Your Virtual Credit Manager

DECEMBER 3, 2024

Business customers often use their credit lines with suppliers as a form of financing similar to a bank loan. Trade credit, provides several advantages and functions in ways that can mimic traditional banking services, such as a line of credit or revolving bank loan. By using supplier credit lines, businesses can maintain operational efficiency and flexibility.

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Know-It Global

DECEMBER 3, 2024

Welcome to the month of December! The year is almost over…we can’t believe it! Check out what we’ve been up to in November! St Andrew’s Day Celebrations As a proud Scottish business, we celebrated St Andrew’s Day at the Know-it and Darcey Quigley offices! We enjoyed some fine Scottish delicacies including mini rolls and square sausage, haggis, neeps and tattie pies and shortbread!

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Emagia

DECEMBER 3, 2024

In today’s fast-paced business landscape, companies are constantly looking for ways to improve efficiency, reduce costs, and optimize working capital. The Emagia Autonomous Finance Platform is a cutting-edge solution that helps organizations achieve these goals by automating and streamlining critical financial processes, particularly in the Order-to-Cash (O2C) cycle.

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DECEMBER 3, 2024

Two United States healthcare staffing companies have been instructed to repay employees $2.4 million in back wages. The companies are based in Massachusetts and Pennsylvania and specialize in recruiting workers for the healthcare sector. The court action was entered in the U.S. District Court for the District of Massachusetts against Gate Solution Systems Inc. of Malden, Massachusetts, and Healthcare Services Group Inc. of Bensalem, Pennsylvania.

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Emagia

DECEMBER 3, 2024

Emagia is a leading provider of Autonomous Finance Solutions, designed to revolutionize and modernize the way enterprise finance teams operate, particularly in the Order-to-Cash (O2C) cycle. For the Office of CFO, Emagia offers a highly scalable transformative platform that is powered by generative artificial intelligence, machine learning, advanced analytics and cloud technologies to drive highly intelligent self-driving touchless finance operations delivering exponential excellence.

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DECEMBER 3, 2024

A man from California has been apprehended for intending to ship thousands of dollars worth of ammunition and firearms to North Korea. The smuggling breaches the existing restrictions on the Asian country and violates federal law and United States sanctions. Shenghua Wen is the man at the center of the allegations. Law enforcement apprehended him. He is set to appear at the Central District of California this week to further the charges laid against him.

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TreviPay

DECEMBER 3, 2024

The IDC MarketScape: Worldwide Accounts Receivable Automation Applications for the Enterprise 2024 is your guide to navigating the rapidly evolving A/R landscape. This comprehensive report evaluates providers in A/R automation, offering valuable advice for technology buyers. Understanding Accounts Receivable Challenges and Opportunities Unlock actionable insights to help your business: Embrace Automation: Learn how today’s solutions improve efficiency and reduce manual tasks Enhance Scalability:

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DECEMBER 3, 2024

Investors holding mutual funds face significant financial implications in the coming weeks, particularly regarding tax distributions. This insight comes from a former Wall Street professional with ten years of experience working with mutual fund companies, which highlight critical differences between mutual funds and Exchange-Traded Funds (ETFs). Identifying Mutual Funds in Your Portfolio A simple way to identify mutual funds in your investment portfolio is to look at the ticker symbol – m

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TreviPay

DECEMBER 3, 2024

Invoicing, a critical aspect of B2B commerce, has seen increasing demands for digital transformation due to large buyers and government mandates. At TreviPay Crossroads, industry experts gathered for a panel discussion on the current state of e-Invoicing and the growing complexities businesses face. Moderated by Dan Zimmerman , the panel featured key insights from Brandon Eibes of TreviPay , Paul Rogers of Vendorcom , James Norfor of b2buy and Brian Groome of KPMG.

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DECEMBER 3, 2024

It appears that inflation is slowing down. However, many of us still feel the pinch at the grocery store — especially when you’re broke. CPI data shows that food-at-home purchases (grocery store or supermarket purchases). Further, according to the U.S. Bureau of Labor Statistics from 2022, the average American household spends $475.25 on groceries per month.

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Collenda

DECEMBER 3, 2024

The future of lending decisioning: Embracing data-driven insights By Paul O’Sullivan, Global Head of Banking and Lending at Aryza In a rapidly evolving landscape, the future of lending decisioning is poised for a transformative shift. As technology advances, so does the ability to make informed, data-driven lending decisions that not only enhance operational efficiency but also improve customer experiences.

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DECEMBER 3, 2024

It’s no secret that debt affects us financially. But it can also negatively impact our health and well-being. In fact, according to WalletHub’s Household Debt Report , 48% of Americans believe their household debt affects their health. But how exactly does this affect future generations? Debt can adversely affect your children by causing them stress, anxiety, feelings of insecurity, and potential behavioral problems.

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Nonprofit Organizations Medical Billing Credit and Collections Credit Scoring 52

Accounting Department

DECEMBER 3, 2024

Join AccountingDepartment.com in supporting the research, funding and treatment for rare diseases and Alternating Hemiplegia of Childhood.

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Emagia

DECEMBER 3, 2024

Introduction to Writing Off Accounts Receivable In the realm of financial accounting, managing accounts receivable (AR) is crucial for maintaining a company’s financial health. However, not all receivables are collectible, leading businesses to write off certain amounts. This article delves into the intricacies of writing off AR, exploring its significance, methods, and implications.

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GoCardless

DECEMBER 3, 2024

Using bank transfers, cards, or cash? Here's how to swap to GoCardless instead.

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Emagia

DECEMBER 3, 2024

Introduction to Proforma Invoices A proforma invoice is a preliminary document issued by a seller to a buyer that outlines the details of a proposed transaction. Unlike a commercial invoice, which is used for final billing, a proforma invoice serves as a declaration of intent and provides an estimate of costs, terms, and conditions. Proforma invoices are widely used in both domestic and international trade.

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Emagia

DECEMBER 3, 2024

Introduction to Credit Limits A credit limit is the maximum amount a lender permits a borrower to use on a credit account, such as a credit card or line of credit. This ceiling is established based on various factors, including the borrower’s creditworthiness, income, and overall financial health. Understanding your credit limit is crucial, as it influences your spending capacity and impacts your credit score.

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Emagia

DECEMBER 3, 2024

Introduction to Duplicate Payments Duplicate payments occur when a company inadvertently pays the same invoice more than once, leading to unnecessary financial loss and administrative challenges. This issue often arises from flaws in the accounts payable process, such as human errors, system glitches, or inadequate internal controls. Addressing duplicate payments is crucial for maintaining financial integrity and operational efficiency within an organization.

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Emagia

DECEMBER 3, 2024

Introduction to Overpayments An overpayment occurs when an individual or entity receives more funds than they are entitled to, necessitating repayment of the excess amount. Understanding the causes and implications of overpayments is crucial for both payers and recipients to manage and rectify these situations effectively. Common Causes of Overpayments Overpayments can result from several factors: Administrative Errors: Mistakes in data entry or processing can lead to incorrect payments.

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