees.

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What Is A Cashflow Forecast & How To Use It

Know-It Global

Effective financial management is vital for the success and sustainability of any business, and among the key tools used in financial planning and decision-making is the cashflow forecast. It provides valuable insights into the expected inflows and outflows of cash within a specific period. In this article, we will explore what a cashflow forecast is and how businesses can utilise it to make informed decisions.

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Navigating Retirement Savings as a Freelancer: A Comprehensive Guide

Due

An increasing number of people are stepping away from traditional employment and choosing to work as freelancers. The appeal of flexible hours, being your own boss, and having more creative control over your work is undeniable. But with these advantages come specific serious challenges. Unlike people with more traditional employment structures, freelancers don’t have the luxury of an employer-sponsored 401(k).

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Now available: ABAP Platform Trial

SAP Credit Management

Dear SAP customers and partners, dear ABAP developer community, ABAP Platform Trial 1909 is available now. ABAP Platform Trial replaces the former Developer Edition 1909. With ABAP Platform Trial 1909 we want to return to you what the ABAP developer community and many SAP customers and partners were missing for a long time: a standalone ABAP trial offering free of charge which you can use for your own educational purposes, for your own configuration and test setups and as a home for your open s

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What is a profit and loss statement?

Chaser

Profit and loss. Two of the most straightforward ideas in business, especially compared to the complexity of business accounting, are still utterly vital to a company's survival.

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Analysis: Hotel Properties Limited’s SGD Notes

Reorg Blog

Singapore Exchange (SGX) listed hotel operator Hotel Properties Limited’s (HPL) shares are down more than 4% as of July 20 since the company announced that its co-founder and managing director, Ong Beng Seng, was arrested by the Corrupt Practices Investigation Bureau (CPIB) alongside Singapore’s transport minister S. Iswaran on July 14.

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Factoring Companies in Georgia: 4 High Quality Options

FundThrough

When it comes to selecting the best factoring company in Georgia, business owners often face the challenge of finding a solution that addresses their cash flow needs effectively. As entrepreneurs ourselves, we understand this pain firsthand. Identifying a trusted partner that offers quick and seamless factoring services can be a daunting task. While we cannot […] The post Factoring Companies in Georgia: 4 High Quality Options appeared first on FundThrough.

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The Psychology of Saving Money: How to Train Your Brain to Save

Due

It’s called the “$100 Bill Challenge.” Mac Gardner, a financial literacy advocate, shows elementary school students a $100 bill and asks them how they might use it. Nine students out of ten say they would spend it. This says a lot about the psychology of saving money — Gardner says that Americans “are programmed to consume at an early age.” Maybe that’s why it’s so difficult to cut back on those gourmet coffees on the way to work.

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Planning Calendar – CRUD Operations with JSON Data

SAP Credit Management

Hi Readers, Good Day. In this blog post I am going to explain How to Create, Read, Update and Delete appointments using Planning Calendar with JSON Data in BAS (Business Application Studio). Steps includes: Create a JSON Data Create a Planning Calendar and bind the JSON Data to the Planning Calendar. Adding a custom Views to the Planning Calendar. Performing CRUD Operations in Planning Calendar.

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How do I write a debt collection letter? Swipe file samples | Chaser

Chaser

If you find yourself having to write a debt collection letter, you're not in an enviable position. The only person worse off is the recipient of the debt collection letter you're about to send. But we're here to make your position that much easier by providing you with convenient step-by-step guidance on writing the letter, without antagonizing or alienating your customer in the process.

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Effective Strategies to Reduce Debtor Days

Know-It Global

Efficient management of debtor days is crucial for businesses seeking to maintain a healthy cashflow. By implementing effective strategies to reduce debtor days, you can enhance your business’s financial stability and improve overall profitability. In this article, we’ll outline 15 actionable steps that can help you significantly reduce debtor days and optimise your cashflow!

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LLC as a Partnership: What to Know Before You File | Incfile

incfile

Getting a new Limited Liability Company (LLC) off the ground is quite a challenge. At some point, you may even wish you had a partner to share the workload, lend some support, and identify effective solutions to your most demanding problems. However, finding a reliable partner is another challenge in and of itself.

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Enhance Your Construction Job Sheet Management with Bectran

Bectran

Maintaining an organized credit management system and accounts receivable (AR) department is a major key to success in any B2B company, but it’s particularly so in the construction industry. So, why continue to rely on an outdated, paper-based construction job sheet process when so much relies on having an efficient, accurate method in place? Paper-based job or project applications are not only a security risk when stored on premises, but they’re also at risk of being damaged or lost due to natu

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From Broke to Millionaire: Top 10 Money-Making Ventures for College Students

Due

College life brings you the freedom to make new friends, the privilege of exploring new ideas, and, of course, the liberty to earn money! If you hate stereotypical tags like ‘broke students,’ it’s time to realize your million-dollar dream. Moving away from your home and making big changes, you get closer to your financial freedom. How about strategizing a few business ideas and celebrating your independence?

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Register Now, Extensibility in SAP S/4HANA Cloud, Public Edition: Drive Business Agility for Business Success

SAP Credit Management

ERP needs Extensibility! Extensibility is a key capability of every ERP solution, giving customers the power to customize their business processes and allowing partners to enrich ERP with tailor-made solutions, ultimately providing a competitive edge. SAP S/4HANA Cloud, Public Edition, is a ready-to-run Cloud ERP SaaS solution that provides the latest pre-configured industry best practices with continuous innovation and feature delivery.

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10 accounts receivables KPIs you should be tracking | Chaser

Chaser

In an increasingly data-driven business landscape, tracking the right KPIs for your accounts receivable team's performance is an essential assignment that will ultimately influence your bottom line. Understanding that you need to track accounts receivable KPIs is one thing, but knowing which key performance indicators will actively support your business is another.

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Are you getting in your accountant’s way?

blue dot counseling

Cloud accounting requires cloud workflows - the old ways will hold you back! The post Are you getting in your accountant’s way? appeared first on Blue Dot Consulting.

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Do I Need Insurance for My Digital-Only Business? - CoverWallet

incfile

Business insurance is a necessary expense for nearly all businesses that helps keep it protected when the unexpected happens. It’s common practice for brick and mortar, but what about businesses that sell only digital products? The pandemic marked a turning point in digital transformation for many organizations, and the rapid adoption of partially or fully digitized products by consumers means there is a wealth of new opportunities for business owners in the digital space.

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Revolutionizing Credit Management: How B2B Product Automation Boosts Efficiency, Accuracy

Bectran

Automation has rapidly become an integral part of our daily lives. In fact, it’s so ingrained you may not even notice it anymore. Pause for a moment and think about all the automation you have used today, from backup cameras and collision sensors on your car to the robot vacuum cleaner you rely on to keep your house clean while you work.

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Master the Art of Selling: 5 Essential Tips for Success

Due

During my career, I discovered that closing a sale only completes about 20% of the sales process , contrary to the common belief that it constitutes 80%. The remaining 80% encompasses managing and developing strategies, which is equally vital. Here are five insightful tips to enhance your selling prowess and achieve success. 1. Harness the Power of Exponential Sales Instead of hard selling, focus on creating value and exceeding customer expectations to achieve exponential sales.

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Discover a Magical World in ABAP

SAP Credit Management

Presenting The Quest , A Wizard Adventure Game Hello, ABAP community, I’m excited to share with you a project that originated from the SAP Developer Code Challenge held in May this year. This challenge provided an opportunity for exploring open-source development in ABAP, truly pushing the boundaries of what we can achieve with this versatile language.

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6 call scripts to get invoices paid over the phone | Chaser

Chaser

Countless problems plague small-medium businesses, but few are more potentially damaging to businesses' cash flow and survival than late payments. As the market leader in cloud credit control (accounts receivable) with over 7 years of experience helping SMBS tackle collections and late payments, the Chaser team found that 80% of invoices can be successfully collected on time through email chasing alone.

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How to Get Funding for Your Startup Fast

Business Credit

How to Get Funding for Your Startup Fast Are you in the early stages of launching your business and in need of funding? It can be overwhelming when it comes to deciding how to begin or where to apply. In today’s post, we’ll unpack several ways for you to get funding for your business. The […] The post How to Get Funding for Your Startup Fast appeared first on Business Credit.

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25 Business Ideas for Teens in 2023 | Incfile

incfile

Just because you're young doesn't mean you can't get real-world business experience. But with many employers being hesitant to hire underage workers, it can be difficult to find exciting job opportunities.

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Five Marketing Channels For Small Businesses

Lendio

“What marketing channels should my small business use?” We get it: there are seemingly endless ways to market your small business. How do you know which is right for YOU? While there are many different ways to go about marketing, not all of them are right for everyone. Certain businesses perform better than others on some channels. Some of it comes down to the target audience, some of it comes down to the industry, and a lot of it comes down to strategy.

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High Schoolers, Get Financially Prepared for College with this Ultimate Checklist

Due

College life is much more than embracing a transition in your academic life. While cherishing your newfound independence and larger social circle, it’s easy to overlook your financial preparedness. Well, this would be the first time you are planning to live away from your parents. How about creating a budget and managing your expenses as you get the first opportunity to handle your finances?

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Guide to : Handle Deleted Custom Fields from CFL App

SAP Credit Management

Problem Statement: You created Custom fields in CFL APP and transported the same to next landscape. Then, you deleted the fields and created new. Ideally the deletion should get captured in the transport automatically but you see it is not captured. Once you move the transport to quality, you see new fields but the old fields still sitting in quality system although you deleted them from Development system.

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5 proactive credit control strategies to get invoices paid on time

Chaser

Businesses of all scales are threatened by the scale of the current late payment crisis, and repeated research shows that the situation is getting worse. A 2019 study by Xero and Paypal into SME late payments found that 48% of all invoices issued are paid late. Further research by Barclay’s in 2021 found that 58% of SMEs are usually paid late. Just a year ago, research conducted by Chaser found that 87% of businesses are typically paid after their invoice due date.

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E-Invoicing Software & Automation: How Technology Can Transform B2B Transactions

Bectran

As technology continues to evolve, the traditional credit process is becoming more and more obsolete in the 21st century. Credit professionals are turning to automated and digitized processes and workflows to free them from tedious, paper-intensive processes. In the accounts receivable (AR) sector, paper invoices are a thing of the past, because automation technology is the future, and it is transforming the way businesses handle B2B transactions.

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The Last ERP System You'll Ever Need

Accounting Department

Every business owner loves growth. It's simple. But what's not so simple is if the business can handle growth. When businesses are operating on dated enterprise resource planning (ERP) systems, it's easy to outgrow and be throttled back on growth because of it.

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How to Build an Email List to Market Your Business

Lendio

As a small business owner wearing many hats, you often have to juggle multiple responsibilities and tasks at once. To help your business grow, it’s all about making the most of your limited time and resources and finding the solutions with the best returns. There are countless options for marketing strategies, but the most efficient option is relatively simple yet powerful: an email list.