Gaviti

APRIL 18, 2024

As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (AR) collections aging report. As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (A/R) aging report. What Is an Accounts Receivable Aging Report?

AR Aging 52

AR Aging Credit and Collections Bad Debt Accounts Receivable (AR) 52

Waystar

FEBRUARY 29, 2024

Conduct a cross-functional exercise to ensure you answer the necessary questions in advance. GOAL 2: REVENUE CYCLE MANAGEMENT IN HEALTHCARE Comply with new hospital price transparency requirements Since 2021, hospitals have been required to publicly post certain price and payer data in machine-readable files. Hold payers accountable.

Dashboards 103

Dashboards Transactions 103

SAP Credit Management

FEBRUARY 2, 2023

You might already know that we can maintain fixed interest rates for our in-house bank accounts by defining conditions with validity period. A condition can be set at three different levels, a single account level, a group of accounts level or at a bank area level. If you missed our earlier one, click here for recap.

Transactions 142

Transactions 142

Due

APRIL 29, 2024

Even if it doesn’t, employees with Truist accounts might appreciate a heads-up that Truist Long Game exists. Its secret is a “curated marketplace of student loan refinancing lenders” that “can potentially lower their interest rates and monthly payments,” its website says.

Deductions 75

Deductions Small Businesses 75

Waystar

MARCH 1, 2024

PCI DSS The Payment Card Industry Data Security Standard (PCI DSS) validates that any organization processing credit card payments is authorized to do so. HIPAA compliance The Health Insurance Portability and Accountability Act (HIPAA) sets the security and privacy regulations required to protect sensitive patient health information.

Cybersecurity 98

Cybersecurity Credit and Collections Credit Card Payments 98

Due

FEBRUARY 12, 2024

You achieve a clear, attainable goal by guiding you through economic uncertainty. For example, “save $5,000 for a car down payment” instead of “buy a new car.” And here’s a compass to guide you: Self-reflection. You can think of medium-term financial goals as your trusty sailboat. Absolutely.

Credit Scoring 105

Credit Scoring 105

Due

MAY 10, 2023

Small business owners face various challenges in managing their finances, from bookkeeping and accounting to tax compliance and cash flow management. However, a new era of accounting solutions is changing the game for small business owners. Proper accounting practices make preparing and filing tax returns accurately and on time easier.

Small Businesses 113

Small Businesses Deductions 113

Lendio

NOVEMBER 1, 2023

Of course, if you consistently make your payments, this element of the financing becomes a moot point. The benefits to these loans include fixed interest rates, 90% financing, longer amortizations, and no balloon payments. As part of the application process, a lender may require you to make a personal guarantee.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections Default 98

Lendio

NOVEMBER 13, 2023

The nature of the work involves significant upfront costs, from materials and equipment to labor and permits, all to be paid long before a project reaches completion and payment is received. It is a financial solution that is designed to bridge the gap between outgoing costs and incoming payments.

Credit and Collections 52

Credit and Collections Credit Scoring Small Businesses 52

Lendio

OCTOBER 17, 2023

To better grasp your loan options and what your business can afford, you can use a business loan calculator to see how much your payments will be, depending on variables like interest rate, loan terms, and more. If you haven’t checked your business credit score before, check out this guide to learn more.

Credit Scoring 98

Credit Scoring Credit Unions Small Businesses Transactions 98

The Red Spectrum

JUNE 12, 2023

It includes your purchases, finance charges, fees, balance transfers, and cash advances. In this blog post, we will share with you 9 tips to maximize your credit card limit and boost your business credit. The deposit serves as your security in case you default on your payments. And what are the best practices to use it wisely?

Credit Scoring 93

Credit Scoring Transactions Default Small Businesses 93

SSI Healthcare Rev Cycle Solutions

JULY 13, 2023

Leveraging the Power of Medical Claim Edits: Expediting Payments for Hospitals and Health Systems Home / July 13, 2023 As hospitals and health systems strive to optimize revenue cycle management, the role of edits in streamlining claims processing and expediting payments has become increasingly crucial.

Medical Billing 52

Medical Billing Transactions 52

Lendio

DECEMBER 13, 2023

This guide will walk you through the various options for fast business loans, helping you make an informed decision that suits your business needs. As soon as same business day Business cash advance Receive an advance on expected future revenue repaid in daily or weekly installments. Types of fast business loans.

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses 98

SSI Healthcare Rev Cycle Solutions

JULY 13, 2023

July 13, 2023 Leveraging the Power of Medical Claim Edits: Expediting Payments for Hospitals and Health Systems As hospitals and health systems strive to optimize revenue cycle management, the role of edits in streamlining claims processing and expediting payments has become increasingly crucial.

Medical Billing 52

Medical Billing 52

Emagia

MAY 18, 2023

Prepaid expenses represent a common notion in accounting and finance. Rent payments, insurance premiums, and retainers for services are all examples of prepaid expenses. What are Prepaid Expenses Definition in Accounting? A prepaid expense is an expense that has been paid in advance but from which no gain has yet been realized.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Deductions 52

Lendio

JANUARY 6, 2023

This guide also includes details about approval odds for different types of business loans and how to discover whether a loan offer is an affordable financing solution for your company. Because the money in a cash advance is borrowed against future income, you determine the factor rate by dividing the purchase amount by the advance amount.

Credit Scoring 93

Credit Scoring Small Businesses Transactions 93

SSI Healthcare Rev Cycle Solutions

NOVEMBER 30, 2023

Moreover, the lag between service provision and payment was extensive. The advent of electronic submissions was not just a technological advancement but a pivotal moment in the evolution of healthcare administration. Electronic submissions promised faster payments and significant cost savings.

Medical Billing 59

Medical Billing Insurance Companies Transactions 59

Prosper

JANUARY 13, 2023

A secured loan is a loan that is secured by some form of collateral, such as a house, car, savings or investment accounts. For example, late payments on a credit card may result in an increase in the interest rate. These transactions typically include: Rent and mortgage payments. Secured Loans. Unsecured Loans. Medical bills.

Credit Scoring 98

Credit Scoring Credit and Collections Bankruptcy Nonprofit Organizations 98

Abrigo

FEBRUARY 16, 2024

Takeaway 3 Credit analysts need training to understand the working capital cycle, look for hidden risks, and be aware of accounting changes. Improve tickler management: Ticklers are often managed by committee, but accountability and follow-through are necessary to ensure these tasks are handled efficiently.

Credit Risk 78

Credit Risk CECL Credit Unions 78

Lendio

NOVEMBER 13, 2023

Have you heard of selling accounts receivable? If you’ve faced rejection from lenders in the past , you should devote a long look at accounts receivable financing. What are accounts receivable? What does it mean to sell accounts receivable? Six benefits of selling accounts receivable.

Credit and Collections 52

Credit and Collections Accounts Receivable (AR) Credit Scoring Invoice Amount 52

NorthOne

APRIL 27, 2023

Creating a clear and straightforward approach and proper system for accounts payable not only helps you pay invoices on time, but also ensures you pay them accurately every time. Here’s a brief guide on how to pay an invoice the right way, so you can avoid late fees and foster good relationships with vendors.

Credit and Collections 52

Credit and Collections Bankruptcy 52

billtrust

OCTOBER 18, 2022

What are the most important goals of accounts receivable? Because you’re expanding into new markets doesn’t mean that collecting payments from customers in those markets has to be complicated. These accounts receivables are assets on a company’s balance sheet because they will eventually be turned into cash.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Credit and Collections AR Automation Cash Applicator 52

TreviPay

APRIL 19, 2024

This requires a tightly orchestrated digital sales experience, from when a buyer first comes into contact with your products to checkout and payment. This provides the opportunity to optimize payment processes specifically for B2B buyers. This is especially true when managing supply chains, compliance and cross-border payments.

Credit and Collections 52

Credit and Collections Transactions 52

Due

MAY 17, 2024

Digital finance and fintech are revolutionizing accounting and supplanting traditional finance functions at the corporate and enterprise levels. Other technological movements and advancements are accelerating the digital metamorphosis. Mobile Payments The COVID-19 pandemic accelerated reliance on digital or mobile payments.

Brokerages 52

Brokerages Transactions Credit and Collections Credit Unions 52

Due

MARCH 23, 2024

The co-signer is there to assure the lender that in case the primary borrower fails to make payments on the loan, the cosigner will step forward and make payments. However, since you may be limited financially, you don’t want to get to the point of having to step in to make payments instead of the primary borrower.

Credit Scoring 105

Credit Scoring Insurance Companies Bankruptcy 105

Serrala

MARCH 14, 2024

Energy and utilities companies must innovate and look at how technology can increase the processing of financial data at a faster speed, whilst increasing cost efficiencies by improving timely bill payment, speedy cash application, and optimizing outbound payments.

Credit and Collections 52

Credit and Collections Automated Cash Application Cash Applicator Bad Debt 52

Due

AUGUST 16, 2023

This enables them to make informed decisions, whether it comes to clearing their student debt, contributing to their employers’ 401 (k) account , or saving money. Mint: Mint is a comprehensive fintech app that syncs with your bank accounts. Besides, there are some peer-to-peer payment platforms such as Zelle or Venmo.

Transactions 98

Transactions 98

Biz2X

AUGUST 15, 2023

Technological advances in the banking industry enhance security, improve operational efficiency, and help deliver a superior customer experience. This guide covers today’s top banking technology trends. In addition, they provide account information to customers quickly and accurately and help answer questions and resolve issues.

Cybersecurity 52

Cybersecurity Credit and Collections Credit Unions Transactions 52

SAP Credit Management

JANUARY 27, 2023

Now, if you create an invoice that refers to a freight order with unplanned freight costs against a charge type which is not part of your freight order, the unplanned freight cost is posted as an unplanned G/L account item for which the transportation management fields Charge Type and Freight Order are filled accordingly.

Transactions 145

Transactions 145

NorthOne

MAY 2, 2023

The invoice management process typically begins when a vendor sends an invoice to the business for payment. Bring up discrepancies or issues with the vendor before remitting payment. Once the invoice has been reviewed and approved, the business can enter the payment information into its accounting system and schedule payment.

Credit Card Payments 52

Credit Card Payments Small Businesses 52

TreviPay

NOVEMBER 9, 2023

Alternative payment methods are changing the financial industry and the world. Businesses willing to embrace them in their payment strategy will thrive in this changing economic landscape. ” In this blog, we explore what alternative payments are, their different types, and why businesses should be using them.

Alternative Payment Methods 52

Alternative Payment Methods Transactions 52

Know-It Global

JUNE 5, 2023

By implementing a well-structured credit control process, businesses can mitigate the risks associated with late payments and bad debts, ensuring a steady stream of revenue. Clearly communicate your terms and conditions to customers, including credit limits, payment deadlines, and consequences for late or non-payment.

Electronic Funds Transfer 52

Electronic Funds Transfer Bad Debt Credit and Collections Credit Management 52

ForwardAI

JANUARY 12, 2023

Seen in the crystal ball are advances in open banking, more real-time payment options, a greater focus on SMBs and deeper collaboration with fintechs. Real-time payments : The Federal Reserve is finally gearing up to launch FedNow Service, its active real-time payments network. Originally published on BAI.

Credit Unions 52

Credit Unions Transactions Small Businesses 52

Lendio

NOVEMBER 8, 2023

Being unable to make payments on a business loan is not a new phenomenon. In some cases, they were late on payments. Other times, the payments were missed altogether. Some lenders are more tolerant of delinquency than others, but at a certain point, late and missed payments result in a default.

Default 52

Default Credit Scoring Credit and Collections Bankruptcy 52

Due

OCTOBER 29, 2023

Retirement accounts like SEP IRAs and Solo 401(k)s allow much higher contribution limits compared to conventional plans, while staying organized and keeping track of your contacts can also contribute to a successful retirement plan. Funding these accounts now supercharges your retirement savings. Workers today expect good benefits.

Small Businesses 52

Small Businesses Brokerages Deductions 52

TreviPay

SEPTEMBER 15, 2023

Accounting Solid accounting is the bedrock of cash management. An important component of accounting is the cash flow statement. Analysis Once financial data is properly accounted for, the next step is analysis. These can include areas such as operational expenses, debt payments, investments, and other financial goals.

Electronic Funds Transfer 52

Electronic Funds Transfer Credit and Collections Days Sales Outstanding DSO 52

Due

MAY 2, 2023

However, when you don’t prepare yourself for a mortgage contract in advance, it can seem overwhelming. Nolo’s Essential Guide to Buying Your First Home by Ilona Bray, Alayna Schroeder, and Marcia Stewart With Nolo’s Essential Guide , you can find answers to questions you never even thought to ask.

Credit Scoring 59

Credit Scoring Deductions Transactions 59