Your Virtual Credit Manager

APRIL 30, 2024

Payment Terms define when a customer is supposed to pay your invoice for the products and/or services your firm provided. at your expense, using your cash. For many industries the “norm” is 30 days from invoice date (Net 30), but there are many variations. Some, such as food distributors, may offer as few as 7 days (Net 7), while other industries require payment on a specific day of the month for all purchases made anytime during the previous month (e.g., Net 10th Prox).

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Credit and Collections Accounts Receivable (AR) Credit Risk Bankruptcy 100

Lendio

APRIL 30, 2024

Given the potential impact financing can have on your business, you need to find the best place to get a small business loan. Lendio reviewed the largest SBA lenders and national banks to find the ones with the best small business loan options. Let’s look at some of the prime bank options available to you. US Bank : Best for smaller loan amounts. US Bank offers a specialized business “quick loan”, which is a term loan from $5K to $250K with terms of up to 7 years and no origination fee.

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Small Businesses Credit Scoring 97

Accounting Department

APRIL 30, 2024

Fyle provides a software solution that empowers small businesses to effortlessly access their corporate credit card transaction data, granting them enhanced insight into employees' expenditures in real time. This software seamlessly integrates with the accounting tools of small businesses, automating the retrieval of expense data and relieving finance teams from the burden of manual transaction input.

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Transactions Small Businesses 66

Lendio

APRIL 30, 2024

*All information included in this article was current on its publication date and is subject to change. Because business credit cards don’t require collateral and are easy to use and apply for, they’re a very common way for small businesses to secure a boost of funding. If you’ve ever applied for a personal credit card, you know you need to input your Social Security number (SSN), a unique 9-digit number that identifies you as an individual with the United States government, including the Intern

Credit Card Companies 94

Credit Card Companies Dashboards Small Businesses 94

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Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!

AR Metrics

biz2credit

APRIL 30, 2024

Small businesses are the backbone of the American economy, generating roughly two out of every three jobs in the country, according to the Small Business Administration (SBA). Each year, National Small Business Week (NSBW) celebrates this contribution and generates awareness and appreciation for small businesses across the U.S. If you’re a small business owner, National … Continue reading "How to Celebrate National Small Business Week" The post How to Celebrate National Small Busines

Small Businesses 59

Small Businesses 59

Lendio

APRIL 30, 2024

A significant 23% of small businesses surveyed use artificial intelligence (AI) with 39% stating they plan to adopt AI. Small businesses are finding innovative ways to harness AI’s abilities, from streamlining marketing efforts and enhancing customer communication to optimizing inventory management. Read on to learn more about how AI can benefit your small business.

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Small Businesses Credit Card Companies Transactions 59

Due

APRIL 30, 2024

The way we deal with our feelings has undergone a significant transformation over the years. The older generation, often referred to as the ‘suck it up, move on, get on with it’ generation, had a unique approach to handling their emotions. They believed in suppressing their feelings, pushing them down, and moving forward without letting their emotions control their actions.

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Plooto

APRIL 30, 2024

When your business is growing rapidly, there’s a lot to celebrate. But growth also brings its challenges — especially when growth is outpacing your hiring. As businesses grow, finance teams often find their workload expanding much faster than their budget or their team. More customer orders mean additional money flowing in and out — which also means more financial transactions to process and more strategic decisions to make.

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Transactions 52

Due

APRIL 30, 2024

We’ve all been there. You’re in the middle of your day, and your favorite boot or shoe suddenly gives out. It might seem like a minor inconvenience, but relying on your shoes for daily activities can be a significant disruption. Whether a hiking boot that’s lost its grip, a work boot that’s worn through, or the heel of your beautiful spike stilettos sticks in a grill — a malfunctioning boot can hinder your mobility and productivity.

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lsq

APRIL 30, 2024

ORLANDO, Fla. (May 1, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $3.5 million accounts receivable credit facility for a staffing firm specializing in hospitality and IT. The company was referred to LSQ by a bank partner. The additional working capital will be used to support their rapid growth with additional new contracts.

Credit and Collections 52

Credit and Collections Bankruptcy Credit Management 52

Due

APRIL 30, 2024

Stagflation, a term that’s been buzzing around the financial world, is a complex economic phenomenon with significant implications for investors and the broader economy. It’s a bit like having a skunk in your backyard – an unpleasant situation that’s hard to manage. But what exactly is stagflation? It’s an economic condition characterized by slow economic growth and simultaneously increasing inflation.

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aptic

APRIL 30, 2024

With the European Union (EU) at the forefront of data protection legislation, recent developments in IoT and IT services have ushered in a new era of regulatory requirements. The new Data Act assumes that much of the data generated by so-called connected products and services is unused or controlled by a small number of large (mainly US) companies.

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Due

APRIL 30, 2024

A leading analytics and survey provider has recorded a slump in United States consumer confidence. The Conference Board, a reputable source, has released information showing a decline in its consumer confidence index, according to its aggregated data. Over 36 million consumers in America took part in the survey, and not all the information looks promising for 2024.

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lsq

APRIL 30, 2024

ORLANDO, Fla. (May 1, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $3.5 million accounts receivable credit facility for a staffing firm specializing in the hospitality and IT industries. The company was referred to LSQ by a bank partner. The additional working capital will be used to support their rapid growth with additional new contracts.

Credit and Collections 40

Credit and Collections Bankruptcy Credit Management 40

Due

APRIL 30, 2024

Elon Musk’s month has gone from bad to worse as Tesla has informed staff that layoffs are imminent. In an all-staff email, first reported by The Information , the electric automotive manufacturer will lay off its Supercharger team, a significant change in the company’s structure and its leader, Rebecca Tinucci. This move also includes the departure of Head of New Products, Daniel Ho, further reshaping the company’s leadership.

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Lendio

APRIL 30, 2024

Running a small business often means navigating a financial landscape where debt is vital to growth and sustainability. However, managing business debt can be a double-edged sword. On one hand, it offers liquidity and can fuel expansion; on the other, it can be a significant financial burden if not managed properly. Understanding when to use business debt.

Small Businesses 59

Small Businesses 59