October, 2022

article thumbnail

Your Work Isn't Finished Even Though the Customer Has Paid

Your Virtual Credit Manager

Photo by Ramiro Mendes on Unsplash Remittance processing is a true “back office” process. If everything goes according to plan, nobody notices. However, any departure from the routine can lead to posting delays in addition to impacting future revenue and cash flow, alienating customers, and increasing administrative costs. Who would’ve thought?

article thumbnail

Abrigo CEO Wayne Roberts announces retirement

Abrigo

Abrigo announced the retirement of Chief Executive Officer Wayne Roberts and the company’s search for its next CEO. . Roberts, who joined the company in 2016, is stepping back to focus more time on personal interests and passions. In addition to dedicating himself to growing the company over the past 6 years, Wayne served as the primary caregiver to his wife, Shannon, during her battle with glioblastoma brain cancer.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Must Haves to Scale your SaaS

Lockstep

Scalability, Scalability, Scalability !! . When we talk about Scalability, the first things that come to our mind are a large userbase, few million requests per second, huge volumes of data , and so on. When we talk about scalability, the first things that come to our mind are a large userbase, few million requests per second, huge volumes of data, and so on.

88
article thumbnail

Choosing the Best Commercial Collection Services

Enterprise Recovery

When making the decision to use commercial debt collection services, businesses should be choosy. Not only are you selecting a company that should be efficient in recovering what's owed to you, but your brand reputation is also at risk. The collections specialists will be speaking to your clients on your behalf. It's imperative that they're able to be a fair but authoritative representation of your company.

article thumbnail

How Autonomous Finance Can Boost Profitable Growth of Businesses

Emagia

What is Autonomous Finance vs Automated Finance? There are many different ways you can explain autonomous finance. Isolated process automation is like a top-end car having several automatic features, but is entirely different from a self-driving autonomous car which handles almost all the driving operations by itself. In the same way, the trend of companies automating certain operational processes and workflows in bits and pieces using robotics process automation (RPA ) has been there for some t

article thumbnail

Plank Hardware Builds B2B Business by Enabling B2B Buyers to Pay on Terms

TreviPay

The challenge – adapting to grow B2B Business. When a successful B2C business decides to grow its B2B business, the payment types offered to new customers can be decisive in its success. Plank Hardware is a three-year-old London-based design brand manufacturing high-quality design details for the modern home. The first years of the business were focused on serving the B2C market.

More Trending

article thumbnail

Preparing your financial institution to manage loan workouts, loan modifications

Abrigo

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." WATCH. Takeaway 1 Signs point to increased loan modifications and loan workouts, and regulators have urged financial institutions to work prudently with borrowers. .

article thumbnail

More Email Blunders That Cost Accountants Time and Money

Lockstep

We all know how frustrating email can be. Sometimes it just doesn’t work as you want it to. In Part I Email Blunders That Cost Accountants Time and Money of this series, we took a look at some of the most common email blunders that can cost accountants time and money. In Part II, we’ll take a look at some more email blunders that can trip up even the most experienced accounting teams.

78
article thumbnail

Inspire Your Startup Employees to Stay Engaged

Enterprise Recovery

Growing a new company isn't for the faint at heart. Employees must be passionate, willing to go the extra mile, and work long hours as part of a cycle of endless expectations. With so many American employees complaining of burnout and " quiet quitting ," startups are facing the same struggles as enterprise companies. Use these tips to inspire your startup employees to stay engaged.

72
article thumbnail

Recruitment Backdoor hiring- episode 1

Credit Management Group UK

Back door hiring effects many recruitment firms. This is where an employer takes on a candidate that you have introduced, without telling you, in an attempt to avoid paying the agreed fee. Backdoor hires like this can happen if you have sent a CV with the candidates’ personal details on them. It can also happen after the employer has interviewed a candidate.

article thumbnail

Scaling your Payments and Billing Process: Financial Impact of Building vs Buying

GoCardless

Scaling fast and deciding whether to buy or to build your payments and billing solution in-house? In this webinar we unpack the financial impact of building and managing your payment and billing solution in-house.

52
article thumbnail

Is Credit Insurance Right for SMEs, Right Now?

Your Virtual Credit Manager

Photo by Gary Bendig on Unsplash It's been an unprecedented couple of years. You know how much your business has changed, but do you have any idea how much your customers’ businesses might have changed? The looming threat of recession, increased cost of capital, inflation, and the strong dollar are gathering momentum to brew the perfect storm that exper… Read more.

130
130
article thumbnail

Construction draw software: How to automate loans

Abrigo

Streamlining the construction loan process Construction d raw s oftware helps lenders and contractors to automate the construction loan management. . You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 Construction draw management software can increase lender efficiency and reduce risk by saving time.

article thumbnail

What is life at Billtrust like for Enterprise Architect Zach Roberts?

billtrust

Blog Post. Blog Post. What is life at Billtrust like for Enterprise Architect Zach Roberts? Share with your network: Mail. LinkedIn. Facebook. Twitter. Formed and refined by two decades of stability and growth, Billtrust’s company values help shape our culture of innovation, accountability and work-life balance. And that culture is driven by the quality and the diversity of people on the Billtrust team.

Default 52
article thumbnail

Tips for the Prevention of Accounts Receivable Delinquency

Enterprise Recovery

If we think of cash flow as important as oxygen to the human body, then accounts receivable is as important as the lungs. When extending credit to clients or invoicing them for goods and services, we're expecting pure, clean cash to flow back into our business. If invoices remain unpaid or the client's credit is unreliable, then the cash flow becomes clogged, effectively killing the business.

article thumbnail

Recruitment Backdoor hiring- episode 2

Credit Management Group UK

This is our next instalment in our series of case studies to help recruitment firms get paid for back door hires. In this instalment, we show that it is important to have processes in place to capture all information to use as leverage to get paid. As previously employed as a Credit Manager by a national recruitment firm and working for many recruitment firms since setting up CMG UK, we have a vast amount of experience in making sure our clients get paid.

article thumbnail

Combine Cash Application and S/4 Hana Implementation

Serrala

Combine Cash Application and S/4 Hana Implementation. katherine.rand…. Mon, 10/31/2022 - 15:52. Improve Cash Flow for the US Manufacturing Finance Industry. Combine Cash Application and S/4HANA Implementation . . Schedule a Demo. The Great Digital Transformation for Manufacturing Finance. Digitization of the manufacturing finance space in the United States has produced incredible benefits.

article thumbnail

Red Flags a Private Firm Is in Distress

Your Virtual Credit Manager

Photo by Ben Cliff on Unsplash A key objective of Accounts Receivable (AR) management is minimizing past due AR to ensure cash in-flows and minimize bad debt losses. Delinquent payments from customers create cash flow shortages, a need to borrow funds and pay interest (at increasing interest rates), and a significant work requirement to accelerate the la… Read more.

article thumbnail

5 reasons construction loan software is vital for financial institutions

Abrigo

Top benefits of construction loan software for bankers and clients Why many banks and credit unions are turning to fintech for construction loan automation. You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 Construction loans are considered risky because they involve long-term exposure to collateral, often with no other tangible assets.

article thumbnail

5 Legal Steps For Commercial Debt Collection in UAE

MNS Credit Management Group

Introduction. The barter system, wherein people used to exchange commodities and services, is when the idea of indebtedness first emerged. What if one or both parties fail to deliver the promised products in exchange for the promised goods, necessitating the necessity to assert the debt? Since 2005, there have been several incidents involving unpaid debt in the UAE, but not every one of them presents an economically feasible opportunity for a corporation or individual to initiate a civil lawsuit

article thumbnail

Smashing the Glass Ceiling With ForwardAI

ForwardAI

This October at The Fintech Times is all about the incredible women working in the fintech industry. With women still forming only around 30 per cent of the workforce, it’s important to spotlight those who are working to make a change and blazing a path for those to follow. We hear from Rachel Hunt, Brandi Gatlin, Sarah Wielens, Lisa Gutu, and Katie Hayes about how they are smashing the glass ceiling.

52
article thumbnail

Scaling for Growth with AP Automation

Plooto

Change is difficult for any business looking to grow, but AP automation can help make those changes smoother. Traditional accounts payable has relied heavily on paper-based invoices, manual data entry and a process that was prone to errors, costing companies valuable time and profit.

52
article thumbnail

7 credit control mistakes that will haunt your business

Hilton Baird

With Halloween upon us we look at 7 credit control mistakes that will haunt your business and show how to stop them from keeping you up at night. The post 7 credit control mistakes that will haunt your business appeared first on Hilton-Baird Collection Services.

article thumbnail

The CFO’s guide to collecting receivables faster

Gaviti

In the spectrum of accounts receivable (A/R) collection techniques, there’s a recurring theme you’ll find: The majority of A/R optimization strategies teach companies how to collect receivables faster. It makes sense, of course. A/R collections are a question of cash flow, and few businesses these days can afford to provide services without promptly collecting on the payments they’re owed.

article thumbnail

Best practices for credit risk management in uncertain times

Abrigo

Fortify your credit risk management framework How to prepare your organization for scrutiny of its credit risk management practices during your next exam or review. . You might also like this whitepaper, "Stress Testing: Managing Capital Levels and Credit Risk." DOWNLOAD. Takeaway 1 Loan modifications training, automating processes, and updating policies and procedures can help prepare organizations for change.

article thumbnail

How to Keep Track of Business Expenses

FundThrough

Tired of keeping track of your entire business in your head? Ready to start making business decisions based on facts instead of pure gut feeling? Then the first thing you need to do is begin properly tracking your business expenses. Business expenses are just things your business spends money on to keep operating. They include […]. The post How to Keep Track of Business Expenses appeared first on FundThrough.

52
article thumbnail

Understanding the Tax Rules Surrounding Businesses and Hobbies

Inc. Authority

With so many Americans stuck at home with nothing to do during the pandemic, new hobbies became quite popular. In fact, more than half of American adults took on a new hobby during COVID-19, according to a report from LendingTree. … Continue reading → The post Understanding the Tax Rules Surrounding Businesses and Hobbies appeared first on Inc Authority.

article thumbnail

What Are B2B Payments?

TreviPay

The business sector underpins the world’s economy. It’s estimated to make up 72% of the OECD’s total GDP. Businesses fall into one of two categories based on what type of market they serve. Businesses that sell goods or services to consumers are known as B2C. On the other hand, those that sell to other businesses are known as B2B. The B2B eCommerce market is predicted to grow between 19.7% between 2022 and 2030.

article thumbnail

Why Data Contribution Matters

MSCCM

The importance of data contribution is often misunderstood or undervalued in the commercial credit sector, which may deter individuals from exploring this concept further. Data contribution — especially combined with proper portfolio management — is crucial to getting the most out of the commercial credit experience, for credit professionals and clients alike.

52
article thumbnail

How to Find Your Articles of Organization Easily

NorthOne

If you’ve ever tried to start a business, you know there’s a lot more that goes into it than picking a name and collecting money from customers. One of the first steps in starting an LLC is filing your articles of organization with the state. Keep reading to learn how to find your articles of organization and how to go about filing them. The basics of articles of organization.