July, 2022

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Healthcare RCM: Here Come the Corporations!

RevCycle

Make no mistake, the healthcare industry is rife for new entries across a wide span of verticals and corporate America has taken note. This is due to the cost burden crushing consumers and employers alike; and is a natural extension of the increased consumerism patients have been exhibiting for years. The image below does a great job highlighting just what makes the marketplace so appealing to the largest corporations: Image Source: CBINSIGHTS, “The Big Tech in H

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The OCC’s Interest Rate Risk Report: A banker’s guidepost in ALM

Abrigo

Using the OCC Interest Rate Risk stats for asset/liability management models Financial institutions can use statistics in the OCC Interest Rate Risk Reports to gauge whether their bank is an outlier on the risk scale. You might also like this webinar, "Banking in a rising-rate environment." WATCH . Takeaway 1 Comparing the OCC's latest Interest Rate Risk Report and the one from 2019 provides a valuable look at interest rate risk variables. .

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Leveraging Automation for Customer Credit Scoring

Lockstep

In today’s economy, it is essential to be able to allocate credit where it is needed most. This means that businesses need to have accurate and up-to-date information about their customers’ creditworthiness. While nearly 60% of U.S.-based B2B sales are paid using customer credit, knowing how much credit to extend and to which customers is of dire importance.

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Helpful Tips When Buying Used Equipment

Commercial Credit Group

You need an additional piece of equipment for your business and you think you want to purchase used equipment. Now what do you do? Evaluate your business needs. Consider the potential risks. Determine from whom you will buy. Obtain an equipment inspection. Arrange logistics. Look out for red flags. Coordinate payment.

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What Is Business Collateral?

Beyond Capital Blog

When applying for a loan for the first time, collateral is a must. Find out how much collateral your business needs, in the form of cash or other assets, in this how-to guide. The post What Is Business Collateral? appeared first on Fast Capital 360.

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What Is Trade Credit and How Does It Work?

CreditStrong for Business

Businesses rely on many types of funding to improve cash flow and keep growing their operations. One of these funding types is called trade credit, a form of vendor financing that gives customers more time to pay for their orders. Learn more about how trade credit works and what benefits it offers companies of all sizes. What Is Trade Credit? When you purchase something from a vendor, you may be given additional time to pay instead of processing your payment upon the point of sale.

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Ag lending outlook & top challenges

Abrigo

Strong demand is a factor in the ag lending outlook ahead Ag lenders can begin taking steps to ensure they are prepared and can provide positive customer or member experiences. You might also like this webinar, "How to Position Yourself for High-Yielding Ag Loan Growth." WATCH. Takeaway 1 The economic and financial outlook for U.S. farmers is even more unpredictable than in recent years.

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Engineering Responsiveness in Web

Lockstep

Lockstep Applications are the interfaces to Lockstep API. These interfaces have a diverse user-base and are expected to provide the same experience on all device types. Given how modern devices deviate from the conventional aspect ratios and have wider screens, bigger panels, higher resolutions – providing the same experience and designing for responsiveness is non-trivial.

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FAQ: The Most Important Questions and Answers about Business Rules

Actico

Business rules are new for you? In this blog post you will find answers to your questions about business rules. The FAQ provides helpful explanations for anyone who wants to dig into the topic.

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The Most Common Types of Business Expenses (Plus Which Are Tax-Deductible)

Beyond Capital Blog

There are 25 business expenses all entrepreneurs have to handle. Check out the list and see if they count as business tax deductions. The post The Most Common Types of Business Expenses (Plus Which Are Tax-Deductible) appeared first on Fast Capital 360.

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Tier 2 Business Credit Vendors in 2022

CreditStrong for Business

Building your business requires capital, and even if you’ve been running a successful business for a few years, financing can play a major role in covering your company’s working capital needs. If you’ve been working on building business credit through tier 1 business credit vendors , net 30 accounts , and business credit cards, you may now have the opportunity to open credit accounts with tier 2 business credit vendors.

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How to get customers to pay your invoices ahead of others

Hilton Baird

A few of the steps your business can take to encourage customers to prioritise your invoices above others. The post How to get customers to pay your invoices ahead of others appeared first on Hilton-Baird Collection Services.

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Know your customer: Tips for front-line staff to support CDD compliance

Abrigo

Teaching branch staff these KYC tips can aid CDD compliance BSA Officers can help tellers and other branch staff learn how to ask questions that both foster relationships and support CDD compliance. . You might also like this resource, "Customer due diligence checklist." DOWNLOAD. Takeaway 1 Front-line teams are the eyes and ears of the bank or credit union and can support Customer Due Diligence (CDD) requirements.

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Lockstep Inbox Update: AR and AP Templates

Lockstep

Over 20 New Email Templates to Save You Time. Lockstep Inbox has seen some fantastic updates since launching in May. It’s been a great success so far, and we’ve received quite a lot of positive feedback from users. One of our most popular recent additions to the free shared inbox platform is our pre-populated templates. Since its launch, Lockstep Inbox has added 12 new accounts receivable (AR) templates and 12 new accounts payable (AP) templates, respectively.

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Media Industry Focus: Investing in Customer Experience without Distraction

The Corcentric Blog

In a recent study conducted by Forrester Consulting on behalf of Corcentric, it was found that customer experience improvements ranked even higher than revenue growth as a business priority for CFOs across the UK, US, and France!

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How Commercial Bridge Loans Work (and How They Can Benefit Your Small Business)

Beyond Capital Blog

Bridge financing serves as a “bridge” between your immediate need for capital and a long-term financing solution. With it, you can address cash flow emergencies and seize business opportunities. The post How Commercial Bridge Loans Work (and How They Can Benefit Your Small Business) appeared first on Fast Capital 360.

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How to Build Commercial Credit for Your Business

CreditStrong for Business

Businesses of all sizes can benefit from establishing commercial credit, helping them to manage their finances and cash flow without being impacted by (or in turn impacting) the personal credit of their owner. If you’re tired of having to use your personal credit to free up cash, commercial credit may be the best way forward. Here’s what you should know about building commercial credit for the future of your company.

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Inflation is hitting small businesses hardest in these cities and states

SMB Commercial Lending

The U.S. Census has been deploying weekly surveys to small businesses across the country since 2020. The Small Business Pulse Survey intends to measure the effects of the pandemic and other recent events. The share of these businesses experiencing notable price increases has grown considerably, according to data from the U.S. Census. And many are experiencing supply delays on goods purchased domestically and abroad.

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Business Essentials: Managing Rapid Business Growth

Eagle Business Credit

Being the owner of a small business means you have some experience with rapid business growth. One day it’s business as usual, and the next it’s wondering how to fulfill a massive purchase order for a major client. Meeting higher sales volumes means having more employees, supplies, and ultimately cash to support this growth. Growth is great, but lack of available working capital can mean the end of business instead of the expansion.

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Adaptive Design: The Most Effective Approach

Lockstep

As touched in Part 1 , adaptive design requires an understanding of viewports and their pixel layouts. In this article, we explore how adaptive design works, what is adaptive coefficient and how to calculate adaptive coefficient for an application. What is Adaptive Coefficient and Adaptive Design? Here, we use relative styling unit REM to style elements.

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Getting An Advance With Bad Credit

Wellen Business Credit

Can You Get a Capital Advance with Bad Credit? . It’s no secret that people with low credit scores have a difficult time securing financial assistance. Low credit scores mean that traditional financial institutions are reluctant to extend a loan – or if they do, it’s at a very high rate. For this reason, an alternative form of financing like a merchant cash advance (MCA) may be a better option for business owners with bad credit.

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All About the SBA Form 1919 (Plus, How to Fill One Out)

Beyond Capital Blog

Completing a SBA Form 1919 is required for business owners applying for an SBA 7(a) loan. Learn more about this form and how best to complete it. The post All About the SBA Form 1919 (Plus, How to Fill One Out) appeared first on Fast Capital 360.

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How to Build Business Credit Without Using Personal Credit

CreditStrong for Business

Many small business owners use their personal credit to start or help run their businesses. However, if you can establish and build your business credit, you may be able to use it instead. Solely using your business credit can keep your business activity from impacting your personal credit. This may help you qualify for more favorable terms when you need a personal credit card or loan.

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New status of individual entrepreneur: What consequences for cash collection?

Credit Tools

Simplification, standardization and protection of personal assets are the three key words of the new status dedicated to natural persons exercising their professional activity in their own name.

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The Ladder of Credibility

StackSource

[8 Steps] Credibility is the key to becoming a successful real estate developer. Learn how to earn it and keep it with these critical steps.

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The Perks of Unlimited PTO: How to Embrace and Maximize This Benefit

Lockstep

Unlimited PTO has become a common perk among startups and SaaS companies. While on the surface, unlimited PTO sounds great, yet many companies (and employees) are discovering that it is less “unlimited PTO” and more like “never PTO.” In this blog post, we uncover how employees and managers can embrace unlimited PTO policies. One of the main reasons why companies offer unlimited PTO is to avoid burnout.

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Spend Management: What It Is & How to Improve Your Strategy

The Corcentric Blog

Effective spend management will leverage real-time analytics and insights to drive better decisions, create value, and cut costs.

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The SBA 8(a) Program: Qualifications, Benefits and the Application Process

Beyond Capital Blog

The SBA 8(a) Business Development Program helps businesses obtain government contracts and more. See if you’re eligible for certification. The post The SBA 8(a) Program: Qualifications, Benefits and the Application Process appeared first on Fast Capital 360.

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Tier 1 Business Credit Vendors

CreditStrong for Business

As a business owner, one of your most important responsibilities is to find capital for your business, but it can be challenging to find commercial lenders willing to provide capital and financing for your business when you’re just starting it up. This is where tier 1 business credit vendors come in. These vendors can provide you with the opportunity to start building your business credit history, which can give you the track record you need to qualify for more traditional business financing opt

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SOA People Group acquires Danish software and SAP consultancy firm 2BM

SOA People

SOA People is set to meet its target of becoming one of the top 3 SAP software and service providers in Europe.

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Construction Permits: Why You Need One & How the Process Works

StackSource

Getting a construction permit that's required to build a commercial property can be a frustrating process. Here's what you need to know.

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