Sat.Dec 03, 2022 - Fri.Dec 09, 2022

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Don't Leave Converting Sales into Cash to Chance

Your Virtual Credit Manager

Photo by VD Photography on Unsplash Every Small to Medium Enterprise (SME), especially if you are a startup SME, has two overriding priorities: Selling your product/service to generate revenue Delivering the goods consistently at a high quality and on a timely basis. It is imperative you develop the people and infrastructure to do these things efficiently and well.

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Week Number 4: Pay Your Debts Second

RMAi Blog

Last week’s tip for our Countdown to the New Year Series on five easy steps for managing inflation focused on the importance of paying yourself first. This week’s tip emphasizes the power of paying off your past due bills as your second step. If you are finding it more and more difficult to pay your bills on time, you are not alone. This is because the U.S. economy has roared back from the COVID-19 pandemic with such intensity that: Disruptions in the supply of goods, groceries, household suppli

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15 Cheat Codes for Life: Jump 7 Years Ahead of People

Due

When you played video games as a kid, you would likely often look for cheat codes to help you gain a competitive advantage. Specific cheat codes would help you get to the next level of the game when you feel stuck. Suddenly, this cheat code would unlock a new achievement and allow you to save yourself a significant amount of time. Did you know that there are cheat codes to life that could put you ahead of others?

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6 tried-and-true ways to increase patient payments

Waystar

The patient payment process is complex — to the point where some people are more anxious about paying for a procedure than actually having it done. “More than half of patients are more stressed about the billing process than the quality of the care they receive,” says Eric Sulivant, solutions strategist at Waystar. “Looking at that image, it’s easy to understand why.

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Small Business Financing Options with Debt

Eagle Business Credit

Funding Your Business. The boot-strap method of financing your business—tapping into your savings, retirement, or refinancing your mortgage for all the available capital possible—can be enough to get your business off the ground, but then what? Growing businesses require more funding, and when 82% of failed businesses cite cash flow problems as a cause, it is smarter to find a funding source sooner rather than later.

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RMAI Announces Maxwell & Graves Solutions, LLC as new Authorized Audit Provider

RMAi Blog

December 9, 2022 (Sacramento, CA)  – Receivables Management Association International (RMAI) has selected Maxwell & Graves Solutions, LLC (M&G) as an authorized audit provider for the RMAI Receivables Management Certification Program. The purpose of the Certification Audits is to ensure that Certified Receivables Businesses (CRB) and Certified Receivables Vendors (CRV) conform to the Certification Standards.

Law Firms 100

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Why Digital Technology is Crucial to an Accounting Firm’s Success

Plooto

For accounting firms , the changing business landscape, clients' evolving needs, and constant introduction of new technology coming to market can seem overwhelming. Help has arrived! We've created the following guide explaining the leading technologies, their impact on the accounting industry, and the accountant’s daily tasks.

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Incfile Small Business Entrepreneur Grant Winners Fall 2022

incfile

Incfile is excited to announce the next round of entrepreneurial grant winners. We’re looking for the business leaders of tomorrow, and our Entrepreneur Grant Program gives entrepreneurs a chance to get their projects off the ground.

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RMAI Celebrates Membership Milestone

RMAi Blog

December 7, 2022 (Sacramento, CA)  – The Receivables Management Association International (RMAI) surpassed 600 members last week. RMAI members come from all sectors of the financial services industry that purchase or support the purchase of receivables on the secondary market, including originating creditors, debt buyers, collection agencies, collection law firms, brokers, international members, and vendors.

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S3 E9: Strategic AP: The Art of Delivering Value Across the Enterprise

The Esker Blog

The expectations and responsibilities of AP departments at companies of all sizes and across all industries are on the rise in 2022. How are companies leveraging technology? What professional development opportunities are being offered to AP teams for them in order to meet these expectations and become a strategic resource to departmental leaders across the enterprise?

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Introducing Forwardly by ForwardAI: A One-Stop Shop for Small Business Cash Flow Management

ForwardAI

Over the last six months, we’ve spent hundreds of hours listening to advice and opinions from accountants and small business owners on how to improve. Hundreds of accountants and small businesses worldwide trust ForwardAI’s Predict Cash Flow App to forecast and plan their cash flow. We know cash flow management is a whole lot easier when it’s portable, simple, and accessible to everyone.

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NAIC Codes: What They Are + How to Find Yours | Incfile

incfile

Small business owners have a number of balls to juggle, but there is one resource that can easily be employed that will benefit your business in a number of ways — having a NAICS code.

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What’s the difference between BigCommerce vs WordPress?

Grit

Choosing the right eCommerce platform for your business can be a daunting task. In this post, we will compare BigCommerce WordPress to help you decide which platform is right for you. Both platforms have pros and cons, so let’s take a closer look at each one, and decide on the right platform for your business. Similarities of Bigcommerce WordPress.

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4 Signs Your B2B Collections Policy Isn't Working

Enterprise Recovery

The objective of an effective collections policy is to ensure that clients pay on time. The policy will also determine what happens when the client doesn't pay within the timeframe of their payment terms. When your business is struggling with cash flow or falling behind on collecting what's owed, it could be a sign that the policy needs updating. Here are signs that your B2B collections policy isn't working.

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25 of the Best Creative Business Ideas This Year

Beyond Capital Blog

Here are 25 of the most creative business ideas for innovative and artistic entrepreneurs, from crafting handmade products to specializing in digital work. The post 25 of the Best Creative Business Ideas This Year appeared first on Fast Capital 360.

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Get a Free Tax Consultation for 2023 - Incfile

incfile

As a small business owner, your time is valuable. When you add taxes and accounting to your daily task list, it’s easy to feel like you’re being spread too thin. From dealing with ever-changing federal tax codes to wondering what counts as a deduction, accounting has never been more complicated for small businesses, especially as we move into 2023. Incfile can help with a free tax consultation.

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Upselling meaning and examples for eCommerce

Grit

Upselling is a sales technique where a seller encourages a customer to buy more expensive items or services than they had initially planned. Upselling can be an effective way to increase the average order value and improve profitability for eCommerce businesses. In this article, we’ll look at the upselling meaning, and explore some examples of how it can be used in eCommerce.

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4 Ways to Prepare for an Economic Recession

Prosper

While the economic outlook is in flux, it’s never too late to prepare your finances so you can weather the storm. Here are 4 ways you can start recession-proofing your finances. 1. Pay down debt. Using the next few months to pay down debt , specifically high-interest debt, can be crucial for your financial wellness. While you may not get down to zero, prioritizing what debt to pay off can help give you the breathing room you need in your budget.

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Small Business Statistics: 13 to Know This Year

Beyond Capital Blog

Small business statistics highlight trends that impact your company. Here’s a look at 13 key figures shaping business today. The post Small Business Statistics: 13 to Know This Year appeared first on Fast Capital 360.

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The Only Cheat Sheet for LLC Expenses + Taxes You Need

incfile

Doing taxes for your small business can be confusing, time-consuming, and daunting. But with the knowledge contained in our LLC expenses cheat sheet, you can navigate tax season like a pro and reduce your taxable income in the process.

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ArtisTrade Live on Lockstep

Lockstep

Connected Accounting Pioneer Provides Unprecedented Access to Mid-Market ERP Systems. Seattle, WA – (December 8, 2022) – Lockstep , the connected accounting network, today announced that ArtisTrade , a finance software provider specializing in supply chain finance, is now live on Lockstep. Lockstep provides an API for developers to connect to and leverage the accounting and financial data of their customers to automate workflows between companies.

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Client Accounting Services: The Complete Guide

Accounting Department

When business owners are first starting out, they usually do not have the time or resources to keep track of their finances. This is where client accounting services come in. Client accounting services can help companies manage their finances, keep track of their spending, and plan for the future.

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November Commercial Credit Management News Round Up

Credit Management Group UK

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. Supply chain chaos and inflation are top concerns for businesses. Government’s energy bill relief has removed serious risk for a quarter of businesses.

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10 Common Cash-Flow Problems Facing Small Businesses

Beyond Capital Blog

Small businesses often face cash-flow problems since they depend so much on incoming cash to stay afloat. Here are 10 common cash-flow problems you can avoid this year. The post 10 Common Cash-Flow Problems Facing Small Businesses appeared first on Fast Capital 360.

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Reduce the Complexity and Costs of Your Prior Authorization Process

SSI Healthcare Rev Cycle Solutions

Reduce the complexity and costs of your prior authorization process [Webinar]. ​The path to quicker, more accurate prior authorizations + ask the experts! Live webinar: Thursday, December 15, 2022 2:00 pm CT. Prior authorization is not only one of the most time-consuming aspects of all revenue cycle transactions, but it is also one of the leading causes of claim denials, according to a recent report by the American Hospital Association (AHA).

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Leave The Dated ERP Systems Behind and Grow With NetSuite

Accounting Department

It's not uncommon for newer small and medium-sized businesses to experience spikes in business in their first few years as their products or services catch on. With those spikes, business owners may quickly realize that the accounting systems in place are inadequate when it comes to handling higher workloads.

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How Customer Self Service Accelerates Payments

Lockstep

As an accounting professional, you know that getting paid is key to keeping your business running. If you’re like most finance professionals, you’re always looking for ways to speed up payments. One of the best tools for doing this is customer self service. With self service, customers can access financial documents, like invoices, without having to spend the time requesting them or waiting for someone to send them.

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Deck the Halls…With Customers: Holiday Shopping Trends to Know

Beyond Capital Blog

Which holiday shopping trends are shaping 2022? Discover the top ones and what retailers are doing to capitalize on them this season. The post Deck the Halls…With Customers: Holiday Shopping Trends to Know appeared first on Fast Capital 360.

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101 Christmas Gift Ideas Under $40

Due

It is important to consider price when shopping for a gift. It becomes especially important when your holiday shopping list is long. Along with your personal finances and the number of people you’re shopping for, you can stay within budget in a number of ways. Since the holidays are already a stressful time, here are 101 Christmas gift ideas that are under $40.

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The ever-expanding role of big data

Onguard

A whopping 41% of finance professionals expect big data to be the gamechanger within the industry. The FinTech Barometer, Onguard’s annual finance survey, shows for several consecutive years that the availability of data is of great importance to organisations. In as many as 95% of companies, data plays a role. Graydon research, for example, shows that companies that use big data in their decision-making and business processes perform 20% better than those that do not.

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7 Useful Letterhead Examples for Business

NorthOne

If you want your business to feel professional and gain respect from customers and peers, investing in high-quality letterhead design is an important step. But what qualities are important to look for as you shop? If this is your first time investing in this business expense, it may seem like an overwhelming task. But don’t worry—in this article, we’ll provide an overview of the top letterhead examples for business owners, so you can quickly and easily determine which is right for you.