May, 2023

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How to Choose the Best Credit Card for Your Small Business

The Red Spectrum

Running a small business requires significant investment, whether it is financial or non-financial. However, financial investment is the most essential aspect of any small business venture. A small business credit card is one of the key financial tools that small business owners can utilize to manage expenses. Small business credit cards offer numerous benefits, such as cashback rewards, travel perks, and expense management tools.

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How to overcome the challenges of offering credit terms

Hilton Baird

For many businesses, offering credit terms to customers is a necessary evil. Yet this one solution can solve each of the challenges. The post How to overcome the challenges of offering credit terms appeared first on Hilton-Baird Collection Services.

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Credit risk management: dynamic data and the right credit management strategy are key

Onguard

Predicting the future credit landscape is always difficult for companies, even in the best of times. However, it is clear that the quality of available data and the way it is delivered and used will determine this future picture. Live and up-to-date data are therefore crucial for financial professionals who want to make the right choices and minimise risks.

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23 of the Best Alternatives To Cable TV In 2023

Due

Are you thinking about cutting the cord? You’re not the only one. According to a Pew Research Center survey , the percentage of Americans who watch TV through cable or satellite service dropped from 76% in 2015 to 56% in 2021. According to the survey, they cite a variety of reasons for this: high monthly costs , access to everything online and not watching much TV anymore.

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How to Create a Financial Plan for Your Small Business

incfile

Starting and running a prosperous small business requires careful financial planning. That's where a small business financial plan comes in: With one in your toolbox, you'll be better equipped to make informed financial decisions and achieve your goals.

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What Can Canadian Accountants Learn from the Silicon Valley Bank Failure

Plooto

The failure of Silicon Valley Bank (SVB) triggered a global financial tsunami, stunning multiple industries and institutions and shaking the confidence of both businesses and consumers.

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Scottish Startup Know-it Reaches National Audiences With New STV Ad Campaign

Know-It Global

Glasgow-based fintech Know-it has launched a new national TV ad campaign in partnership with STV. Having won the prestigious Startup Summit award, Know-it were awarded airtime on STV to reach a national audience on primetime television. Know-it is a cloud-based credit management platform that streamlines the complete credit control process, enabling users to credit check and monitor, chase for payment, collect overdue unpaid invoices and more, working with the likes of Creditsafe, Companies Hous

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Interview with Jarod Coffman (Coffman Construction)

NorthOne

Recently, we interviewed Jarod Coffman, the 21-year-old YouTube creator, Instagram construction influencer, and lead framer of Coffman Construction. Jarod has 40,000 followers between his YouTube and Instagram accounts where he shares framing and carpentry tips as well as his latest home projects. In this interview, Jarod shares tips for bidding on projects effectively, advice for young people entering the trades, his motivation for sharing construction information through engaging videos, and h

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How Will We Know When Artificial Intelligence Has Become Sentient?

Due

Artificial intelligence research has accelerated in recent years, and people are interacting with AI more frequently. In-home AI assistants and self-driving cars were once things out of science fiction but are now becoming a reality. Some researchers and activists wonder if AI is nearing the point of sentience, the ability to think and feel on the same level as humans.

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How Does Debt Settlement Work? Pros & Cons

Credit Absolute

Debt settlement, which is also referred to as debt negotiation or debt arbitration, is a process whereby a creditor agrees to reduce the total amount of debt owed and in return, the borrower pays the rest in a lump sum. This typically involves the creditor waiving interest and fees on the debt. Debt settlement can […] The post How Does Debt Settlement Work?

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Cash management strategies for small business survival

Plooto

Smart cash management strategies are required for businesses of all sizes to succeed. Small businesses are particularly vulnerable to running out of cash due to economic downturns, poor cash flow management , and inadequate long-term planning.

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4 Ways To Make The Most Of A Payment Confirmation Email | Chaser

Chaser

Sending your customers a payment confirmation is an incredibly powerful manoeuvre that all businesses should be doing. This is because this type of ‘confirm receipt’ can be used to thank them for their payment, which is an almost panacea in your credit control arsenal. Indeed, a cleverly crafted confirmation where you acknowledge payment and thank your customer for it can have positive impacts in a whole range of areas.

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Team Know-it Hit London For Accountex

Know-It Global

Team Know-it have just returned from an amazing trip down to Accountex London! We had a great time talking to new and existing clients whilst showing new audiences how Know-it helps businesses mitigate credit risk, reduce debtor days and boost cashflow. Are you an accountant? Know-it helps accountants and bookkeepers better serve their clients by allowing them to automate their complete credit control process.

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How To Start A Business In 20 Steps

Lendio

Learn How To Start A Small Business. Starting a small business involves many crucial planning, legal, and financial steps. This guide will walk you through everything you need to know. STEP 1 Perform Market Research Market research can provide valuable insights into your marketplace, the industry your new small business is entering, and the competition it will face.

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What Should You Look for in a Retirement Advisor?

Due

Are you approaching retirement and feeling overwhelmed by the financial decisions you need to make? Do you want to ensure that your retirement years are comfortable and stress-free ? If so, finding the right retirement advisor can be crucial to achieving your retirement goals. However, with so many options available, it can be difficult to know what to look for in a retirement advisor.

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What Is an Investment LLC? | Incfile

incfile

An investment LLC is a type of business entity that is created in order to invest through your company. Also called a Limited Liability Company, an LLC is a simple type of business entity that lets you put certain rules and regulations in place with the other members of your investing club.

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Services That Your Company Can Provide In Inclement Weather

Skogen Capital Lending

When snow or rain hits, many companies struggle to reach their customers and maintain business. You can assist these organizations through the one that you own while increasing your profits. Here are a few services that you provide in inclement weather. Food Delivery As a business owner, you may own a fleet of vehicles to service your clients. If you are looking for a way to bring a little extra money into your organization, partner with a local restaurant to provide delivery when it becomes sli

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5 SMS payment reminder text message samples to chase invoices

Chaser

Are outstanding invoices causing chaos for your business? You're not alone if you're a business owner facing this issue. In fact, in the UK alone, over £23 billion of outstanding payments are due to companies across Britain ( Small Business Commissioner ), with over 55% of payment requests taking place outside of the working day (QuickBooks).

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Liquidity Management Is Crucial to Succeeding in Today’s Hyper-Fast Environment

Plooto

In today's turbulent, disruptive times, businesses must stay financially agile. Effective liquidity management enables companies to make quick decisions, manage risk, and capitalize on business opportunities. In a   recent survey with Forrester , more than 80% of the companies indicated that liquidity management is a priority.

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Here's How to Get a Business Loan if You Have Bad Credit in 2023

tillful

A poor business credit score or thin credit history can get in the way when applying for small business loans. This is especially true in higher interest rate environments, when lenders pull back on credit (like now). Traditional banks and financial institutions often don’t provide financing for businesses with bad credit scores or weak credit histories (either due to short time in business, or the presence of derogatory marks such as liens).

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Fake Rich – New Trend Growing Influence Among Millennials and Killing Money

Due

The era of social media is upon us. While most of us enjoy sharing our joyous moments and memories with the world through social media platforms, a substantial number of individuals feel obligated to show off their rich possessions and lifestyle on the internet. Now that’s fine when you are wealthy and earning well enough to back your expenses.

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Introducing Gaviti’s New Credit Management Module: Streamline Your Collections and Mitigate Risk ?

Gaviti

We are thrilled to announce the launch of our latest addition to the Gaviti accounts receivable collections platform: the Credit Management Module! At Gaviti, we understand how crucial it is for you to maintain a healthy cash flow, minimize credit risk, and ensure timely payments from your customers. With this new module, we aim to empower your business by providing you with the tools and insights to make better credit decisions and enhance your overall credit management strategy.

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Sky Business Credit Announces Promotion of Beverly Milici Promoted to Vice President of Operations

Sky Business Credit

DOWNERS GROVE, Ill., May 1, 2023 – Sky Business Credit announced the promotion of Beverly Milici to Vice President of Operations. She will continue to ensure clients are receiving the highest possible level of credit and collections service. In this new role, her responsibilities will be expanded to include more oversite of the credit & operations side of the business as well as more responsibility toward its overall success.

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4 Benefits of a Business Bank Account | Incfile

incfile

Too many fiscal responsibilities? Worried about cash flow? If that sounds like you, you're certainly not alone. But opening a business bank account is one simple, headache-free way to combat these stressors and lessen your load.

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The importance of credit monitoring and management at your business

The Red Spectrum

A high maintenance and improving strong credit score in today’s competitive business environment. Prioritizing credit monitoring and management as part of their overall financial management strategy is especially important for small business owners. It is impossible to overestimate the advantages of credit monitoring and management. A good credit score and history can mean the difference between getting financing or not, or between getting good conditions or bad ones.

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Vital Questions to Ask Your Claims Clearinghouse Vendors

SSI Healthcare Rev Cycle Solutions

May 24, 2023 9 Essential Questions Revenue Cycle Leaders Should Be Asking About Their Claims Clearinghouse Vendors Welcome to the world of healthcare revenue cycle management, where every aspect of your business is crucial to success. It’s not just about having any partner but having the right partner that can make all the difference. At times, settling for a vendor that is simply “good enough” might seem like the easiest option, but it can ultimately hold your organization ba

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26 Ways to Simplify Your Financial Life – While Saving Astronomical Amounts of Money

Due

Interested in simplifying your financial life? You’re not alone. After all, most people’s finances are too complicated. As a result, other parts of their lives get affected. Procrastination and stress are the results of a messy financial life. Your financial security, independence , and peace of mind can increase when you simplify your finances.

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Accounts Receivable Outsourcing vs. A/R Collections Management Software: What You Need to Know

Gaviti

Accounts receivable is one of the most critical roles in your business. How well your team handles collections determines whether you have the cash to make payroll, pay taxes, and cover other financial obligations. Receivables management can also become incredibly complex and high-risk. This risk compels savvy business managers to consider whether they should use accounts receivable outsourcing or turn to management software.

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How to increase your business profit

Plooto

Entrepreneurs of all walks of life are looking to increase their business profit. After all, if you're not running a profitable venture, then it’s difficult to expand and grow. However, knowing how to increase profitability isn’t always easy. What are the biggest drivers of profit? How do you set and achieve your profit targets?

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Esker recognized as a Leader in the Gartner® 2023 Magic Quadrant™ for Integrated Invoice-to-Cash applications

The Esker Blog

At Esker, we already felt honored to be named a Challenger in 2022’s first-ever Magic Quadrant for Integrated Invoice-to-Cash solutions. Now, we are all the more thrilled to make it into the Leader* quadrant for 2023! This puts us (again) in the unique position of being recognized in both the I2C and P2P Magic Quadrants. Since we’d like to continue on this path, we’re spending a good amount of time reflecting on what works and what it is that our customers like about us.