Your Virtual Credit Manager
NOVEMBER 8, 2022
Photo by Chris Chow on Unsplash There will inevitably be a day when you realize your collection efforts are not getting a delinquent customer to pay their bill. Despite all the correspondence, calls, excuses and possibly promises made, there still has been no progress. What can you do? The easy answer — refer the customer account to a Collection Agency wh… Read more.
Lockstep
NOVEMBER 8, 2022
Seattle, WA – – Lockstep , the award-winning accounting automation pioneer, today announced it has partnered with SYSPRO to grow the connected accounting network. Lockstep will provide SYSPRO’s North American customers access to award-winning accounts receivable (AR) automation software, Lockstep® Receivables. Lockstep Receivables allows SYSPRO customers to manage the invoice-to-cash process through automated communication; customer-self-service, including online payment capabiliti
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Know-It Global
NOVEMBER 10, 2022
Thinking about outsourced credit control? Credit control is the solid foundation that a finance team should be built around. How else can your business pay its expenses if you’re not being paid for the work you’ve done?! Given how critical credit control is to all businesses you would be shocked at the amount of companies that either overlook credit management or struggle to find the time and resource required for a watertight credit control process.
SSI Healthcare Rev Cycle Solutions
NOVEMBER 10, 2022
SSI Wins Oracle Cerner 2022 Collaboration Award. November 9, 2022. Every year, Oracle Cerner honors its most innovative and meaningful partnerships, which are chosen based on superior performance and the impact the partner has on their clients. This year, the SSI Group, LLC (SSI) is pleased to announce that we were named the 2022 Collaboration Award Winner at the recent Oracle Cerner Health Conference.
blue dot counseling
NOVEMBER 9, 2022
I stopped doing my books when I realised I was making them worse. The post I stopped doing my books when I realised I was making them worse! appeared first on Blue Dot Consulting.
Abrigo
NOVEMBER 9, 2022
Financial institutions work to meet Q1 2023 CECL deadline A CECL implementation survey by Abrigo found progress by financial instittuions is mixed ahead of the upcoming deadline. . You might also like this: "Beyond CECL: Stress testing, ALM, and financial planning" DOWNLOAD. Takeaway 1 10% of banks and credit unions have completed CECL adoption, according to Abrigo's CECL implementation survey.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
ForwardAI
NOVEMBER 10, 2022
Originally published on Fintech.ca. Cash flow is a problem that has been troubling small and midsize businesses (SMBs) and accountants since the dawn of time. Combine tight capital, slow cash turn-around time, and lack of planning, and it’s no surprise that this issue comes back, again and again, every month-end when the bills come in. A 2022 survey suggested that cash flow problems are the second most significant barrier for small businesses, and one in ten states that cash flow problems are
Enterprise Recovery
NOVEMBER 11, 2022
When it's your job to collect past-due invoices, what you say matters. And what you say will depend on your state of mind when you type the email or get on the phone. How you come across to your clients, especially when they're long-term business-to-business relationships, will determine how they react to you, your demands, or any negotiation tactics.
Abrigo
NOVEMBER 7, 2022
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 are rising in the veteran population and can devastate older Americans. Takeaway 2 Learn why veterans are a vulnerable population for this particular type of financial fraud.
Lockstep
NOVEMBER 9, 2022
Guest Contribution from Fortis. What to know before you charge. Mention the word “surcharge” around merchants or service providers, and you might get confused faces and blank stares. There may be a bit of mystery that surrounds this concept, so our partners at Fortis have put together a list of questions they hear the most from merchants in regard to surcharges.
Credit Management Group UK
NOVEMBER 7, 2022
Struggling to get paid? Do you need help? Collection Performance £99 per person Running w/c 16th January 2023 Our Improving Cash Flow courses are beneficial to those new to collections, with no formal training, or to those who view the course as a refresher in credit control, wishing to improve and develop their collection techniques. Enquire Now. Small Claims Court £99 per person Running w/c 23rd January 2023 Our small claims court course will cover the process and procedures of taking legal ac
SMB Commercial Lending
NOVEMBER 10, 2022
The answer is yes. If you qualify, you may be able to take out multiple SBA loans to consolidate debt or boost working capital. SBA loans offer great rates and favorable terms, which are especially important in the current economic climate. If previously your business qualified for a Small Business Administration (SBA) loan and you continue to meet the minimum requirements for your current SBA loan, lenders typically should have no problem approving you for another.
GoCardless
NOVEMBER 10, 2022
JustGiving's Head of Payments discusses the power of open banking
TreviPay
NOVEMBER 11, 2022
Business-to-business (B2B) and business-to-commerce (B2C) are deceptively simple categories. Of course, they make sense on the surface: one sells to businesses and the other to consumers. However, they do raise some questions, too, such as: Don’t many B2Cs also trade with other businesses? Aren’t businesses just another type of customer?
Credit Management Group UK
NOVEMBER 10, 2022
The 3 rd instalment in our series of case studies to help recruitment firms get paid for backdoor hires. In this instalment, we show how wording in emails can prevent you being paid in full. As someone previously employed as a Credit Manager by a national recruitment firm and working for many recruitment firms since setting up CMG UK, we have a vast amount of experience in making sure our clients get paid.
Inc. Authority
NOVEMBER 10, 2022
While the holiday season is still a few weeks away, consumers are already very concerned about how they will afford this year’s gifts as inflation continues to rise. In fact, more than half — about 59 percent — of Americans … Continue reading → The post 2022 Holiday E-Commerce: Are You Ready? appeared first on Inc Authority.
Loomis Sayles Credit Research
NOVEMBER 10, 2022
Our survey [i] on corporate health in the third quarter painted a picture of an economy in transition. Even as some key fundamentals showed a marked deterioration from the previous quarter, others, notably the outlook for corporate credit, displayed surprising resilience. Given the macro backdrop, we expect further weakness from here. Going forward, we will be focused on two critical questions.
lsq
NOVEMBER 8, 2022
At 19, Melissa McGuire made a decision to serve a greater purpose than herself and joined the United States Air Force. “It’s always been important to me to have a job that is in service to others and I can be passionate about,” said Melissa. “That’s what led me to the Air Force and that’s what keeps me at LSQ.”. After leaving the Air Force in 1997, Melissa spent time in consumer and commercial banking.
blue dot counseling
NOVEMBER 7, 2022
It's surprisingly difficult to find people who know what they're talking about. The post It’s surprisingly difficult to find people who know what they’re talking about appeared first on Blue Dot Consulting.
tillful
NOVEMBER 8, 2022
Looking to dust off your business finance terminology? We've got your back. Here's a glossary featuring many of the most common business finance terms you may need or want to know. Accounts receivable (AR). Accounts receivable refers to money owed to a business by third parties like customers or clients. For example, if you provide a service and allow your client 60 days to pay, the amount they owe you will be recorded under your accounts receivables until it’s paid.
Chaser
NOVEMBER 8, 2022
I am thrilled to share that Chaser has been shortlisted at the CICM British Credit Awards for a second year running. Chaser is shortlisted for the Innovation & Technology Award, for the research, release, and results of the SMS payment reminders feature.
Onguard
NOVEMBER 7, 2022
CFOs need a firm grip on digital strategies to ensure their department – and organisation – can capture opportunities quickly and at scale in the years ahead. Here, we look at four core technologies that should feature in your growth plans and assist you with scaling. 1. Use RPA to boost workforce productivity. Most finance teams today use robotic process automation (RPA) in some form to drive efficiencies and manage greater volume without the increased headcount.
Credit Absolute
NOVEMBER 7, 2022
Want to be wealthy? Then here’s some advice: Set a financial goal for your life, work with what you have, and make intelligent financial decisions moving forward. Here are the Top 4 habits of wealthy people – see how they do it, and start using them to build your own wealth. Habit #1: They Learn […]. The post Top 4 Habits of Wealthy People appeared first on Credit Absolute.
tillful
NOVEMBER 7, 2022
Hey Tillfulers! You can now self-report Tillful Card to Dun and Bradstreet. Here’s how. To self-report Tillful Card (or any trade reference ) to D&B, you'll need a Credit Builder account. Note that the lowest tier for this plan is $149 per month. Once in your Credit Builder account, scroll to “Trade References.” Under that tab, you should see an area to submit trade references.
Gaviti
NOVEMBER 7, 2022
One of the greatest ironies in business is that finance handles the money, but companies do not view them as income-generating. Managers feel this way even though the accounts receivable team directly impacts cash flow and the company’s ability to meet its financial obligations. Why does this happen, and what can you do to ensure your finance team acts strategically to feed the bottom line?
GoCardless
NOVEMBER 10, 2022
Learn about business growth vs scaling
blue dot counseling
NOVEMBER 5, 2022
Gaps in your finance team will lead to gaps in your profits! The post Plug the gaps in your finance team appeared first on Blue Dot Consulting.
Credit Tools
NOVEMBER 10, 2022
Use our free online tool to calculate the due date of your invoices based on the payment term defined with your customers!
lsq
NOVEMBER 8, 2022
On March 16, 2022, the federal funds rate sat at 25 basis points (bps). The next day, the Federal Reserve, in an attempt to combat mounting inflation, raised the rate from 25 bps to 50 bps. May saw another 50 bps, then an onslaught of three 75-bps increases in June, July, and September. . Based on most indicators, the rate hikes have done little to stave off rising costs.
GoCardless
NOVEMBER 9, 2022
Your payments function is set to get busier: do you have the resources to cope?
Cpcmcredit Blog
NOVEMBER 8, 2022
This week I heard a familiar tale. Yet again an SME business owner has felt obliged to run down his green energy enterprise (which was certainly successful) because he simply could not find the staff. And whilst many will retort that this can be rectified by “paying more”, the impression was clear that it was availability rather than cost.
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