Your Virtual Credit Manager
OCTOBER 25, 2022
Photo by Ramiro Mendes on Unsplash Remittance processing is a true “back office” process. If everything goes according to plan, nobody notices. However, any departure from the routine can lead to posting delays in addition to impacting future revenue and cash flow, alienating customers, and increasing administrative costs. Who would’ve thought?
Abrigo
OCTOBER 17, 2022
Abrigo announced the retirement of Chief Executive Officer Wayne Roberts and the company’s search for its next CEO. . Roberts, who joined the company in 2016, is stepping back to focus more time on personal interests and passions. In addition to dedicating himself to growing the company over the past 6 years, Wayne served as the primary caregiver to his wife, Shannon, during her battle with glioblastoma brain cancer.
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Enterprise Recovery
OCTOBER 14, 2022
When making the decision to use commercial debt collection services, businesses should be choosy. Not only are you selecting a company that should be efficient in recovering what's owed to you, but your brand reputation is also at risk. The collections specialists will be speaking to your clients on your behalf. It's imperative that they're able to be a fair but authoritative representation of your company.
Lockstep
OCTOBER 19, 2022
We all know how frustrating email can be. Sometimes it just doesn’t work as you want it to. In Part I Email Blunders That Cost Accountants Time and Money of this series, we took a look at some of the most common email blunders that can cost accountants time and money. In Part II, we’ll take a look at some more email blunders that can trip up even the most experienced accounting teams.
TreviPay
OCTOBER 31, 2022
The challenge – adapting to grow B2B Business. When a successful B2C business decides to grow its B2B business, the payment types offered to new customers can be decisive in its success. Plank Hardware is a three-year-old London-based design brand manufacturing high-quality design details for the modern home. The first years of the business were focused on serving the B2C market.
Emagia
OCTOBER 31, 2022
What is Autonomous Finance vs Automated Finance? There are many different ways you can explain autonomous finance. Isolated process automation is like a top-end car having several automatic features, but is entirely different from a self-driving autonomous car which handles almost all the driving operations by itself. In the same way, the trend of companies automating certain operational processes and workflows in bits and pieces using robotics process automation (RPA ) has been there for some t
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Abrigo
OCTOBER 28, 2022
Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." WATCH. Takeaway 1 Signs point to increased loan modifications and loan workouts, and regulators have urged financial institutions to work prudently with borrowers. .
Enterprise Recovery
OCTOBER 1, 2022
Growing a new company isn't for the faint at heart. Employees must be passionate, willing to go the extra mile, and work long hours as part of a cycle of endless expectations. With so many American employees complaining of burnout and " quiet quitting ," startups are facing the same struggles as enterprise companies. Use these tips to inspire your startup employees to stay engaged.
Credit Management Group UK
OCTOBER 23, 2022
Back door hiring effects many recruitment firms. This is where an employer takes on a candidate that you have introduced, without telling you, in an attempt to avoid paying the agreed fee. Backdoor hires like this can happen if you have sent a CV with the candidates’ personal details on them. It can also happen after the employer has interviewed a candidate.
GoCardless
OCTOBER 31, 2022
Scaling fast and deciding whether to buy or to build your payments and billing solution in-house? In this webinar we unpack the financial impact of building and managing your payment and billing solution in-house.
billtrust
OCTOBER 31, 2022
Blog Post. Blog Post. What is life at Billtrust like for Enterprise Architect Zach Roberts? Share with your network: Mail. LinkedIn. Facebook. Twitter. Formed and refined by two decades of stability and growth, Billtrust’s company values help shape our culture of innovation, accountability and work-life balance. And that culture is driven by the quality and the diversity of people on the Billtrust team.
Your Virtual Credit Manager
OCTOBER 4, 2022
Photo by Ben Cliff on Unsplash A key objective of Accounts Receivable (AR) management is minimizing past due AR to ensure cash in-flows and minimize bad debt losses. Delinquent payments from customers create cash flow shortages, a need to borrow funds and pay interest (at increasing interest rates), and a significant work requirement to accelerate the la… Read more.
Abrigo
OCTOBER 18, 2022
Streamlining the construction loan process Construction d raw s oftware helps lenders and contractors to automate the construction loan management. . You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 Construction draw management software can increase lender efficiency and reduce risk by saving time.
Enterprise Recovery
OCTOBER 7, 2022
If we think of cash flow as important as oxygen to the human body, then accounts receivable is as important as the lungs. When extending credit to clients or invoicing them for goods and services, we're expecting pure, clean cash to flow back into our business. If invoices remain unpaid or the client's credit is unreliable, then the cash flow becomes clogged, effectively killing the business.
Credit Management Group UK
OCTOBER 31, 2022
This is our next instalment in our series of case studies to help recruitment firms get paid for back door hires. In this instalment, we show that it is important to have processes in place to capture all information to use as leverage to get paid. As previously employed as a Credit Manager by a national recruitment firm and working for many recruitment firms since setting up CMG UK, we have a vast amount of experience in making sure our clients get paid.
Serrala
OCTOBER 31, 2022
Combine Cash Application and S/4 Hana Implementation. katherine.rand…. Mon, 10/31/2022 - 15:52. Improve Cash Flow for the US Manufacturing Finance Industry. Combine Cash Application and S/4HANA Implementation . . Schedule a Demo. The Great Digital Transformation for Manufacturing Finance. Digitization of the manufacturing finance space in the United States has produced incredible benefits.
MNS Credit Management Group
OCTOBER 31, 2022
Introduction. The barter system, wherein people used to exchange commodities and services, is when the idea of indebtedness first emerged. What if one or both parties fail to deliver the promised products in exchange for the promised goods, necessitating the necessity to assert the debt? Since 2005, there have been several incidents involving unpaid debt in the UAE, but not every one of them presents an economically feasible opportunity for a corporation or individual to initiate a civil lawsuit
ForwardAI
OCTOBER 31, 2022
This October at The Fintech Times is all about the incredible women working in the fintech industry. With women still forming only around 30 per cent of the workforce, it’s important to spotlight those who are working to make a change and blazing a path for those to follow. We hear from Rachel Hunt, Brandi Gatlin, Sarah Wielens, Lisa Gutu, and Katie Hayes about how they are smashing the glass ceiling.
Abrigo
OCTOBER 18, 2022
Top benefits of construction loan software for bankers and clients Why many banks and credit unions are turning to fintech for construction loan automation. You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 Construction loans are considered risky because they involve long-term exposure to collateral, often with no other tangible assets.
Plooto
OCTOBER 31, 2022
Change is difficult for any business looking to grow, but AP automation can help make those changes smoother. Traditional accounts payable has relied heavily on paper-based invoices, manual data entry and a process that was prone to errors, costing companies valuable time and profit.
Hilton Baird
OCTOBER 31, 2022
With Halloween upon us we look at 7 credit control mistakes that will haunt your business and show how to stop them from keeping you up at night. The post 7 credit control mistakes that will haunt your business appeared first on Hilton-Baird Collection Services.
FundThrough
OCTOBER 28, 2022
Tired of keeping track of your entire business in your head? Ready to start making business decisions based on facts instead of pure gut feeling? Then the first thing you need to do is begin properly tracking your business expenses. Business expenses are just things your business spends money on to keep operating. They include […]. The post How to Keep Track of Business Expenses appeared first on FundThrough.
Inc. Authority
OCTOBER 28, 2022
With so many Americans stuck at home with nothing to do during the pandemic, new hobbies became quite popular. In fact, more than half of American adults took on a new hobby during COVID-19, according to a report from LendingTree. … Continue reading → The post Understanding the Tax Rules Surrounding Businesses and Hobbies appeared first on Inc Authority.
MSCCM
OCTOBER 27, 2022
The importance of data contribution is often misunderstood or undervalued in the commercial credit sector, which may deter individuals from exploring this concept further. Data contribution — especially combined with proper portfolio management — is crucial to getting the most out of the commercial credit experience, for credit professionals and clients alike.
Abrigo
OCTOBER 14, 2022
Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." DOWNLOAD. Takeaway 1 Loan modifications training, automating processes, and updating policies and procedures can help prepare organizations for change.
NorthOne
OCTOBER 26, 2022
If you’ve ever tried to start a business, you know there’s a lot more that goes into it than picking a name and collecting money from customers. One of the first steps in starting an LLC is filing your articles of organization with the state. Keep reading to learn how to find your articles of organization and how to go about filing them. The basics of articles of organization.
billtrust
OCTOBER 27, 2022
Blog Post. Blog Post. How to get paid faster: 10 pro tips to optimize payments. Share with your network: Mail. LinkedIn. Facebook. Twitter. What you’ll learn. A quick primer on payment processing The five steps of payment processing grief 10 steps to get paid faster How do you motivate customers to pay? How to control a negotiation. Are you tired of waiting months for your clients to pay you?
lsq
OCTOBER 27, 2022
When Drew Vanderriet graduated from university with a mechatronics degree, he made a (literal and figurative) surprising move: instead of taking an engineering job in his native South Africa, he packed up and moved nearly 8,000 miles away to teach English in South Korea. “At the time, I was not interested in the job opportunities that were available for me in South Africa, which was mostly working in the automotive factories,” Drew said.
TreviPay
OCTOBER 27, 2022
Tough times tend to bring out the best in people – and organizations. Many corporate finance functions and treasury teams thrived during the uneasy early days of the global pandemic. Some of the liquidity management adjustments finance and treasury leaders made in response to pandemic-related uncertainties are now proving valuable to their organizations in the face of new forms of volatility.
Gaviti
OCTOBER 27, 2022
An accounts receivable (A/R) analysis report is a tool used to assess your A/R in aggregate, giving you a better understanding of cash flows. A complete accounts receivable analysis cannot be achieved with one method, so teams will need to combine several techniques. Fortunately, analysis of receivables is straightforward enough with the right tools behind you.
Abrigo
OCTOBER 4, 2022
Financial institutions must plan to take advantage of rising rates. Several factors make this rising-rate environment different, so strong asset/liability management is critical for increased earnings. You might also like this checklist, "6 Reasons to update your core deposit analysis." DOWNLOAD . Takeaway 1 Banks and credit unions can increase earnings in a rising-rate environment with careful asset/liability management.
NorthOne
OCTOBER 26, 2022
Cold calling might not be as popular as it once was, but it still works. Calling up potential customers to sell them goods and services stands out these days—but how can you make cold calling more effective? These cold calling statistics will help you determine whether cold calling is right for you and how to best refine your strategy. From cold calling success rates to how many cold calls it takes to make a sale, the following statistics should be enlightening for businesses and marketers. 1. 8
Skogen Capital Lending
OCTOBER 26, 2022
As a businessperson , you have much on your plate. No matter how much gets squared away, you never seem to clear your to-do list. Your venture would perform better if only you were able to complete more. Fortunately, you can. Incorporating the following productivity hacks into your working life may see you getting incredible amounts done. Start Days Sooner.
Headway Capital
OCTOBER 26, 2022
A good credit score can make all the difference. Lower interest rates. Better deals. Greater chance of approval. And this. The post How to Improve Your Personal and Business Credit Scores appeared first on Headway Capital Blog.
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