Your Virtual Credit Manager

JANUARY 30, 2024

Please feel free to share this newsletter with your small business customers. Creating more time for collection activities and being more strategic with the sequencing of those activities will also provide substantial cash flow benefits to organizations that rely on manual collection processes. What do you need help with?

Credit and Collections 130

Credit and Collections Collector Accounts Receivable (AR) Days Sales Outstanding 130

Your Virtual Credit Manager

JANUARY 9, 2024

From a credit management perspective, these are largely reactive topics. In fact, once you decide to sell a customer on open credit, most of the accounts receivable (AR) management tasks that follow have a reactive component. In the final analysis, constantly putting out fires indicates a failure to manage effectively.

Credit and Collections 130

Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

SAP Credit Management

SEPTEMBER 7, 2023

As business complexity and pace of change rises, companies must drive rapid transformation of finance operations, monitor the business, and reduce organizational risk. Those are accelerating the pace of business while their profitability is attacked. Welcome to a new edition of the Cloud ERP Close-Up after a short summer break!

Revenue Recognition 226

Revenue Recognition Order to Cash Invoice Collections Cash Applicator 226

Your Virtual Credit Manager

MARCH 12, 2024

As a result, trade credit, where businesses extend financing to customers, is undergoing rapid advancements, but it also poses high risks, especially in assessing creditworthiness, dealing with economic fluctuations, and fraud. Include analyses of receivables aging and delinquency to help identify opportunities to improve cash flow.

AR Transformation 100

AR Transformation Credit and Collections Accounts Receivable (AR) Order to Cash 100

Your Virtual Credit Manager

APRIL 2, 2024

Commercial credit scores predict the likelihood of a business fulfilling its financial obligations, particularly regarding debt repayment and trade credit. As such, they are just one of the many tools, such as credit reports, supplier and bank references, and financial statement analysis, that can help assess a business's creditworthiness.

Credit Scoring 130

Credit Scoring Credit and Collections Bad Debt Credit Risk 130

Your Virtual Credit Manager

JANUARY 17, 2023

Photo by Alex Radelich on Unsplash When small businesses add customers and increase sales, their company’s Accounts Receivable (AR) will grow. Control over price discounting is a huge problem for many companies, even when they devote substantial time and resource to the task. it just might help them pay you sooner!

Credit and Collections 246

Credit and Collections Accounts Receivable (AR) Days Sales Outstanding Past Due Invoices 246

Due

NOVEMBER 26, 2023

If you’re a budding small business owner or entrepreneur seeking to hone your financial expertise, dedicating time to perfecting cash flow management early on is vital to solidify foundations and ensure continued success. SMBs and entrepreneurs need to master it because it influences every aspect of the business.

Transactions 105

Transactions Small Businesses 105

Due

MAY 10, 2023

Did you know that over 50% of small businesses fail in the first five years? In most cases, a lack of financial freedom is the main reason these businesses fail. Small business owners face various challenges in managing their finances, from bookkeeping and accounting to tax compliance and cash flow management.

Small Businesses 113

Small Businesses Deductions 113

Eagle Business Credit

OCTOBER 12, 2023

Many small business owners have been turning to accounting software for their bookkeeping needs. Software can be used with or without an accounting department, depending on how lean your business is. Managing accounts receivable means improving cash flow. This makes budget creation simpler.

Small Businesses 98

Small Businesses Dashboards Credit Management 98

Your Virtual Credit Manager

DECEMBER 6, 2022

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. Cash Flow is the number one cause of small business bankruptcies.

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

SAP Credit Management

JULY 26, 2023

Let me highlight the TOP 4 innovations in two-tier ERP: SAP Event Mesh Equipment Calibration Integrated Multiple Specification Inspection Cash Visibility Watch my video below to get a glimpse: SAP Event Mesh My first highlight is SAP Event Mesh in two-tier ERP. For more information, kindly refer to the blog post here.

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146

Due

OCTOBER 12, 2023

Starting your own small business is no small task. You need an assortment of resources like funds, skills, and knowledge. With a growing digital presence, businesses need to stay abreast with the latest developments. The course then delves into the critical aspects of business planning.

Small Businesses 105

Small Businesses 105

Your Virtual Credit Manager

SEPTEMBER 12, 2023

Effectively managing accounts receivable (AR) is essential for a company's financial well-being. Poor receivables performance affects cash flow, and it is no secret that cash flow problems are the leading cause of business failures. Neither situation helps your cash flow.

Credit and Collections 130

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

Your Virtual Credit Manager

SEPTEMBER 26, 2023

Your accounts receivable (AR) and cash balances as of December 31, 2023, are very important numbers. Their assessments of your business based in large part upon these metrics will determine your credit limits, collateral requirements, lines of credit and borrowing capacity. Unfortunately, it’s not that easy! Here’s why.

Credit and Collections 147

Credit and Collections Accounts Receivable (AR) Deductions Collector 147

Your Virtual Credit Manager

AUGUST 15, 2023

A one size fits all approach to collections will not achieve as high a level of recoveries and cash flow as a strategic approach to collections. Please feel free to share this newsletter with your small business customers. New orders trigger a credit hold and a call. it just might help them pay you sooner!

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Credit Management Small Businesses 130

Eagle Business Credit

NOVEMBER 29, 2023

When the economy takes a downturn possibly to recession, there is a strong working capital solution for small businesses available: Invoice Factoring. Here are the facts: Access to immediate cash flow Our same-day funding allows for fast financing and quick pivots in business operations.

Small Businesses 96

Small Businesses Credit Scoring 96

Chaser

MARCH 23, 2023

Cash flow is a crucial aspect of any business. Cash flow refers to the movement of money in and out of an organisation. Positive cash flow means that a business has more cash coming in than going out, while negative cash flow means that the opposite is true.

Bad Debt 87

Bad Debt Credit Sales Default Small Businesses 87

Due

DECEMBER 16, 2023

And yet, the man has built one of the biggest business empires in Europe. With that in mind, here are a few ways numbers-phobic entrepreneurs can not just take care of small business finance but do so with ease. Utilize Simpler Accounting Methods There is small business accounting, and then there’s small business accounting.

Small Businesses 98

Small Businesses Transactions 98

Credit Management Group UK

AUGUST 22, 2023

One of the regular questions we get asked is how we can help a Small to medium business with their cash flow? Having someone within the business who is responsible for ensuring these are adhered to can make a difference to a companies bottom line. Why not get in touch and see if we can help you today.

Order to Cash 80

Order to Cash Credit Management 80

Eagle Business Credit

OCTOBER 16, 2023

Starting a small business can be an exciting venture filled with dreams of success and profitability. In this article, we will explore the essential relationship between working capital and profit, breaking down complex financial concepts into digestible bites for small business owners.

Small Businesses 98

Small Businesses Credit and Collections Invoice Collections Invoice Amount 98

lsq

MARCH 15, 2024

One of the most common things I have heard when starting a conversation about a supply chain finance program is, “we are financially stable/have adequate cash flow or we just don’t need a program.” Mitigating Supply Chain Risks: A financially stable business may recognize the importance of a resilient and secure supply chain.

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Gaviti

SEPTEMBER 6, 2023

At Gaviti, we are committed to providing you with the most cutting-edge solutions to streamline your accounts receivable management processes. With the Cash Application module, we’re eliminating these pain points and introducing a new level of accuracy and efficiency. What can Cash Application by Gaviti do?

Cash Applicator 98

Cash Applicator Credit Application Collector Credit and Collections 98

Plooto

APRIL 3, 2023

More money doesn't have to mean more problems , if you track business expenses accurately. Keeping track of your spending can help you make smarter decisions, stay on top of cash flow , and maximize profits – a big win for all small business owners.

Small Businesses 98

Small Businesses 98

Due

OCTOBER 4, 2023

Understanding the true potential of your resources is the first step in this journey. Remember, your resources aren’t limited to the balance in your bank accounts. The crucial step is realizing that when correctly utilized, these resources can generate significant income without continuous labor-intensive work.

Small Businesses 111

Small Businesses 111

Your Virtual Credit Manager

SEPTEMBER 19, 2023

Most businesses put up with customers that are chronic slow payers. Despite what these customers may tell you, the reason for their payment behavior is a lack of financial resources. Despite what these customers may tell you, the reason for their payment behavior is a lack of financial resources.

Credit and Collections 130

Credit and Collections Bad Debt Default Credit Risk 130

Due

FEBRUARY 5, 2024

In today’s digital age, business data comes from various sources, including customer interactions, sales figures, social media metrics, and operational statistics. But what about your business? That’s a key question to answer, especially if you want to make smarter business choices. Your company is awash in data.

Credit and Collections 116

Credit and Collections 116

Your Virtual Credit Manager

APRIL 25, 2023

Photo by JESHOOTS.COM on Unsplash When business owners become challenged by the collection of delinquent receivables (AR), here are the solutions they commonly choose: Handle Collections Yourself: Before going this route you first need to consider whether you have the time and are likely to be effective. For more on outsourcing, click here.

Credit and Collections 130

Credit and Collections Past Due Invoices Collector DSO 130

Lendio

NOVEMBER 7, 2023

You can launch your own business from the ground up, you can partner with someone else, or you can even buy a small business outright. Buying a small business can create a unique stream of income and help you to launch your new career—you just need to know where to find them and how to invest.

Small Businesses 97

Small Businesses Credit and Collections Credit Scoring 97

Your Virtual Credit Manager

MAY 16, 2023

Business credit, also known as trade credit, facilitates the flow of goods and services between business trading partners. Only after accounting for these factors can you begin evaluating the credit of your business customers and prospective buyers. There are over 30 million businesses in the US.

Bad Debt 100

Bad Debt Credit and Collections Default High-Risk Accounts 100

Your Virtual Credit Manager

JANUARY 23, 2024

Even more likely are changes to a customer’s business. Furthermore, new businesses and small businesses tend to have high failure rates, and there is good reason to believe a wave of defaults is coming. We are currently offering 33 percent off our standard small business consulting rates.

Credit Application 130

Credit Application Bad Debt Bankruptcy Credit Scoring 130

Gaviti

JANUARY 10, 2023

The current global economy requires dynamic cash flow planning, but not all CFOs have the skills or talents to rise to the occasion. Why Is a Dynamic Cash Flow Planning Process So Important in 2022? Why Is a Dynamic Cash Flow Planning Process So Important in 2022? Discrepancies between cash flow and DSO.

Average Days Delinquent 98

Average Days Delinquent Collection Effectiveness Index Days Sales Outstanding Cash Forecasting 98

Lendio

MARCH 21, 2024

For small business owners, the adage “you have to spend money to make money” rings particularly true, especially when it comes to inventory. However, managing a healthy, cash-flow positive business sometimes means turning to additional financial tools – and this is where inventory financing can be a game-changer.

Credit Scoring 52

Credit Scoring Credit and Collections Small Businesses Default 52

Your Virtual Credit Manager

SEPTEMBER 13, 2022

A large number of deductions involve relatively small dollar amounts that can “fly under the radar.” ” Large or small, many deductions also require significant time to research. Please feel free to share this newsletter with your small business customers. Well, it’s not.

Deductions 130

Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Lendio

NOVEMBER 10, 2023

Have you always dreamed of owning your own business, but don’t want to start from scratch? One option is to buy an existing business. This is where a Small Business Administration (SBA) loan comes in handy. In this blog post, we will discuss how to use an SBA loan to buy an existing business.

Credit Scoring 96

Credit Scoring Credit Unions Small Businesses 96

Your Virtual Credit Manager

APRIL 11, 2023

Accounts Receivables (AR) require active management. In fact, a hands off approach will only serve to compound the weaknesses in your order-to-cash (O2C) process. It can also be tempting for older businesses to forego the credit check when they are desperate to increase sales. Laissez-faire doesn’t cut it.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Days Sales Outstanding 130

Lendio

NOVEMBER 1, 2023

There are many different kinds of small business loans, making it essential to do your research before beginning any application process. Getting a business loan sounds simple — until you realize how many types of loans exist and how many lenders offer those loans,” says business.org.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections Default 98

SAP Credit Management

JANUARY 25, 2023

SAP S/4HANA Cloud is a cloud-based enterprise resource planning (ERP) system that provides a suite of integrated and end-to-end business applications for various industries, including sales, procurement, manufacturing, transportation, and integration with other cloud systems such as Ariba, DMC, etc.

Dashboards 150

Dashboards Order to Cash 150