Fundera

NOVEMBER 10, 2020

In all of the business planning you’ve done, you might not have thought about how to hand over your stake in the business when you retire or move on. Or, in a worst-case scenario, what happens to the finances when selling your business in the event that you’re incapacitated or die. Hard stuff to think about, but it’s better to have a plan for selling your business in these cases—known as a buy-sell agreement—than be left unprepared.

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Bankruptcy 116

Abrigo

NOVEMBER 12, 2020

Key Takeaways FinCEN reissued their Geographic Targeting Orders (GTO) that were originally issued in May 2020. The purchase price of residential real estate under this GTO remains at $300,000. Real estate lending BSA training should include GTO guidance. On November 4 , 2020 , t he Financial Crimes Enforcement Network (FinCEN) reissued their Geographic Targeting Orders (GTOs) to include the same 12 metropolitan areas issued in May 2020.

Insurance Companies 78

Insurance Companies Transactions 78

Priority Credit Management Corporation

NOVEMBER 19, 2020

As any accounts receivable/credit professional knows, back-up documentation is a huge factor in determining successful collections. As PCMs Production Manager, I can say without a doubt that the clients who provide us with solid backup enjoy much more recovery success than clients where it is difficult for us to justify the debt and fully understand the situation due to a lack of information.

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Credit and Collections Credit Application Credit Management 52

blue dot counseling

NOVEMBER 11, 2020

2020 has tested all of us in business and as we navigate a second lockdown with Brexit round the corner this is no time for any business to be held back by poor financial management. The post Help us help a friend and receive a magnum of champagne on us! appeared first on Blue Dot Consulting.

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StackSource

NOVEMBER 15, 2020

An explanation of this key commercial real estate term, and an example of how different investors get paid out on a deal.

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GoCardless

NOVEMBER 16, 2020

Discover more about the state of recurring payments across the globe in this exclusive report.

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Abrigo

NOVEMBER 9, 2020

Key Takeaways Effective loan administration will protect margins and balance sheets at banks and credit unions as they handle the effects of the pandemic-induced economic crisis. Sound loan administration software or systems will generate accurate, timely information in a secure environment. Your loan administration should help detect emerging problems and improve auditability.

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Credit Unions Credit Risk CECL 78

Priority Credit Management Corporation

NOVEMBER 12, 2020

When you jump on a collection call, you will be met with two types of people: 1. Those who intend to pay and return the communication to you, and, 2. those who don't intend to pay and will ghost you after the first call. How can you tell right away which one you're talking to? One of our Credit Advisors says: "I can gauge if I will be ghosted or if they intend to pay by asking one question when I get them on the phone": Have you talked to my client?

Credit and Collections 52

Credit and Collections Credit Management 52

Fundera

NOVEMBER 11, 2020

It’s been an incredibly difficult year to be a small business owner in America. The coronavirus pandemic has put business owners in the impossible position of balancing the health and safety of themselves, their employees, and their customers with their financial obligations and livelihoods. . On top of all that, federal government support has virtually dried up now that the Paycheck Protection Program (PPP) is, as of this writing, closed.

Small Businesses 98

Small Businesses 98

Fundera

NOVEMBER 7, 2020

A bridge loan is a short-term business loan , or a medium-term loan that you can pay off early. It’s meant to tide you over until another source of capital is incoming, whether that’s a financial opportunity or a longer-term loan that’s taking some time to fund. Because of their quick underwriting processes, time to funding, and repayment terms, business bridge loans are ideal for moments when you know you’ll have a source of capital incoming (and you’re sure you can pay off a smaller loan when

Small Businesses 75

Small Businesses Credit Scoring Transactions Default 75

Fundera

NOVEMBER 8, 2020

As an ecommerce business owner, you dedicate your efforts toward facilitating a positive customer experience on your website. But you likely aren’t thinking about the payment process itself, which often entails manually entering credit card and shipping information—a hassle for many shoppers, and an occasional dealbreaker. Luckily, Amazon Pay streamlines that checkout process, which might ultimately boost your bottom line.

Credit and Collections 69

Credit and Collections Transactions Small Businesses 69

Fundera

NOVEMBER 25, 2020

Choosing a point of sale (POS) system for your business is more important than you might think. How many times have you, as a customer, gone to check out at a store and experienced long lines, glitchy systems, or some other issue? So many of these problems can be prevented by exploring and comparing the best POS systems —like ShopKeep and Clover POS. .

Transactions 58

Transactions Small Businesses Dashboards 58

Priority Credit Management Corporation

NOVEMBER 5, 2020

“The goal of an effective negotiation is not I win, you lose , it’s to get to a place where you would trust each other enough to work together again.”. When it comes to negotiation pitfalls to avoid, North Americans have several ingrained cultural “weaknesses.” Study some of the major ones so you can be more aware next time you go into a negotiation.

Credit and Collections 52

Credit and Collections Credit Management 52

StackSource

NOVEMBER 29, 2020

[40 Points] Don't make these mistakes. Questions to ask yourself before buying your next multifamily property.

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GoCardless

NOVEMBER 12, 2020

How much does it cost to collect $5,000 from a US customer? We compare options.

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GoCardless

NOVEMBER 12, 2020

COVID means we can't celebrate like normal, but here's what it's all about.

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GoCardless

NOVEMBER 16, 2020

96% of businesses are waiting on outstanding payments for 10+ days

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GoCardless

NOVEMBER 24, 2020

Discover the building blocks of an accounts receivable template.

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GoCardless

NOVEMBER 16, 2020

The biggest takeaways from our global survey of payment leaders.

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GoCardless

NOVEMBER 25, 2020

Learn how to optimise your recurring payment operations

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GoCardless

NOVEMBER 3, 2020

Counterparty risk tells you if a party is likely to default on their obligations

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Default 40

GoCardless

NOVEMBER 9, 2020

Review the importance of the acid test ratio for small businesses and start-ups

Small Businesses 40

Small Businesses 40

GoCardless

NOVEMBER 27, 2020

There’s a simple difference: indirect tax is taken out during the supply chain

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GoCardless

NOVEMBER 25, 2020

Your inventory turnover ratio shows how efficiently you’re managing your stock

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GoCardless

NOVEMBER 25, 2020

TTM in finance stands for “trailing twelve months” and refers to a data period

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GoCardless

NOVEMBER 9, 2020

MVP stands for minimum viable product, or the earliest version of your product

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GoCardless

NOVEMBER 27, 2020

Overtrading in accounting is taking orders you don’t have resources to fulfil

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GoCardless

NOVEMBER 10, 2020

Management accounting is all about using accounting data to boost efficiency

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GoCardless

NOVEMBER 25, 2020

A business continuity plan is all about planning for disaster or disruption

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Business Continuity Planning (BCP) 40

GoCardless

NOVEMBER 24, 2020

Balance your financial statements with the accumulated depreciation formula

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GoCardless

NOVEMBER 11, 2020

Unpresented cheques are cheques that have not yet been paid out by the bank

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