Sat.Oct 22, 2022 - Fri.Oct 28, 2022

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Your Work Isn't Finished Even Though the Customer Has Paid

Your Virtual Credit Manager

Photo by Ramiro Mendes on Unsplash Remittance processing is a true “back office” process. If everything goes according to plan, nobody notices. However, any departure from the routine can lead to posting delays in addition to impacting future revenue and cash flow, alienating customers, and increasing administrative costs. Who would’ve thought?

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Preparing your financial institution to manage loan workouts, loan modifications

Abrigo

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." WATCH. Takeaway 1 Signs point to increased loan modifications and loan workouts, and regulators have urged financial institutions to work prudently with borrowers. .

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Recruitment Backdoor hiring- episode 1

Credit Management Group UK

Back door hiring effects many recruitment firms. This is where an employer takes on a candidate that you have introduced, without telling you, in an attempt to avoid paying the agreed fee. Backdoor hires like this can happen if you have sent a CV with the candidates’ personal details on them. It can also happen after the employer has interviewed a candidate.

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How to Keep Track of Business Expenses

FundThrough

Tired of keeping track of your entire business in your head? Ready to start making business decisions based on facts instead of pure gut feeling? Then the first thing you need to do is begin properly tracking your business expenses. Business expenses are just things your business spends money on to keep operating. They include […]. The post How to Keep Track of Business Expenses appeared first on FundThrough.

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Understanding the Tax Rules Surrounding Businesses and Hobbies

Inc. Authority

With so many Americans stuck at home with nothing to do during the pandemic, new hobbies became quite popular. In fact, more than half of American adults took on a new hobby during COVID-19, according to a report from LendingTree. … Continue reading → The post Understanding the Tax Rules Surrounding Businesses and Hobbies appeared first on Inc Authority.

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Why Data Contribution Matters

MSCCM

The importance of data contribution is often misunderstood or undervalued in the commercial credit sector, which may deter individuals from exploring this concept further. Data contribution — especially combined with proper portfolio management — is crucial to getting the most out of the commercial credit experience, for credit professionals and clients alike.

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How to get paid faster: 10 pro tips to optimize payments

billtrust

Blog Post. Blog Post. How to get paid faster: 10 pro tips to optimize payments. Share with your network: Mail. LinkedIn. Facebook. Twitter. What you’ll learn. A quick primer on payment processing The five steps of payment processing grief 10 steps to get paid faster How do you motivate customers to pay? How to control a negotiation. Are you tired of waiting months for your clients to pay you?

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Making Room for Ambition: No Ceilings at LSQ

lsq

When Drew Vanderriet graduated from university with a mechatronics degree, he made a (literal and figurative) surprising move: instead of taking an engineering job in his native South Africa, he packed up and moved nearly 8,000 miles away to teach English in South Korea. “At the time, I was not interested in the job opportunities that were available for me in South Africa, which was mostly working in the automotive factories,” Drew said.

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Liquidity Management Lessons

TreviPay

Tough times tend to bring out the best in people – and organizations. Many corporate finance functions and treasury teams thrived during the uneasy early days of the global pandemic. Some of the liquidity management adjustments finance and treasury leaders made in response to pandemic-related uncertainties are now proving valuable to their organizations in the face of new forms of volatility.

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12 Cold Calling Statistics That’ll Draw in Customers

NorthOne

Cold calling might not be as popular as it once was, but it still works. Calling up potential customers to sell them goods and services stands out these days—but how can you make cold calling more effective? These cold calling statistics will help you determine whether cold calling is right for you and how to best refine your strategy. From cold calling success rates to how many cold calls it takes to make a sale, the following statistics should be enlightening for businesses and marketers. 1. 8

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How to Conduct an Accounts Receivable Analysis

Gaviti

An accounts receivable (A/R) analysis report is a tool used to assess your A/R in aggregate, giving you a better understanding of cash flows. A complete accounts receivable analysis cannot be achieved with one method, so teams will need to combine several techniques. Fortunately, analysis of receivables is straightforward enough with the right tools behind you.

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Work Productivity Hacks That Give Results

Skogen Capital Lending

As a businessperson , you have much on your plate. No matter how much gets squared away, you never seem to clear your to-do list. Your venture would perform better if only you were able to complete more. Fortunately, you can. Incorporating the following productivity hacks into your working life may see you getting incredible amounts done. Start Days Sooner.

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How to Improve Your Personal and Business Credit Scores

Headway Capital

A good credit score can make all the difference. Lower interest rates. Better deals. Greater chance of approval. And this. The post How to Improve Your Personal and Business Credit Scores appeared first on Headway Capital Blog.

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How to Open a Facebook Business Account in 11 Easy Steps

NorthOne

With nearly 2 billion daily active users, Facebook is one of the most visited websites and the largest social media platform in the world. But it’s not just popular among the masses of everyday people—over 200 million small businesses have Facebook business pages. So, if your company doesn’t have a business page, it’s time to open a Facebook business account!

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Loan Comps are Useless, but Financing Comps are not.

StackSource

At first glance, you may think looking at loan comps in the area would provide some useful insight as you look to purchase your next property. Find out below why it's not as good as it seems, and what to actually focus on.

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Tips for Saving Money During Thanksgiving

Credit Absolute

Thanksgiving is a very important event for many families and friends. They get to host each other, spend some good times and share meals. However, if not kept in check, the cost of hosting the event can spiral to unimaginable heights and this may leave the hosts dealing with the effects of a budget gone […]. The post Tips for Saving Money During Thanksgiving appeared first on Credit Absolute.

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Do Older Founders Have Traits that Make the Best Entrepreneurs?

Enterprise Recovery

In a recent Forbes article, the contributor suggests that older entrepreneurs outperform younger startup founders and lists numerous examples. GoDaddy was founded by Bob Parsons at age 47. E-Trade started with Bill Porter at age 54. Leo Goodwin, the founder of Geico, was 50. The article goes on to state that as individuals age, they're more likely to build a successful company.

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What is life at Billtrust like for Director of Customer Support Sabina Rusinek

billtrust

Blog Post. Blog Post. What is life at Billtrust like for Director of Customer Support Sabina Rusinek. Share with your network: Mail. LinkedIn. Facebook. Twitter. Formed and refined by two decades of stability and growth, Billtrust’s company values help shape our culture of innovation, accountability and work-life balance. And that culture is driven by the quality and the diversity of people on the Billtrust team.

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Fraud 101 Webinar: The real impact on business

GoCardless

Hear payment experts from GoCardless and Plum as we deep dive into payment fraud to provide you with a better understanding of the different types of fraud and how they are already impacting your business.

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United VARs Academy 2022

SOA People

The first week of October saw the United VARs Academy in the beautiful city of Barcelona with 20 consultants, five trainers and five special guests from 12 countries, including SOA People's team.

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Prosper Marketplace provides access to fixed-rate Home Equity Loan product, helping customers tap into historically high home equity

Prosper

Peer-to-peer lending pioneer expands suite of home equity products amid strong performance, supporting more customers across the credit spectrum. In times when interest rates are expected to continue rising, a HELoan through Prosper offers customers peace of mind and stability with a fixed rate that won’t increase. Expansion of Prosper’s home equity line of products builds on its accelerated year-over-year growth and commitment to deliver value for customers and investors.

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How To Calculate Allowance for Doubtful Accounts

Gaviti

Allowance for doubtful accounts (ADA) is a financial metric that estimates the value of rendered services or goods sold that you don’t expect to get paid for. Essentially, it’s a tool used in accrual accounting as a way of tracking bad debt up front with the end goal of maintaining more accurate financial statements. But what is the allowance for doubtful accounts in application and how do companies calculate it?

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Operating Expense vs. Capital Expense

StackSource

Capital Advisor Michael Coffee discusses where to enter capital expenditures on a profit and loss statement and how that can impact your ability to leverage your CRE.

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How CFOs are Embracing Technology to Get Ahead

The Corcentric Blog

CFOs are now expected to supplement their financial acumen with tech savvy, to deliver the financial performance and insight a successful business needs.

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What to do when a customer will not pay

Chaser

No one likes to deal with late payments, but unfortunately, it is something that every business has to face at some point.

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Employee Retention

Professional Credit

Employee Retention. The US job market’s last two years were chaotic. Tens of millions of people lost their jobs in the first half of 2020, thousands more turned their living rooms into conference rooms. A year of solitude in quarantine seemed to have led many to reconsider, reevaluate, and reprioritize; people are newly empowered to be more selective and strategic about their employers.

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Solving the challenges of collecting one-off payments with open banking

GoCardless

Tackle failure rates and poor visibility with one-off instant payments

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Why Becoming a SmartWay Affiliate Is a Smart Move for Fleets

The Corcentric Blog

The EPA agency has provided its more than 3,700 partners with strategies, ideas, and initiatives for emissions reduction.

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For LSQ, First Three Quarters of 2022 Marked by New Partnerships and Product Innovation

lsq

ORLANDO, Fla. (Oct. 25, 2022) – Heading into the fourth quarter of 2022, LSQ , a leading provider of working capital management and finance solutions, is riding a wave of momentum and growth from a record first nine months of the year. “LSQ has hit some important milestones so far this year,” said Vikas Shah, LSQ’s Chief Revenue Officer. “We have developed key new partnerships that have driven our diversity, equity and inclusion (DEI) initiatives, saw our first supply chain finance [SCF] p

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What Are B2B Payments?

TreviPay

The business sector underpins the world’s economy. It’s estimated to make up 72% of the OECD’s total GDP. Businesses fall into one of two categories based on what type of market they serve. Businesses that sell goods or services to consumers are known as B2C. On the other hand, those that sell to other businesses are known as B2B. The B2B eCommerce market is predicted to grow between 19.7% between 2022 and 2030.

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Introducing GoCardless Protect+: The next generation of fraud prevention

GoCardless

Always be a step ahead of fraud with GoCardless Protect+

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