Your Virtual Credit Manager

JANUARY 16, 2024

Here then are eleven mistakes that business debt collectors should avoid: 1. The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. We are currently offering 33 percent off our standard small business consulting rates.

Debt Collections 130

Debt Collections Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

FEBRUARY 20, 2024

(Photo by Carlos Muza on Unsplash ) A Framework for Choosing Suitable AR Metrics Businesses should carefully assess their specific needs, objectives, and operating context when selecting metrics for accounts receivable (AR) performance measurement. We are currently offering 33 percent off our standard small business consulting rates.

DSO 130

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

Due

OCTOBER 12, 2023

Starting your own small business is no small task. With a growing digital presence, businesses need to stay abreast with the latest developments. However, small business owners can now avail of numerous online resources, including free online business courses.

Small Businesses 105

Small Businesses 105

Your Virtual Credit Manager

OCTOBER 31, 2023

Accounts receivable (AR) represent the amounts owed your business by your customers for the purchase of goods or services delivered on credit. Because AR constitutes one of largest assets on your books, proactively managing accounts receivable is crucial for the financial health of your business. Nobody anticipated Covid.

Bad Debt 130

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

ForwardAI

DECEMBER 20, 2022

ForwardAI CEO Nick Chandi discusses how credit unions can stay relevant, what strategies they can take to address their unique challenges, and how credit unions can keep up with the technologies transforming the banking landscape. News – Introducing Forwardly by ForwardAI: A One-Stop Shop for Small Business Cash Flow Management.

Credit Unions 97

Credit Unions Small Businesses 97

Lendio

APRIL 11, 2024

For small businesses, the margin of error is much thinner. But if you get it right, wow, can your small business hit the jackpot. Read through this guide, and you’ll find all the answers you need to make the best acquisition decisions for your business. Organic business growth can be painfully slow.

Small Businesses 98

Small Businesses Bankruptcy Credit Scoring Transactions 98

SAP Credit Management

AUGUST 16, 2023

Dive into the innovative capabilities of the Shared Ledger on SAP HANA, a potential game-changer in the realm of tax administration and e-invoicing, all powered by SAP’s Business Technology Platform. Shared Ledger on SAP HANA – Addressing VAT Challenges in Tax Administration and E-invoicing.

Transactions 137

Transactions Small Businesses 137

Your Virtual Credit Manager

AUGUST 22, 2023

For the most part, that 50 percent increase in new business formations has continue to hold. Small businesses are particularly vulnerable to the impact of these cost increases. The following table contains data about business formations and failure rates to illustrate these risks: 1 LendingTree analysis of U.S.

Credit and Collections 130

Credit and Collections Bad Debt Credit Risk Bankruptcy 130

Abrigo

DECEMBER 22, 2023

Takeaway 3 Articles specific to small community banks were among the most-read blogs, with best practices for construction lending at the top of the list. Construction loan and delinquency trends in 2023 Construction lending projections look positive according to S&P data from 2022 and 2023.

Credit Risk 88

Credit Risk Credit Unions Dashboards CECL 88

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

The Red Spectrum

MAY 8, 2023

Small businesses are the backbone of the economy. However, starting and running a business requires much capital. As a result, most entrepreneurs depend on small business financing to get their ventures off the ground. In recent years, the small business financing landscape has undergone significant changes.

Small Businesses 96

Small Businesses Credit Scoring Credit and Collections Transactions 96

Due

APRIL 4, 2024

The gig economy has opened numerous opportunities for small businesses to collaborate, innovate, scale, and stay competitive in a fast-paced global marketplace. Small companies can turn global from “day one.” Small companies can turn global from “day one.” How did the gig economy evolve?

Small Businesses 105

Small Businesses 105

ForwardAI

MARCH 15, 2023

Considering the current economic climate, the rate of inflation and a potential recession looming, preparing workable solutions to implement ahead of financially stringent times is imperative for small and mid-sized businesses (SMBs) who don’t have the resources and financial stability of larger organizations.

Small Businesses 97

Small Businesses 97

Lendio

DECEMBER 8, 2023

Navigating the world of small business financing can seem like a daunting task, especially when you’re just getting started. One of those resources is small business grants, essentially free money that you don’t have to pay back. But don’t fret—there are resources available to help you on your journey.

Small Businesses 98

Small Businesses Credit Scoring 98

Due

FEBRUARY 25, 2024

You envision launching your dream business, but traditional loans are a heavy anchor, dragging down your entrepreneurial spirit. This guide dives deep into these empowering alternatives, paving a brighter path for your business to flourish, unshackled from the chains of debt. The pressure’s on.

Small Businesses 105

Small Businesses 105

Due

APRIL 1, 2023

Launching a new business venture is a giant leap, even in the best of times. Variables, increased costs and a new responsibility as an owner are all big shifts, and the unpredictability of th economy makes them even more challenging. On the other hand, a recession may be your ticket to a flourishing new business.

Bankruptcy 90

Bankruptcy Credit and Collections Small Businesses 90

Abrigo

FEBRUARY 23, 2023

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. Takeaway 2 Small banks can better serve customers when they free up staff to focus on fostering relationships.

Credit Risk 78

Credit Risk CECL Small Businesses 78

Biz2X

DECEMBER 15, 2023

Reading Time: 3 minutes SBA loans are a lifeline for small businesses, offering them the capital to start, grow, and thrive. For small and community banks, these loans represent an opportunity to support local economies while also expanding their customer base.

Small Businesses 52

Small Businesses Transactions 52

Abrigo

OCTOBER 10, 2023

How industry analysis can improve your credit risk management Understanding your customers' businesses leads to better loan pricing, structure, and risk management. You might also like this webinar series, "Tackling common credit risk questions during challenging times." Introduction Why is industry analysis important?

CECL 78

CECL Credit Risk Credit Unions Small Businesses 78

Lendio

APRIL 23, 2024

Starting a new business can be an exciting journey, but it also comes with its own set of challenges. As a small business owner with poor credit, it can be even more difficult to find the financing you need. Getting a business loan with no credit. Getting a business loan with no credit.

Credit Scoring 52

Credit Scoring Credit and Collections Credit Reporting Agencies Small Businesses 52

Abrigo

DECEMBER 18, 2023

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters.

Credit Unions 88

Credit Unions Credit Risk Insurance Companies Small Businesses 88

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

ForwardAI

OCTOBER 29, 2023

Nick Chandi , CEO and Co-Founder of Forwardly , reveals his thoughts on the top 5 E-commerce Trends Shaping the Future of Online Shopping. In his interview with Rachel Kline at Authority Magazine , Nick unpacks the future of online shopping, shedding light on the most influential trends in payment processing and instant payments.

Small Businesses 52

Small Businesses 52

Your Virtual Credit Manager

OCTOBER 17, 2023

Extending credit is the financial backbone of Business-to-Business (B2B) commerce. If you require payment in advance or upon delivery of goods or services, you are unlikely to find many customers willing to trade on those terms causing your business to not generate enough revenue to survive. What do you need help doing?

Bad Debt 130

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

Lendio

MARCH 22, 2024

For decades now, it’s been a game of catch-up for women in business—and they’ve gained a lot of ground. From 2019 to 2023, the number of new women-owned businesses grew at nearly double the rate of businesses owned by men. How many women-owned businesses are there in the U.S.? What industries do women start businesses in?

Small Businesses 52

Small Businesses 52

Your Virtual Credit Manager

DECEMBER 26, 2023

An inability to replace the loss with new business will put a serious crimp in your cash flow, especially when the default involves a large amount. If you have more than a few customers or you have been in business several years, chances are you have dealt with customers who pay late, have defaulted or are at risk of default.

Collector 130

Collector Credit and Collections Default Third Party Collections 130

The Red Spectrum

JUNE 15, 2023

If you are a small business owner, you know how challenging it can be to find the right financing for your business needs. How can you secure the financing you need without breaking the bank or risking your business assets? We will also share some tips on how to use your financing wisely and avoid common pitfalls.

Nonprofit Organizations 73

Nonprofit Organizations Credit Scoring Credit and Collections Credit Unions 73

Lendio

MARCH 17, 2023

Small businesses play a vital role in the economy, accounting for a significant portion of job creation and economic growth. However, starting and running a small business can be a challenging endeavor, with numerous factors impacting success. Small businesses make up 99% of all U.S. of SMB owners.

Small Businesses 52

Small Businesses 52

Your Virtual Credit Manager

SEPTEMBER 19, 2023

Most businesses put up with customers that are chronic slow payers. Other companies start living hand to mouth when their sales trend downward, and unless sales pick up its hard for them to catch up on their payments. Please feel free to share this newsletter with your small business customers.

Credit and Collections 130

Credit and Collections Bad Debt Default Credit Risk 130

Lendio

OCTOBER 12, 2023

Supporting Black-owned businesses is a tangible way to foster economic equity and empowerment in the black community. These businesses contribute significantly to local economies, create jobs, and offer unique products and services that enrich our communities. However, these businesses also face unique challenges.

Small Businesses 96

Small Businesses 96

Lendio

DECEMBER 11, 2023

The holiday season is a golden opportunity for businesses to boost their sales and strengthen customer relationships. This guide will provide insights into effective holiday marketing strategies and ideas to help your business shine brighter this season. Updating your Google Business profile is equally important.

Small Businesses 98

Small Businesses 98

Due

AUGUST 1, 2023

The United States banking sector has been facing considerable challenges recently, with several bank failures and forced mergers causing concerns among experts and analysts. Tightening Lending Standards Yesterday’s senior loan officer survey, which polls large and small banks alike, confirmed this ongoing trend in the industry.

98

98

ForwardAI

NOVEMBER 10, 2022

Cash flow is a problem that has been troubling small and midsize businesses (SMBs) and accountants since the dawn of time. A 2022 survey suggested that cash flow problems are the second most significant barrier for small businesses, and one in ten states that cash flow problems are the top business barrier for them.

Small Businesses 86

Small Businesses Accounting Firms 86

Lendio

MARCH 10, 2023

As a record number of businesses opened in the last two years, Lendio.com reveals the top states for entrepreneurs. Post-pandemic America is an outstanding place to start a small business, because a staggering 10 million new small businesses began in 2021 and 2022—a record for such applications, according to a statement released on Jan.

Small Businesses 97

Small Businesses 97

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. With that, it delivers value to our customers’ business users every day.

Revenue Recognition 226

Revenue Recognition Order to Cash Invoice Collections Cash Applicator 226

Lendio

SEPTEMBER 22, 2023

In a world where gender equality is a constant topic of discussion, it’s essential that we do our part to uplift and support women in business. There are many ways we can make a difference, from investing in women-owned businesses to mentoring aspiring female entrepreneurs. Damali Peterman, Esq.,

Small Businesses 98

Small Businesses 98

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