Your Virtual Credit Manager
NOVEMBER 22, 2022
Photo by Erik Mclean on Unsplash As discussed in several prior newsletters, the threat of bad debt loss and diminished cash flow from delayed payments increases significantly during a recession. The reason is simple — most of your customers will be suffering lower sales volumes, discounted pricing, and their own cash flow shortages. This inevitably result… Read more.
Plooto
NOVEMBER 28, 2022
It is a brave new world for accounting firms. New technology , pent-up client demand for advisory services, and ever-increasing compliance and regulatory oversight have created a new “business” mindset among accounting organizations — identifying clients’ needs and building the infrastructure to meet those needs.
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Know-It Global
NOVEMBER 10, 2022
Thinking about outsourced credit control? Credit control is the solid foundation that a finance team should be built around. How else can your business pay its expenses if you’re not being paid for the work you’ve done?! Given how critical credit control is to all businesses you would be shocked at the amount of companies that either overlook credit management or struggle to find the time and resource required for a watertight credit control process.
Lendio
NOVEMBER 30, 2022
If you were in business when COVID-19 began, you may be eligible for the Employee Retention Credit (ERC). Introduced in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the ERC offers a payroll tax credit for wages and health insurance that were paid to employees during that time. Despite the fact that the Infrastructure Investment and Jobs Act of 2021 ended this program, qualifying businesses can still claim the ERC for up to five years retroactively.
Credit Absolute
NOVEMBER 28, 2022
In recent months, inflation has received a lot of attention. As a consumer, you’ve probably felt the pinch in your wallet. Many things have become more expensive. Aside from the cost of things, inflation has caused many people to be concerned about their credit. However, it is vital to note that while inflation has no […]. The post Understanding How Inflation Can Hurt Your Credit Indirectly appeared first on Credit Absolute.
The Esker Blog
NOVEMBER 29, 2022
The leaves have turned, the NFL season is well-underway, and the air is getting brisk. This is the time of year when we at Esker begin engaging in a number of conversations with partners and clients who are planning for next year’s projects and budgets. The last few years have been a wild ride to say the least, and looking to 2023, we’re noticing a handful of themes emerging in these planning sessions.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Plooto
NOVEMBER 14, 2022
Thank you for choosing Plooto for your AP/AR automation needs. Plooto’s payment processing features have helped many accounting firms like yours automate their payment processing , cut costs, and save time for themselves and their clients.
SSI Healthcare Rev Cycle Solutions
NOVEMBER 10, 2022
SSI Wins Oracle Cerner 2022 Collaboration Award. November 9, 2022. Every year, Oracle Cerner honors its most innovative and meaningful partnerships, which are chosen based on superior performance and the impact the partner has on their clients. This year, the SSI Group, LLC (SSI) is pleased to announce that we were named the 2022 Collaboration Award Winner at the recent Oracle Cerner Health Conference.
blue dot counseling
NOVEMBER 9, 2022
I stopped doing my books when I realised I was making them worse. The post I stopped doing my books when I realised I was making them worse! appeared first on Blue Dot Consulting.
Waystar
NOVEMBER 30, 2022
If you’re in healthcare rev cycle management, acronyms are nothing new. Still, the ones that come along payment processors can be daunting. From independent sales organizations (ISOs) to payment facilitators (PayFacs), it’s crucial to understand the goals and functions of each. This guide will uncover the pros and cons of payment processing, so you can determine whether a PayFac or ISO is right for your organization.
Abrigo
NOVEMBER 9, 2022
Financial institutions work to meet Q1 2023 CECL deadline A CECL implementation survey by Abrigo found progress by financial instittuions is mixed ahead of the upcoming deadline. . You might also like this: "Beyond CECL: Stress testing, ALM, and financial planning" DOWNLOAD. Takeaway 1 10% of banks and credit unions have completed CECL adoption, according to Abrigo's CECL implementation survey.
Your Virtual Credit Manager
NOVEMBER 8, 2022
Photo by Chris Chow on Unsplash There will inevitably be a day when you realize your collection efforts are not getting a delinquent customer to pay their bill. Despite all the correspondence, calls, excuses and possibly promises made, there still has been no progress. What can you do? The easy answer — refer the customer account to a Collection Agency wh… Read more.
Plooto
NOVEMBER 7, 2022
There’s the adage, “Life is expensive when you don’t know accounting.” An accounts payable software solution that’s not right for your business can also cost you dearly: inefficient workflows, high monthly fees, too advanced or too few features, to name a few.
Beyond Capital Blog
NOVEMBER 15, 2022
Filing your small business taxes for the first time? Use this guide to navigate the process and maximize your refund. The post 7 Tips for Filing Small Business Taxes for the First Time appeared first on Fast Capital 360.
Lockstep
NOVEMBER 16, 2022
In today’s fast-paced, competitive business environment, it’s more important than ever to optimize your accounts receivable (AR) processes. One way to do this is by leveraging automated customer communications as part of your broader accounts receivable automation strategy. Automated communications can help you speed up the collections process and connect with more customers faster.
The Esker Blog
NOVEMBER 15, 2022
Family gathered around the table for Thanksgiving dinner. It’s that time of year again! Getting together with friends and family means good food, laughter, and fun. It’s been our tradition for the past couple years to share recipes from our employees. We hope you enjoy and have a safe and happy holiday! Thanksgiving Recipes from Esker Employees. Coconut Bourbon Sweet Potatoes Mac & Cheese (Crockpot edition) Zuppa Toscana Soup Cajun Turkey Italian Steak – Palermo Style Smoked Turkey Brine Fis
Abrigo
NOVEMBER 7, 2022
Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Would you like other articles on BSA/AML training in your inbox? Takeaway 1 Elder abuse, exploitation, and fraud are rising in the veteran population and can devastate older Americans. Takeaway 2 Learn why veterans are a vulnerable population for this particular type of financial fraud.
Your Virtual Credit Manager
NOVEMBER 1, 2022
Photo by Kenny Eliason on Unsplash Effective collections is the single most important factor for achieving reliable cash inflows. Customer payments for products and services provide the lifeblood of most companies, funding new inventory as well as investments in both people and process. Effective collections can also reduce bad debt losses by compensating for a liberal or weak Credit Control function.
ForwardAI
NOVEMBER 10, 2022
Originally published on Fintech.ca. Cash flow is a problem that has been troubling small and midsize businesses (SMBs) and accountants since the dawn of time. Combine tight capital, slow cash turn-around time, and lack of planning, and it’s no surprise that this issue comes back, again and again, every month-end when the bills come in. A 2022 survey suggested that cash flow problems are the second most significant barrier for small businesses, and one in ten states that cash flow problems are
Accounting Department
NOVEMBER 24, 2022
This year we're especially thankful for our clients and our team - it is their collective energy, positivity, and dedication to success that has made this such a great year.
Lockstep
NOVEMBER 2, 2022
We all know how frustrating email can be, especially for accounting teams. Sometimes it just doesn’t work as you want it to. Email often becomes a major source of frustration – especially when things go wrong. In Part I and II of this series, we took a look at some of the most common accounting email blunders that can cost time and money.
Enterprise Recovery
NOVEMBER 28, 2022
While we typically write about the end-of-the-year processes for accounts receivable , year-end brings about its own stress for the sales and marketing teams. With quotas to meet and budgets to assess, the challenges can weigh on even the most seasoned professional. Here are four tips for B2B sales and marketing professionals to end the year strong.
Abrigo
NOVEMBER 2, 2022
3 features that can improve speed and efficiency Construction loan automation eliminates manual processes, saving time and reducing human error. Here's what to look for in a software. You might also like this whitepaper: "10 ways construction loan monitoring software saves time." DOWNLOAD . Takeaway 1 Technology can help reduce or eliminate common problems that construction lenders face during the complicated draw process.
Beyond Capital Blog
NOVEMBER 29, 2022
Learn how to write a stellar business plan and find out why it’s vital you have one. Access our free business plan checklist too. The post How to Create a Business Plan to Succeed in 2023 appeared first on Fast Capital 360.
Lendio
NOVEMBER 29, 2022
For many people, the American Dream is to take a great idea and turn it into a thriving business. Yet it’s rare that a great idea alone will convince an investor or lender to take a chance on you. Before a lender in particular will approve your application for a business loan , you typically need to prove that you and your business are good credit risks.
Accounting Department
NOVEMBER 17, 2022
For many businesses, sudden bursts of growth may sometimes come at times that business owners least expect. Companies can go from small offices to corporate buildings and small commercial buildings to giant warehouses, but being prepared to do so is what makes the difference between growing and growing pains.
Lockstep
NOVEMBER 17, 2022
Seattle, WA – (November 17, 2022) – Lockstep , the award-winning accounting automation pioneer, today announced that Lockstep Inbox now offers a Google-certified Gmail integration. Lockstep Inbox is the first and only free accounting inbox solution that allows teams to automate customer and vendor workflows in a single application. Lockstep Inbox-certified integrations enhance the security, applicability, and usability of the overall product.
Enterprise Recovery
NOVEMBER 11, 2022
When it's your job to collect past-due invoices, what you say matters. And what you say will depend on your state of mind when you type the email or get on the phone. How you come across to your clients, especially when they're long-term business-to-business relationships, will determine how they react to you, your demands, or any negotiation tactics.
The Esker Blog
NOVEMBER 16, 2022
Here at Esker, you may have heard that we recently had a big birthday celebration to commemorate our Customer Experience (CX) team turning 5! It was a special occasion marking the formation of a team built on a set of core values established directly from customer feedback on how they wanted to feel throughout their Esker journey: Valued, Understood and Engaged.
Beyond Capital Blog
NOVEMBER 29, 2022
Want to make New Year's resolutions to improve your small business? Here are a few ways to start the year off right. The post The Top 10 Business New Year Resolutions appeared first on Fast Capital 360.
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