Your Virtual Credit Manager
JUNE 11, 2024
My first exposure to the power of accounts receivable (AR) automation came in 1990 when I was credit manager at ERICO Fasteners, a mid-market, specialty metals manufacturer. The first month after we automated a few basic features to supplement our accounting package, we realized an increase in cash flow of 30 percent. During the 10 years I’d been in business credit, I had never seen anything like it.
Due
JUNE 11, 2024
When you think of retirement, what comes to mind? Are you looking forward to a time of freedom, relaxation, and pursuing your passions? Regardless of what springs to mind, some planning must be done before you chillax on the beach. At the very least, this can be about your future income streams, healthcare, and how you’re going to spend your newfound free time.
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Grit
JUNE 11, 2024
The secret to success in the e-commerce sector is the synergistic interaction between talent and technology. The human factor is what brings innovation, creativity, and strategic thinking to the table even though BigCommerce supplies the digital infrastructure for online operations. This article explores the tactical application of staff assignment in BigCommerce companies, acknowledging that wise human resource management is essential to realizing the platform’s maximum potential.
Commercial Credit Group
JUNE 11, 2024
During WasteExpo 2024, Kevin McGinn, Sr. VP for Commercial Credit Group Inc. (CCG), moderated a panel discussion titled Capital Investments: Choosing Areas for Investment & Where to Get the Capital. Panel members included: Dan Christensen from CARDS Recycling , Martin Mattsson from Volvo Construction Equipment , and Rusty Angel from Machinex. This post highlights some of the important points from the session and provides some key takeaways that waste and recycling companies can use to guide
Reorg Blog
JUNE 11, 2024
Intrum is in discussions with both its existing bondholders and third party investors about the provision of new money.
Due
JUNE 11, 2024
In today’s society, the car you drive is a status symbol, reflecting your financial standing and personal style. However, the economic implications of owning a car, particularly a new or luxury model, can be significant and potentially detrimental to your long-term financial health. This article will delve into the economic realities of car ownership, using real-life examples to illustrate the potential pitfalls and offer advice on making smarter financial decisions.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Due
JUNE 11, 2024
As you approach and ultimately enter retirement, you’ll need to reduce the risk of your investment portfolio gradually. But what exactly does that mean? And what steps should you take to make your portfolio less risky? The Basics of Investment Risk In the investing world, risk is simply a measurement of the chances that the outcome of a given investment will differ from the expected outcome.
Reorg Blog
JUNE 11, 2024
Reporting: Robert Schach Relevant Items: Offering Memorandum Core Analysis Sponsor Strategic Value Partners has been buying up the subordinated bonds in plastic packaging group Kloeckner Pentaplast, or KP, and has accumulated a roughly €90 million stake in the €300 million tranche,
Due
JUNE 11, 2024
National Amusements, the parent company of storied film and TV giant Paramount, has ended months of talks by walking away from the table. Skydance Media was once thought the best place to offload the Paramount brand after a rocky 2024. However, the studio now faces a tricky situation with an unruly board and months of uncertainty. In a statement, National Amusements said to CBS that they “have not been able to reach mutually acceptable terms regarding the potential transaction with Skydance Medi
Reorg Blog
JUNE 11, 2024
Reporting: Chiara Elisei, Luca Rossi Swedish debt collector Intrum is in discussions with both its existing bondholders and third party investors about the provision of new money, sources close told Reorg. The company is looking for more than €500 million, the sources said.
Due
JUNE 11, 2024
Connecticut Governor Ned Lamont, in a significant move, rejected the possibility of a $3 million fund that could have been a lifeline for striking workers. The bill, championed by the state’s lawmakers, was touted as a measure to bolster “low-wage workers,” as per Sen. Julie Kusher. However, Lamont dismissed their proposition in early May. Connecticut Governor enraged by relief bill He told the Associated Press at a news event, “Everything I know about it, I’m not going to support it,” con
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