Sat.Jun 03, 2023 - Fri.Jun 09, 2023

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Navigating Debt Collection Technique: The Amicable Approach

MNS Credit Management Group

Introduction When a firm faces the non-payment of one or more invoices, that company will initially try to recover what is owed using an amicable debt recovery approach. Debt collection may be a difficult and delicate procedure that frequently leads to conflict between creditors and debtors. An amicable debt-collecting technique has become more popular in today’s world, where keeping connections is extremely valuable.

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Is my accounting any good?

blue dot counseling

Towards the end of this burst of activity the accounting processes should be working on "autopilot" and everyone can concentrate again on delivering the profit and achieving growth potential of the business. The post Is my accounting any good? appeared first on Blue Dot Consulting.

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A Holistic Approach to Debt Collections

Your Virtual Credit Manager

People who are new to business collections are inclined to fall into one of several patterns. As a result, they tend to be too timid or too aggressive. They also may tend to get lost in the details or shoot from the hip. Seldom does a new collector appreciate the need for a balanced, holistic approach to debt collections. That’s because they are focused on the immediate task at hand without yet understanding the whole process Photo by NoWah Bartscher on Unsplash Some people are intimidated

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FREE Credit Management Reporting

Credit Management Group UK

The third instalment of our FREE toolkits is the Credit Management reporting section. These handy printouts explain the process you should follow and the best reports you should be creating in order to keep a close eye on your cash flow. Credit management reports are useful to track the collection performance, by reporting key measurements every month, trends can be monitored.

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5 Overdue Invoice Reminder Email Templates | Blog

Chaser

Overdue payments can cause challenges for businesses and deeply affect any business’s cash flow. If your incoming cash is unpredictable, it's much harder to manage your outgoing cash. It's essential that you find ways to encourage your clients to pay on time. You can do this by communicating with them regularly via an organised set of polite, yet persistent, overdue invoice reminder emails.

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How to Increase Your Credit Score with a Secured Credit Card

Credit Absolute

A good credit history means good rates on loans and other credit facilities. Once damaged though, rebuilding your credit can be difficult. However, you can get started by using a secured credit card that is easier to acquire than most other lines of credit. In this post, we shall look at how to increase your […] The post How to Increase Your Credit Score with a Secured Credit Card appeared first on Credit Absolute.

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10 Reports every bank and credit union should run NOW

Abrigo

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions. You might also like this webinar: "Identifying emerging CRE credit risk red flags" WATCH Takeaway 1 Financial institutions face increased scrutiny over their risk management following recent bank failures.

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How to use promised payment dates

Chaser

The current late payment crisis has significantly impacted businesses of all sizes, reducing cash flow and creating additional financial pressures that threaten business survival.

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How to Build Sustainable Streams of Income With an Online Show

Due

Move over, P.T. Barnum. Make way, Sarah Bernhardt. Today, anyone can make an income being a headliner thanks to the upsurge in popularity of the humble online podcast. Though podcasting has been around for more than 20 years, it’s only recently begun to take off. Just how big is the podcast scene? Spotify boasts no fewer than five million titles. Apple Podcasts promises millions as well.

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The Benefits of Outsourcing for E-commerce Businesses

Accounting Department

Simplifying e-commerce business operations can be achieved by outsourcing specific functions such as accounting and bookkeeping services. For an e-commerce business to thrive and succeed, it is crucial to maintain a clear understanding of its financial position, performance, profit margins, marketing commitments, stock levels, and cash flows on a regular basis.

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Building Strong Business Credit with Tradelines

The Red Spectrum

In the competitive landscape of today’s business world, establishing and maintaining a solid credit profile is crucial for long-term success. Whether you’re a startup or an established enterprise, building a strong business credit score can unlock numerous benefits, including access to better financing options, favorable terms, and increased credibility with suppliers and partners.

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The Dos & Don'ts of Commercial Debt Collection: What You Need to Know

Enterprise Recovery

If you've ever struggled with chronic late-paying clients or are silently seething over invoices that were never paid, you're probably considering commercial debt collection. Of course, you're wondering how much it'll cost and if you have time to research it. You may wonder how to escalate an unpaid debt to a collections agency and if they'll damage your client relationships.

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Dear Business Owner, Here is a FREE Way to Save Thousands on Amazon EC2 Hosting

Due

If you have been using Amazon Web Services (AWS) for a while, you are probably familiar with AWS reserved pricing. The concept is well-liked because of EC2-reserved instances. However, it applies to other AWS services as well. This guide walks you through some fantastic tips to save money using EC2. In addition, there are a bunch of other attractive ways that allow you to save significantly on reserved capacity purchases in AWS.

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Manage Invoices an Payments Easily with Tipalti

Accounting Department

Imagine having the ability to scale accounts payables (AP) operations for your e-commerce business, with the same amount of staff, or even less. With Tipalti's AP automation technology, businesses can do just that and accelerate their AP processes across the board.

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May 2023 Capital Markets Recap

StackSource

CEO Tim Milazzo and Director of Capital Markets Huber Bongolan recently went live to share a comprehensive update on the current state of commercial real estate capital markets.

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RX 101: Understanding Order of Priority in Insolvency

Reorg Blog

Recent English schemes of arrangement and Part 26A restructuring plans, or RPs, have brought into focus the application of distribution waterfalls, both pre and post insolvency.

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Gauging Authenticity: How to Tell if Financial Brands Back Up Their Core Beliefs

Due

There are many old phrases that address authenticity and whether or not results back up guarantees. “Put your money where your mouth is” immediately comes to mind. While this saying might seem trite and old-fashioned, there’s some truth in needing to see actions backing up words, especially when it comes to beliefs of financial brands. It’s no different for businesses.

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HVAC Insurance: Guide to Pick the Right Option

NorthOne

If you own a business providing heating, ventilation, and air conditioning (HVAC) services, you already know that whether you are installing systems, cleaning air ducts, or performing repairs, there are risks involved. Therefore, it’s essential to have proper insurance coverage to protect you from potential losses. In this article, we will provide you with a comprehensive guide to understanding and selecting the right HVAC insurance option for your business.

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What Is An Offer Letter And How To Write One

Lendio

After weeks—or even months—of searching for the perfect candidate to fill a role, you’ve found a great fit. You’re ready to extend a job offer to your chosen candidate, but want to do it the right way. Here’s everything you need to know about writing and sending an offer letter. What Is An Offer Letter? An offer letter is a formal (but not legally binding) document given by an employer to a prospective new hire that outlines the terms and conditions of a job offer.

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RX 101: Understanding Order of Priority in Insolvency; Pre/Post Insolvency Waterfalls and Liquidation Principles

Reorg Blog

Recent English schemes of arrangement and Part 26A restructuring plans, or RPs, have brought into focus the application of distribution waterfalls, both pre and post insolvency.

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Retirement Guide for the Self-Employed

Due

More and more people are entering the world of entrepreneurship. Being self-employed is appealing to many, offering freedom and control of your own future, as well as unlimited income potential. But it also has its challenges, one of which is retirement planning. In this guide, you’ll find out how to prepare for retirement as a self-employed individual.

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Construction Insurance: How to Pick the Best Option

NorthOne

Construction insurance plays an essential role in protecting your construction business from financial loss. By investing in the right policies, you can shield your company and employees from unexpected risks and hazards that could arise from construction operations. From general liability to workers’ compensation, choosing the right insurance policy is crucial.

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A DIY Guide to Small Business SEO

Lendio

As a small business owner, you probably already know that your website plays an important role. Beyond sharing important information about your business—like where you’re located and how customers can benefit from your services—your website content can also be optimized to help increase both traffic and leads via SEO. What is SEO? SEO stands for “search engine optimization.

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Citadel to Ask Court to Certify Serta Confirmation Ruling for Direct Appeal to Fifth Circuit

Reorg Blog

UPDATE 1: 3:33 p.m. ET 6/7/2023: Citadel will ask for the Serta confirmation ruling to be certified for direct appeal to the U.S. Court of Appeals for the Fifth Circuit, according to Citadel’s stay motion.

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Healthy Workplace Relationships Boost Your Bottom Line. Here’s How.

Due

Relationships have been a consistent part of professional activity since the beginning of civilization. Egyptian laborers had to collaborate effectively as they dragged stones to the pyramids of Giza. Serfs had to work together to grow and distribute enough food during the Middle Ages. Arctic explorers had to support one another as they sought the location of the Earth’s two poles.

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How to Pick the Best General Contractor Insurance

NorthOne

As a general contractor, insurance coverage is essential for protecting your business and mitigating financial risks. Choosing the right insurance can be overwhelming, but following a few key steps can help simplify the process and make sure you have the right coverage for your needs. What is General Contractor Insurance? General contractor insurance is a type of policy designed to protect contractors from various risks that arise in their work.

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Three Questions on Political Risk in Emerging Markets

Loomis Sayles Credit Research

The line between economics and politics in emerging markets (EM) is becoming increasingly thin, particularly in countries with weaker institutional structures and stagnating growth. With several EM countries facing elections in the next 12 months, Eric Spencer, Senior Research Analyst on our Global Emerging Market Equities team, weighs in on potential risks and opportunities. 1.

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Is Upselling Illegal? Navigating the Legal Landscape in 2023

Grit

Upselling is a standard sales and marketing technique employed by businesses to increase revenue by persuading customers to purchase a more expensive or upgraded version of a product or service. However, questions often arise regarding the legality of upselling practices. In this article, we will delve into upselling and explore its legitimacy in sales and marketing.

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10 Best YouTube Channels for Finance

Due

Over the last couple of decades, technology has gifted us with various platforms that offer convenient access to knowledge about anything under the sun. Of all these platforms, YouTube stands out as the most exceptional, where you can find videos on virtually any topic you can imagine about. And the best part? Finance is no exception! As per a 2022 CNBC report, 15% of adults in the US lose $10000 annually due to a lack of financial literacy!

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How to Pick the Best Electrical Insurance

NorthOne

As a business owner in the electrical industry, you’re likely aware of the potential risks and liabilities associated with your work. That’s why it’s crucial to invest in electrical business insurance. But with so many options and providers to choose from, it can be overwhelming to figure out the best policy for your specific needs.

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Waterfall Model: Lack of Near-Term Triggers Gives HSE Finance Time

Reorg Blog

Lack of Near-Term Triggers Gives HSE Finance Time to Recover, But Significant Refinancing Risk Remains Given High LTV, Changing Consumer Preferences; Cash Coupons Until 2025 Could Partially Derisk SSN Investors in Mid-50s

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