Your Virtual Credit Manager

SEPTEMBER 3, 2024

As businesses grow and add customers, there comes a point when collections become a burden. This will generally occur before a company reaches 100 customers on open account, but certainly before they acquire 200 customers. Once you are dealing with hundreds of customers, the time required to contact everybody who has gone past due becomes substantial, and will require a dedicated effort, rather than an ad hoc approach.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Days Sales Outstanding DSO Credit and Collections 130

Accounting Department

SEPTEMBER 3, 2024

It has been said that human capital is an organization's most valuable asset in today's climate. However, managing your financial assets is the ultimate responsibility of the company leadership. Without sound financial planning and asset management, a business can't thrive. And, ultimately, your human assets will suffer. Forecasting is an essential part of the equation.

Small Businesses 75

Small Businesses 75

Loomis Sayles Credit Research

SEPTEMBER 3, 2024

A flurry of negative economic and geopolitical headlines have battered Chinese equities over the past year, leading to multiple rounds of investor pullbacks and eventual capitulation. Today, global funds are significantly underweight China and valuations appear abysmal. Some Chinese stocks have staged rebounds in recent months, and there is market chatter about the potential for rapid growth reacceleration for many companies.

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SEPTEMBER 3, 2024

A former president of a Puerto Rican steel distributor has pleaded guilty to his part in a major price-fixing conspiracy. Edgardo Sola Colon (Sola), of Toa Alta, Puerto Rico was charged, according to court documents by the U.S. District Court in San Juan. According to the results of the court’s actions $50 million in sales by his companies were affected by the price-fixing conspiracy.

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Cpcmcredit Blog

SEPTEMBER 3, 2024

The CBRE Group just opened its new headquarters and occupies the top two stories of a 26 story building on Hope St. in Downtown Los Angeles. (Photo by Mel Melcon/Los Angeles Times via Getty Images) CBRE are one of those huge corporations most of us will never have heard about. In fact the first I knew about them was today when I introduced an excellent new client to a leading lender.

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SEPTEMBER 3, 2024

Retirement is a time that should be inexpensive, as you’re meant to enjoy yourself without having to stress about money. You’ll probably want to spend some time with your family and spend some time traveling, but how else are you supposed to entertain yourself? Ideally, you’ll find entertaining hobbies and pastimes that are relatively inexpensive , conducive to your physical capabilities, and supportive of healthy habits.

Cybersecurity 52

Cybersecurity Deductions 52

biz2credit

SEPTEMBER 3, 2024

Disclaimer: Information in the Business Financing Blog is provided for general information only, does not constitute financial advice, and does not necessarily describe Biz2Credit commercial financing products. In fact, information in the Business Financing Blog often covers financial products that Biz2Credit does not currently offer. All small business owners would love to grow their businesses … Continue reading "Challenges and Solutions in Small Business Growth" The post Challenges and

Small Businesses 49

Small Businesses 49

Biz2X

SEPTEMBER 3, 2024

Reading Time: 4 minutes Lending policies have seen shifts in recent years tied to economic and regulatory changes across the financial sector. To maintain compliance with changing regulations while mitigating risk, and maintaining growth patterns, financial institutions must track these shifts closely, staying close to new policies and updating practices and procedures accordingly.

CECL 40

CECL Credit and Collections Default Credit Scoring 40