Your Virtual Credit Manager
JANUARY 14, 2025
The United States has witnessed a significant surge in corporate bankruptcies, reaching a 14-year high in 2024. Business bankruptcy filings increased by 33.5% during the 12-month period ending September 30, 2024. This trend has been driven by a combination of factors, including rising interest rates, persistent inflation, higher labor costs, and shifts in consumer spending patterns following the pandemic.
Credibly
JANUARY 10, 2025
Table of Contents Can you get a business loan with no credit check? The pros and cons of a small business loan with no credit check Business loan options with low credit score requirements Borrowing with Credibly and our low credit score requirements Explore your flexible financing options Looking for business loans with no credit check? Most lenders will perform credit checks to assess creditworthiness, however, how your credit is weighted on the application will vary based on the type of le
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Your Virtual Credit Manager
JANUARY 7, 2025
How was your accounts receivable (AR) performance last year? This is a very important question because AR is typically one of the top two or three largest assets for a B2B vendor. The primary way most companies measure AR performance involves looking at the Days Sales Outstanding (DSO) metric. Accelerating sales can increase DSO, but most often the cause is problems in the order-to-cash (O2C) pipeline affecting collections.
RMAi Blog
JANUARY 9, 2025
RMAI extends its thoughtsof supportto allof those affected by the wildfires in Los Angeles. RMAI recommends all members temporarily suspend collection calls and communications to consumers in Los Angeles County. Information on the impact of the Los Angeles wildfires can be found on the City of Los Angeles Emergency Management Department. To find out more about all disaster declarations, visit the FEMA website.
Gaviti
JANUARY 6, 2025
Managing accounts receivable can be challenging, but having a structured approach to writing collection reminders can make a significant difference. Many businesses that have embraced automated tools such as payment reminder software are able to simplify this process with dunning emails and late payment reminder templates that ensure consistency, save time, and improve efficiency.
Chaser
JANUARY 1, 2025
In the world of finance, two crucial concepts that play a significant role in managing a company's cash flow are accounts payable vs accounts receivable. Understanding the difference between these two terms is essential for businesses to maintain a healthy financial position.
Loomis Sayles Credit Research
JANUARY 6, 2025
To kick off 2025, Loomis Sayles will feature forward-looking views on key segments of the fixed income market. Seasoned experts with knowledge and experience in each sector will answer three questions that drill into major themes for the year ahead. Keep an eye out for each installment as the series rolls out over the next few weeks. To set the stage, were starting with Craig Burelle, Global Macro Strategist, Credit, and his views on the macro backdrop. 1.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Gaviti
JANUARY 7, 2025
A proactive B2B payment reminder sent before the due date is the most effective method for ensuring timely payment of invoices. Even so, businesses sometimes arent able to pay on time for a variety of reasons. Sending a payment reminder for business helps ensure that clients are aware that a due date has passed and that the invoice is outstanding. In certain cases, youll also need to follow up with a past due invoice email.
Chaser
JANUARY 1, 2025
The accounts receivable turnover ratio is a financial ratio that measures how efficiently a company collects its accounts receivable. It is calculated by dividing net credit sales by average accounts receivable.
Accounting Department
JANUARY 7, 2025
The role of financial strategy in business success has never been more apparent. With increasing financial complexities, regulatory challenges, and an unpredictable economic environment, small and medium-sized businesses (SMBs) are discovering the critical value of CFO support services.
Your Virtual Credit Manager
DECEMBER 31, 2024
Happy New Year! As the new year approaches, many of us take pause to review the ups and downs of the year gone by. Publishers are no different, though we like to focus on what piqued the interest of our readers, and then give them more of the same. In our case, we found a continued interest in collection technique and strategy, as well as in fighting credit fraud.
Gaviti
JANUARY 5, 2025
Once your business has started to grow significantly, your A/R and finance team will probably ask themselves how they can transform your accounts receivable process in the most efficient manner. At some point during the business process, most owners ask the question: Whats the best way to transform our accounts receivable process? Choosing an accounts receivable automation solution is only the first step in transforming your accounts receivable.
Chaser
JANUARY 6, 2025
In todays data-driven world, the importance of robust security and privacy measures cannot be overstated. Achieving SOC 2 Type II compliance is a significant milestone for Chaser and, most importantly, for Chaser users.
Accounting Department
DECEMBER 26, 2024
For many medium-sized businesses, the decision to maintain an in-house accounting team seems like a straightforward choice. After all, having an on-site dedicated team can seem beneficial for managing financial operations closely. However, beneath the surface lies a myriad of hidden costs that can significantly impact your bottom line. This blog post explores these hidden costs and examines whether outsourcing accounting functions might be a smarter, more efficient alternative.
Due
JANUARY 10, 2025
The founder of the cryptocurrency entity Wolf Capital Crypto Trading LLC (Wolf Capital) has pleaded guilty to actions that led to the loss of $9 million to investors. Travis Ford acted as the co-founder, CEO, and Head Trader of Wolf Capital and drove investments mainly in the period between January 2023 and August 2023. The U.S. Postal Inspection Service (USPIS) led the investigation into Wolf Capital and Ford.
Loomis Sayles Credit Research
JANUARY 13, 2025
Over the past year, headlines about creditor-on-creditor violencesituations where different creditor groups clash over restructuring termshave dominated the conversation in leveraged finance. While these high-profile disputes make for compelling stories, they represent just one component of a broader and more significant trend: the rise of liability management exercises (LMEs).
Credibly
JANUARY 9, 2025
Table of Contents How to start a business as a freelancer Business models to consider Top 6 tips: How to create a scalable business model as a freelancer How to get financing as a business freelancer Take the next step to create a scalable, profitable future As a freelancer, you find ways to do more with lessmore clients, more revenue, and more impact, all without massively increasing your costs or workload.
Chaser
JANUARY 13, 2025
Accounts receivable factoring is a financial transaction where a business sells its outstanding accounts receivable to a third-party factoring company at a discount.
Cpcmcredit Blog
JANUARY 6, 2025
Let’s start with the image above. The answer is, no you won’t. I follow horse racing very closely and wager small amounts. Fortunately i’m ahead of the game but it takes a huge reservoir of knowledge and application of form study to reach that point. And even then the margins are incremental. Horse racing is a sport where “an edge”can be found because there are so many fascinating (to me) factors that have to be weighed up.
Due
JANUARY 3, 2025
The co-creator of the cryptocurrency platform Terraform Labs PTE Ltd. (Terraform) has been extradited to face $40B fraud charges. Do Hyeong Kwon, 33, a citizen of the Republic of Korea, was subject to an extradition order from Montenegro and appeared in a Manhattan court to face federal fraud charges. Before the close of 2025, Kwon appeared before U.S.
CreditStrong for Business
JANUARY 3, 2025
If you’ve borrowed money for your small business and used collateral to secure the loan, you may notice something called a UCC filing on your business credit report. The UCC refers to Uniform Commercial Code, and such a filing on your commercial credit report can impact your ability to obtain credit in the future. What Is a UCC Filing? A UCC filing is a legal notice that allows a creditor to notify other creditors about assets your business has used to secure a loan with the filer.
Accounting Department
JANUARY 2, 2025
In today's fast-paced business environment, numbers alone won't cut it. It's about transforming those numbers into meaningful insights that can guide strategic decisions and drive growth. Financial analytics offers medium-sized businesses a powerful tool to convert raw data into actionable strategies, giving them a competitive edge. Let's explore how leveraging financial analytics can revolutionize business operations , improve decision-making, and enhance overall efficiency.
Chaser
JANUARY 13, 2025
An accounts receivable journal entry is a critical component of the accounting process for businesses that extend credit to their customers. This journal entry records the sale of goods or services on account and the corresponding increase in accounts receivable.
Loomis Sayles Credit Research
JANUARY 10, 2025
1. Whats your overall view of the high yield market as we enter the year? High yield bond investors have enjoyed a good run over the past couple of years, thanks to attractive all-in yields, tightening spreads and broadly stable credit fundamentals. Looking ahead, the fundamental picture continues to look solid, supported by a positive earnings backdrop and a resilient US economy.
Emagia
JANUARY 2, 2025
In todays fast-paced business environment, managing accounts receivable (AR) efficiently is critical for maintaining healthy cash flow and business sustainability. The traditional methods of handling AR, including manual invoicing, collections, and payment tracking, often lead to delays, errors, and increased operational costs. However, with the advent of Artificial Intelligence (AI), businesses now have an opportunity to transform their AR processes, driving efficiency, accuracy, and faster cas
Due
JANUARY 14, 2025
A Carolina produce grower has been instructed to pay $132,000 to six hundred workers. Titan Fruit & Vegetable Co. Inc. has been found to have violated H-2A program regulations by illegally deducting money from its employees’ wages for political donations and cleaning fees. The company has also been given a further $2,850 in civil penalties.
Accounting Department
JANUARY 9, 2025
In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.
Credit Tools
JANUARY 7, 2025
Le credit management, pilier discret mais essentiel du transport, assure la fluidit des flux financiers face aux dfis rglementaires et oprationnels, garantissant rentabilit et stabilit.
JNI Commercial Lending
JANUARY 8, 2025
Discover how factoring can transform your small business finances in 2025 through faster funding, enhanced cash flow, and credit-free solutions. Navigating the convoluted world of business financing can often feel like a maze with no clear exit. With credit scores as gatekeepers and rigid lending criteria as roadblocks, small businesses, startups, and finance managers frequently […] The post Factoring in 2025: The Financial Sidekick Your Business Needs appeared first on JNI Commercial Lend
Emagia
JANUARY 6, 2025
In the realm of credit repair, the “609 Letter” is often touted as a powerful tool for disputing inaccuracies on credit reports. Rooted in Section 609 of the Fair Credit Reporting Act (FCRA), this letter empowers consumers to request detailed information about items listed on their credit reports and challenge any unverifiable or erroneous entries.
Due
JANUARY 6, 2025
Booz Allen Hamilton Holding Corporation (Booz Allen) is being instructed to pay the United States government $15,875,000 to resolve allegations that the company and a subsidiary knowingly submitted false claims to the Department of Defense. The Justice Department has confirmed these claims, including a General Services Administration (GSA) order for computer military training simulators and systems for Department of Defense (DoD) agencies.
Accounting Department
DECEMBER 31, 2024
In an ever-evolving business landscape, anticipating and adapting to future challenges and opportunities is crucial for achieving long-term success. As companies strive to stay ahead, CFO support services have emerged as a vital component in future-proofing business operations. Providing expert financial guidance, strategic planning, and technological integration, these services play a pivotal role in ensuring stability and growth.
Enterprise Recovery
JANUARY 10, 2025
As accounts receivable (A/R) become delinquent, your business expenses could fall behind. With every late-paying client, cash flow for payroll, rent, or other vendors falls short, threatening your company's bottom line and growth. The effectiveness of your A/R department may be one of the most important measurements to determine the success of your business.
Plooto
JANUARY 7, 2025
According to our recent survey, over 500 Canadian business owners, accountants, and financial professionals are optimistic about the economy in 2025, with 81% expecting stability or improvement. Reflecting this optimism, businesses are not scaling back; instead, theyre prioritizing technology investments to drive growth and efficiency. In fact, 60% of Canadian businesses plan to increase their use of fintech to replace manual tasks and fuel strategic initiatives.
Emagia
DECEMBER 30, 2024
In the intricate world of business-to-business (B2B) transactions, managing outstanding debts is crucial for maintaining financial health and ensuring sustainable growth. This comprehensive guide delves into the multifaceted aspects of B2B debt collection, offering insights into its importance, challenges, and effective strategies to optimize recovery processes.
RMAi Blog
JANUARY 10, 2025
The Certification Council is proposing edits to the Receivables Management Certification Program (RMCP). The Council is required to perform a review of certification program standards at least annually to ensure the program reflects evolving industry best practices, input from key stakeholders and communities of interest, areas of Council concern, and recent regulatory and statutory changes.
Abrigo
DECEMBER 31, 2024
The major priorities and challenges in lending and credit risk in the year ahead Abrigo asked bank and credit union clients and members of our Advisory Services group to identify the trends and challenges that are top of mind. Key topics covered in this post: Regulatory compliance & CFPB 1071 Managing profitability for interest rate dynamics Continued risk in CRE Small business lending opportunities Top-of-mind topics for lenders and credit risk professionals As financial institutions enter
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