Fundera

JULY 31, 2017

Online marketing is vital for any small business hoping to stay competitive. But what online marketing tactics should you focus on in your limited time is a busy entrepreneur? Here are 10 essential digital marketing tips for small business owners. 1. Start with Your Website. “Make sure you have an updated, mobile-friendly website that is easy for users to navigate across all devices and has a modern, clean design.”.

Small Businesses 111

Small Businesses 111

Abrigo

JULY 13, 2017

One month before the primary registration period ends. Register now and save $100 per registration. The 2017 Risk Management Summit presented by Sageworks is set for September 25-27th in Denver, CO. The Summit is the industry’s leading life-of-loan conference, spanning loan origination through portfolio risk management in a CECL - current expected credit loss - world.

Credit Unions 68

Credit Unions CECL Small Businesses 68

FICO Blog

JULY 30, 2017

Home Blog FICO Modelling Deposit Price Elasticity: What Is It All About? A price elasticity model enables the product team to set deposit rates with a sound understanding of the expected performance from the rate strategy FICO Admin Tue, 07/02/2019 - 02:45 by Neel Williams Senior Principal Consultant expand_less Back To Top Tue, 04/18/2023 - 08:45 The banking industry is rapidly changing as leading financial institutions have begun using predictive modelling and price optimization to improve dep

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Credit Risk 52

GoCardless

JULY 24, 2017

Many dynamic companies find the cash injection provided by business finance is exactly what they need to give their growth plans a kick start, and there are more types of funding available to businesses than ever before.

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52

Credit & Management Systems, Inc.

JULY 26, 2017

Attending CRF in Denver? Credit & Management Systems, Inc. will be at the CRF Credit & Accounts Receivable EXPO on Monday August 7, 2017. EXPO hours are 12 – 2 pm and 4 – 6 pm on Monday only. Stop by and let us show you what’s new in CMS Credit Suite. We’d love to chat about how your system can aid in streamlining your new account approval, current customer risk assessment, and/or collections monitoring processes so you are receiving maximum benefit.

Past Due Invoices 40

Past Due Invoices Credit and Collections Dashboards 40

Fundera

JULY 19, 2017

Virtual bookkeeping services are becoming more and more common. I recently flew across the country to meet with a client I’ve been working with remotely for over a year. He’s a rare exception. I have many clients with whom I’ll never meet in person. The Ecosystem. Here’s an example of how I am able to work virtually with clients. It’s all about the apps.

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Fundera

JULY 24, 2017

Starting your own business is a daunting task. And keeping your established business moving forward can be just as challenging. To get over the many hurdles starting and running a business presents, entrepreneurs need to stay productive and push through. If you need a little motivation to keep grinding away, here are 16 entrepreneurs’ favorite quotes on productivity in the workplace.

Small Businesses 103

Small Businesses 103

Fundera

JULY 2, 2017

Starting a new business is never easy. From setting up your legal structure to landing new clients to actually running the business—your to-do list can get out of hand pretty quickly. However, certain technology solutions can help you streamline processes and stay organized from the get-go. Try these six apps to make your life easier when you’re starting your new business. 1.

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Fundera

JULY 18, 2017

Do you know the difference between bookkeeping vs. accounting? Many small business owners don’t. Knowing the difference can ensure you hire the right professionals to advise you in your business. It can also help you know what to expect from each relationship. What’s in a Name? Many people use the words bookkeeping and accounting interchangeably. There’s a good reason for this.

Transactions 92

Transactions Small Businesses 92

Fundera

JULY 3, 2017

Today’s professional is busier than ever. With crazy work schedules, spending time with family and friends, cooking dinner, and maybe even working out every once and a while, when are we supposed to enjoy a quiet afternoon of reading? If you’re looking for a way to get business know-how, inspiration, and ideas—but don’t have time to read business books, business podcasts may be the perfect solution.

Small Businesses 89

Small Businesses 89

Fundera

JULY 19, 2017

If you’ve spent any amount of time researching how to market your small business to achieve the best results, you already know that email marketing is hands-down the #1 tool at your disposal. Even in the age of Snapchat, Instagram stories, and livestreamed social media, the numbers speak for themselves. Email is still 40 times more effective than social media at acquiring new customers, and the average small business earns a whopping $38 in ROI for every dollar spent on email marketing.

Small Businesses 82

Small Businesses Nonprofit Organizations 82

Fundera

JULY 29, 2017

Many small businesses overlook local marketing. They’re too busy getting caught up trying the strategies of Fortune 500 companies. Following the marketing strategies of the big players is great in theory. But unless you can compete with those huge marketing budgets, you’re likely not going to see the same levels of success. I’d guess you’re not one of those brands.

Small Businesses 81

Small Businesses 81

Fundera

JULY 25, 2017

The dreaded small business audit. Many business owners fear an audit by the IRS more than any other obstacle they might face. This fear—or at least, this level of fear—is largely unfounded. At its core, an audit is simply a “second look” by the IRS on a business’ tax return. The auditor compares the return to the business’ books, ensuring there are no discrepancies or other errors.

Small Businesses 79

Small Businesses Deductions 79

Fundera

JULY 7, 2017

If you’re a small business owner looking for quick business loans with little hassle, then a merchant cash advance probably looks like a pretty good deal to you. Online applications, same-day cash, and little documentation needed? Sounds just like what you need. But before you act on applying for a merchant cash advance , proceed with caution: Merchant cash advances are the most expensive financing option on the market.

Small Businesses 79

Small Businesses Default Credit Scoring 79

Fundera

JULY 17, 2017

Liability insurance is a necessary investment for every small business. Though it may seem like a costly nuisance at first, liability insurance could save you thousands of dollars in the long run. There are an infinite amount of challenges a small business can face—it’s important to protect against any associated risk that comes with the business you’ve worked so hard to build. .

Small Businesses 79

Small Businesses Insurance Companies 79

Fundera

JULY 6, 2017

Imagine this: You meet with your accountant at the end of the year to review your tax return and she tells you fantastic news. You made a sizable profit in your business! But you’re stunned because there’s no cash in the bank and you have no idea how you’re going to pay the income taxes now due on the profit. How can this possibly happen?

Transactions 78

Transactions 78

Abrigo

JULY 6, 2017

It’s been more than six months since the National Credit Union Administration (NCUA) issued its revised member business lending (MBL) rule in January 2017. Among other things, the new MBL rule further defines the difference between commercial and member business loans and states that non-member loans do not count toward the statutory MBL cap. With the new rule in effect, the NCUA has received several questions regarding its implications.

Credit Unions 68

Credit Unions Credit Risk 68

Fundera

JULY 13, 2017

More and more and small business owners are moving away from confusing spreadsheets in favor of accounting software like QuickBooks that makes it easy to track your expenses, set your budget, get organized when tax time comes around, and so much more. We know how busy you are as a small business owner. And while QuickB ooks is a pretty user-friendly platform, it does have tons of little-known features that can help you save even more time while you manage your expenses.

Transactions 78

Transactions Dashboards Small Businesses 78

Fundera

JULY 13, 2017

As side-hustlers steadily account for more and more of the nation’s workforce, our economy is shifting to one based on gigs and side jobs. Who makes up this burgeoning group, and what is making them choose non-traditional employment? Chirp Research conducted a study of this sweeping phenomenon to look into the nuances of our side-hustle nation. What is a side hustle exactly?

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Fundera

JULY 1, 2017

Your livelihood is vital to your well-being. And you wouldn’t want to put either at risk by not obtaining the proper insurance coverage when you’re starting your new business. The right plans protect your small business even as they minimize your risks. When you first decide to become an entrepreneur, it’s important to compare quotes and look into bundling.

Small Businesses 75

Small Businesses Insurance Companies 75

Fundera

JULY 10, 2017

For many small business owners with brick-and-mortar locations, uncertainty has become the norm. Even if you also sell your products through online channels, it can be tough to see a path forward with companies like Amazon and Wal-Mart looming ever larger in the retail, food, and ecommerce spaces. How can businesses best utilize their physical locations so that they don’t simply become a catalogue for shoppers who only browse and take their money elsewhere?

Small Businesses 75

Small Businesses 75

Fundera

JULY 23, 2017

Guest article by Mitch LaTorre. Financing a small business is complicated. In most cases, you need different ways to pay for your business needs. Having quick and easy access to funds to deal with a pressing business need is, of course, ideal for an entrepreneur. A business line of credit is the most popular and most cost-effective way to accomplish this.

Small Businesses 74

Small Businesses 74

Fundera

JULY 18, 2017

Business books serve many purposes. They can motivate and inspire. Educate and inform. They can make you happy—or angry. Sometimes reading business books is (almost) as good as having a mentor—or a network of people you can call upon when you need motivation or advice. I have read a lot of business books in my time, and some have really stuck with me.

Small Businesses 73

Small Businesses 73

Fundera

JULY 12, 2017

When you think of your first job, what comes to mind? Some might remember drudgery, mindless tasks, and small paychecks. Others may remember the feeling of empowerment and independence upon receiving their first paycheck. Whatever kind of job you had, there’s surely something you remember about it and there’s probably even more you learned from it. Lessons of perseverance, dependability, discipline, and even financial savvy can come from our first jobs.

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Fundera

JULY 25, 2017

When Tom Stanley asked William Danko for help studying the affluent in 1973, it began a decades-long collaboration that produced one of the most popular and influential books about money ever written, The Millionaire Next Door. The two PhDs explored what lies underneath everyday millionaires—the rich people among us who don’t overspend but save and invest wisely and have the bank accounts to show for it.

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Abrigo

JULY 28, 2017

In a recent webinar for credit union executives, Danny Sharman a risk management consultant with Sageworks addressed loan data for these institutions, especially as they look toward the currect expected credit loss model (CECL) that will be required for the allowance for loan and lease losses (ALLL). The webinar covered how credit unions can improve the quality of their loan data, assure data adequacy and take steps towards data validation and modeling.

Credit Unions 60

Credit Unions CECL Credit and Collections 60

Abrigo

JULY 25, 2017

In a recent Sageworks webinar Robert Ashbaugh, senior risk management consultant at Sageworks, discusses High Volatility Commercial Real Estate (HVCRE) lending best practices. How did we get here? Ashbaugh’s presentation begins with a quick summary of why regulators care about HVCRE. He starts by reviewing some of the data over the last decade, specifically the role that Acquisition, Development and Construction (ADC) loans played leading up to the 2007 recession.

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Default 60

Abrigo

JULY 24, 2017

The health and performance of your firm is determined by the volume and direction of your cash flow. The state of your cash flow can determine the future growth of the firm and impact the firm’s investment decisions. Selecting established and refined methods for cash flow management can be the difference between future success or failure for a company.

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Abrigo

JULY 24, 2017

Whether it’s an error in the valuation of Snapchat parent Snap or an error in the valuation of a mom-and-pop restaurant up for sale, a mistake in valuing a business can be costly – to both the owners and the valuation professionals. The costliness of errors in valuation is one reason accountants and others performing valuations spend hours to earn professional accreditations, and it is one reason professional associations develop standards for business valuations.

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Abrigo

JULY 20, 2017

Allaboutrisk.com (AAR) recognizes Sageworks as a credit risk vendor in its 2017 Risk Software Report. AAR is the global leader for online news, product and innovation information on risk, compliance, and trading. The 10th annual report features 60 leading risk software vendors and consultants from around the world and across various industries based on categories such as credit risk, governance, risk and compliance (GRC), and IT security/cyber risk, to name a few.

Credit Unions 60

Credit Unions Credit Risk 60

Abrigo

JULY 19, 2017

We’ve all heard it: Time is money. This proves true in the accounting industry as much as any other. While it is great to be busy, it can be a sign that you need to re-evaluate your day-to-day work for areas that can be streamlined. Evaluation can be most needed when your firm struggles to identify room for the ability to be proactive. The 4 steps below will provide suggestions on how your firm can streamline processes without losing the ability to be accurate and precise: 1.

Accounting Firms 60

Accounting Firms 60