Your Virtual Credit Manager

DECEMBER 12, 2023

Recurring Revenue is derived from providing a continuous, ongoing service, such as a subscription, license, rent, or a maintenance contract. It is governed by a contract for a fixed period of time (often one year). If the contract is not cancelled, it can provide steady revenue and cash flow every month, year after year. Recurring revenue is sought by businesses and prized by Wall Street in its valuation of companies.

Days Sales Outstanding 130

Days Sales Outstanding DSO Credit Management Small Businesses 130

Due

DECEMBER 13, 2023

Artificial Intelligence (AI) is changing the world, and it’s no secret that those who master and harness this technology can create immense wealth for themselves and their clients. The rapid evolution of AI has brought about a new era where countless business opportunities can be pursued. This article will discuss why AI is the key to becoming wealthy in five years and how you can take advantage of this technological revolution.

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Abrigo

DECEMBER 14, 2023

Practical tips for conducting effective strategic planning meetings Financial institutions' strategic plans should be cohesive, focused, and have buy-in from stakeholders. These steps can help get you there. You might also like this on-demand webinar, "Strategic plan: How to develop and monitor at your financial institution." WATCH NOW Takeaway 1 Strategic plans should have a baseline, a clear destination, and a plan to get from A to B.

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Credit Risk Dashboards Credit and Collections CECL 88

TreviPay

DECEMBER 12, 2023

Cultivating a lasting customer experience in B2B hinges on delivering exceptional user experiences (UX) that support a clean, streamlined payments experience. Knowing this, TreviPay’s UX teams use the Stanford Design Method to understand end-user pain points and empathize with them. As one of TreviPay’s Core Values , empathy takes a prominent role in the UX design process.

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Accounting Department

DECEMBER 13, 2023

With a new year just around the corner, it's time for organizations to start thinking about their budgets for 2024 - if they haven't already. Effective budgeting and planning are critical to the success of any business. It helps in making smart financial decisions, optimizing resource allocation, and achieving business objectives.

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Due

DECEMBER 11, 2023

The financial markets have had an impressive run recently, with stocks experiencing a 10% rally. This week could be decisive for the markets’ future, as two significant economic events are scheduled to occur. Depending on how these events unfold, the market could either continue with its upward trajectory or face a potentially rough period. This article will delve into these critical events – the Consumer Price Index (CPI) inflation report and the Federal Reserve interest rate announcement

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Gaviti

DECEMBER 12, 2023

When you shorten your cash flow conversion time, you improve liquidity. You can then use this cash to pay bills on time, increase staffing, invest in research and development, or expand into new markets. These are just some of the uses that make strong cash flow an important metric for determining the health and potential longevity of businesses. The trick is knowing how to reduce cash conversion cycle times while still preserving good relationships with your customers.

Credit and Collections 98

Credit and Collections Invoice to Cash Deductions Cash Applicator 98

Chaser

DECEMBER 11, 2023

Do you struggle to find the time to chase customers for your payment? Are you slogging away entering data onto slow and outdated systems? Maybe it's time to step up your systems and go digital. A manual accounts receivable system is tedious and outdated. It also leaves a lot of room for costly human error. The effects on your balance sheet can be significant including slower cash flow.

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Lendio

DECEMBER 11, 2023

Starting a home-based business takes a lot, and one has to invest a great deal of effort and time to see their business bloom. Conducting proper research before diving in is also essential, but many people skip this vital step. As a result, they face consequences, such as a penalty and even getting shut down. One integral part of your research before starting your business should be finding out the licenses and permits that you need according to your state to make your business legal.

Transactions 98

Transactions Small Businesses 98

Collenda

DECEMBER 14, 2023

How can technology be used to transform debt collection processes? For many businesses, debt collection can be an arduous, time-intensive, and at times, frustrating task. Having an effective handle on your sales ledger control account, however, is vital for ensuring your business maintains a healthy cash flow position. Getting paid what you are owed when you are owed allows you to better manage your company’s finances and plan for the future.

Debt Collections 90

Debt Collections Collections Automation Transactions 90

Enterprise Recovery

DECEMBER 14, 2023

When clients fail to pay their invoices on time, it can negatively impact your cash flow and harm your business in various ways. Maintaining a healthy cash flow is crucial for the success of your business, so it is essential to address any issues with late payments promptly and find effective solutions to ensure a steady and stable financial foundation.

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Accounting Department

DECEMBER 14, 2023

We're happy to announce that AccountingDepartment.com is gearing up for its 10th Vistage ChairWorld event in January! As a proud National Sponsor for the past decade, this event holds a special place in our hearts, and we can't wait to reconnect with familiar faces and forge new connections in 2024.

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Lendio

DECEMBER 11, 2023

The holiday season is a golden opportunity for businesses to boost their sales and strengthen customer relationships. A well-planned and executed holiday marketing campaign can make a significant impact in getting your brand noticed and maximizing your revenue potential. This guide will provide insights into effective holiday marketing strategies and ideas to help your business shine brighter this season.

Small Businesses 97

Small Businesses 97

Eagle Business Credit

DECEMBER 14, 2023

If you are running a small business, you’ve probably found yourself in a frustrating, but very common situation. You may find that your business is running low on cash. Your customers could owe you plenty of money for your goods or services, but without cash on hand you will have cash flow problems. Collecting on outstanding invoices in a timely manner can be a frustrating process.

Credit and Collections 98

Credit and Collections Small Businesses 98

Reorg Blog

DECEMBER 14, 2023

Sponsor KKR has increased its €100 million shareholder loan to Accell by another €50 million after the Dutch bicycle group’s earnings continued to slide in the third quarter amidst worsening conditions in the oversupplied European bike market. The group’s backlog shrunk by 20% sequentially during the third quarter as a result of falling dealer orders, with the outlook expected to remain depressed throughout 2024 and 2025, sources said.

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Accounting Department

DECEMBER 15, 2023

We are thrilled to announce that Episode 8 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Lendio

DECEMBER 13, 2023

When your business needs a quick cash infusion to deal with unexpected expenses, seize growth opportunities, or meet urgent operational costs, fast business loans come to the rescue. These loans are designed for swift approval and funding—often within 24 hours—making them an ideal choice for situations where traditional loan processes may be too slow.

Credit Scoring 89

Credit Scoring Credit and Collections Small Businesses 89

Chaser

DECEMBER 12, 2023

As we approach the end of another remarkable year, I want to take a moment to express my heartfelt gratitude to each and every one of you, our team, consultants, contractors, investors, shareholders, partners and customers. Your unwavering support and dedication have been the driving force behind our collective success. As we stand on the threshold of a new chapter, it's essential to reflect on the milestones we've achieved together.

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Reorg Blog

DECEMBER 12, 2023

In Part I of our debt collector sector review, we discussed the unfavorable nonperforming loan, or NPL, pricing dynamics for debt collectors over the last three years, following nearly a decade of strong pricing in the wake of the global financial crisis. Since we published Part I, the European Central Bank released the second edition of its 2023 Banking stability review, a biannual publication.

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Collector 64

Credit Absolute

DECEMBER 15, 2023

Applying for a Personal Loan Whether you simply need to cover living expenses while unemployed or pay off debt, a personal loan is a viable option. When you need money fast, you may not ask too many questions when a lender approves your loan application, but you don’t want to make a mistake that will […] The post What to Consider When Choosing a Personal Loan Lender appeared first on Credit Absolute.

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Biz2X

DECEMBER 15, 2023

Reading Time: 3 minutes SBA loans are a lifeline for small businesses, offering them the capital to start, grow, and thrive. For small and community banks, these loans represent an opportunity to support local economies while also expanding their customer base. However, processing SBA loans can be complex and time-consuming due to stringent documentation and compliance requirements, the need for meticulous risk assessment, and the resulting operational inefficiencies.

Small Businesses 52

Small Businesses Transactions 52

TreviPay

DECEMBER 15, 2023

On behalf of TreviPay, Windward Strategy , a B2B payments consultancy surveyed North American mid-market B2B suppliers. This survey aimed to uncover trends in B2B buyer purchase channels, credit granting and payment experiences. From our survey findings and insights corroborated by prominent entities in the B2B sector, we’ve distilled three actionable strategies to enhance your B2B buyers’ experience.

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Cost to Serve Transactions 52

Reorg Blog

DECEMBER 14, 2023

The two USD bonds are the $380 million 7.95% guaranteed bond due 2024 and the $522.5 million 6.95% guaranteed bond due 2024, both issued by Tuspark Forward Ltd. and guaranteed by Tus-Holdings.

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Credit Absolute

DECEMBER 15, 2023

Applying for a Personal Loan Whether you simply need to cover living expenses while unemployed or pay off debt, a personal loan is a viable option. When you need money fast, you may not ask too many questions when a lender approves your loan application, but you don’t want to make a mistake that will […] The post What to Consider When Choosing a Personal Loan Lender appeared first on Credit Absolute.

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blue dot counseling

DECEMBER 13, 2023

Whether you’re looking for one-off training for you and your colleagues or more in-depth involvement to integrate QuickBooks into wider business processes, we can tailor support to be just what you need and plug any gaps in your finance team for a while if that would help. The post QuickBooks ProAdvisor in Hammersmith appeared first on Blue Dot Consulting.

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Lendio

DECEMBER 14, 2023

You’ve invested years of training, built a solid book of loyal clients, and created a foolproof business plan. Now, you’re ready to start your independent beauty salon. But just like any savvy business owner, you must understand your overhead costs to run a beauty salon if you want to ensure business success. How much money do you need to open a salon?

Medical Billing 52

Medical Billing Credit Scoring Transactions Small Businesses 52

Reorg Blog

DECEMBER 13, 2023

Shriram Finance Ltd., one of the largest retail-focused non-bank finance companies in India, is looking to raise about $300 million to $500 million through a covered USD-denominated senior secured bonds.

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Due

DECEMBER 14, 2023

In retirement, you’ll likely be living on a consistent budget with fixed monthly expenses. If that budget is ample, you should easily be able to meet all your needs. But if you want to live a more comfortable, confident, financially stable life, you’ll need a plan in place to ensure that your income and budget are able to meet all your needs consistently.

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Collenda

DECEMBER 14, 2023

NPLs On The Rise European Banks Face Growing Concern as Non-Performing Loan Volumes Inch Upwards EUR 6 Billion Inflow Signals Changing Economic Landscape Aryza Risk Management Solution According to the Risk Assessment Report of the European Banking Authority (December 2023), there are indications that the number of non-performing loans (NPLs) could increase.

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Default 52

Lendio

DECEMBER 13, 2023

The cost to lease gym equipment will depend on how much equipment you plan to lease, the brand of equipment, and the type of machines. It might also be impacted by personal factors, such as your credit score and borrowing history. Depending on the size of your gym, you likely need to acquire at least $30,000 worth of new equipment. And while the final numbers will depend on your credit score, you could be able to lease $30,000 worth of equipment for roughly $1,000 to $2,000 per month—perhaps eve

Credit Scoring 52

Credit Scoring Small Businesses 52

Reorg Blog

DECEMBER 13, 2023

China Evergrande’s widely anticipated liquidation at the Hong Kong High Court this past Monday drew such a crowd that screens to live-stream the proceedings were set up in the hallways outside the court.

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