Your Virtual Credit Manager

JULY 30, 2024

If they are wrong, significant effort over an extended time is typically required to prove they are wrong and collect the money owed. The collection rate of the remaining 5 percent is often less than half. As a result, processing deductions can consume huge amounts of time and result in a very low return on the investment.

Deductions 130

Deductions Credit and Collections Invoice Amount Credit Management 130

Your Virtual Credit Manager

JULY 9, 2024

When you agree to sell to a business customer on open credit terms, common practice involves setting a credit limit aligned to the payment terms you are granting. New to collections? Please consider attending Introduction to Business/Commercial Collections on Tuesday, July 16 at 1:30 PM EDT.

Credit and Collections 130

Credit and Collections Credit Management Invoice Amount Small Businesses 130

Eagle Business Credit

MARCH 27, 2023

News of bank failures like SVB and continued rising interest rates will affect the way banks lend money to small businesses. Banks are one of the primary sources of financing for small businesses, but they have strict qualification standards that make it difficult for some businesses to obtain loans.

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Small Businesses Credit Scoring Credit and Collections Invoice Amount 52

Eagle Business Credit

AUGUST 9, 2022

This means that a personal loan or business loan may increase in cost as a result of a Fed Funds rate increase. So, what do interest rate increases mean to your small business? As a small business owner, however, you are probably wondering how the Fed Funds rate increases will affect your small business.

Small Businesses 52

Small Businesses Credit and Collections Invoice Amount 52

Eagle Business Credit

MAY 5, 2023

Small businesses often require funding to finance their operations, expand their services, or invest in new ventures. While there are several financing options available, a bank loan is a popular choice among small business owners.

Small Businesses 52

Small Businesses Credit Scoring Credit and Collections Invoice Amount 52

Eagle Business Credit

AUGUST 29, 2023

For small business owners looking to grow and expand their operations, obtaining the necessary working capital can be a significant challenge, especially when traditional bank loans are out of reach. Fortunately, there are various alternative funding sources available that cater specifically to businesses in need of working capital.

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Small Businesses Nonprofit Organizations Credit Scoring Credit and Collections 52

Your Virtual Credit Manager

OCTOBER 25, 2022

To add insult to injury, the situation is exacerbated by collection calls from the supplier, albeit innocently made in an attempt to get the order released from the credit hold queue. Wasted Collection effort – contacting customers to pay invoices they’ve already paid. it just might help them pay you sooner!

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Cash Applicator Deductions 130

Your Virtual Credit Manager

JANUARY 24, 2023

Bill promptly, invoice accurately, and respond quickly to disputes and deductions and you will get paid sooner rather than later. Please share this newsletter with your small business customers. In many cases this will recover a large portion of the total invoice amount. it just might help them pay you sooner!

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Deductions Accounts Receivable (AR) Credit and Collections Invoice Amount 130

TreviPay

APRIL 28, 2023

We all know a little something about SMBs, from shopping on “small business Saturday” to reciting anecdotes about how small businesses are the backbone of the U.S. We admire small business owners, and we feel good when we support these businesses, because we know it can be hard out there.

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Credit and Collections Small Businesses Invoice Amount Transactions 59

Your Virtual Credit Manager

SEPTEMBER 13, 2022

Photo by Jp Valery on Unsplash Payment deductions, also known as chargebacks or short pays, happen when the customer pays less than the full invoice amount. They occur because a customer does not receive your product or service as ordered, or feels the invoice is incorrect. Well, it’s not.

Deductions 130

Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Lendio

MARCH 30, 2023

It is usually used by companies for working capital, but it can also be used for business growth and expansion. Invoice financing for small businesses is a legitimate financial tool and is routinely used by small businesses across the country. What Is Invoice Financing? Ready to get paid sooner?

Invoice Amount 52

Invoice Amount Credit and Collections Credit Scoring Small Businesses 52

Lendio

NOVEMBER 13, 2023

Selling accounts receivable (aka factoring) is a financial strategy where a business sells its outstanding invoices or accounts receivable to a third-party company, referred to as a ‘factor’ The factor pays the business a significant portion of the amount due up front, then proceeds to collect the full amount from the indebted customer.

Credit and Collections 52

Credit and Collections Accounts Receivable (AR) Credit Scoring Invoice Amount 52

Eagle Business Credit

OCTOBER 5, 2022

As a business owner, you need to focus on the financial health of your business. Small business owners can benefit from using business invoice factoring to fund growth or protect existing revenue. What Is Business Invoice Factoring? What Is the Benefit of Business Invoice Factoring?

Invoice Amount 52

Invoice Amount Credit and Collections Invoice Collections Small Businesses 52

Eagle Business Credit

JUNE 19, 2023

Starting a small business can be an exhilarating and challenging journey. In this article, we will explore eight essential tips to help startup businesses thrive in today’s competitive landscape. Instead, factors evaluate the credit strength of your customers and the quality of your business sales.

Credit and Collections 52

Credit and Collections Invoice Amount Credit Scoring Dashboards 52

Fundera

MAY 4, 2017

Sometimes you just need extra capital to grow your business. If you’re not willing to give up equity in your company or don’t qualify for small business grants , then taking on a business loan could be the way to go. However, business loans certainly aren’t free money to use as you please for your business.

Small Businesses 85

Small Businesses Credit and Collections Credit Scoring Invoice Amount 85

Your Virtual Credit Manager

MAY 23, 2023

Incidentally, the higher your gross margin, the more latitude you have in extending credit to marginally risky accounts. Any subsequent collection expenses and bad debt write-offs are more easily recouped through additional sales than if your gross margins are low. Do you need help with your credit policies and procedures?

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Bad Debt Credit and Collections Deductions Credit Risk 49

Credibly

MAY 17, 2023

You need to juggle how much you’ll owe for taxes every quarter, and getting financing for your business can be its own challenge. In this blog, we’ll review the top 5 business loans for freelancers, how you can get funding, and what you should keep in mind with financing. Invoice Factoring Struggling with unpaid invoices from clients?

Credit Scoring 40

Credit Scoring Credit and Collections Credit Unions Invoice Amount 40

Credibly

MAY 17, 2023

You need to juggle how much you’ll owe for taxes every quarter, and getting financing for your business can be its own challenge. In this blog, we’ll review the top 5 business loans for freelancers, how you can get funding, and what you should keep in mind with financing. Invoice Factoring Struggling with unpaid invoices from clients?

Credit Scoring 40

Credit Scoring Credit and Collections Credit Unions Invoice Amount 40

Fundera

FEBRUARY 15, 2016

If you’re a small business owner frustrated by outstanding accounts receivables, you might have heard of invoice financing and invoice factoring as possible solutions to dealing with a slow cash flow. In this scenario, your business is still responsible for collecting outstanding money owed by your clients.

Credit and Collections 75

Credit and Collections Invoice Amount Small Businesses 75

Fundera

FEBRUARY 26, 2019

The main difference between invoice factoring vs. invoice financing is who collects on the business’s unpaid invoices. In invoice financing, the customer retains full control of collections. In invoice factoring, the factoring company purchases the unpaid invoices and takes over collections.

Credit and Collections 61

Credit and Collections Deductions Credit Scoring Invoice Amount 61

Fundera

FEBRUARY 26, 2019

The main difference between invoice factoring vs. invoice financing is who collects on the business’s unpaid invoices. In invoice financing, the customer retains full control of collections. In invoice factoring, the factoring company purchases the unpaid invoices and takes over collections.

Credit and Collections 52

Credit and Collections Deductions Credit Scoring Invoice Amount 52

Fundera

MARCH 4, 2020

Invoice factoring is a form of accounts receivables financing in which an invoice factoring company purchases the accounts receivables (or invoices) you’re owed and takes over the collections process. . With invoice factoring, the lender will pay you a percentage of the total outstanding invoice amount upfront.

Credit and Collections 52

Credit and Collections Bankruptcy Invoice Amount Credit Scoring 52

Fundera

FEBRUARY 3, 2018

As a borrower who doesn’t live and breathe the world of online small business finance, alternative lenders likely aren’t names that you’ve had the opportunity to get to know and trust. Our borrowers can attest that both are fantastic companies to do business with. of invoice amount per week.

Credit Scoring 49

Credit Scoring Credit and Collections Small Businesses Bankruptcy 49

Fundera

FEBRUARY 5, 2018

Taking out a business loan could be just the opportunity your small business needs to grow, purchase new equipment, invest in real estate, or simply have working capital available on hand to manage the day-to-day costs of doing business. But how much down payment is needed for a business loan? Invoice financing.

Credit and Collections 61

Credit and Collections Credit Scoring Default Invoice Amount 61

Fundera

APRIL 7, 2020

Since their launch in 2007, OnDeck has become one of the most established and trusted names in online lending, especially for offering short-term loans and lines of credit. Now, this online platform also offers short-term loans and lines of credit. Lines of credit. Lines of credit. Invoice factoring. 0.25% to 1.7%

Credit Scoring 40

Credit Scoring Credit and Collections Bankruptcy Small Businesses 40