August, 2022

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Are Your Invoices Delaying Customer Payments?

Your Virtual Credit Manager

While it is true that accurate invoices are sometimes lost or paid slowly, a major cause of delinquent receivables is failing to meet the customer’s invoicing requirements. Government agencies, big box retailers or other large customers often have invoicing requirements that may differ from the industry norm. In addition, the longer you take to deliver … Read more.

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Strategies for growing commercial loans

Abrigo

Expanding the commercial loan portfolio in today's market With the right strategies, banks and credit unions can expand their commercial loan portfolios successfully. You might also like this webinar on commercial lending strategy. WATCH . Takeaway 1 Commercial loans have remained strong through the pandemic despite high inflation rates and unstable conditions.

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More Signs Your Accounting Inbox Needs a Workflow Overhaul

Lockstep

Email was never designed as an accounting tool. Using email to manage the inflow of communications and documents to/from customers and vendors may make sense on paper, but when managing multiple streams and questions from customers and vendors, email quickly outgrows its welcome for accounting teams. . Managing accounting tasks through basic email tools no longer is “simple” and in fact causes more problems than it solves.

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What is a Business Credit Report?

MNS Credit Management Group

Introduction: Business Credit Report. Many businesses are unaware of what a business credit report is, how it operates, or how to use it to win contracts, establish your company’s creditworthiness, or lower costs related to interest rates and insurance premiums. Despite the fact that a business credit report can provide important information about a company’s financial health, many businesses aren’t fully aware of what it is.

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Licensing vs. Franchising: Which One Is Right for You?

Beyond Capital Blog

Learn about the pros and cons of licensing vs. franchising and how to decide which opportunity is right for you. The post Licensing vs. Franchising: Which One Is Right for You? appeared first on Fast Capital 360.

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The Changing Landscape of B2B Payment Methods: A Modern Look | Apruve

apruve

The B2B payments landscape is changing rapidly as the business world transitions to digital. B2B buyers seek the same simple purchasing experience they have in their personal lives with payment pioneers like Amazon and Venmo. Experts predict that within three years, 50% of B2B payments will happen digitally. In this article, you’ll learn about the current state of B2B payment models, services and products, and what the future likely holds for B2B payments.

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3 Electronic signature benefits for banks and credit unions

Abrigo

E-signature capabilities benefit both customers and staff Banks and credit unions that leverage electronic signature capabilities reap the benefits of a more efficient lending process. Would you like other articles like this in your inbox? Takeaway 1 Optimize the signature collection process. Better communication, data collection, and storage offer opportunities for efficiency gains.

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How to Get a Business Credit Card

Fundera

No matter the size of your business, applying for a business credit card can offer a variety of benefits. You can use a business credit card to cover everyday expenses, build your credit history, and, in most cases, earn rewards for your spending. Plus—unlike personal credit cards— business credit cards tend to have higher limits and include unique tools to help you organize your finances.

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Product: FS2 Credit

Serrala

Product: FS2 Credit nv Mon, 08/29/2022 - 11:43 Innovative Credit Risk Management Software for SAP Credit Management col-md-4 Home Optimized Credit Risk Management for SAP Instant Visibility and Proactive Credit Risk Mitigation with FS² Credit Are your credit clerks still spending most of their time data sourcing instead of analyzing relevant credit data in real-time?

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The Year’s Best Business Lines of Credit (and Lenders)

Beyond Capital Blog

When you need flexible business financing, a line of credit is a top solution. Here are the best business lines of credit and the terms of each. The post The Year’s Best Business Lines of Credit (and Lenders) appeared first on Fast Capital 360.

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Business Accounting Defined

Skogen Capital Lending

Accounting gives business owners insight into the financial health of their company and without it, you’re paralyzed. An accountant can keep track of your business finances, including cash flow. The three primary types of business accounting are: Financial Managerial Tax. In this blog, we’ll explain how business accounting works. What is Business Accounting?

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JDE Concrete Builds a Strong Foundation with Team Financial Group

Team Financial Group

Serving the greater West Michigan area, JDE Concrete offers concrete construction for residential, commercial, and agricultural customers. JDE also takes on specialty projects, like waterproofing, epoxy flooring, and decorative and stamped concrete. Since being founded in 1997, JDE has expanded their equipment and services to handle any concrete project from start to finish.

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Loan-pricing models: What to consider for loan origination software

Abrigo

Leveraging the efficiencies gained from lending software Banks and credit unions that leverage an integrated lending and credit platform reap the benefits of a consistent, efficient and defensible lending program. Would you like other articles like this in your inbox? Lending and Credit Software. Leveraging software to gain efficiency. Takeaway 1 Optimize profitability through loan pricing models.

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How to Recession-Proof Your Business

Eagle Business Credit

If you pay attention to economic news, you may be concerned at an impending recession. There are some signs that we will see a period of recession soon. This does not mean you should panic and lay off half of your team. Instead, there are 3 main things you should do right now to recession-proof your business. Update: August 2022: When Will the Next Recession Be?

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Product: Payments for SAP

Serrala

Product: Payments for SAP. nv. Mon, 08/29/2022 - 11:42. col-md-4. Manage and automate payments efficiently within SAP. Payments for SAP. FS² Payments: Centralized processes for all your outbound payments. Centrally manage and automate payments 100% embedded in SAP. Are you seeking central transparency over your company-wide financial transactions? Or have you had experienced attempted fraud on your system?

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What’s the Average Marketing Budget for Small Businesses (and How Much Should You Spend)?

Beyond Capital Blog

Here’s a glimpse at what small businesses spend on marketing along with 7 ways to start building a marketing budget for your small business today. The post What’s the Average Marketing Budget for Small Businesses (and How Much Should You Spend)? appeared first on Fast Capital 360.

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What To Do if Your Application Is Declined

Headway Capital

Funding is essential to running a small business. Whether you’re just starting out or looking to grow, having the right. The post What To Do if Your Application Is Declined appeared first on Headway Capital Blog.

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What To Do if Your Application Is Declined

The Business Backer

Funding is essential to running a small business. Whether you’re just starting out or looking to grow, having the right. The post What To Do if Your Application Is Declined appeared first on The Business Backer.

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How to create a credit risk rating system

Abrigo

Develop a credit risk rating system. Having an internally developed risk rating system is common. Here are some best practices on the creation process. You might also like this webinar, "Position yourself for high-yielding ag loan growth." WATCH . Credit risk rating. Start with the basics. For banks and credit unions, a popular tool to monitor credit risk is a standardized risk rating system, which can serve several purposes.

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A Note from Jeff Johnson

Professional Credit

August 24, 2022. Times continue to change and challenge even the healthiest businesses, but one constant remains the same. That constant is Professional Credit’s commitment to making the collection and recovery process on past due balances easier for consumers, easier for clients and a better value for all. Easier for Consumers : Professional is known for its exceptionally kind interactions with consumers which produces positive results.

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Flawless Execution of Professional Billing for Northern Regional Hospital

SSI Healthcare Rev Cycle Solutions

Flawless Execution of Professional Billing for Northern Regional Hospital. August 24, 2022. August 24, 2022. Northern Regional Hospital is a leading provider of quality, affordable medical care, serving patients in Mount Airy, NC, and surrounding regions since 1953. The hospital features comprehensive healthcare solutions for an expansive range of specialties, including state-of-the-art emergency, diagnostics, and surgery centers.

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How to Find Workers in a Challenging Job Market

Beyond Capital Blog

As a business owner, a challenging job market can make it difficult to find (and retain) good workers. Here are 10 tips for navigating a tricky employment climate. The post How to Find Workers in a Challenging Job Market appeared first on Fast Capital 360.

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Get Familiar with Invoice Financing

Skogen Capital Lending

Invoice financing is a type of financing that allows businesses to quickly obtain funding for outstanding B2B invoices. In return, the business pays the finance company a fee- usually, a percentage of the amount borrowed. Types of Invoice Financing. There are three types of invoice financing: Invoice factoring: a finance company purchases outstanding invoices and will collect the payments on those invoices.

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4 Ways Multiple Financing Options Can Help Grow Your Business

Headway Capital

Running a business is full of challenges, and growth can add new ones. Adequate funding helps you meet every opportunity. The post 4 Ways Multiple Financing Options Can Help Grow Your Business appeared first on Headway Capital Blog.

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Check It Out: How Can You Better Protect Against Check Fraud at Your Institution?

Abrigo

Emerging Check Fraud Trends to be Aware of It seems check fraud will never go away, it just changes its approach every opportunity. Find out what the latest iteration looks like. You might also like this webinar, "Balancing compliance risk & reward with high-risk businesses." WATCH . Takeaway 1 The lottery or sweepstakes scam is becoming popular.

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How to Use a Personal Credit Card for Business: Full Guide for Beginners

The Red Spectrum

You are starting or growing your business, and the first question is naturally – credit. Can you use your credit card to start your business? Should you, what are the best practices, and how does it affect your business and credit score ? And what are the benefits of opening a business credit card instead? Let’s dive in with the main info right away.

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4 Ways Multiple Financing Options Can Help Grow Your Business

The Business Backer

Running a business is full of challenges, and growth can add new ones. Adequate funding helps you meet every opportunity. The post 4 Ways Multiple Financing Options Can Help Grow Your Business appeared first on The Business Backer.

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What Are the Different Types of Business Organizations?

Beyond Capital Blog

Here are the most common business organizations and how they can impact you, your partners, earnings and business’s legacy. The post What Are the Different Types of Business Organizations? appeared first on Fast Capital 360.

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Compassionate communication

Waystar

Boost patient loyalty + payments by going back to the basics Patients often find their medical billing experience confusing and frustrating, especially around understanding what they owe and why. Fortunately, this is solvable with technology, communication and compassion. Technology can help healthcare organizations communicate to patients about the cost of services earlier and make billing easier.

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Infographic: Get Out of the Denial Danger Zone

SSI Healthcare Rev Cycle Solutions

Infographic: Get Out of the Denial Danger Zone. Positioning Your Organization to Win at Denial Management. August 17, 2022. With claim denials on the rise and nearing the “danger zone” at many hospitals, it’s important to leverage all the tools available to help you identify, manage, and ultimately prevent as many denials as possible.

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Effective model risk management and model validation in banking

Abrigo

Best practices for assessing models and managing risk Sound model development, implementation, use, and validation is especially important as CECL models debut. . Would you like other articles like this in your inbox? Takeaway 1 Models are relied upon to answer financial reporting and decision-making questions, including CECL reporting and budgeting.

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