Fundera

JULY 25, 2018

It’s not always easy to find the cash you need to fund your business—and it’s even harder if your credit is less than stellar. So, if you’re considering one of these business loans , that might lead you to the question: Do short-term loans affect your credit rating? Short-term loans affect your credit rating, as do as any other loan.

Credit Scoring 62

Credit Scoring Small Businesses 62

RevCycle

DECEMBER 7, 2023

Emphasize empathy and understanding: Acknowledge the challenges of the holiday season and express your willingness to work with them to find a solution. Utilize credit scoring tools: Leverage credit scoring tools to assess customer creditworthiness and prioritize your collection efforts.

Alternative Payment Methods 223

Alternative Payment Methods Credit and Collections Credit Scoring Payment Portals 223

Your Virtual Credit Manager

APRIL 9, 2024

In such a time of easy money, receivables management becomes less critical and credit policies tend toward laxity. Now that interest rates are higher, it is time for companies to reset their credit policies in order to adjust to the current interest rate environment. Where Are Interest Rates Headed?

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Credit Card Payments Collections Automation 130

SAP Credit Management

SEPTEMBER 20, 2023

Product Deep Dives, Level-Ups, and Demos : Gain a deeper understanding of SAP SuccessFactors and our partner solutions. See in action how to build the skills needed for a future-ready workforce and SAP employee experience management solutions by Qualtrics that can help you listen to employees.

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Your Virtual Credit Manager

FEBRUARY 27, 2024

For a small business owner or executive, navigating credit decisions can be challenging, especially when they clash with the goals of other stakeholders within the company. It's essential, however, for everybody to recognize that credit decisions also have broader implications across various aspects of company operations.

Accounts Receivable (AR) 130

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

Your Virtual Credit Manager

NOVEMBER 14, 2023

Credit Policy is an inextricable part of a company’s Sales Policy. If you choose to sell on open credit, the terms you offer are in effect part of the price. If you discuss credit terms with a competitor, you are in violation of anti-trust statutes forbidding price fixing. What’s Right for Your Firm?

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

JANUARY 9, 2024

Then last week we looked at credit hold best practices. 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. There is nothing wrong with that.

Credit and Collections 130

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

Your Virtual Credit Manager

FEBRUARY 6, 2024

As a small business owner or executive, managing accounts receivable (AR) and navigating through various credit decisions is an integral part of the job. After all, credit and collections is essential to the performance of your order-to-cash (O2C) process and cash conversion cycle.

Credit and Collections 130

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

Your Virtual Credit Manager

DECEMBER 19, 2023

Hopefully, that is why you are reading Your Virtual Credit Manager. If they are the result of a payment deduction (partial payment), an issue requiring an administrative solution, not handling the matter inflates your AR. In most cases (90 percent or more), we find the customer has a valid claim and deserves a credit.

DSO 130

DSO Third Party Collections Credit and Collections Deductions 130

Abrigo

APRIL 25, 2024

Takeaway 3 With lower interest rates nowhere in sight, lenders need to monitor and adjust lending and underwriting strategies based on their own institution’s credit risk profile. The report is based on data from Abrigo Small Business Lending Intelligence, a lending decision and monitoring engine powered by Charm Solutions.

Small Businesses 88

Small Businesses Credit Unions Credit Risk CECL 88

SAP Credit Management

SEPTEMBER 4, 2023

The electronic document solution for Ecuador has been developed by Sothis. The solution is based on the SAP Document and Reporting Compliance and Cloud Platform Integration for direct communication with the SRI (Servicio de rentas internas). After 15 days, a credit memo must be sent.

Transactions 164

Transactions 164

Your Virtual Credit Manager

FEBRUARY 13, 2024

Clearly, the level of Business Credit Risk is going to remain elevated as we move through 2024, bringing with it the potential for corresponding increases in bad debt and delinquency. To support your decisions get updated credit reports, more recent financial statements (if available) and update the customers supplier payment references.

Bankruptcy 130

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

Abrigo

MAY 2, 2024

Introduction Small business lending for banks & credit unions Small businesses play a crucial role in our economy, and one of the key factors in their success is access to funding. This policy serves as a set of guidelines that outline the rules and expectations for the credit function within the bank or credit union.

Small Businesses 88

Small Businesses Credit Risk Credit Unions CECL 88

Your Virtual Credit Manager

JANUARY 3, 2023

” This junk AR comes in a variety of forms, such as: Short payment/deductions Debit memos Unapplied credit memos Unapplied cash Late payment fees and other surcharges Early payment discounts taken but not deserved Clutter obscures the true amount a customer owes and causes confusion. it just might help them pay you sooner!

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

lsq

MAY 6, 2024

May 6, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated twin $1 million accounts receivable finance facilities ($2 million total) for sister software firms offering access management SAAS solutions for numerous industry verticals. ORLANDO, Fla.

Bankruptcy 52

Bankruptcy Credit and Collections Credit Management 52

SAP Credit Management

JANUARY 3, 2023

Prior to the introduction of eInvoicing in KSA the cancellation of a source document was fully configurable and controlled through configuration but once you implement the solution pack of eInvoicing solution for KSA in your system, you will see a difference. Solution onboarding guide. Source document Cancellation process.

Transactions 153

Transactions 153

SAP Credit Management

AUGUST 3, 2023

Approach This is the high-level approach to this solution Introduce two custom fields in the Allowances field: User and allowance amount to be moved to TOIL. This would then translate into appropriate Adhoc Toil Accounts Just some things to note about: In the end, this is a workaround solution. Test them with your use cases.

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Lendio

MAY 6, 2024

If you’re trying to decide whether you should accept credit card payments, it’s never been easier. This guide will help you to decide whether you should take advantage of the estimated 441 million open credit card accounts in the United States. Why accept credit cards? Why you might not be able to accept credit cards.

Credit Card Payments 98

Credit Card Payments Small Businesses Credit and Collections Transactions 98

SAP Credit Management

SEPTEMBER 12, 2023

Cloud Platforms are the current technical backbone where business solutions, procedures, data, customizations are orchestrated and implemented, utilizing API, Microservices, and so on, enabling the 360° Clean Core approach. This introduces a novel form of complexity that necessitates effective management strategies.

Process Mining 186

Process Mining Credit and Collections Transactions 186

SAP Credit Management

SEPTEMBER 7, 2023

Solution : SAP Data Retention Tool (DART) functionality can be used in order to fulfill legal requirement of the Article A.47 Upon receiving notice of a tax audit, a company has 15 days to prepare and remit the FEC file. This ‘FEC’ file is described by article L. Following Article A.47

Transactions 190

Transactions 190

SAP Credit Management

JANUARY 3, 2023

Renewable Identification Numbers (RIN) are credits generated from the production or use of qualifying RF. Picture Credit: www.epa.gov. OGC receives RIN Credits that are attached to the fuel. Once this is done, these RIN Credits are retired. OGC receives LCFS Credits that are attached to the fuel.

Transactions 156

Transactions 156

Collenda

APRIL 18, 2024

Aryza and Dot d igital Forge Strategic Alliance to Revolutionise Customer Experience in Credit and Debt Management Aryza Group announces its strategic partnership with Dotdigital, an all-in-one customer experience and data platform. This partnership enhances customer experience when they access credit and debt solutions.

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64

Credit Management Group UK

APRIL 15, 2024

I have found over the years that many businesses do not have a dedicated credit control department within their business, rather this task is assigned to a role as an added responsibility; this often leads to poor collection activity due to lack of time and training to focus on effectively carrying out credit control.

Credit Management 88

Credit Management Credit and Collections 88

SAP Credit Management

JANUARY 3, 2023

Business Partners are governed and maintained in the SAP MDG hub environment, however, there are a few roles like Credit Management which SAP does not fully support in MDG. The OTC team updates the BP by adding Credit Management role UKM000 in the SAP S/4 environment. Hence, it’s essentially maintained in the S/4 operational instance.

Credit Management 141

Credit Management Transactions 141

lsq

APRIL 30, 2024

May 1, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $3.5 million accounts receivable credit facility for a staffing firm specializing in hospitality and IT. About LSQ | lsq.com LSQ is a market leader and pioneer in working capital finance and payments solutions.

Credit and Collections 52

Credit and Collections Bankruptcy Credit Management 52

lsq

APRIL 29, 2024

(April 30, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $20 million account receivable credit facility for an Ohio-based aerospace tooling and precision assemblies manufacturer. The company was referred to LSQ by a wealth management advisor.

Credit and Collections 52

Credit and Collections Bankruptcy Credit Management 52

Due

APRIL 29, 2024

They come in five packages: equity liquidation options, financial wellness platforms, student loan repayment solutions, earned wage access platforms, and healthcare financing platforms. Their mortgage solution also caters directly to pre-IPO employees. Multiply charges no equity fees, low draw fees, and competitive interest rates.

Deductions 75

Deductions Small Businesses 75

Accounting Department

APRIL 30, 2024

Fyle provides a software solution that empowers small businesses to effortlessly access their corporate credit card transaction data, granting them enhanced insight into employees' expenditures in real time.

Transactions 67

Transactions Small Businesses 67

Collenda

APRIL 11, 2024

Aryza Signs Agreement with TransUnion to Revolutionize Debt Solutions in Canada Through Aryza Advize Aryza Group, a leading provider of financial software solutions, has selected TransUnion, a global information and insights company, to facilitate access to its credit reports for Aryza Advize users in Canada.

52

52

lsq

APRIL 9, 2024

Qwil is LSQ’s early-payment embedded finance solution for staffing suppliers. As the economy continues to evolve and credit gets tighter, working capital becomes more important than ever,” said LSQ Chief Operating Officer Richard Lee. ORLANDO, Fla.

Credit and Collections 52

Credit and Collections 52

lsq

APRIL 9, 2024

Qwil is LSQ’s early-payment embedded finance solution for staffing suppliers. As the economy continues to evolve and credit gets tighter, working capital becomes more important than ever,” said LSQ Chief Operating Officer Richard Lee. ORLANDO, Fla.

Credit and Collections 52

Credit and Collections 52

Eagle Business Credit

MAY 9, 2024

While traditional bank loans are often the go-to source for business financing, the stringent credit requirements and lengthy approval processes can be a deterrent for many. This is where alternative financing comes into play, offering a variety of solutions that are often more flexible and accessible than traditional funding methods.

Small Businesses 52

Small Businesses Credit Scoring Credit Card Payments Default 52

Collenda

APRIL 9, 2024

Aryza Group Appoints Kevin O’Neill as Chief Revenue Officer Aryza Group, a leading provider of financial software solutions, announces the appointment of Kevin O’Neill as its Chief Revenue Officer.

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69

lsq

APRIL 17, 2024

April 17, 2024) – LSQ, a leading provider of working capital finance and payments solutions, recently originated a $15 million invoice finance facility for a Florida-based distributor of cellular phones and other personal electronic devices. ORLANDO, Fla.

Credit and Collections 52

Credit and Collections Bankruptcy 52

NorthOne

APRIL 19, 2024

A business line of credit might be the solution you’re looking for. The post The 16 Pros and Cons of a Business Line of Credit appeared first on NorthOne Blog. Does your business ever experience temporary cash flow gaps or unexpected expenses? Unlike a traditional loan that provides.

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Due

MAY 7, 2024

Financial Stress One primary concern about owing money during retirement is the challenge posed by high-interest debts, particularly credit card balances. Credit Card Debt Retirees facing credit card debt may find it challenging as they depend on a fixed income.

Credit and Collections 98

Credit and Collections Medical Billing Credit Card Payments Small Businesses 98

Due

APRIL 15, 2024

On the revenue side, many modern payment processing systems automatically assign inbound transactions to a specific point of sale or channel while providing additional information about the purchaser and purchase method (such as credit card type or client bank). This eliminates much of the need for manual bookkeeping, at least upfront.

Small Businesses 84

Small Businesses Bankruptcy Credit and Collections Business Bankruptcy 84