April, 2022

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Understanding Your Core Deposit Study: Reading Between the Lines

Abrigo

How Core Deposit Analytics Help Banks and Credit Unions Plan For Rising Rates Core deposit analytics provide a wealth of information for strategic planning, deposit pricing, product development, and more. How to get the most out of a core deposit study. You might also like this webinar, "Analyzing Core Deposits for Risk Management & Loan Growth." watch.

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Top Ten: Why email makes accountants’ lives difficult

Lockstep

Accounting teams rely on email for so much, it’s ridiculous. These teams depend on email to communicate internally with their teams, and externally with customers, sometimes managing four or more inboxes at a time. Managing today’s accounting email inboxes with limited collaboration capabilities means teams are using Slack, Teams, productivity tools, phone calls, IMs, and smoke signals to close the books.

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R4CM Suite renews SAP-Certified Integration for SAP S/4HANA

SOA People

The Ready4 Credit Management Suite 2.751H has been awarded re-certification for deployment on SAP S/4HANA via the SAP integration scenario ABAP Add-On Deployment for SAP S/4HANA.

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Reduce the Impact of High Prices by Refinancing

Commercial Credit Group

The prices of new and used equipment have been rising for the past couple of years, nearly in every industry. But we’ve seen significant increases for transportation equipment. In fact, a dry van trailer that cost $35,000 two years ago now costs around $48,000. That’s a 31% price increase! Talk about sticker stock! With costs on the rise, it’s more difficult than ever to get the equipment you need to expand and grow your business…especially if your cash is tied up in other monthly obligations.

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Bectran partners with NCS Credit to Deliver Credit Teams an Integrated UCC Filing Solution for Asset-Backed Credit Quality Monitoring

Bectran

CHICAGO --(BUSINESS WIRE)— Credit, Collections & Accounts Receivable Software leader Bectran, Inc. has partnered with NCS Credit to release the industry-leading UCC (Uniform Commercial Code) Filing solution. This solution eliminates the time spent initiating the UCC filing process through the direct transmission of UCC filing data in digital format to NCS Credit from the Bectran platform.

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You’re Ready to Buy Commercial Real Estate, Now What?

FNB Small Business

Buying commercial real estate is an exciting time for a business owner, but it can be an intimidating process. Acquiring tangible assets, whether an existing property, new construction, or a redevelopment project, requires a lot of financing. Read More.

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Working With The V-word In Debt Collection

JSP Credit Management

During a recent venture to Birmingham to attend a lecture on business strategy, we were made aware that our connection to the university qualified us for a free subscription to the Financial Times. That, we thought, was a genuinely nice benefit, to having been a product of university life. That same benefit led us to , an article in the FT the other day from 2010 where former Chancellor of the Exchequer George Osborne was talking about the Financial Services Authority (FSA).

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Lockstep: A Culture for Success

Lockstep

Over the last two years, Lockstep has seen fantastic growth , both in the number of customers we serve, as well as in the team that brings our mission to life. Award-winning Lockstep® connects the world’s accounting teams to help them work better together. To do this, we need a team that is passionate about connected accounting, our customers, and each other.

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8 questions you should be asking every customer

Hilton Baird

It's increasingly important to know your customers before committing to offering credit terms. Here are the 8 questions to ask them. The post 8 questions you should be asking every customer appeared first on Hilton-Baird Collection Services.

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Bectran Inc. to Sponsor ICTF’s Global Credit Professionals Symposium in Chicago

Bectran

CHICAGO, April 22, 2022 (GLOBE NEWSWIRE) -- Credit, Collections & Accounts Receivable Software leader Bectran, Inc. will be sponsoring ICTF’s (International Credit and Trade Finance Association) Global Credit Professionals Symposium from April 24 th through 26 th in Chicago, IL. Bectran will showcase the latest innovations in Credit, Collections and Accounts Receivable Software and discuss its international credit management solutions with executives from across the globe.

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9 Lenders for the Year’s Best Easy Business Loans

Beyond Capital Blog

The digital age makes it easier than ever to apply for funding for your small business. We list the 12 top easy business loans. The post 9 Lenders for the Year’s Best Easy Business Loans appeared first on Fast Capital 360.

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ALM 101: Introduction to Asset/Liability Management-Part 4: Liquidity Risk

Abrigo

ALM & Measuring Liquidity Risk at Banks and Credit Unions Regulatory agencies expect financial institutions to manage liquidity risk using processes and systems commensurate with the complexity, risk profile, and scope of operations. This is the fourth post in a series. . Would you like other articles like this in your inbox? Defining Liquidity.

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The future for factoring companies: trends and opportunities

aptic

Factoring is on the rise, with forecasts pointing to global growth of between 6.1% and 8.4%. This expansion is also attracting the interest of many new players and renowned technology giants. In addition, innovations such as distributed ledger technology could also have an impact on the factoring landscape. How do you as a factoring solution provider take advantage of these opportunities?

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Disconnected Systems Leads to Disparate Cash Flows

Lockstep

Today’s accounting teams rely on several disconnected, disparate systems to close the books. Accounting processes rely on the notion of being able to share accounting data back and forth. This is true not only with trading partners (customers and vendors), but with financial institutions and auditors, as well.

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Your options when an invoice becomes overdue

Hilton Baird

Discover the three options businesses have when an invoice becomes overdue and the customer continues to resist or ignore your efforts. The post Your options when an invoice becomes overdue appeared first on Hilton-Baird Collection Services.

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Bectran Launches Automated Secretary of State Verification to Help Organizations Accelerate the Credit Decision-Making Process and Curtail Incidences of Fraud

Bectran

CHICAGO --(BUSINESS WIRE)— Credit, Collections & Accounts Receivable Software leader Bectran, Inc. has released the industry-leading automated Secretary of State Corporate Verification solution. The Secretary of State Corporate Verification solution allows companies to automatically verify the corporate identity and business profile of potential business credit customers by referencing Secretary of State databases across all 50 states.

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Best Business Loans for Immigrants (and Where to Find Them)

Beyond Capital Blog

Depending on the use of the loans, there are many options out there. In addition to the unique challenges of immigrants, there are still the basic requirements of any business loan to consider. The post Best Business Loans for Immigrants (and Where to Find Them) appeared first on Fast Capital 360.

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Mergers & Acquisitions Growing: What Does it Mean for Your Institution?

Abrigo

The Key to Successful Mergers & Acquisitions Mergers and acquisitions are a great way to get ahead, but what might consolidation mean for your institution? You might also like this webinar, "Mergers & Acquisitions in a CECL Environment." WATCH . Takeaway 1 Due to their many benefits, mergers and acquisitions are on the rise in today's competitive financial marketplace.

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Product: B2B Vendor Portal

Serrala

Product: B2B Vendor Portal. cp. Mon, 04/11/2022 - 12:44. Simplify your Vendor Invoice Management. B2B Vendor Portal. col-md-4. Easier vendor invoice management and improved Accounts Payable Processes. Vendor invoice management is often a time-consuming, manual task that is prone to errors and time delays. According to the Institute of Financial Management (IOFM) benchmarking data, AP teams spend almost one-quarter (22%) of their time answering basic supplier queries.

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Three Ways to Reduce Your Outstanding Accounts Receivable

Lockstep

Is your AR Aging creeping beyond resolution? Are you even able to review and report on your aging accounts receivable? The role of accounts receivables (AR) teams is increasingly important as the backbone of your organization’s financial health. However, the last two years have proven that the standard manual AR processes are not sustainable for the long-term success of the organization.

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Rankin Biomedical Improves Their Clients’ Financial Health by Partnering With Team Financial Group

Team Financial Group

When hospitals, universities, and other laboratories need anatomic pathology lab equipment, they turn to Rankin Biomedical. Based in Holly, MI, Rankin provides a comprehensive line of refurbished medical equipment, including histology and cytology lab apparatuses for cancer diagnostics. Buying this kind of equipment brand new is prohibitively expensive, and many labs don’t have the budget to accommodate those prices.

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Does Cash Flow Affect My Business Loan Application?

Headway Capital

When you apply for small business funding, lenders take a variety of factors into consideration before making a decision. Details. The post Does Cash Flow Affect My Business Loan Application? appeared first on Headway Capital Blog.

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Business Loan vs. Credit Card: Which Is Best?

Beyond Capital Blog

Business credit and business loans are two major funding options for companies today. Which is better for yours? We weigh the pros and cons. The post Business Loan vs. Credit Card: Which Is Best? appeared first on Fast Capital 360.

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Banking Computer-Security Incident Notification Requirements Take Effect

Abrigo

New Rule Outlines Computer-Security Incident Notification Obligations for Banks Financial institutions and their service providers should prepare to meet new computer-security notice requirements by May 1, 2022. . You might also like this webinar, "Russian Sanctions: Impact, Implications, and Best Practices." WATCH. Takeaway 1 Financial institutions must revise their incident response and business continuity procedures to meet new requirements by May 1, 2022.

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Does Cash Flow Affect My Business Loan Application?

The Business Backer

When you apply for small business funding, lenders take a variety of factors into consideration before making a decision. Details. The post Does Cash Flow Affect My Business Loan Application? appeared first on The Business Backer.

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Impact of Sri Lanka’s Economic Crisis on India?

MNS Credit Management Group

An economic crisis occurs when a country’s economy suffers a major decline. We also refer to it as a genuine economic downturn. A financial crisis is almost always the catalyst for an economic downturn. Typically, GDP declines during a crisis, liquidity dries up, and property and stock market prices collapse. It’s a downward economic spiral that’s just getting worse.

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A Trusted Partner to Assist Wolverine Machine’s Growth Mindset

Team Financial Group

Having been in operation for almost a century, Wolverine Machine knows a thing or two about machining. Their made-to-print metal manufacturing business is dedicated to keeping up with the latest machining technology. Keeping up with the latest technology can be a challenging financial feat, but it’s a great way to keep your competitive edge. With Wolverine Machine’s acquisition of eight new machines in the past 14 months, they were happy to have a nontraditional lending partner they could trust.

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The Different Stages of Business Growth

Prime Commercial Lending

Business is all about growth. The idea is to continually progress and expand until you’ve established something that can sustain the lifestyle you’re working for. While businesses grow differently depending on the industry, products, services and marketing strategies they employ, there still are some general stages of business growth that every company goes through.

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Best Gym Equipment Finance Options for Your Business

Beyond Capital Blog

Looking to finance gym equipment? We'll help you decide whether to secure a loan or lease equipment for your small business. The post Best Gym Equipment Finance Options for Your Business appeared first on Fast Capital 360.

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Countdown to CECL: A Timeline for Credit Unions

Abrigo

This post was substantially updated from the one originally published February 28, 2020. Preparing for 2023 Credit unions have a 2023 deadline for CECL implementation, leaving limited time to refine their processes. This timeline will help plan the transition. Get CECL compliant. Learn how with the CECL Streamlined webinar series. REGISTER. Takeaway 1 "Analysis paralysis" and the pandemic put CECL implementation on the backburner for many credit unions.

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GoCardless’ latest sustainability news and activities

GoCardless

Discover our latest sustainability updates, including details on two new reports

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