February, 2022

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What to Expect in 2022: BSA/AML Regulatory Hot Topics

Abrigo

What to watch for in 2022 Expect these eight BSA /AML regulatory topics to see changes in 2022 and start preparing now to help your institution s tay up to date. You might also like this webinar on BSA/AML regulatory hot topics. WATCH. Takeaway 1 Now is the time to create a project plan for future BSA/AML regulatory guidance . Takeaway 2 Enhance policies, procedures, and processes for areas that will gain regulatory scrutiny?

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New Net 30 Vendor – Reports to D&B and Equifax Business

Business Credit

New Net 30 Vendor In today’s post we reveal a new net 30 vendor that reports to Dun and Bradstreet and Equifax Business. If you’re new to the idea of building business credit let’s first cover some of the basics. What is a net 30 vendor? A net 30 vendor (net 30 account) is a […]. The post New Net 30 Vendor – Reports to D&B and Equifax Business appeared first on Business Credit.

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Exploring the Top 10 Weakest Currencies in the World as of January 31, 2022

truly financial

T he world has changed dramatically over the last couple of years, with the rise of COVID-19 and all its variants, many countries around the world have had to completely rethink how they manage major industries for the safety of their employees. Despite these global challenges, the lowest currencies in the world remained largely the same as they were back in 2020.

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Why You Should Develop a Relationship With a Lender

Headway Capital

Securing business funding often plays a necessary part in running and expanding your business. Reputable business lenders, similar to your. The post Why You Should Develop a Relationship With a Lender appeared first on Headway Capital Blog.

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Norra Finans chooses Aptic as business partner for their future financial solutions

aptic

Stockholm/Haparanda Fast-growing and forward-leaning Norra Finans in Haparanda chooses the fintech company Aptic as their partner to develop and future proof its factoring and lending business in several Nordic countries. Norra Finans has many years of experience in factoring and lending services for small and large companies in several industries in the Nordic market.

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Is your Revenue Cycle still Hungry? Ask for Seconds

Professional Credit

Second placements are the practice of transferring overdue accounts that have had little to no movement from your primary collection agency to a new collection partner. While this strategy has been utilized for ages, few health providers recognize just how effective it can be at getting movement on stagnant accounts and recovering revenue that might be otherwise written off.

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Is It Worth It to Get BBB Accreditation for Your Small Business?

Beyond Capital Blog

Here’s what BBB accreditation means, what happens if your business doesn’t have it, and the pros and cons of joining. The post Is It Worth It to Get BBB Accreditation for Your Small Business? appeared first on Fast Capital 360.

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Wire Transfers Explained: 10 Things You Absolutely Need To Know

truly financial

W ire transfer is one of the most popular methods of moving money worldwide. Whether you need to pay your suppliers, pay your contractors or pay employees abroad, how much do you really know about wire transfers, the actual process of wiring money, and wire transfer risks? Whether you’re sending money to your family overseas or sending international business payments , it’s important to know if your wire transfer services are in good hands.

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Blowing The Excuses Out Of The Water: How To Do Credit Management On A Budget

JSP Credit Management

As JSP Credit Management fast approaches its 1st birthday, some time reflecting on content we have written over the last 10 months led us to recall our blog from 9th July 2021 titled , Growing Pains. In that blog, we wrote about some of the challenges associated with being a newly formed business, or first time entrepreneur and how to turn them from a weak point, into a strength of the business through a bit of good old honest self-reflection.

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Norra Finans chooses Aptic as business partner for their future financial solutions

aptic

Stockholm/Haparanda Fast-growing and forward-leaning Norra Finans in Haparanda chooses the fintech company Aptic as their partner to develop and future proof its factoring and lending business in several Nordic countries. Norra Finans has many years of experience in factoring and lending services for small and large companies in several industries in the Nordic market.

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You're ready to expand your business, now what?

FNB Small Business

When it’s time to grow your business, cash flow is vital. Whether you need to open an additional location, build or expand a building, or tap a new market, an SBA loan can help you meet the demands of business growth. Read More.

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ALM 101: Introduction to Asset/Liability Management – Part 2: Interest Rate Risk – Earnings at Risk

Abrigo

ALM & measuring short-term interest rate risk Interest rate risk is measured through two approaches. This ALM 101 post describes the earnings at risk(EAR)/income at (IAR) risk perspective (short-term risk to the income statement). Would you like other articles like this in your inbox? Takeaway 1 Interest rate risk for financial institutions is the risk that earnings and market value may decline as market interest rates change. .

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Small Business Loan Approval Rates Continue to Climb - But Still Far Below Pre-COVID Approval Levels

SMB Commercial Lending

Loan approval rates from all types of lenders continue to rise in very small increments, according to the Biz2Credit Small Business Lending Index released February 8. With the expected increase in the interest rate from the Federal Reserve, now is the time to apply for commercial financing. Loan approval rates through January 2022.

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SBA 7(a) vs. 504 Loans: Which One Is Right for Your Small Business?

Beyond Capital Blog

SBA 7(a) and 504 loans are great options to help fund your business. Read on to learn how to identify the right choice for you. The post SBA 7(a) vs. 504 Loans: Which One Is Right for Your Small Business? appeared first on Fast Capital 360.

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NEW! Webinar Takes a Deep Dive into the Impact of Advanced Payment Solutions in Rural Health

Professional Credit

Keeping pace with the latest technology while operating within budget constraints is a top concern for rural providers nationwide. This continues to put rural health at a disadvantage, particularly when it comes to the revenue cycle but it’s not without hope. The right strategy and vendor partnership can help fill the gaps and improve the patient financial experience.

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Small Business Tax Deductions

truly financial

O rganizing your expenses at tax time can feel like one of the most complex and frustrating parts of being a small business owner. You have to sort out which expenses are considered tax-deductible for your business’ income, and follow the proper methods for claiming them. Otherwise, you risk them being rejected as inapplicable – or worse, being audited if you don’t have enough evidence to back up your claims.

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Focus receivables management – this is how 2022 will be in the Netherlands

Collenda

Focus receivables management – this is how 2022 will be in the Netherlands. Inflation, shortage of skilled workers, Corona pandemic, energy crisis – how difficult will 2022 be? What impact will the current situation have on receivables management? We spoke with Aart-George Broekema, Product Director Corporate & Agencies of Collenda Netherlands, about the situation in his home country. 2022 is already characterised by many uncertainties.

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Leveraging Automated Underwriting for Small Business Lending

Abrigo

Loan Decisioning Allows Small Business Lending to Grow Community financial institutions can leverage automated loan underwriting to increase small business lending and achieve consistency. . Would you like other articles like this in your inbox? Takeaway 1 Financial institutions are using small business loans as a source of growth and this trend will continue. .

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A guest blog from Curtis Fort from the Construction Credit and Finance Group.

JSP Credit Management

As a leader in business to business debt collection services, we’ve been asked to share our insights into the size and scope of the b2b debt collection industry. After the 2008 recession, businesses began to rely less on traditional credit lines and more on factoring and accounts receivables. Factoring is the process of selling accounts receivable directly to a third party and accounts receivable is a list of accounts that people or businesses owe the factor.

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Revenue-Based Financing: What It Is and How It Works

Beyond Capital Blog

As a rapidly growing business, you need a financial plan that adapts to you. Here’s everything you need to know about revenue-based financing. The post Revenue-Based Financing: What It Is and How It Works appeared first on Fast Capital 360.

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How to Increase Security at Your Small Business

Headway Capital

Whether you have a dedicated IT team, sell your products online or simply use a computer for work tasks, it’s. The post How to Increase Security at Your Small Business appeared first on Headway Capital Blog.

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The Importance of Customer Case Studies

truly financial

C ase studies play a huge part in modern day marketing. In short, they're customer stories that demonstrate how your service or product will solve real-world problems, as told by your customers. Using analysis and quantifiable results, case studies offer proof that your business’ offerings are high-quality. Plus, when your potential customers turn to their peers to help make decisions, case studies become extremely powerful marketing tools too.

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How to Increase Security at Your Small Business

The Business Backer

Whether you have a dedicated IT team, sell your products online or simply use a computer for work tasks, it’s. The post How to Increase Security at Your Small Business appeared first on The Business Backer.

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How to Win Small Business Loans This Year

Abrigo

Making small business loans efficient and worthwhile Digitalizing the lending process can help financial institutions win small business loans and meet customers' needs. You might also like this webinar on small business lending best practices. WATCH. Takeaway 1 Lack of efficiency and staffing problems can make small business loans seem like more trouble than they're worth.

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NEW PARTNERSHIP BETWEEN COLLENDA AND CRiON IN BELGIUM

Collenda

NEW PARTNERSHIP BETWEEN COLLENDA AND CRiON IN BELGIUM. Collenda is very pleased to announce that CRiON has joined the Collenda Partner Programme. As a result, CRiON will act in Belgium as Reseller & Lead Referral Partner and also as Service Partner for S4Dunning software, the Collenda solution for debtor management. Collenda also immediately joins the “Credit Management Circle” of CRiON in Belgium as Silver Flex Partner.

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What Is a Borrowing Base?

Beyond Capital Blog

A borrowing base measures how much you can borrow with an asset-based loan. It is based on a percent of your collateral’s value. The post What Is a Borrowing Base? appeared first on Fast Capital 360.

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The Investment Corner :: YOAI

Pactola

What is YOAI? It’s not something that many Credit Unions have given much attention to throughout the years. This is understandable, primarily because they’re in the business of lending to their members. Historically, Credit Unions have placed the majority of their business focus on lending-related ratios, such as Loan-To-Share, Delinquencies, Yield on Average Loans.

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Exploring the Top 10 Strongest Currencies in the World as of January 31, 2022

truly financial

S ince the beginning of 2020, virtually every economy in the world has had to shift and adapt to the changes brought on by the COVID-19 global pandemic. Somewhat surprisingly, despite all the struggles faced by countries around the world, not a whole lot changed in regards to the positioning of the highest currencies in the world. At this time, there are around 180 currencies that are recognized by the United Nations, and we’re going to take a look at the top 10 strongest currencies in the world

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What Is an EBS?

The Business Backer

When you apply for a small business loan, you may be asked to provide an EBS, or electronic bank statement. The post What Is an EBS? appeared first on The Business Backer.

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FASB: No Delay for CECL Implementation Date

Abrigo

Firm deadline for CECL implementation set As expected, the FASB agreed to uphold CECL’s 2023 implementation date. You might also like " CECL Streamlined: A Webinar Series for 2023 Adopters". Register. Takeaway 1 The FASB agreed to uphold the 2023 implementation date for those that haven’t yet adopted the CECL standard. Takeaway 2 Some financial institutions had hoped for a delay, but a majority of members voted for a consistent accounting standard on schedule.

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The Pros & Cons of Investing in Income Property During an Inflationary Period

StackSource

Investment property ownership has long been considered an ideal hedge for inflationary risk. In this post, we explore the pros and cons of investing in real estate today.

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