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In today’s competitive landscape, B2B customer retention has become a critical focus for businesses aiming for sustainable growth. Companies often overlook the roles that finance teams play in the customer relationship equation. When customers have a good relationship with the people who serve them of which finance is one of them, it fosters customer loyalty and minimizes churn.
Reading Time: 4 minutes Challenges in the business landscape and the current economic outlook are fueling demand for small business lending. Banks and financial institutions are in a unique position to meet that demand but dont always have the infrastructure to meet a borrowers needs. Because of that, banks are missing out on opportunities, while lenders utilizing financial technology are providing a solution to business owners problems.
The average collection period (ACP) is a key metric used to measure the efficiency of a company's credit and collection process. It represents the average number of days it takes for a company to collect its accounts receivable from the date of sale. This article will explore the ACP formula, its significance, and how to use an ACP calculator to gain insights into your company's cash flow management.
The best of both worlds the senior financial input you need but without a full-time cost. The post Why your business DOES need a Finance Director / CFO just not Full-Time appeared first on Blue Dot Consulting.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Todays healthcare revenue cycle landscape is undergoing significant transformations. From shifting payer policies and skyrocketing denials to heightened concerns around data security, the challenges providers face grow more and more complex. With $440 billion spent on healthcare administrative work every year , decision-makers are embracing new advancements in the healthcare revenue cycle including artificial intelligence (AI), software innovations, and strategic partnerships to drive efficie
The best of both worlds the senior financial input you need but without a full-time cost. The post Why your business DOES need a Finance Director / CFO just not Full-Time appeared first on Blue Dot Consulting.
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Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
The best of both worlds the senior financial input you need but without a full-time cost. The post Why your business DOES need a Finance Director / CFO just not Full-Time appeared first on Blue Dot Consulting.
The discussion centers on a forecast that suggests a substantial drop in a major stock index. Economic experts and investors are closely studying key metrics. They use historical data and current market numbers to understand the risks. The overall theme is to evaluate the possibility of a significant decline in market value and to urge caution in investment decisions.
David Smith is an excellent Times economics writer and yesterdays piece was a slither or rare positivity in a rather troubled world in terms of finance and security He rightly points out that the FTSE has been performing much better than the Dow Jones but that does of course have to be seen in context because it’s largely down to the fact that Trump’s policies are dragging down the US stock markets.
Youve likely planned for your retirement, but have you ever considered teaching your kids the value of doing so? It may seem like a topic reserved for adults, but introducing these concepts now can set your children up for a lifetime of smart financial decisions. Financial habits form young, as kids absorb what they see and hear from their parents, even when it comes to money.
Wall Street banks have been cutting thousands of jobs and potentially may cut more. Banks such as Morgan Stanley, Goldmach Sachs, and Bank of America are all participating. These cuts, however, are a normal part of Wall Street, and generally are not attributed to market conditions. Wall Street to Cut Jobs While there certainly is uncertainty in the future of the US economy, these layoffs are not a surprise.
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