Plooto
JULY 11, 2024
Financial technology (fintech) makes it easier for businesses to do everything from issuing invoices and processing payments to managing expenses and making payroll. These solutions are the behind-the-scenes tools that quite literally allow businesses to send and receive money.
Accounting Department
JULY 11, 2024
Running a small to medium-sized business (SMB) comes with its own set of challenges and rewards. One of the most pivotal aspects of ensuring your business's success is strategic financial planning. While it might seem daunting, mastering this process can propel your business growth and profitability to new heights. This blog post will walk you through the critical steps in strategic financial planning tailored specifically for SMB owners.
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Chaser
JULY 11, 2024
If you're relying on Sage Intacct to optimize your financial operations, you understand its robust capabilities in automating tasks and enhancing efficiency. Particularly in accounts receivable, this cloud-based platform excels by facilitating faster invoicing, versatile payment options , and direct email communication with your clients. Yet, pairing it with Chaser's technology elevates this convenience to a whole new level.
CreditStrong for Business
JULY 11, 2024
FICO is overwhelmingly used by most consumer credit lenders. They’re not the only ones in the business, but they are the most widespread. According to myFICO.com , FICO scores are used to determine borrower creditworthiness with 90% of top lenders. Even when choosing between FICO or VantageScore, there are multiple versions of each one. Lenders choose scoring versions that work for their needs.
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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!
biz2credit
JULY 11, 2024
Choosing the right Customer Relationship Management (CRM) system is crucial for small businesses operations. It’s a proven method to streamline customer interactions, enhance marketing strategies, and improve sales. This guide provides a detailed walkthrough on how to select the most suitable CRM system for a small business, highlighting important features, factors to consider, and common … Continue reading "How to Select the Right CRM for Your Small Business" The post How to Select the Ri
Grit
JULY 11, 2024
Businesses use RFQs (Request for Quotes) and RFPs (Request for Proposals) to evaluate potential vendors and secure the best deal for their projects. While both help in vendor selection, they serve different purposes. Understanding the differences between RFQs and RFPs is crucial for choosing the right approach for your specific business needs. This article will explore the difference between request for quotation and request for proposal and guide you on when to use each method effectively.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Reorg Blog
JULY 11, 2024
Reporting: Hugh Minch With the week falling between Juneteenth and July 4th, the CLO primary market was uncharacteristically quiet last week in the US, with no new issues pricing for the first time since January.
CreditStrong for Business
JULY 11, 2024
With the right funding, you’re ready to take on all the goals you’ve set for your business. It’d be helpful if you get it, but you’re probably wondering what credit score you need to get a small business loan. In this article, we’ll cover the different types of business loans and the credit expectations for each. Credit Score Requirement By Business Loan Type There are a few different options when it comes to small business loans.
Reorg Blog
JULY 11, 2024
Reporting: Hugh Minch With the week falling between Juneteenth and July 4th, the CLO primary market was uncharacteristically quiet last week in the US, with no new issues pricing for the first time since January.
CreditStrong for Business
JULY 11, 2024
As of February 2021, 97% of the US population have a cell phone and 85% of people own smartphones. It’s become a necessity to operate in today’s world; it’s your GPS, your line of communication, your game time, and can even be a way to earn money. While you don’t necessarily need to have good credit to get a phone plan, it definitely helps. If you have poor credit, you might choose options like a prepaid phone, month to month plan, or work with a cosigner to help you qualify for a phone plan.
Due
JULY 11, 2024
The legal services industry continues to surge in demand and value. With a projected compound annual growth rate of 2.5% until at least 2030 , the legal sector is expected to remain strong throughout the rest of the decade. However, that doesn’t mean law firms don’t have to remain budget-conscious—even if they’re maximizing their efforts with AI products.
CreditStrong for Business
JULY 11, 2024
Equifax’s three primary business credit scores are their Credit Risk Score, Payment Index Score, and Business Failure Score. You can typically call your scores in each of these models good if they’re above 556 , 90 , and 1,315 , respectively. A good Credit Risk Score or Payment Index Score generally indicates that your business is likely to make its payments on time.
Gaviti
JULY 11, 2024
The traditional accounts receivable process is full of manual processes that are prone to error. What’s worse, inefficiencies in these processes can lead to unpaid invoices, late payments and the inability to generate the revenue that your business rightfully earned. As a result, many businesses turn to accounts receivable automation solutions. If you’ve decided your business is ready to move to automating its A/R, you’ll want to find the best A/R automation software, also called invoice to cash
CreditStrong for Business
JULY 11, 2024
An 800 credit score is perfect credit. You get the best mortgage rates, fast approvals, and qualify for the best credit cards and loans. Although it might sound difficult to get there, it’s easy to accomplish when you pay all of your bills on time, pay down debt, and make vigilant decisions on applying for new credit. If you’ve already done the work to get yourself to the 750 mark, then 800 is no sweat!
Due
JULY 11, 2024
Grants for Registered Apprenticeships have received a $244m boost from the U.S. government. The Department of Labour (DoL) announced the investment to bolster the emerging workforce’s modernization efforts. According to a new DoL release , this huge funding aims to modernize, diversify, and expand Registered Apprenticeships in growing industries.
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