May, 2024

article thumbnail

Selling the Order-to-Cash Transformation

Credit Research Foundation

It’s Your Job to Sell Order-to-Cash Transformation – An Outline to Begin Your Journey Through a recent CRF webinar , I had the pleasure of listening to a former credit practitioner, Sarah-Jayne Martin, share her experiences selling the need to invest in technology at the operational level of an Accounts Receivable organization. What was truly interesting was that it wasn’t just about developing an ROI (return on investment) and placing that in front of a CFO, but to holistically consider impacts

article thumbnail

“Must Have” Metrics for Receivables Management

Your Virtual Credit Manager

Monitoring and tracking cash is a critically important activity for most small businesses (for more on that subject, check out “ Taking the Crystal Ball out of Cash Flow Forecasting ”). Since payment of Accounts Receivables (AR) is the primary source of regular cash inflows for most companies, you need to also track your AR to not only maintain its health as well as to better manage it and ensure maximum cash inflow.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Six of the largest US banks take part in a Federal Reserve exercise

Due

The Federal Reserve has released a statement detailing that some of the largest American banks participated in a new exercise. The Climate Scenario Analysis Exercise (CSA) involved some of the biggest names in banking and sought to asses their climate risk-management practices. Banks take part in climate exercise Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo participated.

145
145
article thumbnail

Digital 55 – Pioneering Creative Content with A Strategic Financial Partnership

FundThrough

Introduction Crafting the Future of Content through Strategic Financial Agility Digital 55, an avant-garde digital studio, blends creative storytelling with cutting-edge technology to produce dynamic media and digital learning experiences. Under the leadership of founder and Chief Creative Officer, Lauralee Sheehan—an indie musician turned digital innovator—the company has carved a niche in creating impactful digital […] The post Digital 55 – Pioneering Creative Content with A Strategic Fi

111
111
article thumbnail

Cash Flow Vs Profit: What’s The Difference?

Lendio

What’s the difference between cash flow and profit? As a business owner, these two terms can feel interchangeable. But the truth is, they’re far from it—and knowing when to prioritize one over the other can help you make better strategic decisions in that moment. What is cash flow? Whether you’re just starting a business or have an established brand, you’ll feel the effects of cash flow similarly.

article thumbnail

Learning and growing in fintech

Plooto

What led you to join Plooto, and what has your journey been like since then? As someone who majored in Economics, I was always interested in working in fintech. When I was looking for startups to apply to, the name Plooto kept coming up. Plooto is well known in the Toronto startup space, and I thought the company would be a good fit.

104
104

More Trending

article thumbnail

Optimizing small business lending: Best practices and strategies

Abrigo

Boost your small business lending efforts from the bottom up Small businesses play a crucial role in our economy, and one of the critical factors in their success is access to funding. You might also like this guide for smarter, faster small business lending. DOWNLOAD Takeaway 1 Your loan policy sets the tone for the institution's approach to risk appetite, risk tolerance, lending philosophy, and organization of the lending function.

article thumbnail

The Minimalist Approach to Personal Finance: How to Simplify Your Life While Saving Money

Due

It’s no secret that we live in a world obsessed with “more.” But, as Benjamin Franklin said, “Many a man thinks he is buying pleasure when he is really selling himself to it.” However, minimalism offers a refreshing approach to personal finance. Despite the misconception, this isn’t about deprivation or hardship. Rather, it’s about aligning your finances with your values and finding freedom in simplicity.

105
105
article thumbnail

Recognizing Our Military Spouses - Happy 2024 MilSpouse Appreciation Day!

Accounting Department

Our AccountingDepartment.com family is proud of its vibrant and diverse “cast of characters”—we span the country with our team members coming from all backgrounds and personalities. Included among our team are some amazing Military Spouses whose hard work, dedication, and contributions are part of what makes our family so strong—and theirs as well.

84
article thumbnail

How to Accept Credit Card Payments for your Small Business

Lendio

As more American consumers utilize next-generation payment methods like touchless transactions or smartphone payments, there’s a general sense that we’re headed toward a cashless world. However, there are still plenty of small businesses that operate exclusively in cash—and will continue to do so for years to come. If you’re trying to decide whether you should accept credit card payments, it’s never been easier.

article thumbnail

Navigating Debt Collection Challenges in the Tech Industry

Enterprise Recovery

The tech industry is known for its rapid growth and innovation but faces unique challenges regarding debt collection and non-paying clients. Understanding the intricacies of debt collection in this sector is essential for companies to recover payments and maintain financial stability. Learn more about the complexities of debt collection within the tech industry and the strategies for successful payment recovery.

article thumbnail

How can recruitment companies reduce their risk of late payments?

Credit Management Group UK

Late payment and poor payment practices continue to be an enormous burden on UK businesses. For the recruitment industry, particularly recruiters that deal with temporary placements, it is essential that cash flow is maintained; late or non-payment can have a significant impact on the cash flow of a business which can result in additional costs in extending finance arrangements if that is possible, and in severe cases even insolvency of the recruitment business.

article thumbnail

Best Credit Card Processing Companies for Small Businesses

biz2credit

In this article, we cover: What is Credit Card Processing? Does My Business Need Credit Card Processing? Best Credit Card Processing Companies for Small Businesses When it comes to running a business, cash may be king, but plastic dominates most transactions. And because of this, having a seamless payment solution for your small business is … Continue reading "Best Credit Card Processing Companies for Small Businesses" The post Best Credit Card Processing Companies for Small Businesses pub

article thumbnail

Understanding and cultivating inner peace

Due

In the pursuit of tranquility and serenity, it’s not uncommon for individuals to find themselves looking in all the wrong places. The search for inner peace often leads them to seek peace in their external environment, material possessions, other people, and even societal validation. However, the secret to finding inner peace isn’t found in the outer world but within oneself.

98
article thumbnail

Optimizing Financial Management through Outsourced Client Accounting Services

Accounting Department

Outsourced client accounting services play a crucial role in helping businesses take control of their financials. These services involve outsourcing the accounting and bookkeeping tasks to a third-party service provider, allowing businesses to focus on their core operations. The role of outsourced client accounting services goes beyond basic bookkeeping; it includes managing accounts payable and receivable, payroll processing, financial reporting, and more.

74
article thumbnail

Understanding Your Business Credit Score Range

Lendio

A personal credit score determines the level of risk that comes with lending to you. You use it to apply for credit cards and other financing options to cover major purchases. A business credit score works similarly, except instead of evaluating your risk as an individual, financial institutions evaluate your business’s viability. Like personal credit , business credit takes time to build.

article thumbnail

The ROI of Outsourcing Your Accounts Receivable

Enterprise Recovery

Outsourcing accounts receivable and collections is a strategic decision that can benefit businesses. By partnering with a collection agency, businesses can offload the time-consuming task of chasing unpaid invoices, allowing them to focus on their core operations. Discover the financial benefits of outsourcing your accounts receivable and how it can positively impact your business's bottom line.

article thumbnail

Struggling to get paid? Our traning courses can help!

Credit Management Group UK

**June 2024 flash sale** Collection Performance £130 + vat per person Running w/c 24th June 2024 Our Improving Cash Flow courses are beneficial to those new to collections, with no formal training, or to those who view the course as a refresher in credit control, wishing to improve and develop their collection techniques. **Book the Small Claims Court for June and get this course 50% off** Enquire Now Course Delivery The course will be presented via live webinar, this will take place for 1.5 hou

article thumbnail

Prompt payment policy update - How it impacts your small business | Chaser

Chaser

The Prompt Payment Code protects organisations and their suppliers by establishing regulatory standards for payment. The Code was established in 2008 and has undergone several revisions since then, including the most recently updated standards in April 2024.

article thumbnail

Decoding America’s escalating debt crisis

Due

The United States is currently in the throes of a staggering $34 trillion debt crisis, which has economists, policymakers, and the general public engaged in heated debates. The country’s debt-to-Gross Domestic Product (GDP) ratio is at an all-time high, a situation attributed mainly to unprecedented money printing. This has led to inflation and a looming social security crisis, with the government admitting that it may not be able to fully pay social security starting in 2034.

Default 98
article thumbnail

Navigating the Hidden Costs of Business Decisions: The Crucial Role of Opportunity Cost

Accounting Department

In the dynamic world of entrepreneurship and business management, every decision you make can significantly impact your business's trajectory. Whether it's choosing between investing in new technology or expanding your product line, the choices are endless and often complex.

article thumbnail

How to Buy a Franchise: Your Complete Guide to Franchise Ownership

biz2credit

Buying a franchise can jumpstart your journey to business ownership, bypassing challenging tasks like brand building, earning customer loyalty, and even defining your products and services. Franchises also offer unique funding opportunities, like franchise loans and franchisor financing. But that doesn’t mean that buying a franchise is without its challenges.

59
article thumbnail

Train driver “shortage”. What does this tell us?

Cpcmcredit Blog

Perhaps inspired by Casey Jones (above), many boys of my age dreamt of being a train driver when they grew up. Admittedly todays electrical units are not as romantic as the steam trains of old but its still a career that surely must be appealing to many people on a variety of levels We are all frustratingly aware that the trade is heavily unionised but that does also mean that drivers conditions are very favourable with relatively high wages and levels of leave.

52
article thumbnail

Navigating the New Era of Treasury Management: Harnessing AI for Risk Mitigation and Liquidity Management Amid Uncertainty

Emagia

The global economic landscape of the previous year was fraught with tension, stemming from the collapse of Silicon Valley Bank (SVB), a bank run, and the Fed’s decision to maintain interest rates at historic highs to curb inflation. These events underscored the paramount importance of liquidity management in the corporate sphere, prompting an intensified focus on navigating financial uncertainties.

Default 52
article thumbnail

5 things you don’t want to miss at Accountex London 2024

Chaser

Are you planning to attend Accountex London 2024 ? Chaser is excited to be exhibiting at this year's event, which is set to take place on Wednesday, May 15th, and Thursday, May 16th at the Excel. As the leading event in Europe's accounting and finance community, Accountex London is the perfect opportunity for businesses to connect, learn, and discover new technologies to enhance their financial processes.

59
article thumbnail

Mastering Debt in Retirement: Strategies for Financial Freedom in Your Golden Years

Due

For many older Americans, the dream of a peaceful and worry-free retirement can be clouded by the weight of carrying debt as they age. With limited income sources such as Social Security, retirement savings, and pension plans, handling retirement debt can seem overwhelming. Nonetheless, recognizing how debt affects your stability and employing strategies to address it directly can pave the way for a more secure and fulfilling retirement.

article thumbnail

Knowing When to Let Go: Delegating for Business Growth | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

Andrea engages in a candid conversation with ADC co-founder Bill Gerber, exploring the pivotal decision-making process behind delegating tasks for business growth.

73
article thumbnail

AI marketing tools for Small Businesses

biz2credit

If you’ve been a small business owner long enough, you know how important marketing is. It’s how you get the word out about your products or services, attract customers, and ultimately drive growth. But with limited time and resources, it can be challenging to execute effective small business marketing campaigns. For many entrepreneurs, finding effective … Continue reading "AI marketing tools for Small Businesses" The post AI marketing tools for Small Businesses published first on.

article thumbnail

Court Opinion Review: WeWork, J&J, Gal, Casa Systems

Reorg Blog

This Reorg Court Opinion Review considers the WeWork disclosure fiasco, J&J’s proposal for a prepackaged LTL 3.0, rejection of creditor lockups in Gol and an interesting private sale in Casa Systems.

59
article thumbnail

We’re a small business, I do all the bookkeeping – I just need someone to keep us on the right track

blue dot counseling

From time to time it's worth checking in with your accountant just to make sure everything is in as good a shape as you think it is. The post We’re a small business, I do all the bookkeeping – I just need someone to keep us on the right track appeared first on Blue Dot Consulting.

article thumbnail

How to choose the right accountant for your business | Chaser

Chaser

Selecting the perfect accountant for your business is a big decision. One that can have significant implications on your finances and success. The right partner provides invaluable support , while the wrong choice can quite literally cost you dearly. This guide will walk you through the essential tips for choosing an accountant tailored to your unique business needs.

59