August, 2023

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6 Ways Electronic Payments Optimize Your Accounts Receivable Process

Bectran

Managing your accounts receivable process is a pivotal aspect of maintaining a healthy financial ecosystem for your business. In the pursuit of effective cash flow management, embracing modern solutions becomes paramount. Traditional methods of managing payments can often be time-consuming, error-prone and costly.

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The Importance of Working Capital Management for Your Business

Eagle Business Credit

Many business owners focus on the numbers on their balance sheet without paying attention to their cash flow needs. To keep your company running and help you expand your business, you must take charge of your working capital. Otherwise, you risk financial insolvency. What Is Working Capital? A company’s working capital is the money that is used to finance its daily operations.

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Are Airline Credit Cards a Good Idea (Pros & Cons)

Credit Absolute

Airline credit cards are credit cards that are used by frequent flyers for their airline-specific perks. They are provided by card issuers, working jointly with a particular airline to reward their customers for both their loyalty and for paying for their travel and other expenses using the card. With airline credit cards, you earn a […] The post Are Airline Credit Cards a Good Idea (Pros & Cons) appeared first on Credit Absolute.

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Hospitals Fail to Comply with Price Transparency Rule

RevCycle

The Hospital Price Transparency Rule was enacted in 2021 with the goal of making hospital prices more transparent for patients. The rule requires hospitals to post their standard charges, negotiated rates, and cash prices for 300 common services online in a machine-readable format. However, more than two years after the rule went into effect, many hospitals are still not in compliance.

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gamescom 2023 with SAP and Team Liquid: Connect Gaming, Analytics, Passion, and Career

SAP Credit Management

I spent last weekend at the SAP booth at my first ever gamescom in Cologne. Read on to find out what I’ve learned. Gamescom is the world’s largest expo for video games and an event for people who love to stand in queues. More than 1200 publishers, e-sports teams, cosplay suppliers and other companies related to the gaming industry presented their work to the over 320 000 visitors.

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How to get your invoice paid if your customer has gone insolvent

Chaser

Every year, over 4000 businesses go insolvent in the UK alone. In light of the ongoing late payment crisis, businesses are under more pressure than ever, leading to an increase in the number of insolvent companies.

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Create a bespoke Aged Creditors report in QuickBooks

blue dot counseling

This short video will show you how to create a bespoke Aged Creditors report in QuickBooks. You and your clients and colleagues can use your Aged Creditors report to:​ Manage supplier payments and maintain a good payment record with them​ Identify suppliers’ invoices you are disputing​ Keep on top of cashflow​ Identify odd balances […] The post Create a bespoke Aged Creditors report in QuickBooks appeared first on Blue Dot Consulting.

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Empowering B2B Success: TreviPay Customer Stories 

TreviPay

Let’s dive into the stories of the businesses that have harnessed the power of TreviPay to elevate their payments operations to create lasting relationships with their clients. 1. Lenovo: Enabling Flexible B2B Sales In the dynamic world of technology, global giant Lenovo sought to revolutionize its B2B sales strategy. By partnering with TreviPay, they achieved much more than they anticipated.

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Downsizing and Rightsizing: How to Simplify Your Life in Retirement

Due

Part of retirement means re-evaluating your needs and transitioning to a new chapter of life. This downsizing process can be emotional as well as beautiful. Evaluating what you need out of your home can be one of the most freeing and stressful tasks. When you first buy a home, you plan for a family and a vibrant career. You looked for rooms for your children, maybe a backyard for a dog (or even some chickens).

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Improving the Recruiter Experience: Explore the Reimagined Applicant Management Tool – Available Now!

SAP Credit Management

Recruiters and hiring managers are constantly trying to work more efficiently and quickly – so that that they can spend their time on valuable connections with potential candidates. Searching for and filtering through pools of applicants can be a tedious and time-consuming task, that slows down the hiring process and frustrates recruiters. To address this, we have redesigned the Applicant Management tool to improve the recruiter experience, drive efficiency, and accelerate the screening and hiri

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What Makes Up a Good Invoice?

Sky Business Credit

A good invoice is necessary for a few reasons: It’s a legally enforceable agreement between a business and its clients for services or products rendered and payment owed. It helps to ensure prompt payments. It helps businesses track sales and manage finances. It helps businesses maintain a strong professional image An invoice is a legal document that can take many visual formats, but a good invoice includes three key elements: Business and Purchase Order Information This includes your business n

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Pros and Cons to Each BigCommerce Plans in 2023

Grit

BigCommerce, a prominent player in the field, offers a range of plans designed to cater to businesses of all sizes. As you navigate the sea of options, it’s essential to weigh the pros and cons of each BigCommerce plan to make an informed decision. This article blooms the advantages and disadvantages of each project, shedding light on what they offer and where they might fall short.

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Set up an Accounts Calendar. It’s about time (and money)

blue dot counseling

Introducing the Accounts Calendar to your workflow adds a regular layer of financial management that's re-enforcing the twin pillars of financial success - cashflow and profitability. The post Set up an Accounts Calendar. It’s about time (and money) appeared first on Blue Dot Consulting.

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10 tips to draft an accounts receivable policy for a small business | Chaser

Chaser

If you're running a small business but spend every month stressing about your cash flow, then it's probably time to reassess your accounts receivable policy. With just a few simple adjustments, you'll be able to develop a more secure process with credit control software that makes your life that much easier. You're free to focus on your real business goals by taking away the administrative hassle of accounts receivables.

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25 Things Frugal People Do (That You Aren’t Doing and Should!)

Due

Frugality is not a dirty word, even though it’s gotten a bad rap. Why? There is a misconception that being frugal means being cheap. However, that’s not really true. Rather, a frugal person keeps an eye on their spending and does not take on more debt than is necessary. In fact, this is a trait many millionaires possess. According to Thomas Corley , who studied rich people’s habits for five years, wealth is built by avoiding lifestyle creep and focusing on frugality.

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Modern JavaScript testing frameworks with Fiori/UI5 – Overview

SAP Credit Management

This is going a blog series where I want to show how modern JavaScript test frameworks could be used to test SAP Fiori/UI5 apps and libraries. To make it more digestible, I’ll slip it into 4 parts: Overview Jest (coming up on Wednesday) Vitest (coming up on Thursday?) Node Test Runner (coming up on Friday?) After 10+ years of helping the js community, Karma has been deprecated and won’t get new features.

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Dealing With Trade Debtors To Get Paid Quicker

Know-It Global

One of the challenges businesses face is managing trade debtors, as unpaid invoices can significantly impact cashflow and hinder growth. However, it is essential to handle this delicate situation carefully to maintain positive relationships with your clients. The most effective way to maximise cashflow is by enhancing your credit control process ! In this article, we will explore effective strategies for dealing with trade debtors and getting paid quicker while preserving your business relations

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Guide to keep track of your BigCommerce Product Availability

Grit

As an eCommerce business owner, effectively managing product availability is crucial for providing a seamless shopping experience to your customers. This comprehensive guide will explore how to efficiently monitor and control product availability in BigCommerce. By understanding the significance of product availability and implementing the right strategies, you can ensure that your customers have a positive shopping experience and increase the likelihood of conversions.

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What Can You Do When a Bank Turns You Down for Equipment Financing?

Team Financial Group

Facing rejection from a bank for equipment financing can be disheartening and frustrating, especially when you have a solid business plan and a clear vision for your company’s growth. As a business owner, you understand the importance of acquiring the necessary equipment to enhance productivity, expand operations, and stay competitive in the market.

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What is bad debt?

Chaser

In 2022 alone, SMEs (small and medium enterprises) in the UK alone wrote off £5.8 billion in bad debt alone! According to research by insurer Direct Line, 19% of SMEs have written off bad debt to the tune of £31,330 of unpaid bills, while 9% have written off debts in excess of a crushing £100,000. This insight into the scale of bad debt being written off is supported by Bibby Financial Services (BFS) research, indicating that 27% of UK SMEs had written off bad debt in the preceding 12 months.

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School of Fintech: Managing Your Finances as a College Student

Due

An exciting transformative period awaits you as you brace up for your college life. It’s more than an academic journey, given that more significant social and financial exposure requires you to cultivate responsible money-management skills. You might sometimes feel overwhelmed as you try to balance your social life, studies, and financial responsibilities.

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ABAP & http, why can’t we just have something nice?

SAP Credit Management

As noted in the last section of ABAP & Excel, why can’t we just have something nice? its not only Excel that is a challenge, its the same with JSON and http. This blog post focuses on http, which is difficult to get working everywhere. As noted by Martin Pankraz in SAP S/4HANA Cloud ABAP Environment integration journey with Microsoft – Part 1 – Microsoft Teams approval , there is currently no http client released in S/4 HANA Private Cloud.

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17 Ways To Build Strong Relationships With Financial Partners

ForwardAI

Originally featured on Forbes. It’s no hidden secret that collaboration is critical for any business, especially when it comes to fostering relationships with financial partners. Leaders need the help and expertise from their financial institutions, auditors, and external stakeholders to achieve financial growth. However, it can’t be a one-way street.

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5 Sales Automation For Your BigCommerce Store This Labor Day

Grit

Labor Day might signal the end of Summer and grilling season, but for many, the weekend sales and deals are the perfect time to stock up on Fall and Winter essentials. If you’re running an online store, now is the time to build a winning Labor Day sales campaign with automation. These 5 Sales Automation workflows for your BigCommerce store will boost your revenue while letting you enjoy the weekend to the fullest. 1.

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Top Invoice Factoring Companies in Michigan

FundThrough

As business owners, we’re all too familiar with the challenges of maintaining cash flow. Waiting for accounts receivable can slow your business’s progress and ability to seize new opportunities. In cases where you need more reliable cash flow for payroll, big projects that will grow your company, equipment, or any other expense, factoring can be […] The post Top Invoice Factoring Companies in Michigan appeared first on FundThrough.

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Why offering multiple payment options helps get invoices paid faster

Chaser

Are you struggling with constant late payments from your customers? Is a lack of cash flow caused by those late payments stifling the growth of your business? If so, you may want to consider offering multiple payment options.

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Loans 101: A Graduate’s Guide to Taking Out and Paying Off Loans

Due

Most of us understand the basics of loans already. You need a certain amount of money, so someone lends it to you, and you eventually pay them back with interest attached. However, the process of taking out, consolidating, and repaying loans is much more complicated. In this article, we’ll review some of the essential information you should have as a young adult considering taking out a loan.

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Modern JavaScript testing frameworks with Fiori/UI5 – Vitest

SAP Credit Management

This is a blog series on exploring modern javascript testing frameworks in Fiori/UI5 context. In this one, we’ll see how to use Vitest to unit test Fiori/UI5 apps and libraries. We’re going to use the openui5-sample-app which already has QUnit tests, therefore we can convert them to Vitest and compare the results. I’m assuming you’re git cloning [link] and creating a new branch to try it Overview Jest Vitest Node Test Runner (coming up on Friday?

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How to get paid on time: Tips from a debt collection agency

Hilton Baird

This blog shares valuable tips, insights and strategies to help you to secure more timely payments from your customers. The post How to get paid on time: Tips from a debt collection agency appeared first on Hilton-Baird Collection Services.

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Atom8 vs Product Merchandiser – Best Tool for BigCommerce Product Merchandising

Grit

The art of presenting products enticingly and strategically can significantly influence customer engagement and conversion rates. To excel in this domain, specialized tools have stepped onto the stage, offering BigCommerce store owners the means to elevate their product presentation to new heights. In this article, we’ll draw a picture of the significance of product merchandising, introduce two powerful tools, Atom8 and Product Merchandiser for BigCommerce , and compare their features to d

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Increase Cash Flow and Efficiency with Bectran’s Invoicing, Billing and Payments Solution

Bectran

Cash flow is the lifeblood of a business ­— and ensuring the cash continues to flow steadily is the only way to maintain a healthy, successful business. Accounts receivable (AR) is a critical piece of the cash flow puzzle and sustainable, efficient AR processes can make or break your business. That’s why it’s crucial to have an integrated, seamless and holistic AR ecosystem.