Your Virtual Credit Manager

FEBRUARY 15, 2024

Thank you for being a free subscriber to Your Virtual Credit Manager (YVCM). If you like this newsletter, get value out of it, and believe in paying people for their work, please consider a paid subscription. Here’s what you will get: Expert guidance on a wide range of credit and collection topics, all geared towards small businesses that extend credit to other businesses Advice that will help you hone your accounts receivable management skills and maximize cash flow The ability to share c

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Credit and Collections Credit Management Small Businesses 130

Due

FEBRUARY 15, 2024

In the age of fast fashion, instant gratification, and ever-expanding credit cards , remembering our grandparents’ simple ways can seem quaint. For one, Grandma didn’t even own a credit card; only a few cards from specific retail outlets were available. It wasn’t until about 1995 that the credit cards we know now became widely available.

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Small Businesses 116

Plooto

FEBRUARY 14, 2024

As a CFO, watching your business evolve and grow is an incredibly rewarding experience, but it also presents new challenges to overcome to keep that growth sustainable in the future. What worked for you and your finance team up to this point may not be enough to manage the complexities that come with continued growth. Your own role will also evolve as priorities shift and your responsibilities change with the nature, and scale of the business.

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Accounting Department

FEBRUARY 15, 2024

For a business, becoming a government contractor can open doors to a sea of lucrative opportunities – but these waters run deep with regulations, especially those set by the Defense Contract Audit Agency (DCAA). A critical cog in the machinery that is the U.S. Department of Defense (DoD), DCAA ensures that taxpayer dollars are used efficiently and effectively in the acquisition of defense-related goods and services.

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Your Virtual Credit Manager

FEBRUARY 13, 2024

Historically, business failures increase after a recession. After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Following the sharp but short Covid Recession, roughly 5 million small businesses closed shop in the first six months after the economic shutdown, but commercial bankruptcies did not begin increasing until May of 2023, ostensibly due to the government’s economic stimulus programs.

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Bankruptcy Credit and Collections Bad Debt Accounts Receivable (AR) 130

Due

FEBRUARY 13, 2024

When you picture your retirement, what comes to mind? You might envision yourself relaxing on a beach, spending time with family, traveling the world, or participating more in your favorite hobbies. It’s an exciting vision of a luxurious, enjoyable life. However, not everyone is excited about the idea of retirement. Some people don’t like the idea of leaving work or being forced out of the workplace.

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Credit and Collections 116

Plooto

FEBRUARY 15, 2024

What is accounts receivable and accounts payable? Find out why having good control over both is crucial for your business to have a smooth cash flow.

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Accounting Department

FEBRUARY 14, 2024

In the fast-paced world of manufacturing, where efficiency and innovation reign, understanding and managing costs are paramount to success. Cost management isn't a mere back-office function; it's what ensures your products remain competitive, your operations sustainable, and your company profitable.

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FEBRUARY 12, 2024

It’s no secret that financial goals can be daunting. Having grand ambitions, such as paying off your mortgage or retiring early is admirable. But, at the same time, some of these goals can sometimes feel distant and overwhelming. Imagine there was a bridge that connected the excitement of a quick win with the distant shores of a long-term goal.

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Credit Scoring 105

Abrigo

FEBRUARY 14, 2024

Find commercial real estate risks in the loan portfolio Sound risk management practices in commercial real estate lending help lenders manage CRE credit losses and protect the portfolio's profitability. You might also like this podcast, "How to sleep easier at night about your capital and risk levels." LISTEN Takeaway 1 Effective CRE risk management involves adapting to changing market fundamentals to avoid excessive loan losses.

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CECL Credit Risk Credit Unions 78

Credit Management Group UK

FEBRUARY 13, 2024

We hope this blog finds you well. If there is anything you would like to see more of in our round ups from more Credit Management Hints & Tips to help on E-learning webinars let us know: COMMERCIAL CREDIT MANAGEMENT Demand for guarantee backed SME finance rose by 68% in 2023 Fifth of SMEs want to re-join European Union Construction section hit by 4,370 insolvencies in the past year Small firms call out energy suppliers over increase in standing charges REGULATION & COMPLIANCE Future of b

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Credit Management 71

Loomis Sayles Credit Research

FEBRUARY 13, 2024

Throughout 2023, our analysts opined on risks related to commercial real estate (CRE) and their lenders. There was plenty to say about these sectors amid high vacancy rates, rising inflation rates, higher interest rates and the failure of three mid-size US banks and one large foreign bank—circumstances that left many investors holding their breath and wondering if there would be another shoe to drop.

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Insurance Companies Default 70

Due

FEBRUARY 13, 2024

How often have you heard that “90% of millionaires made their wealth through real estate?” Real estate gurus frequently make this claim, and it has a certain allure. It’s a catchy phrase that suggests that the path to wealth is straightforward and accessible to anyone willing to invest in real estate. However, this claim is not entirely accurate.

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Abrigo

FEBRUARY 14, 2024

Planning for the unexpected is part of any good plan. Prepare for unexpected changes in your AML staffing plan, making your plans a little more "disaster" proof. You might also like this on-demand webinar, "AML/CFT hot topics for 2024: What to expect for financial crime." WATCH NOW Takeaway 1 Reduce stress and mitigate financial and compliance impacts Takeaway 2 AML employee succession plans should be “living” documents.

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Cybersecurity 78

blue dot counseling

FEBRUARY 14, 2024

It's a common enough issue - you set up and run your own business, you know you need good financial management but it's not something anyone is any good at or wants to do. The post Pea & Elle and the importance of good bookkeeping appeared first on Blue Dot Consulting.

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Loomis Sayles Credit Research

FEBRUARY 15, 2024

1. In August 2023, you talked about the demand void left in the agency MBS market after some of its largest buyers moved to the sidelines. Do you expect agency MBS demand concerns to linger in 2024? We see potential for the technical backdrop to improve in the agency MBS market. Demand could come from a variety of different buyers, including banks, money managers and non-US buyers.

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Default Transactions 64

TreviPay

FEBRUARY 14, 2024

Valentine’s Day is all about celebrating the things we love, and at TreviPay, our customers are at the heart of everything we do. Here are 5 reasons why our customers continue to adore us that they stay with us for decades: Risk-Free Credit Extension TreviPay understands the apprehensions of extending credit, which is why we take the risk out of the equation for our customers.

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DSO Credit Application Credit Risk 59

Reorg Blog

FEBRUARY 15, 2024

Will Altice France cut its debt by €4 billion by the August deadline management set in 2023? While reports of its XpFibre unit attracting bids from infrastructure funds bodes well for the French telecommunication company’s aim of slashing its €24 billion plus debt stack, a transaction of this size may take longer to close. Moreover, though we believe the XpFibre business could fetch a enterprise value/EBITDA multiple between 15x to 20x, and could on its own potentially cover most of the €4 billi

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Transactions 59

Plooto

FEBRUARY 14, 2024

Accountants are innovators. In 1952, they were early adopters of IBM’s first large computer, using it for business applications like billing and payroll. By 1985, bookkeepers began to automate manual tasks with Microsoft Excel — and never looked back.

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Chaser

FEBRUARY 14, 2024

Accounts Receivable (AR) and credit control are essential function in any business. This involves managing and recording incoming payments from customers for goods or services provided by the company. Keeping track of accounts receivable can be time-consuming, as it requires attention to detail and diligent record-keeping.

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Accounts Receivable (AR) 52

biz2credit

FEBRUARY 13, 2024

In this article: Understanding the power of Google Business Profiles Guidelines on leveraging your Google Business Profile Where to turn when you need business financing Think about the last time you needed to find a business, whether it was a restaurant, a firm, a doctor’s office, a locksmith, or any number of endless possibilities. What’s … Continue reading "How to Leverage Your Google Business Profile for Local Growth" The post How to Leverage Your Google Business Profile for Local Grow

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Reorg Blog

FEBRUARY 13, 2024

Investors are wondering how Swedish debt collector Intrum is going to manage its upcoming maturity wall. While the group has committed to a deleveraging strategy, its implementation seems to be going behind schedule.

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Collector 59

Plooto

FEBRUARY 14, 2024

Finance professionals are experiencing an unprecedented exodus. Over the last two years, more than 300,000 U.S. accountants and auditors left their jobs — a staggering 17% decline​​.

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TMC Financing

FEBRUARY 12, 2024

It’s been 25 years since Jeff Payne created Eleven Sound – the renowned sound-mixing and engineering studio in Santa Monica that he now co-owns with Jordan Meltzer – among. The post Eleven Sound: Two SBA Loans from TMC Financing and a New Home for an Industry Leader appeared first on TMC Financing.

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Small Businesses 52

biz2credit

FEBRUARY 15, 2024

In this article: Why small businesses need social media The do’s and don’ts of small business social media marketing Getting started for just $1/day Why Small Businesses Need Social Media If you’re a small business, you should be on social media–the exception to this rule is rare. It doesn’t matter if you’re B2C or B2B–a … Continue reading "The Dos and Don’ts of Small Business Social Media Marketing" The post The Dos and Don’ts of Small Business Social Media Marketing published

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Small Businesses 40

Reorg Blog

FEBRUARY 13, 2024

GMR Airports Ltd. raised INR 22.5 billion ($271 million) through a private placement of non-convertible debentures, or NCDs. JPMorgan Securities Asia Pvt. Ltd., HSBC Gift City and Navi Finserv joined Tata Capital, Aditya Birla Capital Ltd and Credit Solutions India Trust - the India entity of Varde Partners, two sources close to the situation said.

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Prime Commercial Lending

FEBRUARY 14, 2024

Private equity financing can be a transformative turning point for businesses looking to scale, innovate, or explore new markets. However, positioning your business to be attractive to private equity investors requires strategic planning and a keen understanding of what these financial powerhouses look for in a potential investment. The journey to successful private equity financing involves several key steps detailed below.

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Cybersecurity 40

TMC Financing

FEBRUARY 12, 2024

The SBA 504 loan program makes it possible for you to receive financing from a number of loans over an extended period of time. Here’s how. The post Unlocking Growth: Leveraging Multiple 504 Loans for Business Expansion appeared first on TMC Financing.

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Eagle Business Credit

FEBRUARY 14, 2024

In recent times, the global economic landscape has been marked by unexpected shifts, and one such concern is the higher-than-expected inflation rate. As of the latest data from Forbes , inflation has surpassed initial projections, leaving businesses, particularly small enterprises, grappling with the repercussions. This surge in inflation can significantly affect small businesses — especially those relying on specific funding methods linked to interest rates and repayments.

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Small Businesses Bad Debt Credit and Collections Credit Risk 52

Reorg Blog

FEBRUARY 13, 2024

Greenko Energy Holdings has decided not to go ahead with its proposed USD bond issue this week due to volatility in interest rates, after the U.S. Federal Reserve on Jan. 31 decided to maintain the overnight federal funds rate between 5.25% to 5.5%, two sources close and one familiar with the situation said. The company may look at an issue after the lunar new year, the sources said.

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Due

FEBRUARY 11, 2024

We can feel as if our individual actions don’t make a difference when the world is so divided and filled with negativity. But what if I told you that even the tiniest gesture could bring about positive change ? Think about it. A frank smile, a helping hand, or a simple “thank you” can brighten a stranger’s day, lift a neighbor’s spirits, and even inspire them to help others.

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Credit and Collections 105