Your Virtual Credit Manager

DECEMBER 19, 2023

If you are an executive at a small or mid-sized business, chances are you are in the process of putting together a budget for 2024, or have already done so. As part of that budget, you have likely made some accommodation for your accounts receivable (AR), probably in the form of a Days Sales Outstanding (DSO) objective based on past performance. Maybe you have factored in an incremental improvement in DSO, but how much thought have you given to how you are going to meet that budgeted goal?

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DSO Third Party Collections Credit and Collections Deductions 130

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DECEMBER 22, 2023

Being on a very tight budget can make life challenging. But it can also provide an opportunity to be creative, resourceful, and resilient. Even so, in today’s world, where living costs seem to be rising constantly, you need to find more ways than ever to make your dollar stretch. Whatever your situation, whether you are a student, a young professional, or someone on a fixed income, there are many ways to maximize your budget.

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Know-It Global

DECEMBER 20, 2023

What a year it’s been. A record-breaking year for signups, over £25 million in late payments collected in platform, key hires made, awesome product updates and even a trip down under all squeezed into 1 year. Let’s take a look back at all the things we’ve been up to in 2023! January Starting The Year On A High With The Addition Of Chris Anderson Chris joined Know-it in the new year as Group Commercial Director, to drive the UK and International growth plans for the business.

Credit and Collections 105

Credit and Collections Debt Collections Credit Management Credit Risk 105

Plooto

DECEMBER 21, 2023

In 2024, accountants will no longer be deemed company number crunchers as they gain access to technology that allows them to play an increasingly strategic role in business decisions. It’s a role transformation that’s already begun, sparked by the accelerated adoption of digital accounting, fueled by cloud computing, automation, and AI.

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Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. You might also like this resource, Abrigo's "2022 Loan Review Benchmark Survey Results." download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023.

Credit Risk 88

Credit Risk Credit Unions Dashboards CECL 88

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DECEMBER 22, 2023

While the past several years of historically low-interest rates helped support a red-hot market for companies being sold or raising money at soaring valuations, there have more recently been hiccups in the road brought about by interest rates hitting their highest levels in more than two decades. The higher rate environment has created headwinds in capital markets, impacting venture funding, lending, and mergers and acquisitions.

Accounting Firms 102

Accounting Firms Small Businesses Transactions 102

Accounting Department

DECEMBER 19, 2023

Reports play a crucial role in managing a business effectively, and QuickBooks provides a wide range of reports that can help small and medium-sized businesses track their financial performance and make informed decisions. These reports provide valuable insights into various aspects of the business, such as income, expenses, sales, inventory, and payroll.

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Abrigo

DECEMBER 18, 2023

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. You might also like this webinar on credit department housekeeping. WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters.

Credit Unions 88

Credit Unions Credit Risk Insurance Companies Small Businesses 88

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DECEMBER 21, 2023

Ideally, you’ll start planning and saving for retirement decades before you actually retire. And during retirement, you’ll need to think carefully about how you manage your finances and how you take care of yourself to ensure you don’t outlive your savings. But what should you be doing in the five years or so before you retire, to make sure your retirement is a successful, financially bountiful, comfortable one?

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Credit Management Group UK

DECEMBER 18, 2023

Over the Christmas period many businesses experience a slow-down in their work, with some closing down for an entire week, inevitably cash flow will be impacted to some extent. As a result of this many businesses will return fully to work at the beginning of January in a panic to kick-start their cash flow again for the New Year. The stress of this is entirely unnecessary if a business prepares in advance for this slow period and takes all necessary steps in preparing their cash flow.

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Credit and Collections Credit Management 85

Accounting Department

DECEMBER 21, 2023

Outsourced client accounting services play a crucial role in helping businesses take control of their financials. These services involve outsourcing the accounting and bookkeeping tasks to a third-party service provider, allowing businesses to focus on their core operations. The role of outsourced client accounting services goes beyond basic bookkeeping; it includes managing accounts payable and receivable, payroll processing, financial reporting, and more.

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Plooto

DECEMBER 20, 2023

Enterprise-quality software is now within reach for growing businesses and accounting firms.

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Accounting Firms 105

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DECEMBER 16, 2023

Entrepreneurship involves numbers. It’s as simple as that. However, the way each entrepreneur interacts with numbers, especially when it comes to finances, varies from one individual to the next. Even billionaires like Richard Branson have their struggles. Branson is dyslexic and struggled to grasp the difference between terms like net and gross. And yet, the man has built one of the biggest business empires in Europe.

Small Businesses 98

Small Businesses Transactions 98

Reorg Blog

DECEMBER 22, 2023

Reorg is launching a quarterly global report focused on the gaming sector, highlighting key data points and developments relevant to high-yield and leveraged loan issuers. To see the report in a print-friendly format, click HERE. A relative value discussion will follow.

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blue dot counseling

DECEMBER 22, 2023

The second bank account is incredibly useful because inevitably it means there is less money in the main bank account and this is a great indicator of how profitable your business really is. The post Cashflow and upfront payments – do not think you are richer than you are! appeared first on Blue Dot Consulting.

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Bad Debt Credit Management 52

Chaser

DECEMBER 21, 2023

It's that time of the year again, and at Chaser, we're embracing the festive spirit in a virtual setting! From the Ukraine, Philippines, Portugal and all around the UK, the Christmas Partner at Chaser is one not to miss!

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DECEMBER 20, 2023

Mastermind groups possess the power to propel individuals to new heights of success by connecting them with like-minded peers. These supportive environments often lead to life-changing breakthroughs. Today I share my personal experience with Mastermind groups and how they helped me scale my business and personal development. Joining the strategic coach Myjourney began when I joined the Strategic Coach, a business coaching program designed specifically for high-income earners.

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Reorg Blog

DECEMBER 19, 2023

It has been four years since the Muddy Waters short-seller report on NMC Healthcare was published, leading to a collapse of the group’s London-listed shares, allegations of financial fraud, and the implementation of the largest restructuring ever undertaken in the Abu Dhabi Global Market, or ADGM, Courts.NMC’s restructuring was groundbreaking not only in its size, but also in the novel use of restructuring technology, cross-border recognition and court cooperation.

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blue dot counseling

DECEMBER 20, 2023

Outsourced accounting has been with us for many years, at all levels from the freelance bookkeeper to the interim Finance Director. No change there, but technology is making outsourced accounting much easier to buy and to deliver. The post Outsourced accounting – the way of the world appeared first on Blue Dot Consulting.

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Commercial Lending

DECEMBER 19, 2023

What a rollercoaster of a year 2023 has been. So much has happened in the commercial financing world it is hard to summarize it all. Now that we are in the final days of December, we hope to bring some perspective to what has certainly been a crazy year in the banking world and set some expectations for 2024. The Outlook for 2024: We do believe the Federal Reserve will lower interest rates next year, and that will bring down short-term interest rates tied to the Prime rate.

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DECEMBER 19, 2023

Solar power is a rising star in the world of energy. The green tech is a renewable resource with well-developed tools for harvesting sun-infused energy. It also has a clear path to utility on both corporate and individual levels. The cost is the main issue for many homeowners who want to go solar. For those operating on a tighter budget, it’s difficult to justify (let alone afford) the hefty price tag that solar systems are known to come with.

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Reorg Blog

DECEMBER 21, 2023

The post Direct Lending Pipeline Picks up in H2 2023 Reversing H1 Trend; Adevinta Sets Precedent for Pricing and Terms on Large Cov-Lite Unitranche Deals appeared first on Reorg.

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blue dot counseling

DECEMBER 19, 2023

Bookkeeping and accounting are not for everyone and often it's better to outsource some or all of your bookkeeping so you know it's being done well and to ensure you're getting the financial information you need in order to run and grow your business profitably. The post Outsource QuickBooks bookkeeping appeared first on Blue Dot Consulting.

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Commercial Lending

DECEMBER 19, 2023

As of August 1 st , 2023 the new Standard Operating Procedure (“SOP”) for SBA lending (Small Business Administration Loan Programs) went into effect, and there was an update that went into effect on 11/15/23 that further clarified many of the changes already included in the August update. Below is a summary of some of the largest and most impactful changes to the program guidelines.

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Transactions Small Businesses 52

Inc. Authority

DECEMBER 18, 2023

With its sunny skies and crystal blue water, it’s not surprising that so many people flock to Florida to live. And when it comes to forming an LLC, Florida is at the top of the list. This is largely due … Continue reading → The post How to Start an LLC in Florida: Step by Step appeared first on Inc Authority.

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Reorg Blog

DECEMBER 21, 2023

The post Litigation Coverage: Kenvue, Procter & Gamble, GSK, Retailers Face New Multidistrict Litigation Proceeding After FDA Panel Questions Efficacy of Phenylephrine-Based Decongestants appeared first on Reorg.

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DECEMBER 18, 2023

The S&P 500 index has experienced a staggering increase of 15.2% over just 33 trading days, capturing the financial world’s attention. Various factors have contributed to this significant rise, including the Federal Reserve’s actions and an ongoing disconnect between the stock market and the central bank. This article will explore the events that led to this remarkable rally and discuss the potential implications for interest rates and the market.

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Plooto

DECEMBER 19, 2023

If we have to reimburse our employees, if we have to pay our vendors, if we have to provide rebates and discounts to our customers, we use Plooto for everything.

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GoCardless

DECEMBER 18, 2023

What is the Blueprint and how will it impact payment progress in 2024 (and beyond)

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Reorg Blog

DECEMBER 21, 2023

This report provides an updated overview of how various protections can mitigate the possibility of a double-dip or pari-plus transaction.

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Transactions 64

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DECEMBER 18, 2023

Tax is often an overlooked aspect when it comes to wealth-building strategies. However, understanding and utilizing tax-saving strategies can save individuals hundreds of thousands or even millions of dollars. The immediate return on investment (ROI) generated by these strategies contributes to compound growth, making tax management an essential part of wealth-building.

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