Your Virtual Credit Manager

NOVEMBER 29, 2022

Photo by Ralph Hutter on Unsplash Confronted with high interest rates and inflation, and heading into a what is increasingly looking like a recession, small- and medium-sized businesses (SMBs) will probably need to use a Collection Agency more than they have in the past. In fact, most SMBs should look into using Collection Agencies to not only maximize the recovery of Accounts Receivable (AR) at high risk of never being collected, but to collect all old receivables.

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Credit and Collections Accounts Receivable (AR) Collector Default 130

Lockstep

NOVEMBER 8, 2022

Seattle, WA – – Lockstep , the award-winning accounting automation pioneer, today announced it has partnered with SYSPRO to grow the connected accounting network. Lockstep will provide SYSPRO’s North American customers access to award-winning accounts receivable (AR) automation software, Lockstep® Receivables. Lockstep Receivables allows SYSPRO customers to manage the invoice-to-cash process through automated communication; customer-self-service, including online payment capabiliti

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AR Automation Accounts Receivable (AR) Automated Cash Application Credit and Collections 120

Plooto

NOVEMBER 28, 2022

It is a brave new world for accounting firms. New technology , pent-up client demand for advisory services, and ever-increasing compliance and regulatory oversight have created a new “business” mindset among accounting organizations — identifying clients’ needs and building the infrastructure to meet those needs.

Accounting Firms 98

Accounting Firms 98

Know-It Global

NOVEMBER 10, 2022

Thinking about outsourced credit control? Credit control is the solid foundation that a finance team should be built around. How else can your business pay its expenses if you’re not being paid for the work you’ve done?! Given how critical credit control is to all businesses you would be shocked at the amount of companies that either overlook credit management or struggle to find the time and resource required for a watertight credit control process.

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Credit Management Credit and Collections 98

Credit Absolute

NOVEMBER 28, 2022

In recent months, inflation has received a lot of attention. As a consumer, you’ve probably felt the pinch in your wallet. Many things have become more expensive. Aside from the cost of things, inflation has caused many people to be concerned about their credit. However, it is vital to note that while inflation has no […]. The post Understanding How Inflation Can Hurt Your Credit Indirectly appeared first on Credit Absolute.

Credit Scoring 98

Credit Scoring 98

The Esker Blog

NOVEMBER 29, 2022

The leaves have turned, the NFL season is well-underway, and the air is getting brisk. This is the time of year when we at Esker begin engaging in a number of conversations with partners and clients who are planning for next year’s projects and budgets. The last few years have been a wild ride to say the least, and looking to 2023, we’re noticing a handful of themes emerging in these planning sessions.

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Dashboards Deductions Cash Applicator 92

SSI Healthcare Rev Cycle Solutions

NOVEMBER 10, 2022

SSI Wins Oracle Cerner 2022 Collaboration Award. November 9, 2022. Every year, Oracle Cerner honors its most innovative and meaningful partnerships, which are chosen based on superior performance and the impact the partner has on their clients. This year, the SSI Group, LLC (SSI) is pleased to announce that we were named the 2022 Collaboration Award Winner at the recent Oracle Cerner Health Conference.

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Plooto

NOVEMBER 14, 2022

Thank you for choosing Plooto for your AP/AR automation needs. Plooto’s payment processing features have helped many accounting firms like yours automate their payment processing , cut costs, and save time for themselves and their clients.

Accounting Firms 98

Accounting Firms AR Automation 98

blue dot counseling

NOVEMBER 9, 2022

I stopped doing my books when I realised I was making them worse. The post I stopped doing my books when I realised I was making them worse! appeared first on Blue Dot Consulting.

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Abrigo

NOVEMBER 9, 2022

Financial institutions work to meet Q1 2023 CECL deadline A CECL implementation survey by Abrigo found progress by financial instittuions is mixed ahead of the upcoming deadline. . You might also like this: "Beyond CECL: Stress testing, ALM, and financial planning" DOWNLOAD. Takeaway 1 10% of banks and credit unions have completed CECL adoption, according to Abrigo's CECL implementation survey.

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CECL Credit Unions Credit and Collections Credit Risk 78

Beyond Capital Blog

NOVEMBER 15, 2022

Filing your small business taxes for the first time? Use this guide to navigate the process and maximize your refund. The post 7 Tips for Filing Small Business Taxes for the First Time appeared first on Fast Capital 360.

Small Businesses 89

Small Businesses 89

Your Virtual Credit Manager

NOVEMBER 15, 2022

Photo by Markus Spiske on Unsplash Payment Terms define when a customer is supposed to pay your invoice for the products and/or services you provided, at your expense, using your cash. The “norm” is 30 days from invoice date, but there are many exceptions. Many customers will try to extend your terms to 45 or 60 days or more. Outside the USA, and in the … Read more.

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Lockstep

NOVEMBER 16, 2022

In today’s fast-paced, competitive business environment, it’s more important than ever to optimize your accounts receivable (AR) processes. One way to do this is by leveraging automated customer communications as part of your broader accounts receivable automation strategy. Automated communications can help you speed up the collections process and connect with more customers faster.

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AR Automation Accounts Receivable (AR) Days Sales Outstanding DSO 88

Plooto

NOVEMBER 7, 2022

There’s the adage, “Life is expensive when you don’t know accounting.” An accounts payable software solution that’s not right for your business can also cost you dearly: inefficient workflows, high monthly fees, too advanced or too few features, to name a few.

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Lendio

NOVEMBER 30, 2022

If you were in business when COVID-19 began, you may be eligible for the Employee Retention Credit (ERC). Introduced in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the ERC offers a payroll tax credit for wages and health insurance that were paid to employees during that time. Despite the fact that the Infrastructure Investment and Jobs Act of 2021 ended this program, qualifying businesses can still claim the ERC for up to five years retroactively.

Deductions 87

Deductions 87

Abrigo

NOVEMBER 7, 2022

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Would you like other articles on BSA/AML training in your inbox? Takeaway 1 Elder abuse, exploitation, and fraud are rising in the veteran population and can devastate older Americans. Takeaway 2 Learn why veterans are a vulnerable population for this particular type of financial fraud.

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Credit Unions Cybersecurity Transactions 78

ForwardAI

NOVEMBER 10, 2022

Originally published on Fintech.ca. Cash flow is a problem that has been troubling small and midsize businesses (SMBs) and accountants since the dawn of time. Combine tight capital, slow cash turn-around time, and lack of planning, and it’s no surprise that this issue comes back, again and again, every month-end when the bills come in. A 2022 survey suggested that cash flow problems are the second most significant barrier for small businesses, and one in ten states that cash flow problems are

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Small Businesses Accounting Firms 86

Your Virtual Credit Manager

NOVEMBER 8, 2022

Photo by Chris Chow on Unsplash There will inevitably be a day when you realize your collection efforts are not getting a delinquent customer to pay their bill. Despite all the correspondence, calls, excuses and possibly promises made, there still has been no progress. What can you do? The easy answer — refer the customer account to a Collection Agency wh… Read more.

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Lockstep

NOVEMBER 2, 2022

We all know how frustrating email can be, especially for accounting teams. Sometimes it just doesn’t work as you want it to. Email often becomes a major source of frustration – especially when things go wrong. In Part I and II of this series, we took a look at some of the most common accounting email blunders that can cost time and money.

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Accounting Department

NOVEMBER 24, 2022

This year we're especially thankful for our clients and our team - it is their collective energy, positivity, and dedication to success that has made this such a great year.

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Enterprise Recovery

NOVEMBER 28, 2022

While we typically write about the end-of-the-year processes for accounts receivable , year-end brings about its own stress for the sales and marketing teams. With quotas to meet and budgets to assess, the challenges can weigh on even the most seasoned professional. Here are four tips for B2B sales and marketing professionals to end the year strong.

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Abrigo

NOVEMBER 2, 2022

3 features that can improve speed and efficiency Construction loan automation eliminates manual processes, saving time and reducing human error. Here's what to look for in a software. You might also like this whitepaper: "10 ways construction loan monitoring software saves time." DOWNLOAD . Takeaway 1 Technology can help reduce or eliminate common problems that construction lenders face during the complicated draw process.

Credit Risk 78

Credit Risk Credit and Collections CECL 78

Beyond Capital Blog

NOVEMBER 29, 2022

Learn how to write a stellar business plan and find out why it’s vital you have one. Access our free business plan checklist too. The post How to Create a Business Plan to Succeed in 2023 appeared first on Fast Capital 360.

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The Esker Blog

NOVEMBER 16, 2022

Here at Esker, you may have heard that we recently had a big birthday celebration to commemorate our Customer Experience (CX) team turning 5! It was a special occasion marking the formation of a team built on a set of core values established directly from customer feedback on how they wanted to feel throughout their Esker journey: Valued, Understood and Engaged.

Dashboards 72

Dashboards 72

Gaviti

NOVEMBER 14, 2022

Receivables collection is one of the most critical functions of any business, but it can also become one of the most stressful. Companies can reduce many overwhelming and monotonous aspects of collections via automation. Sage Intacct streamlines collections tasks but automation alone is not enough. How companies implement automation also makes a difference.

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Credit and Collections DSO Invoice Collections Default 72

Accounting Department

NOVEMBER 17, 2022

For many businesses, sudden bursts of growth may sometimes come at times that business owners least expect. Companies can go from small offices to corporate buildings and small commercial buildings to giant warehouses, but being prepared to do so is what makes the difference between growing and growing pains.

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Enterprise Recovery

NOVEMBER 11, 2022

When it's your job to collect past-due invoices, what you say matters. And what you say will depend on your state of mind when you type the email or get on the phone. How you come across to your clients, especially when they're long-term business-to-business relationships, will determine how they react to you, your demands, or any negotiation tactics.

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Past Due Invoices Debt Collections 78

TreviPay

NOVEMBER 2, 2022

If your customers are like 9 out of 10, they’re researching payment methods before establishing a relationship with a new vendor. Buyers are constantly searching for more seamless payment methods to help streamline purchasing, which is why it is so important to continue growing your payment options as your business evolves. When it comes to an embedded payment solution growing your payment options in-house can be quite the undertaking; between the opportunity cost of your team’s time

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Beyond Capital Blog

NOVEMBER 29, 2022

Want to make New Year's resolutions to improve your small business? Here are a few ways to start the year off right. The post The Top 10 Business New Year Resolutions appeared first on Fast Capital 360.

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Small Businesses 74

Eagle Business Credit

NOVEMBER 22, 2022

If you run a small business then you know how important working capital is. It takes money to make money, and you need cash on hand to expand your business. Being able to meet payroll, buy supplies, cover office space, and find new clients all requires strong working capital. There are several ways to secure working capital for a small business. Ways to secure working capital for your small business.

Small Businesses 69

Small Businesses 69

Skogen Capital Lending

NOVEMBER 15, 2022

You were ready to purchase a building for your company or must move to a bigger location due to growth. There are multiple options available to secure this commercial real estate for you and make the necessary repairs to make it fit your organization. However, owning it outright and paying for it through financing can be a benefit to your organization.

Small Businesses 69

Small Businesses 69