Fri.Oct 04, 2024

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Boost Collections by Training Debt Recovery Skills

Enterprise Recovery

Effective debt recovery is a cornerstone of financial management. Without an efficient approach to collecting outstanding debts, businesses can suffer from cash flow issues, leading to operational challenges and potential financial instability. Skilled debt recovery ensures that the company can maintain its liquidity, meet its financial obligations, and reinvest in growth opportunities.

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Unlocking B2B Success: Transforming Payments, Experiences and Networks for the Future

TreviPay

Day two of the TreviPay Crossroads Conference built on the momentum of day one, diving deeper into the evolving demands of B2B buyers, the pivotal role of experience design in fostering loyalty and the importance of networks in driving innovation. The sessions offered rich insights for attendees, focusing on how to align business strategies with the shifting landscape of B2B payments and buyer expectations.

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Regulation Updates: SBA 504 Refinance Program

TMC Financing

The Small Business Administration (SBA) recently released a new SOP (Standard Operating Procedure 50 10 7.1), which includes changes that make the SBA 504 Refinance Program even more obtainable. The. The post Regulation Updates: SBA 504 Refinance Program appeared first on TMC Financing.

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Revenue-Based Financing: The Ultimate Guide (2024)

CreditStrong for Business

Revenue-based financing is an alternative to the conventional debt- and equity-based financing models. If your business has recurring revenues, you can use it to generate capital without taking on fixed debt payments or giving up shares of your company. Here’s what you should know about revenue-based financing to determine whether it makes sense for your business, including how it works, how much it costs, and how well it stacks up to the more traditional options.

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Unveiling farmland as a consistent investment

Due

Over the past three decades, farmland has emerged as a surprisingly robust and consistent investment vehicle, outperforming traditional investment options such as the S&P 500, real estate, gold, and bonds. This article delves into the reasons behind this trend, the dynamics of supply and demand that have fueled it, and why farmland investments remain relatively unknown in the mainstream financial advisory sector.

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How To Find My EIN Number: 9 Places You Can Find It

CreditStrong for Business

In the hustle and bustle of running a business, it’s easy to lose important information like your Employer Identification Number (EIN). Of course, you can find it any other time except for when you need it. Fortunately, if you’ve lost your EIN, there are a few other places you’ll be able to find it. We’ll go over each one in this article. What Is An EIN & When Does Your Business Need One?

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11 Funding Options for Small Businesses

CreditStrong for Business

Building your business requires capital, and, fortunately, there are plenty of funding options for small businesses from which to choose. But depending on how long you’ve been in business, your annual revenue, business credit history, and other factors, some options may be a better fit than others. Here are 11 of the top funding options for small businesses, how they work, and how you can obtain them.

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Volunteering in Retirement: Find Purpose and Make a Difference

Due

Retirement is a huge transition, and it often brings questions about meaning and purpose for those going through it. The structured routine of life at least partly disappears, leaving many retirees grasping for more fulfilling ways to spend their time. Volunteering in retirement has emerged as a powerful option, offering you a chance to make a difference while enriching your lives.

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Business Auto Loans Without a Personal Guarantee

CreditStrong for Business

Purchasing a vehicle for your business can be expensive. But if you’re a small business owner who needs financing to buy a commercial vehicle, it may be wise to take out a loan in your company’s name rather than a personal loan tied to your consumer credit reports. How to Get a Business Auto Loan The five steps below can show you how to get a commercial vehicle loan for your business.

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AI and Global Business Services: Breaking Down the Shared Service Silos

Emagia

With the advent of ChatGPT and other AI technologies in 2023, businesses began to reimagine processes that were traditionally human-driven. Studies in the shared services space reveal a massive shift in the mindset of CFOs and shared services leaders—digitization is widely regarded as the path forward, according to Mark Harrison, founder and CEO of consulting firm Callisto Grand.

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Litigation Coverage: Bristol-Myers Squibb

Reorg Blog

Judge Jesse Furman of the U.S. District Court for the Southern District of New York granted Bristol-Myers Squibb’s motion to dismiss UMB Bank’s $6.4B breach of contract suit.

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Starting Down the Path of Automation and AI

Emagia

The use of automation and AI in business and finance has gone from a taboo topic in B2B credit years ago to the trend everyone wants to know more about, according to Jennifer Walsh, CEO of the National Association of Credit Management (NACM) Commercial Services affiliate.

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FTX Group Plan Proponents Support Confirmation of ‘Remarkable’ Plan With Recoveries in ‘Excess of Par’

Reorg Blog

The post FTX Group Plan Proponents Support Confirmation of ‘Remarkable’ Plan With Recoveries in ‘Excess of Par’ appeared first on Reorg.

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The best approach to recover unpaid invoices: Legal action vs pre litigation debt recovery

Know-It Global

When dealing with unpaid invoices, it’s natural to consider legal action as a way to enforce payment, but this isn’t the only option! Legal Action to recover unpaid invoices Court Action Small Claims Court : For debts up to £10,000, you can use the Small Claims Court. It is a relatively low-cost option with a straightforward process. Upfront fees can range between £35 and £455.

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Credit Line Hybrid: What Is It and Is It a Good Fit for Your Business? 

CreditStrong for Business

Securing financing for your company may be one of your most important concerns as a small business owner. There are actions you can take to improve your business’s odds of qualifying for financing. Establishing good business credit can be a wise place to start. With good business credit, you may be able to qualify for a small business loan, unsecured business line of credit, and more.