RevCycle

JUNE 27, 2024

By this point you’re certainly aware of the changes around the credit reporting of medical debt, which to recap are: Medical debts that have been satisfied will no longer appear on credit reports The amount of time before medical debt can be reported to the credit bureaus has doubled, from 180 days to one year Medical debt in collections of under $500 dollars will no longer appear on credit reports As the graph below shows ( courtesy of Urban Institute ); this has had the intended effect of clea

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Your Virtual Credit Manager

JUNE 25, 2024

In order to maintain optimal cash flow, your accounts receivable (AR) portfolio needs to remain in good shape. That can be a constant battle because all the mis-steps made during the order-to-cash (O2C) process will accumulate in your AR, and given time, clog it up. To prevent that from happening, you need to proactively monitor your AR and be ready to address any fundamental changes.

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biz2credit

JUNE 25, 2024

Being a business owner means juggling multiple priorities at the same time. When you have strong cash flow and a good profit margin, it’s fairly easy to cover operational costs. But when circumstances change—due to a slow period, increased competition, an unexpected expense, or even a new growth opportunity—where do you find the cash to … Continue reading "How Working Capital Loans Can Support Your Business Operations" The post How Working Capital Loans Can Support Your Business Operations

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Accounting Department

JUNE 28, 2024

We are thrilled to announce that our season 1 finale, Episode 24, of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

Bad Debt

blue dot counseling

JUNE 25, 2024

You’ll know when its time to change accountants. Cloud accounting has closed the gap between a business and their accountant and, although we’ve always thought there should be ongoing dialogue and contact throughout the financial year, there really is no excuse these days for that not to be the case. What are you looking for […] The post It’s time to change accountants appeared first on Blue Dot Consulting.

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Abrigo

JUNE 27, 2024

How does your AML program detect structured cash transactions? Read this blog to learn the definition of structuring, why it is illegal, and some examples of structuring scenarios that can help banks understand customer behavior and intent. Would you like other articles like this in your inbox? Takeaway 1 When reviewing customer activity for instances of structuring, it is important to look for patterns in behavior as well as an intent to structure.

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Transactions CECL Credit Unions Credit Risk 88

Accounting Department

JUNE 26, 2024

From a manufacturing perspective, inventory is everything for business owners that can significantly impact their financial well-being. That is why effective inventory management is of utmost importance for manufacturers or other businesses that keep things on the shelves.

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blue dot counseling

JUNE 23, 2024

The closest thing to a silver bullet in credit control is using a direct debit service. The post 10 ways to get paid on time appeared first on Blue Dot Consulting.

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Credit Management 97

truly financial

JUNE 25, 2024

Levelling the Playing Field: How GenAI Tools Empower Small Businesses to Compete with Larger Enterprises Generative AI, or GenAI, is rapidly transforming the business landscape. What was once the domain of large corporations with deep pockets is now accessible to small and medium-sized enterprises (SMEs). These powerful tools level the playing field, enabling smaller businesses to compete with larger enterprises by streamlining operations, enhancing customer experiences, and driving growth.

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Credit Management Group UK

JUNE 25, 2024

Welcome to our June Credit Management News blog. We have given you snippets of the latest topics that we hope are of interest to you and provide information to help with your business. If there is anything you would like to see more of in our round ups let us know: CREDIT MANAGEMENT SMEs struggling to pay HMRC High interest rates seen as a threat to half of business owners One in five SME say late payments problems have become worse REGULATION & COMPLIANCE Small firms call for next Governmen

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Credit Management 82

Accounting Department

JUNE 27, 2024

In today’s fast-paced business environment, entrepreneurs and business owners must find ways to streamline operations, improve efficiency, and scale effectively. Traditional enterprise resource planning (ERP) systems have long been associated with large enterprises.

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Abrigo

JUNE 28, 2024

Navigating interest rate management in today's environment As regulators focus on interest rate risk management, read about what financial institutions can do to be ready for a rate drop. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance." WATCH Takeaway 1 Many financial institutions are questioning where rates are headed and how to structure their ALM strategies accordingly.

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Enterprise Recovery: Accounts Receivable

JUNE 28, 2024

Certain qualifications and skills can make a difference in your business's financial success. Consider the following traits for your A/R specialist job description and hire someone who will ensure your financial records are solid and your clients pay on time. Here are some key qualities and skills to look for in an accounts receivable specialist.

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TMC Financing

JUNE 26, 2024

TMC Financing Facilitates SBA 504 Property Acquisition for Beloved Toy Store Santa Paula, CA – Nanni and Deeda’s Toys, an LGBTQ-owned and women-owned business, successfully leveraged the Small Business Administration’s. The post Nanni and Deeda’s Toys: Creating a Haven for Community and LGBTQ+ Inclusion appeared first on TMC Financing.

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Small Businesses 59

Loomis Sayles Credit Research

JUNE 28, 2024

The UK heads to the polls on 4 July, with predictions pointing to a sweeping Labour victory. This would mark the first Conservative-to-Labour transition in 27 years. Major political shifts in the UK have historically been followed by profound economic changes, and this occasion might be no different. Rachel Reeves, who will become Chancellor of the Exchequer in a Labour government, has outlined a comprehensive framework for Labour’s economic policy, focusing on addressing Britain’s supply-side c

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Due

JUNE 28, 2024

Want to boost your savings and make every paycheck count? As a budget-saver, I’ve spent years uncovering the most effective strategies to help you grow wealth. In this article, you’ll read the top 8 money moves to make as soon as your paycheck hits your bank account. These proven tips will help you save more, invest wisely, and build a rock-solid financial foundation for long-term success.

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Reorg Blog

JUNE 28, 2024

The post Court Previews Ruling Voiding Wesco/Incora Uptier Exchange, Invites Participants to Request Equitable Relief From Decision Leaving Them With Unsecured Claim for $250M in New Money appeared first on Reorg.

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Grit

JUNE 27, 2024

Updating variation sale prices in BigCommerce can be a complex and time-consuming task, particularly for stores with extensive product catalogs. According to a report by Forbes, e-commerce sales are expected to reach $6.3 trillion by 2024. This massive growth underscores the importance of staying competitive in the online marketplace. This guide aims to simplify the process, providing an overview of the most effective methods and tools to bulk update variation sale price in BigCommerce efficient

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biz2credit

JUNE 27, 2024

Securing a commercial property loan is a pivotal step for any business looking to invest in real estate. These loans provide the capital to purchase, develop, or renovate commercial properties, which can be essential for expanding your business operations, increasing revenue, and building long-term wealth. This guide provides a detailed walkthrough of the loan acquisition … Continue reading "A Guide to Securing Commercial Property Loans" The post A Guide to Securing Commercial Property Loa

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Due

JUNE 28, 2024

These days, it’s relatively easy to start and manage an online business. That’s why so many retirees are using side businesses that generate passive income as part of their retirement plans. However, if you want that passive income stream to continue, you’ll need to make sure your businesses are resilient. How do you do it? The Power of Businesses for Passive Income It’s hard to overstate just how powerful a passive income business can be for generating retirement income

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Cybersecurity 52

Reorg Blog

JUNE 28, 2024

The post UPDATE 1: Court Grants FTX Examiner Authority to Conduct Additional Investigations Into S&C’s Prepetition Work, FTX.US Balance Sheet Issues appeared first on Reorg.

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Grit

JUNE 27, 2024

In the world of eCommerce, customer service plays a pivotal role. According to a recent report, six out of ten customers are likely to do more business with companies that offer good customer service. This statistic highlights the importance of effective customer service, especially for BigCommerce stores. Excellent customer service enhances user experience, boosts retention, and improves overall store performance.

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lsq

JUNE 26, 2024

ORLANDO, Fla. (June 26, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated an accounts receivable credit facility for a Louisiana-based AI software and services company. The company was referred to LSQ by a wealth management partner. As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management. “The company is on track for remarkable growth, and the added working ca

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Due

JUNE 28, 2024

Whether or not you have TikTok downloaded on your phone, you probably know about the popular social media app. With more than one billion active users worldwide, the video platform has dug into the cultural zeitgeist. You can’t escape the op-ed pieces about how the app is ruining the youth’s attention spans or how TikTok trends trickle down to other social media, like Instagram, YouTube, and even Facebook.

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Chaser

JUNE 26, 2024

As the CEO of an accounts receivable automation software company, understanding the receivables landscape and the legal intricacies that affect our clients is crucial. The recent decision in Sian v Halimeda [2024] UKPC 16 is a landmark ruling that underscores the importance of receivables management and its broader impact on the industry.

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Reorg Blog

JUNE 25, 2024

Reorg estimates that Hertz is burning cash at both its rental car business and in its fleet management activities.

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Gaviti

JUNE 25, 2024

Wouldn’t it be nice to be able to accurately predict your future cash flow? You could better allocate funds and make more informed business decisions. Luckily, you can with accounts receivable forecasting. Accounts receivable forecasting is like having a financial crystal ball. While it might be a challenge, depending on how you manage your accounts receivable, forecasting is a powerful tool to help you grow your business.

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Due

JUNE 27, 2024

In the ever-evolving world of finance, investment opportunities are as diverse as they are abundant. The options are virtually limitless, from stocks and bonds to real estate and commodities. However, amidst the plethora of choices, it is crucial to identify those investments that offer the most promising returns. One such opportunity that has recently come to the fore is infrastructure bonds.

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Grit

JUNE 24, 2024

The world of eCommerce is growing at a rapid pace. According to Statista, online sales are expected to reach $6.87 trillion by 2025. BigCommerce Multi Storefront (MSF) is a powerful feature that allows businesses to manage multiple online stores from a single BigCommerce account. This capability is ideal for companies with diverse product lines, target audiences, or geographical locations, providing a streamlined approach to expanding their online presence.

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Reorg Blog

JUNE 25, 2024

The opinion from the U.S. Court of Appeals for First Circuit shook muniland with big implications for PREPA bondholders.

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