Your Virtual Credit Manager
MARCH 14, 2023
Photo by aisvri on Unsplash As in many areas of modern society, there are mistaken beliefs, myths if you will, that form a backdrop for various activities in which we engage. For example, TV dramas have perpetuated the myth that you have to wait 24 hours before filing a missing person report. Nothing could be further from the truth. The sooner you notify the police the better the chances of finding the missing person.
Due
MARCH 19, 2023
The number of female entrepreneurs is growing rapidly. In fact, in 2021, 49% of new businesses were started by women , up from 28% in 2019, according to a survey by HR services company Gusto. According to the U.S. Census Bureau, in 2020, 21.4% of all U.S. businesses were owned by women , and those businesses employed 10.9 million employees. Those are staggering numbers and represent how women are advancing in an area that has long been dominated by men.
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RMAi Blog
MARCH 31, 2023
Fairfield, NJ – Vertican Technologies , a global leader in the legal collection software industry, is proud to announce it has invested in Greentree Legal (GTL) in another milestone of Vertican’s plan to provide the collection industry with the tools it needs to become more efficient, compliant, and profitable. GTL’s core focus offers clients seamless management of process service, courier and skip trace services nationwide, and is led by founder and CEO Paula Ashcraft.
Credit Management Group UK
MARCH 7, 2023
There is no doubt about it, credit management, in particular credit control, can be frustrating at times; this may lie in the fact that many different departments of a business will contribute towards the success of a credit management function, and therefore there is a wide scope of possibilities in identifying underperforming areas in order to make improvements.
incfile
MARCH 27, 2023
More and more people are dropping out of the traditional workforce to go it alone, start a solopreneur business and become their own boss. But before we dive into the ins and outs of starting your solopreneur business, let's first cover the basics.
Know-It Global
MARCH 23, 2023
The swathe of corporate insolvencies we’ve seen over the past year shows no sign of slowing down! February 2023 figures show the number of companies going insolvent jumped 17% year on year, reaching 1,783. This is a huge 33% higher than pre-pandemic levels! In Scotland company insolvencies are up 11% compared to last year. The frightening thing is companies struggling to pay their outstanding invoices are at serious risk of going out of business.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Due
MARCH 8, 2023
You are probably concerned about your bank account balances these days. This is especially true if you are living paycheck to paycheck — which according to a 2022 Lending Club report is approximately two-thirds of the population. To make matters worse, your anxiety is likely heightened by inflation and the prospect of a recession. However, there are a few basic things you can do to lower your financial stress, as well as your budget: Cut back on your expenses Apply for a raise Get a better
RMAi Blog
MARCH 31, 2023
March 31, 2023 (Sacramento, CA) – Receivables Management Association International (RMAI) provides a digital consumer resource for financial success: FinancialLiteracy.Rocks ( [link] ). RMAI is committed to protecting consumers and helping them reach their financial goals, manage debt, and create a stronger economic future for themselves one financial decision at a time.
Credit Management Group UK
MARCH 21, 2023
Effective credit control is a vital aspect of any business and one that is often neglected in relation to staff training. Not only can a lack of appropriate training land a company in hot water later down the line through lack of knowledge of correct procedures, but often credit control staff suffer from a lack of confidence that can be easily reversed with training.
Plooto
MARCH 20, 2023
All business owners face the epic challenge of growing their business while having enough cash to fund product development, expand sales and marketing, or hire additional staff. The key to success lies in having positive working capital , which provides excess cash to invest in growth. To quote an industry maxim: “Revenue is Vanity, Profit is Sanity and Cash is King” — Alan Miltz.
incfile
MARCH 18, 2023
As a small business owner, you might feel that employment contracts are unnecessary, especially if you’re just working with a contractor or remote assistant. However, there are certain legal responsibilities beyond payroll taxes that come along when you hire someone (albeit for a short period of time) to help you. If you’re working with or planning to hire full-time or part-time employees without the appropriate business contracts , then you’re opening your business up to legal red tape and heft
Your Virtual Credit Manager
MARCH 21, 2023
Photo by Nick Jio on Unsplash Though the Silicon Valley Bank (SVB) saga is still on going and there is more to be learned about the causes behind the second largest bank failure in US history, the salient facts are now well established. The collapse of SVB was more about management errors, by the management of the bank and ostensibly by regulators, than a fundamental weakness on the financial institution’s balance sheet.
Due
MARCH 14, 2023
Many of the opportunities available to you are dictated by your financial situation, making it difficult to overstate the importance of taking care of your personal finances. When it comes to managing money, most of us have room for improvement. Understanding your current financial situation, setting goals, and making a plan are all important steps for improving your financial situation.
RMAi Blog
MARCH 22, 2023
NORFOLK, Va. – PRA Group is pleased to announce that Tim Kirk, country operations director for the company’s UK business, has been appointed to the Credit Services Association Board of Directors. The Credit Services Association (CSA) is the national trade association in the UK for organizations active in the debt collection and purchase industry. The association confirmed five board members—two returning and three new—during its Annual General Meeting of the Association.
Know-It Global
MARCH 23, 2023
We’ve just introduced a brand new member to the Know-it team! Welcome Clara Gobrecht, our new Customer Success Manager! Clara will be on hand to onboard new users and help businesses get the most out of the Know-it platform to help them mitigate credit risk, reduce debtor days and boost their cashflow. We sat down with Clara for a quick chat to learn more about her and how she’ll help support businesses in the UK. 1.
Plooto
MARCH 15, 2023
While there is no magic wand that will guarantee the financial success and stability of your business forever, effective working capital management (WCM) ensures you have enough cash to make regular payments , cover unexpected costs, and purchase basic materials used to produce goods.
FundThrough
MARCH 28, 2023
As small business owners and entrepreneurs ourselves, we know how important it is to thoroughly explore a way of funding your business before you try it. Which is probably how you landed on this page, looking for an invoice factoring example. Fear not! Invoice factoring is what we do… but not only that, we help […] The post Invoice Factoring Examples: 3 Ways It Can Work appeared first on FundThrough.
Your Virtual Credit Manager
MARCH 13, 2023
World class receivables management involves efficiently converting orders to cash while minimizing profit dilution. Many times companies find it challenging to do this, and when that happens, working capital and cash flow are impacted. Your Virtual Credit Manager works with SMBs to root out the system constraints, process inefficiencies and hidden risks that create unnecessary transactional friction, thereby diluting profitability and hindering cash flow.
Due
MARCH 12, 2023
The real estate market is in an interesting state right now. Home sales are slowing because of higher interest rates, but prices in some areas have yet to drop. Overall, the median existing home sales price in January 2023 was up 1.3% from the same time last year, but home prices in expensive areas have gone down, while prices in less expensive areas have gone up.
RMAi Blog
MARCH 20, 2023
RMAI Diversity Equity Inclusion Program Baseline Recommendations March 20, 2023 (Sacramento, CA) – RMAI introduces a new guide for the accounts receivables management industry, Implementing Diversity Equity Inclusion Best Practices: RMAI Diversity Equity Inclusion Program Baseline Recommendations. This companion guide to the January 2022 Consumer Financial Protection Bureau (CFPB) Report on Diversity and Inclusion within Financial Services identifies the foundational areas of a Diversity Equity
Commercial Credit Group
MARCH 5, 2023
This week marks the 63 st anniversary of Women in Construction Week and CCG is celebrating all the women in this critical and essential industry.
Plooto
MARCH 12, 2023
On Friday, the California Department of Financial Protection and Innovation (DFPI) closed Silicon Valley Bank ("SVB") and appointed the Federal Deposit Insurance Corporation (FDIC) as the receiver. Earlier today, the New York State Department of Financial Services (DFS) closed Signature Bank (“Signature”) and appointed the FDIC as the receiver. In addition, the Federal Reserve, FDIC, and U.S.
Credit Absolute
MARCH 14, 2023
Amazon, Home Depot, and Target, oh my! Online spending spiked considerably during the 2020 pandemic and, while it has tapered off since, is still experiencing record highs. In fact, according to SupplyGem, U.S. retail e-commerce sales for the fourth quarter of 2022 were $262.0 billion. According to NPR, 78% of shoppers shop online to avoid waiting […] The post Tips to Managing Your Online Credit Card Spending appeared first on Credit Absolute.
Your Virtual Credit Manager
MARCH 6, 2023
At Your Virtual Credit Manager , we heartily endorse making informed credit decisions. Doing so will, more often than not, require reviewing a business credit report, which for small and mid-sized businesses be quite expensive when you are buying directly from the business credit bureaus. That is why we have partnered with aacredit, a leading credit information reseller.
Due
MARCH 10, 2023
Want to manage your money better and wiser? Well, you can start by reading financial books for beginners that are designed to help you improve the financial outlook in your life. Personal finance books can provide valuable information on topics ranging from: What you need to do to become financially independent. How to trade stocks. Tips for managing mortgages.
RMAi Blog
MARCH 20, 2023
ELK GROVE, CA – Superlative RM , a collection agency located in Elk Grove, CA and Phoenix, AZ, is honored to announce its receipt of the 2022 Tier 1 Top Agency Award from Cascade365 — a family of companies that provide accounts receivable liquidity solutions to the consumer finance and healthcare industries. “I’m very fortunate to be able to say our team is both dedicated and extremely hard-working.
biz2credit
MARCH 14, 2023
Many small business owners who are desperate for cash consider merchant cash advances (MCAs). For owners of startups or those with poor credit, an MCA can seem like the only financing option for getting through a cash flow crisis, purchasing inventory, addressing an urgent need for working capital, dealing with a financial emergency, or for … Continue reading "What is a Merchant Cash Advance?
Plooto
MARCH 6, 2023
In our previous blog, we covered the fundamentals of cash flow projections and how you can use those to create long-term strategies for your business. However, there are numerous types of cash flows that provide insight into the financial health of your business. Some of these include Investing cash flow, financing cash flow, free cash flow, and operating cash flow (OCF).
Skogen Capital Lending
MARCH 14, 2023
Finding the right financing for your franchise business can be difficult because its unique operational model often requires flexible cash that many traditional loan programs are not built to provide. Most business loans from banks and other traditional lenders are given for specific asset financing goals, and they use the assets in question as collateral.
Your Virtual Credit Manager
MARCH 7, 2023
Photo by Cytonn Photography on Unsplash Reviewing and correcting incoming orders is essential to avoid creating costly Accounts Receivable issues. On the plus side, promptly processing orders and avoiding unnecessary credit holds raises customer satisfaction. Fulfilling a customer’s order according to customer expectations of quality and timeliness of delivery, then invoicing it promptly and accurately is critical to unimpeded cash flow and minimizing bad debt and collection costs.
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