Sat.May 25, 2024 - Fri.May 31, 2024

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Revive Your Cash Flow!

Your Virtual Credit Manager

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.

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Elder fraud: Preventing elder financial exploitation at your institution

Abrigo

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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How Credit Scores Are Calculated

Lendio

Understanding how credit scores are calculated can sometimes feel like unraveling a complex puzzle. However, breaking down the key components gives a clearer picture of how these scores are derived and what they signify. A credit score is essentially a numerical representation of your creditworthiness, influenced by various financial behaviors and patterns.

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The 10 Best Marketing Automation Tools Available to You

Grit

Most marketers use marketing automation software. However, many start using it too soon before they actually need it. Also, many lists of recommended tools include complex and expensive all-in-one platforms that not every marketing team requires. In this article, we explain how to know if your team is ready for comprehensive marketing automation platforms.

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Walmart Consumer Credit Card comes to a close

Due

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.

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AccountingDepartment.com Attends VETS24

Accounting Department

Last week, AccountingDepartment.com Business Development Representative, Luke Backus, attended the Veteran Entrepreneur Training Symposium (VETS24) in Orlando, Florida.

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Struggling with Manual Tasks? Top 5 Workflow Softwares for B2B

Grit

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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Department of Labor sued three Alabama businesses for child labor fraud

Due

The Department of Labor (DOL) has investigated three Alabama businesses for fraudulent employee recruitment and benefits from child labor breaches. U.S. District Court for the Middle District of Alabama charged Hyundai and the recruitment agency, Best Practice Service, with benefiting from child labor. Hyundai in child labor suit The shocking filing by the DOL was put in place to crack down in “federal court to prevent three Alabama companies, including a Hyundai U.S. assembly and manufacturing

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We're Off To The Races with the 2024 ADC Summer Challenge!

Accounting Department

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.

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Excessive delays in the County Court,  How to Avoid having to take Court Action to get paid

Credit Management Group UK

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.

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10 Best Workflow Automation Software Shortlist

Grit

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.

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A Guide to Polite Follow-Up Techniques

Enterprise Recovery

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.

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How to Create a Disaster Recovery Plan for Your Small Business

biz2credit

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

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Everything You Need to Set Up an Etsy Shop

Lendio

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.

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Say Goodbye to Manual Work: B2B Accounts Receivable Automation

Grit

Traditional manual processes can be time-consuming, prone to errors, and inefficient. However, with the advent of B2B accounts receivable automation solutions, businesses can streamline their invoicing, payment processing, and financial reporting tasks, significantly improving their operational efficiency. This article explores the benefits of B2B accounts receivable automation and its key features and demonstrates why it’s time to say goodbye to manual work.

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Unlocking Success: The Impact of EOS at ADC | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 20 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Costco records third-quarter solid earnings and tops Wall St expectations

Due

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.

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Tutorial: how to manage big Projects?

Credit Tools

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.

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Top 5 App Automation in Ecommerce Every Business Need

Grit

One of the most effective strategies to achieve these goals is through automation. Automation helps reduce manual tasks, minimize errors, and improve efficiency, allowing businesses to focus on strategic growth. This article will preview the importance of automation in eCommerce and highlight the top five app automation solutions every business needs.

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Preventing the Tug of War: Gaining Financial Operational Efficiency Post Acquisition

lsq

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.

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Understanding the Debt-Service Coverage Ratio

Lendio

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.

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Increasing Your Credit Score & Improving Your Credit

Credit Absolute

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.

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Why Does Email Marketing and Automation is Important?

Grit

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.

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LSQ Creates $3MM Invoice Finance Facility for N.J.-based Aerospace Manufacturing Firm

lsq

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.

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Elon Musk agrees to testify in SEC probe of $44 billion Twitter deal

Due

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.

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Trustee of China South City’s $289M 9% Notes Due April 2024 Sends Event of Default Notice

Reorg Blog

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.

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Why You Should Customize Your BigCommerce Out of Stock Message

Grit

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.

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LSQ Creates $3MM Invoice Finance Facility for N.J.-based Aerospace Manufacturing Firm

lsq

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.

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Kohl’s Q1 financials cause shares to slump

Due

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.

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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

Reorg Blog

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.

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BigCommerce Tasks Automation: Optimize Your E-commerce Site

Grit

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.