Wed.Apr 24, 2024

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Singapore Court Provides Directors’ Creditor Duty Guidance

Reorg Blog

In upholding a judgment from the Singapore High Court, the CoA in Foo Kian Beng v OP3 International Pte Ltd (in liquidation) (2024) SGCA 10 has provided significant guidance on when and how the Creditor Duty engages and what may constitute a breach of such duty.

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Chaser shortlisted for Best Technology Provider at 2024 Credit Awards

Chaser

I am thrilled to share that Chaser has been shortlisted for the Best Technology Provider award at the 2024 Credit Awards. The Credit Awards recognize outstanding individuals and companies that have had a significant impact on the credit management industry.

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Understanding the SBA Guarantee Fee: A Guide for Small Business Owners

Lendio

One key aspect that small business owners encounter when applying for Small Business Administration (SBA) loans is the SBA guarantee fee. This fee is a critical component of the loan process, yet it can cause confusion and questions among entrepreneurs. In this guide, we’ll explain everything you need to know about it, including its implications, to help you make informed financial decisions for your business.

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Top 6 Dunning Workflow Best Practices

Gaviti

Dunning workflows are a series of automated emails and actions that A/R teams use to collect invoices from customers. Having the best dunning workflow for each customer is the key to increasing your cash flow. In some companies, the implementation of dunning workflows increases cash flow by a significant percentage almost instantly. With automated dunning and flexible customer segmentation, options for dunning workflows are numerous.

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Accountants in Chelsea

blue dot counseling

Whether your business is early-stage, multi-million turnover or somewhere in between, you need a continuous flow of relevant and up-to-date financial information that you can understand and act on. The post Accountants in Chelsea appeared first on Blue Dot Consulting.

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Fix Mistakes Fast: BigCommerce Edit Order for Flawless Sales

Grit

Running an online store has its challenges and one common issue is needing to edit orders after they’re placed. This could involve correcting an address, updating quantities, or applying discounts. The ability to modify orders smoothly is crucial for a great customer experience. BigCommerce edit order feature allows merchants to easily change existing orders.

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Primary: Asda Launches €1.05B TLB Due 2031 to Refinance Existing 2026 Maturities; Global Investor Call April 23 at 10 am BST

Reorg Blog

The post Primary: Asda Launches €1.05B TLB Due 2031 to Refinance Existing 2026 Maturities; Global Investor Call April 23 at 10 am BST appeared first on Reorg.

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How to Handle BigCommerce Order Management Easily

Grit

Running an online store is exciting, but keeping up with orders can be a real challenge. As your business grows, managing orders on BigCommerce can quickly become overwhelming. However, there are simple tips and tricks to streamline your BigCommerce order management process. In this post, we will share easy-to-follow practices to help you stay on top of orders and provide a stellar customer experience without all the stress and headaches.

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Apollo Buys About Half of $1B Unsecured Bridge Facility

Reorg Blog

Private equity firm Apollo Global Management has purchased roughly half of a $1 billion bridge facility.

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Aryza Appoints Tom O’Connor as Head of Corporate Insolvency 

Collenda

A ryza Appoints Tom O’Connor as Head of Corporate Insolvency Aryza announces the appointment of Tom O’Connor as its Head of Corporate Insolvency. With an extensive career spanning over a decade in the insolvency sector and a proven track record in product development and client engagement, Tom brings invaluable experience and expertise to Aryza.

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Sound Physicians Nearing Potential Pro Rata Debt Exchange

Reorg Blog

Sound Physicians is closing in on a pro rata liability management transaction to receive new money and execute a debt exchange.

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Boost B2B Sales: Automate Workflows with B2B BigCommerce Partner & Gritglobal

Grit

Today business world moves at a breakneck pace. To drive growth and stay ahead of competitors, it is crucial for B2B companies to streamline operations and optimize workflows. For those leveraging BigCommerce, you can definitely integrate cutting-edge automation solutions. By partnering with Grit Global, a leading B2B BigCommerce partner, businesses can unlock the potential of automated workflows.

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Asda Premarkets £2.65B-Equivalent Senior Secured Offering

Reorg Blog

U.K. supermarket chain Asda is premarketing a £2.65 billion-equivalent senior secured debt package to refinance its 2025 and 2026 maturities.

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Keep Shoppers Informed: Improve BigCommerce Out-of-Stock Notification

Grit

When customers want to buy something from your online store, it might be frustrating if the item is out of stock. They may leave without making a purchase. But what if you could let shoppers know when that product will be available again? Keeping customers informed can help you keep their interest and improve their shopping experience. In this blog post, we will discuss how to enhance the BigCommerce out-of-stock notification feature in your store.

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Invoice Arguments: Understanding the Importance of Collection Calls

Gaviti

With the right dunning process in place, your A/R team can significantly minimize the need for collection calls. While some customers only need a single email to prompt them into action, others require a more complex dunning process. The right approach should be based on a number of factors, such as the type of industry, size of the client, customer risk, payment history, and length and history of the customer relationship.

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Legal Analysis: Singapore Court Provides Directors’ Creditor Duty Guidance, Financial Status Categorization; Duty Engages When Co. Experiences ‘Financially Parlous’ State, Less Dire Than ‘Verge of Insolvency’; Potentially Earlier Director Scrutiny

Reorg Blog

The post Legal Analysis: Singapore Court Provides Directors’ Creditor Duty Guidance, Financial Status Categorization; Duty Engages When Co. Experiences ‘Financially Parlous’ State, Less Dire Than ‘Verge of Insolvency’; Potentially Earlier Director Scrutiny appeared first on Reorg.

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President Biden demonstrates unwavering commitment to the $95 billion National Security Package

Due

President Biden has released a resounding supporting document for the recently passed $95bn National Security Package. The bill, a crucial step in bolstering national security, was successfully approved by the Senate and cleared to proceed to the next stage of the law-making process. Senate and POTUS approve landmark bill President Biden would release a statement on the White House official site saying “a bipartisan majority in the Senate joined the House to answer history’s call at this critica

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Primary Analysis: ION Corporates $731M-Equiv SSNs

Reorg Blog

ION Corporates, a global provider of financial technology solutions for corporate treasuries and commodities operations, is marketing €300 million and $400 million of dual-tranche five-year senior secured notes, totaling $731.1 million-equivalent.

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