Fri.Nov 01, 2024

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Navigating Credit Risk Management in Banking: The Future of Decision-Making and Receivables

Collenda

Navigating Credit Risk Management in Banking: The Future of Decision-Making and Receivables Paul O’Sullivan, Global Head of Banking and Lending at Aryza With a growing emphasis on Environmental, Social, and Governance (ESG) factors, compliance with International Financial Reporting Standards (IFRS), and adherence to regulatory frameworks, a robust strategy to manage credit risk is now paramount for banks and financial institutions.

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Medisca Inc. to pay $21.75 million to resolve inflated price allegations 

Due

The Justice Department is instructing Medisca Inc. to pay $21.75 million to resolve allegations that it established false and inflated Average Wholesale Prices (AWPs) for two ingredients used in compound prescriptions. The company’s prescription ingredients ordering system reportedly contained false pricing. This resulted in pharmacies unknowingly submitting prescription claims to the Defense Health Agency.

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Are debit card transactions cash or accounts receivable?

Chaser

Debit card transactions are generally considered cash transactions because the funds are immediately deducted from the cardholder's checking account upon purchase, similar to cash payments.

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The SBA Commercial Vehicle Loans You Should Consider

CreditStrong for Business

If you’re looking to buy a vehicle for your business, there are several different ways you can finance the purchase. Business auto loans and equipment loans can be a good place to start, but if your business meets the requirements for an SBA loan, that should be on your radar as well. Here’s what you need to know about SBA commercial vehicle loans, how they’re structured, and what you should expect in terms of eligibility requirements.

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Effective Year-End Business Budgeting Strategies for Financial Success

Enterprise Recovery

With just a few months left of the year, it's time to ensure that your business is well-prepared. Careful planning and allocation of financial resources can help your business seize new opportunities, overcome potential challenges, and achieve its growth objectives. By creating a financial roadmap that supports sustainable development and long-term success, you're positioning your business to thrive in the coming year.

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How To Get A Loan To Start A Business From The Government

CreditStrong for Business

Starting a new business can get expensive fast. Whether you’re purchasing new equipment, getting supplies, or buying inventory, it can feel like there’s not enough cash flow to make it work. In this article, we’ll make it easier on you by uncovering what to expect from government small business loans and how to prepare for them. How To Prepare To Get A Business Loan From The Government The Small Business Administration (SBA) partners with lenders, banks, and credit unions to provide loans to sma

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SBA Microloans: Everything You Need to Know

CreditStrong for Business

The SBA microloan program provides a relatively small amount of funding for select small businesses through nonprofit intermediary lenders. If your small business is a startup or you belong to certain communities that are often underserved by commercial lenders, you may be able to get up to $50,000 in financing to build your business. Before you apply, it’s important to know what SBA microloans are, how they work, their eligibility requirements, and their benefits and drawbacks.

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Everything you need to know about Open banking and Open finance

aptic

Open banking has transformed the financial industry and the way financial services can be shared and used by multiple actors. Open finance is the next step, offering further opportunities for innovation, choice and customised financial services. We will take a closer look at what Open banking and Open finance mean and how they differ. We will also look at the challenges they can bring, and what is needed to implement Open banking and finance in a safe and successful way that attracts customers.

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SBA Express Loan Requirements: What You Need to Know

CreditStrong for Business

SBA Express loans come with many of the same features as the SBA 7(a) loan program that it belongs to, albeit with some key differences. Fortunately, SBA Express loan requirements aren’t all that different, and you can actually get approved for this type of loan more quickly than other government-backed small business loans. If you’re considering an SBA Express loan, here’s what you need to know about the program, the requirements to get approved, and whether or not it’s

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Alarming US Dental Care Crisis: Solutions Needed

Due

There is a worrisome trend among Americans regarding dental care. Over 90% of those surveyed confessed that they might postpone or skip dental appointments and procedures due to their steep costs. This issue highlights the potential decline in the nation’s oral health since regular dental check-ups are crucial in preventing more severe and costly problems down the road.

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How to Get an SBA Loan With Bad Credit

CreditStrong for Business

Small Business Administration (SBA) loans are the gold standard for business loans. They have a huge range of available loan amounts, longer than average repayment terms, and artificial ceilings on their interest rates. However, like many types of business financing, they can be hard to qualify for if you don’t have a good credit score. Here’s what you can do to increase your chances of getting an SBA loan with bad credit.

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Avoiding Annuity Scams: Essential Tips for Protecting Yourself from Fraudulent Offers

Due

With annuities , you can secure a steady income stream for retirement. These financial tools, however, have become targets for scammers who exploit unsuspecting people. The complexity of annuities makes it imperative to remain vigilant and take proactive steps to protect yourself from common scams. This blog post examines common annuity scams, highlights warning signs, and offers practical tips to protect your hard-earned money.

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Understanding October’s low jobs report

Due

The October jobs report was recently released, and the numbers were alarmingly low. However, despite this seemingly negative news, the stock market is rallying. This article explores the reasons behind this paradox and the two significant impacts of this startling number. The October jobs report: a closer look Typically, hundreds of thousands of jobs are added per month.

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