Sat.Apr 13, 2024 - Fri.Apr 19, 2024

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Is Your Collection Agency a Good Fit?

Your Virtual Credit Manager

Despite advances in workflow automation and payment technology, collecting commercial receivables is not getting any easier. Despite improvements in order-to-cash (O2C) processing, the explosion in digital payment mechanisms creates new complications. In addition, the regulatory environment is growing, as is the number of invoices being disputed by customers.

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Have you thought about Outsourced Credit Management?

Credit Management Group UK

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. For many businesses it is not deemed feasible to have a credit control department which is entirely understandable, however from experience, those that are left with credit control

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Aryza Group Appoints New Non-Executive Directors 

Collenda

Aryza Group Appoints New Non-Executive Directors Aryza Group, announces the appointments of two new Non-Executive Directors, Michael McAteer and Tamara McMillen. Michael brings broad experience from Grant Thornton across a range of accounting and financial restructuring disciplines, advising Irish and cross border businesses on best practices in the retail, leisure, construction and IT sectors.

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Check Processing Made Easy with Biller Genie Check Scanning

Accounting Department

Our friends at Biller Genie have announced a new software update that is packed with new features designed to streamline the check processing process and enhance the financial operations of businesses. This update introduces innovative features that will revolutionize how businesses manage paper checks and adapt to the future of accounting software integrations.

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Exploring Altice France’s Liability Management Options

Reorg Blog

The stir created by French telecommunications and media company Altice France SA’s fourth-quarter 2023 earnings call is yet to die down. The trigger was management’s notification that it had revised its deleveraging target, now aiming to delever below 4x, which would require participation of investors in discounted debt repurchase or exchange transactions.

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International Expansion: A Guide for Small Businesses

biz2credit

In this article, we cover: How Can a Small Business Expand Internationally? Steps for Expanding into an International Market Funding growth across geographical borders Expanding into international markets can be a lucrative opportunity for small businesses looking to fuel growth and expansion by broadening their customer base and increasing revenue streams.

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LSQ Creates $15MM Invoice Finance Facility for Cell Phone Wholesaler

lsq

ORLANDO, Fla. (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. The company will use the additional capital to support its growth trajectory since adding new product lines in the past 18 months.

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India Cements Aims for ~INR 7.5B NCD Private Placement

Reorg Blog

The India Cements Ltd. a Chennai-based listed cement manufacturer, has mandated Nomura and Bank of America as lead arrangers to privately place around INR 7.5 billion.

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Take Your Professional Practice to the Next Level with an SBA Loan

FNB Small Business

As a professional, you've dedicated countless hours to refining your expertise and establishing a practice. A successful professional practice, however, requires careful planning for future growth and success. No matter what goals you have for your practice, it's important to evaluate your long-term financing options to help you achieve them.

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Embracing risk for personal and societal growth

Due

In the grand scheme of life, it is often observed that nothing worthwhile comes without taking risks. This sentiment echoes the profound words of Nelson Mandela, who once said, “There is no passion to be found playing small and settling for a life that’s less than the one you’re capable of living.” This statement is a powerful reminder that to live a life of passion and fulfillment — truly, one must be willing to take risks and step out of one’s comfort zone.

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Aryza and Dotdigital Forge Strategic Alliance to Revolutionise Customer Experience in Credit and Debt Management

Collenda

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. Dotdigital’s customer experience and data platform (CXDP) empowers marketing teams to exceed customer expectations with highly personalised cross-channel journeys, helping bra

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Continuum Green Promoters Seek Financing

Reorg Blog

Promoters of Continuum Green Energy have appointed Deutsche Bank to help raise debt of $200 mn to partially purchase a 20% to 25% stake from Morgan Stanley Infrastructure Partners.

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LSQ Creates $25MM Invoice Finance Credit Facility for Global Pharmaceutical Manufacturer

lsq

ORLANDO, Fla. (April 16, 2024) – LSQ, a leading provider of working capital finance and payments solutions, recently originated a $25 million invoice finance facility for the U.S. operations of a global pharmaceutical manufacturer. The company was referred to LSQ by a broker partner when the client outgrew its existing line of credit with its bank partner.

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United Airlines records $200m hit from Boeing grounding

Due

United Airlines’ First-Quarter 2024 Financial Results show the impact of the Boeing 737 MAX 9 grounding. The financial report is a stark look at the way the commercial aviation provider has been hit since a mechanical fault forced a plane to land. United Records Financial Hit The Federal Aviation Administration (FAA) was quick to act after an Alaskan Airline flight had a malfunction whilst it was in the air.

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Understanding aged receivables: A comprehensive guide | Chaser

Chaser

Efficient financial management is essential to succeeding in today's competitive business environment. This is particularly true when it comes to managing aged receivables. Finance professionals and accountants play a significant role in maintaining healthy aged receivables (AR). Therefore, they help establish and maintain a firm financial base for businesses.

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Global Liability Management Quarterly: Altice France Asset Drop-Downs Galvanize Investors Into Organizing; Rackspace Uptier Exchange Less Aggressive Than GoTo Group and Apex Tools; Parties Settle Robertshaw Uptier Challengers; Vedanta Consent Provides About 2 Years Extra Time

Reorg Blog

The post Global Liability Management Quarterly: Altice France Asset Drop-Downs Galvanize Investors Into Organizing; Rackspace Uptier Exchange Less Aggressive Than GoTo Group and Apex Tools; Parties Settle Robertshaw Uptier Challengers; Vedanta Consent Provides About 2 Years Extra Time appeared first on Reorg.

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Technology trends for the factoring industry

aptic

As a factoring provider, you already know how much is happening in the industry. Both customer needs and technological developments are advancing faster than ever. To avoid being left behind, it’s important to understand how technology affects all changes. At the same time, it’s important to recognise the new opportunities it brings. As a result, we’ve taken a look at the latest technology trends in the factoring industry.

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Man Faces $70M Medicare Fraud Scheme Charges

Due

A Mississippi man has been charged with multiple offenses relating to $70 million Medicare fraud by the Justice Department. An indictment was unsealed in Tampa last week for Joel Rufus French, 46, who appeared when summoned in Oxford, Mississippi. The FBI Tampa Field Office and HHS-OIG are investigating the case. Man charged with millions of dollars of fraud French allegedly used bribes to obtain doctors’ orders to obtain unnecessary amounts of durable medical equipment (DME).

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Xero training in Fulham

blue dot counseling

Your business is unique and your bookkeeping need to be done so that it accurately reflects the behaviour of your costs and revenues and helps you grow profitably. The post Xero training in Fulham appeared first on Blue Dot Consulting.

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Prepackaged DIPs Gaining Popularity, Offer Lucrative Terms to Lenders

Reorg Blog

Legal Research: Josh Neifeld, Jason Sanjana Data Visualization: Ian Howland DIPs in prepackaged chapter 11 cases are on the rise, as reflected in data from Reorg’s Credit Cloud database. In fact, every prepackaged bankruptcy case so far this year has included DIP financing.

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Adopting financial automation for easier tax seasons

Plooto

Tax season can be extremely intimidating for small business owners. The weighty task of sorting through a year's worth of financial transactions, ensuring accuracy, and meeting deadlines — all while continuing to day-to-day operations — can be stressful enough.

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Trapped by a Financial Predator: Escaping the Clutches of a Scam Advisor

Due

Have you, or someone you care about, been trapped by a financial predator? Don’t beat yourself up too much — you’re far from alone. Financial scams don’t just target the most vulnerable or gullible among us. The best con artists are the ones who know exactly what they’re doing, whether it’s a debt collection, credit card phishing , or imposter scam.

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Writing effective collections emails | Chaser

Chaser

When chasing overdue payments , the way you craft your collections emails can impact not only the likelihood of receiving timely payments but also the strength of your relationship with clients.

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Covenant Analysis: Exploring Altice France’s Liability Management Options: Debt Push-Down, Priming / Subordination Threats Could Be Used to Coerce Creditors Into a Deal

Reorg Blog

The post Covenant Analysis: Exploring Altice France’s Liability Management Options: Debt Push-Down, Priming / Subordination Threats Could Be Used to Coerce Creditors Into a Deal appeared first on Reorg.

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QuickBooks training in Fulham

blue dot counseling

Whether you're on your own, early-stage or a well-established business, we'll help you make the most out of your investment in QuickBooks. The post QuickBooks training in Fulham appeared first on Blue Dot Consulting.

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Meditation: mastering calm in daily chaos

Due

Letting the day take control of us in the hustle and bustle of our daily lives is easy. We often find ourselves on the back foot, our minds wandering down rabbit holes of anxiety and stress. This is a common experience for many, and pulling ourselves out of this mental quagmire can be challenging. However, there is a powerful tool at our disposal that can help us regain control and navigate our day with more calm and focus: meditation.

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Small Business Guide to Managing Supply Chain Disruptions

biz2credit

A streamlined supply chain is an operational advantage, the kind that most people don’t notice until a disruption occurs. Then “business as usual” becomes a chaotic mess that can quickly lead to lost sales, damaged relationships with customers, and financial strain. It’s no wonder then, that the U.S. Chamber of Commerce reports that supply chain … Continue reading "Small Business Guide to Managing Supply Chain Disruptions" The post Small Business Guide to Managing Supply Chain Disruptions

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Phoenix ARC Acquires About INR 19B Real Estate NPLs of IIFL Finance 

Reorg Blog

Kotak Mahindra Group-backed Phoenix ARC Pvt. Ltd. has acquired nonperforming real estate loans of around INR 19 billion ($227.7 million) from IIFL Finance Ltd.

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Aged debtors report in Xero

blue dot counseling

Like most accounting software, the standard presentation of aged debtors is in alphabetical order - which is as useful as a chocolate teapot! The post Aged debtors report in Xero appeared first on Blue Dot Consulting.

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Tesla trims workforce by 14,000

Due

Electric automotive giant Tesla is cutting 14,000 jobs as sales have been slowing. Billionaire Elon Musk’s eco-friendly electric car company announced the redundancies, as reported by Elektrek. Musk cuts staff via memo Elon Musk reportedly contacted staff and the memo made it’s way to the mainstream media. Elektrek published the memo Musk compiled that earmarked the car manufacturer cutting 10% of its workforce.

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Ask me anything: Instalments deep dive

GoCardless

Join us live on 22nd May at 11am BST for a discussion on how Instalments can help you win more customers and see a live demo of how they work.

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Seazen, Wanda, and Blessing in Disguise in a Real Estate Boom

Reorg Blog

In real estate, as the saying goes, it’s about location, location, location. Often, it’s also about timing, timing, timing – even if at the time, the timing looks to be all wrong.

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The Importance of the Accounts Receivable Aging Report

Gaviti

As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (AR) collections aging report. Also known as “ accounts receivable reconciliation ,” this is a common report that offers a broad overview of a company’s financial status as well as the status of its customers and their abilities to pay. What Is an AR Aging Report?

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5 Tips for Small Business Owners to Assess and Improve Their Bookkeeping

Due

America’s small businesses face unprecedented challenges. Small business bankruptcy filings increased 78% over the past year, driven by impending changes to bankruptcy law and ongoing uncertainty about the overall economic outlook. Chief among these concerns is whether, when, and by how much the Federal Reserve Bank of the United States will begin cutting interest rates.