Your Virtual Credit Manager

DECEMBER 19, 2023

If you are an executive at a small or mid-sized business, chances are you are in the process of putting together a budget for 2024, or have already done so. As part of that budget, you have likely made some accommodation for your accounts receivable (AR), probably in the form of a Days Sales Outstanding (DSO) objective based on past performance. Maybe you have factored in an incremental improvement in DSO, but how much thought have you given to how you are going to meet that budgeted goal?

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Accounting Department

DECEMBER 19, 2023

Reports play a crucial role in managing a business effectively, and QuickBooks provides a wide range of reports that can help small and medium-sized businesses track their financial performance and make informed decisions. These reports provide valuable insights into various aspects of the business, such as income, expenses, sales, inventory, and payroll.

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Reorg Blog

DECEMBER 19, 2023

It has been four years since the Muddy Waters short-seller report on NMC Healthcare was published, leading to a collapse of the group’s London-listed shares, allegations of financial fraud, and the implementation of the largest restructuring ever undertaken in the Abu Dhabi Global Market, or ADGM, Courts.NMC’s restructuring was groundbreaking not only in its size, but also in the novel use of restructuring technology, cross-border recognition and court cooperation.

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blue dot counseling

DECEMBER 19, 2023

Bookkeeping and accounting are not for everyone and often it's better to outsource some or all of your bookkeeping so you know it's being done well and to ensure you're getting the financial information you need in order to run and grow your business profitably. The post Outsource QuickBooks bookkeeping appeared first on Blue Dot Consulting.

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Emagia

DECEMBER 19, 2023

Financial Planning and Analysis (FP&A), which includes forecasting and budgeting, has evolved significantly from the days when finance teams used to spend days with paper records to tirelessly compile data from disparate paper records and create operating plans and budgets. A single error or change could mean the need to take days revisiting and revising work, all from scratch.

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Commercial Lending

DECEMBER 19, 2023

What a rollercoaster of a year 2023 has been. So much has happened in the commercial financing world it is hard to summarize it all. Now that we are in the final days of December, we hope to bring some perspective to what has certainly been a crazy year in the banking world and set some expectations for 2024. The Outlook for 2024: We do believe the Federal Reserve will lower interest rates next year, and that will bring down short-term interest rates tied to the Prime rate.

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Commercial Lending

DECEMBER 19, 2023

As of August 1 st , 2023 the new Standard Operating Procedure (“SOP”) for SBA lending (Small Business Administration Loan Programs) went into effect, and there was an update that went into effect on 11/15/23 that further clarified many of the changes already included in the August update. Below is a summary of some of the largest and most impactful changes to the program guidelines.

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Plooto

DECEMBER 19, 2023

If we have to reimburse our employees, if we have to pay our vendors, if we have to provide rebates and discounts to our customers, we use Plooto for everything.

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Reorg Blog

DECEMBER 19, 2023

Oaktree Capital Management has exited the bondholder ad hoc group or AHG, comprising holders of Vedanta Resources Ltd. or VRL’s $1 bn 13.875% bonds due January 2024 and $1.2 bn 8.95% bonds March 2025.

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Due

DECEMBER 19, 2023

Solar power is a rising star in the world of energy. The green tech is a renewable resource with well-developed tools for harvesting sun-infused energy. It also has a clear path to utility on both corporate and individual levels. The cost is the main issue for many homeowners who want to go solar. For those operating on a tighter budget, it’s difficult to justify (let alone afford) the hefty price tag that solar systems are known to come with.

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Reorg Blog

DECEMBER 19, 2023

The post UPDATE 1: Oaktree Capital Exits AHG Amid Certain Demands Accepted by Vedanta Resources for LME; Major Real Money Bondholders Supportive of LME Proposal appeared first on Reorg.

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Due

DECEMBER 19, 2023

In the run-up to the holidays, it’s an ideal time to consider gifts that excite and contribute to your loved ones’ health and longevity. And with good reason. The U.S. life expectancy has declined to 76.4 years , the shortest in nearly 20 years. I didn’t get my health on track solely because of this shocking life expectancy drop, but it inspired me to drop 60 pounds, without a crazy diet.

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Loomis Sayles Credit Research

DECEMBER 19, 2023

We are past peak inflation in major economies like the US and Europe, but questions remain regarding the speed of deceleration in inflation rates from here. We continue to expect slower growth in the global economy, but not an imminent recession. The odds for a downturn are lower in our estimation despite stalling growth in Europe and weakness in China.

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