Your Virtual Credit Manager
MAY 28, 2024
Imagine that the order-to-cash (O2C) process is a parade. Leading the charge is the sales and customer service teams that bring in the orders. That’s where most of the hoopla occurs. Following them is everybody involved in production, distribution and the delivery of services — the ranks that get the job done. Next comes billing, followed by collections cleaning up all the garbage left by everybody that has gone before.
Abrigo
MAY 30, 2024
Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. Would you like other articles on BSA/AML training in your inbox? Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages. Takeaway 2 Learn to recognize common types of elder abuse and the red flags that may accompany them.
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Due
MAY 27, 2024
Walmart and Capitol One have ended their exclusive consumer credit card offering. The Walmart Consumer Credit Cards deal was devised in 2019 as part of the Capital One Walmart Rewards Credit Card Program. Capitol One and Walmart part ways Today’s news ends the partnership, but little will change for existing Walmart Consumer Credit Card holders.
Lendio
MAY 28, 2024
More than 30% of American small businesses are not approved for at least some of the funding they apply for. Reasons for this can range from operating in a risky industry to a low credit score. But what really shouldn’t be a concern is flubbing the preapproval process by not having the required documentation. If you’re concerned that you might fall into that category, read on—these are the documents you’ll need to apply for a small business loan or other financing.
Accounting Department
MAY 30, 2024
Last week, AccountingDepartment.com Business Development Representative, Luke Backus, attended the Veteran Entrepreneur Training Symposium (VETS24) in Orlando, Florida.
Grit
MAY 26, 2024
In today’s fast-paced business world, manual tasks can drag down productivity and efficiency. According to a recent study by Harvard Business Review, more than 90% of workers recently surveyed said automation solutions increased their productivity. This statistic highlights the critical need for companies to adopt workflow automation tools. Workflow softwares can streamline operations, improve collaboration, and boost overall productivity, making them essential for modern B2B businesses.
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Credit Management Group UK
MAY 27, 2024
If you have used the County Courts to get a debt paid over the last 12 months, you will be aware the Courts have centralised a lot of the local courts functions resulting in an extensive backlog which, in our experience has resulted in our Client’s debtors becoming insolvent and unable to pay their debts when a claim gets anywhere near a hearing when they may well have had the ability to pay before these changes took place.
Accounting Department
MAY 28, 2024
It's summertime at AccountingDepartment.com and we have all sorts of fun things happening! To kick off the summer season this past Memorial Day weekend, we launched our 13th annual ADC Summer Challenge.
Grit
MAY 26, 2024
Did you know that 78% of business leaders believe that automating tasks in their organization increases the productivity of all stakeholders? As we move further into 2024, the need for workflow automation software has become critical for businesses aiming to streamline operations and enhance efficiency. Workflow automation simplifies tasks, reduces errors, and allows teams to focus on more strategic activities.
Enterprise Recovery
MAY 31, 2024
When reaching out to someone for the first time or following up on a previous message, setting a friendly and positive tone is important. Whether it's a sales email or, in our case, following up about an unpaid invoice, your initial email may dictate how the rest of the transaction will go. Learn how to effectively follow up with others in a polite and professional manner with these subtle techniques.
biz2credit
MAY 30, 2024
Disasters can strike at any time, often without warning, and small businesses are particularly vulnerable to the devastating effects of extreme weather events, infrastructure failures, cyberattacks, and other emergencies. Federal funding in the form of disaster loans is available to help SMBs deal with the aftermath of an emergency. But preparing for these potential disruptions … Continue reading "How to Create a Disaster Recovery Plan for Your Small Business" The post How to Create a Disa
Lendio
MAY 28, 2024
Established online marketplaces like Etsy are another way to strengthen your online presence. Etsy can help you market your business to a broader customer base and increase your online sales. We’ll walk you through everything you need to know to set up a successful Etsy shop— from who benefits to a step-by-step walkthrough on how to open a shop and what steps you can take to help your business stand out from the competition.
Accounting Department
MAY 31, 2024
We are thrilled to announce that Episode 20 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.
Due
MAY 31, 2024
Costco, the renowned value wholesale store, has demonstrated its financial prowess by delivering a robust third-quarter earnings report that has outperformed the market’s expectations. Costco’s impressive performance in the stock market, bolstered by its rapid expansion into non-food-related items, is a clear testament to its strategic diversification, a move that is poised to resonate with the broader consumer base.
Credit Tools
MAY 31, 2024
Large-scale projects or business cases, with commitments over several years and often involving several hundred thousand euros or even several million euros, represent both opportunities and multiple.
Grit
MAY 30, 2024
You added email to your app, but how can you optimize user engagement? The answer is email marketing and automation. This allows you to send triggered emails based on user behaviors or schedules, elevating your email program with minimal extra work. Let’s explore email automation – what it is, why it is important, and how to implement it effectively.
lsq
MAY 30, 2024
The initial 12 months post acquisition tend to be the most challenging for a private equity firm – and the portco. Operational and working capital hurdles can put revenue growth at a standstill, quell ROI, and limit enterprise value. To help PE firms and portcos overcome these obstacles, LSQ has partnered with OneRock Capital to present Preventing the Tug of War: Gaining Financial Operational Efficiency Post Acquisition.
Lendio
MAY 30, 2024
Lenders use the debt-service coverage ratio (DSCR) to determine whether your business qualifies for a loan and under what terms. This is just one metric that financial teams consider (along with factors like your credit score and tax returns), but it is vital because it helps you get a fair rate and approval for your request. Your DSCR highlights any existing debt you may have and if you can realistically pay it off.
Credit Absolute
MAY 30, 2024
Understanding Your Credit Score If you’re trying to perfect your credit score, it’s important first to understand what makes up your credit report and credit score. Your credit score is determined by an advanced algorithm developed by FICO and pulls the data from your credit report to determine your score. When calculating your credit score, […] The post Increasing Your Credit Score & Improving Your Credit appeared first on Credit Absolute.
Grit
MAY 30, 2024
When a product is out of stock on your online store, you want to let customers know right away. The standard “Out of Stock” message on BigCommerce may seem basic. But customizing this message can actually help improve your store’s customer experience. A well-written out of stock notice provides clear information to shoppers. It can also encourage them to stay on your site or come back later when the item is available again.
lsq
MAY 30, 2024
ORLANDO, Fla. (May 30, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million accounts receivable credit facility for an aerospace manufacturer based in New Jersey. The company was referred to LSQ by a former client. As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
Due
MAY 30, 2024
Billionaire Elon Musk has agreed to testify in the Securities and Exchange Commission (SEC) probe on the deal to buy Twitter for $44 billion. The SEC, a regulatory body known for its thorough investigations, had initially pressured Musk on multiple attempts to uncover the truth about the deal behind the 2022 social media platform sale. The regulator filed a subpoena for Musk in October 2023 after he failed to give information to the investigation into the purchase.
Reorg Blog
MAY 29, 2024
Citicorp International Ltd., the trustee of China South City Holdings’ outstanding $289 million 9% notes due April 2024, has sent a notice to noteholders stating that the company and the subsidiary guarantors have not made principal and interest payments that were due on the notes' final maturity date of April 12, 2024.
Grit
MAY 30, 2024
When your small business starts growing, the systems and processes can get more complicated and messy. You may find yourself overwhelmed by hundreds of small, repeated tasks. However, by automating the processes for your online store, most or all of these manual, repeated tasks can happen by themselves without people doing them. The great thing is that with eCommerce tasks automation , your team won’t have to spend time on those repeated tasks.
lsq
MAY 30, 2024
ORLANDO, Fla. (May 30, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million accounts receivable credit facility for an aerospace manufacturer based in New Jersey. The company was referred to LSQ by a former client. As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
Due
MAY 30, 2024
Kohl’s, the household United States department store, has recorded a slump in shares due to a poor earnings report. The chain’s First Quarter Fiscal 2024 Financial Results, announced with little fanfare, have surprised Wall Street with their underwhelming performance. Shares in Kohls seen shares hit by as much as 25% after the earnings report and call was publicized.
Reorg Blog
MAY 29, 2024
The post CMB, Industrial Bank Agree to Provide CNY 20B Syndicated Loans to China Vanke Secured by VX Logistics Shares, CMB Grants CNY 6B for Drawdown Earlier This Week; Co. in Talks to Extend CNY 180B Onshore Bank Loans appeared first on Reorg.
Grit
MAY 29, 2024
Customer segmentation is a critical strategy in eCommerce, allowing businesses to tailor their marketing efforts to specific groups of customers. According to a report by HubSpot, businesses that use segmented email campaigns see a 760% increase in revenue. This statistic highlights the power of targeted marketing. Mailchimp and BigCommerce are two powerful tools that can significantly enhance customer segmentation and targeting.
lsq
MAY 30, 2024
The initial 12 months post acquisition tend to be the most challenging for a private equity firm – and the portco. Operational and working capital hurdles can put revenue growth at a standstill, quell ROI, and limit enterprise value. To help PE firms and portcos overcome these obstacles, LSQ has partnered with OneRock Capital to present Preventing the Tug of War: Gaining Financial Operational Efficiency Post Acquisition.
Due
MAY 29, 2024
Joe Erlinger, President of McDonald’s USA, has released a statement rebuffing recent news and social media criticism about the food chain’s prices. In a post on the official McDonald’s site , Erlinger responded to claims that the price of the average Big Mac was double that of its 2019 equivalent. “Recently, we have seen viral social posts and poorly sourced reports that McDonald’s has raised prices significantly beyond inflationary rates.
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