Credit Research Foundation

APRIL 26, 2024

You Never Asked for it, or Wanted it, but YOU GOT IT! The Portal Dilemma – Seamless A/P and A/R Integration Portals… The credit professional didn’t ask for it, but they’re here and must be dealt with. Over the past 10 years AP and AR portals have become an ever-growing nuisance for the credit professional. In fact, on average each CRF member deals with more than 15 portals and many have hundreds of these headaches.

Order to Cash 195

Order to Cash 195

RevCycle

APRIL 25, 2024

Summary Healthcare debt is a growing concern in the United States, placing a significant burden on both patients and providers. While Artificial Intelligence (AI) is making waves in the debt collection industry, this paper argues that a human-centric approach focused on empathy, understanding, and flexible solutions can achieve higher netback for healthcare providers while treating patients with dignity and respect.

Debt Collections 182

Debt Collections Collector Medical Billing Deductions 182

Your Virtual Credit Manager

APRIL 23, 2024

We can learn a lot from mistakes and failures. This is especially true of our own, but it also applies to other people’s foul-ups and blunders. Experience is a great teacher, and many a success was born out of failure. Edison and the invention of the light bulb is a good example. History, other people’s experinces, is informative as well.

Bankruptcy 130

Bankruptcy Chapter 11 Credit and Collections Collector 130

blue dot counseling

APRIL 27, 2024

Accountants & bookkeepers let themselves be constrained by the standard chart of accounts in Xero. But see it as a starting point, not a fait accompli. The post Build a useful Xero chart of accounts appeared first on Blue Dot Consulting.

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GoCardless

APRIL 12, 2024

Purpose-built space in the Central District cements GoCardless’ commitment to the region, while providing a best in class employee experience to its growing team

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Due

APRIL 3, 2024

The human brain and body are intricate systems that have been fine-tuned over millions of years to prioritize survival. One of the ways they achieve this is by favoring the status quo, or what is familiar. This preference for familiarity is so potent that it can often override our conscious desires for change, making it challenging to break free from patterns of behavior or thought that may be detrimental to our well-being.

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Know-It Global

APRIL 2, 2024

New changes have come into place in April 2024, with updated standards for Prompt Payments being introduced. As of April 1 st, 2024, there are significant changes for big businesses bidding for large government contracts. The Prompt Payment Law brings significant changes that will impact businesses across the country, so we’ve broken down the details to make sure you understand what this means for your business.

Credit and Collections 104

Credit and Collections Small Businesses Credit Management 104

Your Virtual Credit Manager

APRIL 16, 2024

Despite advances in workflow automation and payment technology, collecting commercial receivables is not getting any easier. Despite improvements in order-to-cash (O2C) processing, the explosion in digital payment mechanisms creates new complications. In addition, the regulatory environment is growing, as is the number of invoices being disputed by customers.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Debt Collections Credit and Collections Collector 130

Gaviti

APRIL 11, 2024

Of all the data financial departments love to monitor, accounts receivable often tops the list. After all, it determines how much revenue your business receives. This, in turn, affects its ability to meet financial obligations, such as repaying business loans and making payroll. Is it time for your business to complete an accounts receivable analysis?

Bad Debt 98

Bad Debt Credit and Collections Collection Effectiveness Index DSO 98

Lendio

APRIL 11, 2024

If you can’t beat them, buy them. And even if you can beat them, maybe still buy them. When it comes to the top dogs, we’ve seen successful competitor acquisitions like Facebook buying WhatsApp , T-Mobile acquiring Sprint , and Amazon purchasing Zappos. But we’ve also seen other not-so-successful competitor acquisitions like when Sprint bought Nextel or when Google acquired Motorola.

Small Businesses 98

Small Businesses Bankruptcy Credit Scoring Transactions 98

Due

APRIL 1, 2024

Target date funds, or lifecycle funds, have emerged as a popular investment choice for retirement accounts like 401k’s. Their appeal lies in their simplicity and convenience to investors planning to retire around a specific year, say 2055. However, it’s important to note that even funds with the same target retirement date can have significant variations.

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Chaser

APRIL 11, 2024

Accounts receivable management can be a long-winded and costly process. This article will show you how to optimize your accounts receivables, with the help of Chaser and Oracle Netsuite or Oracle ERP software.

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NorthOne

APRIL 18, 2024

Amazon reigns supreme as one of the most influential and dynamic marketplaces for businesses of all sizes. With over 200 million Prime members and millions of daily visitors scouring its. The post Amazon Marketing Strategy: Best Tactics in 2024 appeared first on NorthOne Blog.

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Your Virtual Credit Manager

APRIL 9, 2024

There has always been a strong correlation between the cost of funds and accounts receivable (AR) management. As interest rates increase, the cost of borrowing money also increases for businesses. Any delays in receiving payments from customers can, therefore, have a more pronounced effect on a company's bottom line profits. The impact of slow payments on profits becomes more significant because of the heightened cost of financing, increased opportunity cost of funds, cash flow constraints, disr

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Credit Card Payments Default 130

Gaviti

APRIL 8, 2024

Anyone who’s worked in accounts receivables knows how valuable a good collections email template can be. Accounts receivable collections rely on clear communication with customers, both in delivering accurate invoices on time and ensuring those invoices get paid. An A/R collections email template supports quick and efficient communication between you and your clients.

Credit and Collections 98

Credit and Collections Invoice Collections Invoice to Cash Invoice Amount 98

Lendio

APRIL 9, 2024

Being a good leader comes naturally to some, while for others, it is a learned skill. But no matter who you are or which category you fit into, there’s always room for improvement. If you want to improve your leadership skills, here are 8 ways you can start. 1. Be accountable Everyone makes mistakes from time to time, from the top all the way down, but it’s how these mistakes are handled that matters.

Small Businesses 98

Small Businesses 98

Due

APRIL 3, 2024

The stock market is a fascinating, ever-changing beast, with a multitude of factors influencing its performance. One of the most respected metrics used to assess the valuation of stocks is the Buffett Indicator , named after the legendary investor Warren Buffett. This indicator has proven to be a reliable tool for investors, offering insights into whether the market is overvalued or undervalued.

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Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. DOWNLOAD Takeaway 1 Financing plays a crucial role in small business survival and success.

Credit Unions 97

Credit Unions Small Businesses Credit and Collections Credit Risk 97

Credit Management Group UK

APRIL 8, 2024

Question One : we are an expanding business providing IT support services on an ongoing monthly contract value but have additional projects for customers for either hardware only, service only or hardware/service mix. As we have an increasing customer base, we would like to automate our credit limit setting for the additional projects using data from credit agency ratings, existing support monthly billing, trading history and projected future sales.

Credit Management 93

Credit Management 93

Your Virtual Credit Manager

APRIL 2, 2024

Commercial credit scores predict the likelihood of a business fulfilling its financial obligations, particularly regarding debt repayment and trade credit. As such, they are just one of the many tools, such as credit reports, supplier and bank references, and financial statement analysis, that can help assess a business's creditworthiness. Their greatest value, however, may be not what they can tell you about an individual company, but what they can tell you about your entire accounts receivable

Credit Scoring 130

Credit Scoring Credit and Collections Bad Debt Credit Risk 130

Enterprise Recovery

APRIL 10, 2024

Is your business struggling with unpaid invoices or clients not paying on time? Many companies often turn to professional debt collection agencies for assistance when this happens. Before you hand over your delinquent accounts to a collection agency, it's important to understand their role and how they can help your business. Learn how to effectively prepare your business for working with a debt collection agency to recover outstanding payments.

Debt Collections 88

Debt Collections 88

Lendio

APRIL 1, 2024

Starting a business is expensive and entrepreneurs are always looking for ways to save money. Here are some free resources and services that will help you grow as a business and a businessperson. US Small Business Administration. Some of the best free resources for small business owners in the United States are actually offered by the government–the US Small Business Administration (SBA) has tips, articles, studies, and even granting opportunities.

Small Businesses 98

Small Businesses 98

Due

APRIL 1, 2024

The legendary Warren Buffett has amassed a fortune worth numerous billions of dollars through his company Berkshire Hathaway. Aside from building one of the largest companies in the world, he is also one of the world’s wealthiest people. In addition to being an excellent investor, Buffett is known for his wit and timeless advice for investors.

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Abrigo

APRIL 25, 2024

Recent data and trends of the small business lending market SMB Lending Insights is a snapshot of current financial trends and metrics that impact small and medium-sized business (SMB) lending and financial institutions. You might also like this guide for smarter, faster small business lending. DOWNLOAD Takeaway 1 SMBs and financial institutions face tremendous uncertainty in the current environment, which is characterized by elevated interest rates, high inflation, and growing personal de

Small Businesses 88

Small Businesses Credit Unions Credit Risk CECL 88

Credit Management Group UK

APRIL 15, 2024

I have found over the years that many businesses do not have a dedicated credit control department within their business, rather this task is assigned to a role as an added responsibility; this often leads to poor collection activity due to lack of time and training to focus on effectively carrying out credit control. For many businesses it is not deemed feasible to have a credit control department which is entirely understandable, however from experience, those that are left with credit control

Credit Management 93

Credit Management Credit and Collections 93

Your Virtual Credit Manager

APRIL 30, 2024

Payment Terms define when a customer is supposed to pay your invoice for the products and/or services your firm provided. at your expense, using your cash. For many industries the “norm” is 30 days from invoice date (Net 30), but there are many variations. Some, such as food distributors, may offer as few as 7 days (Net 7), while other industries require payment on a specific day of the month for all purchases made anytime during the previous month (e.g., Net 10th Prox).

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Credit Risk Bankruptcy 100

Accounting Department

APRIL 5, 2024

We are thrilled to announce that Episode 16 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Lendio

APRIL 1, 2024

As a small business owner, you’re always on the go, tackling your ever-growing to-do list. However, you know it’s important to keep learning and staying on top of the latest trends, tactics, and technology. While it’d be nice to set aside a few hours each week for self-improvement, there’s just not enough time for it. And that’s why podcasts are the perfect go-to resource for busy small business owners.

Small Businesses 98

Small Businesses 98

Due

APRIL 1, 2024

The first quarter of 2024 has just concluded, and the S&P 500 has recorded an impressive 10% gain. This significant increase has sparked a flurry of media commentary, with many suggesting that this rapid growth is unsustainable and that investors should brace for a potential downturn. However, a closer examination of the data reveals a potentially different narrative for the 2024 outlook.

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Enterprise Recovery

APRIL 26, 2024

In today's competitive business landscape, it's important to manage late payments while upholding positive client relationships. Use the following techniques to navigate the delicate balance of recovering outstanding debts while maintaining trust and loyalty with your clients. Discover ethical collection practices to help recover late payments while maintaining positive client relationships.

Debt Collections 84

Debt Collections 84