The Red Spectrum

MAY 2, 2023

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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Small Businesses Credit Scoring Transactions 71

Hilton Baird

MAY 24, 2023

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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Small Businesses 52

Onguard

MAY 24, 2023

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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Credit Risk Credit Management Order to Cash Transactions 52

Your Virtual Credit Manager

MAY 23, 2023

Business customers pay for the goods and services they purchase from other companies. After all, a sale isn’t truly complete until it has been paid. Good customer purchases generate a profit for the seller, and I’m not just talking about gross margin. Gross margin is what’s left over after subtracting the cost of goods sold from the revenue generated by the sale.

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Bad Debt Credit and Collections Deductions Credit Risk 49

Due

MAY 15, 2023

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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Credit and Collections 130

RMAi Blog

MAY 15, 2023

By Chad Probst The collapse of the Silicon Valley Bank (SVB) in March 2023 signaled an uncertain outlook for the U.S. economy and emphasized the need for businesses to consider several aspects of their payment processing approach while taking into account an ever-changing regulatory environment. In this article, we explore the benefits of using a payment processor who supports multiple sponsor banks and allows customers to pay in multiple ways.

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Small Businesses Transactions 130

Chaser

MAY 25, 2023

While it looks like the UK will avoid a full-on recession this year , the economic environment is uncertain due to interest rates rising to their highest level since 2008 and inflation leading to an increased cost of doing business.

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Plooto

MAY 30, 2023

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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Your Virtual Credit Manager

MAY 9, 2023

Photo by petr sidorov on Unsplash Cash forecasting is very important in “normal” economic conditions. Given today’s economy, cash forecasting is critically important in light of: Economic forces : recession fears, inflation, higher interest rates are all combining to increase the likelihood of a substantial number of your customers paying you late, not in full, or not at all.

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Cash Forecasting Accounts Receivable (AR) Invoice Disputes Credit and Collections 130

Due

MAY 7, 2023

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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Insurance Companies 122

RMAi Blog

MAY 12, 2023

On May 11, 2023, Tennessee Governor Bill Lee signed into law House Bill 1181 , the “Tennessee Information Protection Act,” making Tennessee the eighth state to enact a comprehensive consumer data privacy law, following California, Virginia, Colorado, Utah, Connecticut, Iowa, and Indiana. The law will take effect July 1, 2024. Applicability The Act applies to persons that conduct business in Tennessee or produce products or services that are targeted to residents of Tennessee and that: During a c

Credit and Collections 130

Credit and Collections 130

Know-It Global

MAY 19, 2023

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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Credit and Collections Credit Risk Credit Management 98

Chaser

MAY 23, 2023

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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Plooto

MAY 24, 2023

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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Small Businesses 98

Your Virtual Credit Manager

MAY 16, 2023

When a commercial account wants to buy your product, chances are they will want credit terms. Business credit, also known as trade credit, facilitates the flow of goods and services between business trading partners. In one sense, it is a short term loan, but unlike bank lending and other forms of commercial credit, the loan isn’t the product.

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Bad Debt Credit and Collections Default Small Businesses 100

Due

MAY 30, 2023

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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RMAi Blog

MAY 5, 2023

HARRISON, N.Y., May 5, 2023 (Newswire.com) – Garnet Capital Advisors, a leading broker of loan portfolios, is excited to announce the addition of two new professionals to their team: Lauren Falls and Ernesto Diaz. This expansion demonstrates Garnet Capital’s commitment to growth and innovation in an environment where other companies in the sector are facing layoffs.

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Credit Unions Transactions 130

NorthOne

MAY 17, 2023

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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Chaser

MAY 22, 2023

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).

Small Businesses 98

Small Businesses 98

Credit Absolute

MAY 15, 2023

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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Your Virtual Credit Manager

MAY 2, 2023

The headlines paint a grim picture. Growth is down, interest rates continue rising, small businesses are facing a credit crunch, commercial bankruptcies are skyrocketing and experts see an emerging threat: Washington Post: U.S. economy grew at 1.1% in early 2023, points to ‘significant slowing’ Forbes: Rising Interest Rates Lead To A Small Business Credit Crunch Markets Insider: The credit crunch is here and it could cripple the economy.

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Bankruptcy Credit and Collections Accounts Receivable (AR) Default 100

Due

MAY 30, 2023

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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Medical Billing 119

RMAi Blog

MAY 4, 2023

Conversational Voice AI Leader enables LTD Financial Services, L.P.’s seamless transition from legacy processes to fully compliant end-to-end call automation, unlocking unprecedented scale and reach New York, NY (May 04, 2023) Skit.ai, the leading Conversational Voice AI solution provider in the ARM industry, announced its strategic partnership with LTD Financial Services L.P.

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Know-It Global

MAY 15, 2023

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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Credit and Collections Credit Risk Credit Management 98

incfile

MAY 8, 2023

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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Lendio

MAY 24, 2023

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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Small Businesses 98

Plooto

MAY 9, 2023

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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Due

MAY 5, 2023

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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Insurance Companies Credit Scoring Medical Billing Deductions 119

RMAi Blog

MAY 3, 2023

CINCINNATI, OH – Slovin & Associates , a Cincinnati-based law firm that provides clients with the personal, hands-on accessibility of a small law firm combined with the deep experience of industry veterans, is proud to support dozens of local artists through its new office. As Slovin began looking for ways to make its new office more engaging and inspiring, the team turned to local community artists to showcase their work.

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Law Firms Bankruptcy 130

Skogen Capital Lending

MAY 16, 2023

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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