Tue.Aug 27, 2024

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Is Granting Credit Terms Worth the Risk?

Your Virtual Credit Manager

Imagine a world where extending trade credit was completely risk-free, and granting open terms of sale to business customers required no second thought. In such an ideal scenario, every customer would have both the ability and the integrity to pay their bills in full and on time, eliminating any need for a credit management. But reality matches to a different tune.

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A Guide to Short-Term Business Loans for Small Businesses

biz2credit

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. Even when they have financing needs, many small business owners … Continue reading "A Guide to Short-Term Business Loans for Small Businesses" The post A Gui

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Battle for the Gateway

Reorg Blog

With cable and satellite multichannel video programming distributors no longer serving as the exclusive gatekeepers of television, a battle is underway across legacy video bundle participants and legacy streaming services to function as streaming gateways.

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What is OMS and Why Do You Need One for BigCommerce store?

Grit

Order management is a critical aspect of running a successful eCommerce business. An Order Management System (OMS) helps streamline and automate the order fulfillment process, from the moment a customer places an order to the final delivery. For BigCommerce store owners, an OMS can provide significant benefits that improve operational efficiency, customer satisfaction, and overall business growth.

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B2B Payments: Adventure Lies Beyond the Crossroads

TreviPay

A review of B2B Payments Roadshow – London, June 2024 In the early days, I didn’t realise that my journey through the payments world would be such an adventure. When I set Vendorcom up in 2003, I set out on what I thought might be a challenging, but fairly direct, trip from A to B through the implementation of Chip & PIN in the UK. Since then, I’ve discovered the almost endless possibilities and unbounded potential as the journey reveals a series of twists and turns, new encounters, forks in

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Improving investment performance through diversification

Due

The stock market is often a gauge of economic health and a potential gold mine for investors. However, the reality is that the average investor frequently fails to fully capitalize on the stock market’s potential. A recent report by JP Morgan in 2022 revealed a startling fact: the average investor was down by 39%, which is 20% worse than the S&P 500.

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Title Loans: What You Need to Know and How to Protect Yourself

Due

Following years of uncertain economic conditions, soaring inflation , and rising interest rates, many Americans report having more credit card debt than in emergency savings, according to a recent Bankrate survey. The survey found that roughly one in three Americans now have more credit card debt than emergency savings , with both Generation X and Millennials claiming to have the highest credit card debt to savings ratio.

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A Step-By-Step Guide on How to Dispute Credit Report Errors

CreditStrong for Business

You’ve taken the time to review your credit report, but some of the information isn’t correct. You may even see an account reporting to your credit that is expired or doesn’t belong to you at all. The best thing you can do in this scenario is disputing the error. A credit report mistake could be the cause behind a low credit score. This affects your ability to qualify for the credit you need and how much you pay for it.

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Colorado dentist hit with six counts of tax evasion for use of an illegal tax shelter

Due

A Colorado dentist has been hit with six counts of tax evasion for his use of an illegal tax shelter. A federal grand jury in Denver unsealed the indictment that charged Ryan Ulibarri with the counts and if he is found guilty then he would be responsible for a million-dollar amount of tax fraud. Colorado dentist charged by Denver federal grand jury If Ulibarri is found guilty then he would have defrauded the United States government to the tune of over $1 million.

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How Long Does a Charge-Off Stay on Your Credit Report? 

CreditStrong for Business

If a consumer has an unpaid debt on an existing credit account, the original lender will eventually close the account and charge off the bad debt. Generally, these debts are reported to the credit bureaus and remain as a negative entry on your credit history for seven years. What is a Charge-Off? Credit Karma describes charge-offs as unpaid debts that a creditor (lender) has “given up” trying to recover from the borrower.

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Case of the misbranded fish: Mississippi Seafood Distributor pleads guilty to conspiracy

Due

Mississippi Seafood Distributor and Managers plead guilty to conspiracy and misbranding seafood to hoodwink buyers. The case involves the largest seafood distributor in the Mississippi Gulf Coast, Quality Poultry and Seafood Inc. (QPS). The company has held its hands up and agreed to pay a substantial penalty. “When imported substitutes are marketed as local domestic seafood, it depresses the value of authentic Gulf Coast seafood, which means that honest local fishermen and wholesalers have a ha

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5 surprising things we learned about SMBs and tech

Plooto

Small businesses are increasingly turning to technology in order to overcome modern business challenges. Technology allows SMBs to do more work with fewer resources and alleviates manual work, helping them focus on growth.

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The Truth About Marriage and Credit Scores

CreditStrong for Business

When you get married, everything gets combined, right? Not exactly. You and your spouse will continue to have your own separate credit reports and credit scores, but their credit rating can still impact your finances. Credit and finances aren’t the most romantic topics to be concerned with during wedding plans, but they are necessary grounds to cover.

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Battle for the Gateway: Legacy and Streaming Video Operators Seek to Rationalize Fragmented Late-Stage Cable Bundle Marketplace; Accelerating Change, Uncertainty Drive Shift to ‘Barbell’ Distribution of Sports

Reorg Blog

The post Battle for the Gateway: Legacy and Streaming Video Operators Seek to Rationalize Fragmented Late-Stage Cable Bundle Marketplace; Accelerating Change, Uncertainty Drive Shift to ‘Barbell’ Distribution of Sports appeared first on Reorg.

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FICO Score vs. Credit Score: What’s the Difference?

CreditStrong for Business

Many aspects of the credit scoring system in the United States have remained virtually unchanged since the start of the 1990s, but it’s still a source of confusion for many Americans. In fact, roughly 40% of consumers report having no idea how credit scores work. 1 The difference between FICO® Scores and credit scores is a common area of misunderstanding.

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Carlyle Eyes Revival of Private Credit CLO Platform

Reorg Blog

Reporting: Hugh Minch Carlyle Group is reentering the private credit CLO issuance space and is marketing the first new deal from its platform in over five years, according to market sources.

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Accounts Receivable Outsourcing: Meaning, Benefits & More

TreviPay

It is a widely accepted and upheld idea that in today’s fast-paced business environment, being as efficient and cost-effective as possible is crucial to maintaining a competitive edge. Accounts Receivable outsourcing can be one the best ways to improve efficiency. Through outsourcing A/R, you can easily streamline operations and reduce overhead costs.

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Build vs Buy: What to Consider When Choosing an Accounts Receivable Automation Software

Gaviti

Once your finance team is onboard with automating your accounts receivables to streamline and optimize the process, you’ll need to decide whether you want to shop for an outside vendor or build your own accounts receivable automation software in-house. The answer depends on a variety of factors, including your company’s size and available resources, the length of your timeline and need for customization.

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Multi-channel payment chasing: The key to improving your cash flow

Chaser

A shocking 55% of all the invoices issued in the US are paid late. Even worse, 20% of those are only paid after sixty days or more and 11% are never collected at all.

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A Guide to Short-Term Business Loans for Small Businesses

biz2credit

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. Even when they have financing needs, many small business owners … Continue reading "A Guide to Short-Term Business Loans for Small Businesses" The post A Gui

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Streamlining the New Account Opening Process for Growth 

Biz2X

Reading Time: 3 minutes Institutions in the finance sector are under pressure to create seamless, efficient and user-friendly account opening experiences as they contend with a more competitive digital marketplace. This streamlining is not just about improving customer satisfaction; it is also critical for driving growth as it provides an avenue through which banks can attract new customers while deepening relationships with existing ones.

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5 Ways To Creatively Increase Your Company’s Value

Due

When you increase the value of your company, it’s easy to see how much of a positive impact is made on your business’s bottom line. From improving plateaued profit margins to hitting scaling goals, you can do more when your business’s value skyrockets. However, knowing exactly how to add value beyond traditional measures like heightening productivity levels and improving conversion rates can be challenging.

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WCM meaning and its application on BigCommerce stores

Grit

To stay ahead of the competition in the world of eCommerce means leveraging the latest technologies and strategies. One such approach gaining traction is Web Content Management (WCM), a powerful tool for creating and managing digital content. This post will explore WCM meaning and how it can be applied specifically to BigCommerce stores to enhance user experience, streamline operations, and boost sales.

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