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 186

Debt Collections Collector Medical Billing Deductions 186

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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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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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

Plooto

APRIL 18, 2024

Managing cash flow effectively is an essential aspect of running a business smoothly. However, many small businesses struggle with cash flow management, especially if they don’t have a lot of experience in bookkeeping and accounting.

Small Businesses 105

Small Businesses 105

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

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

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 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

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

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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98

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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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

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.

110

110

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 92

Credit Management 92

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

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 89

Debt Collections 89

Accounting Department

APRIL 11, 2024

As small and medium-sized businesses undergo rapid expansion and growth, they are often faced with a myriad of sales tax challenges, particularly within the retail and e-commerce sectors. The complexities of managing sales tax compliance can be overwhelming for smaller businesses, especially when juggling various omnichannel strategies to handle their financial operations.

Small Businesses 85

Small Businesses 85

Collenda

APRIL 16, 2024

Aryza Group Appoints New Non-Executive Directors Aryza Group, announces the appointments of two new Non-Executive Directors, Michael McAteer and Tamara McMillen. Michael brings broad experience from Grant Thornton across a range of accounting and financial restructuring disciplines, advising Irish and cross border businesses on best practices in the retail, leisure, construction and IT sectors.

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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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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 92

Credit Management Credit and Collections 92

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

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

Accounting Department

APRIL 10, 2024

In the competitive world of small business, every decision can determine the trajectory of success or failure. One concept that lies at the heart of strategic business decisions but is often overlooked is opportunity cost. It's not just an economic theory; it's a practical metric that every small business owner and entrepreneur should master to make better choices and drive competitive advantage.

Small Businesses 84

Small Businesses 84

Collenda

APRIL 9, 2024

Aryza Group Appoints Kevin O’Neill as Chief Revenue Officer Aryza Group, a leading provider of financial software solutions, announces the appointment of Kevin O’Neill as its Chief Revenue Officer. With an extensive background spanning over two decades in business development, Kevin joins Aryza from Napier Ai, where he served as Chief Revenue Officer, driving the company’s business growth plans.

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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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109

Credit Management Group UK

APRIL 21, 2024

The best way of avoiding credit control issues in your business is to ensure that you are paid in full before providing any goods or services. However, unless you have a unique product or service that is in high demand, or in an industry where it is custom and practice to expect payment in advance, you may find you put you at significant disadvantage from competitors.

Bad Debt 89

Bad Debt Credit and Collections Credit Management 89

Lendio

APRIL 30, 2024

Given the potential impact financing can have on your business, you need to find the best place to get a small business loan. Lendio reviewed the largest SBA lenders and national banks to find the ones with the best small business loan options. Let’s look at some of the prime bank options available to you. US Bank : Best for smaller loan amounts. US Bank offers a specialized business “quick loan”, which is a term loan from $5K to $250K with terms of up to 7 years and no origination fee.

Small Businesses 97

Small Businesses Credit Scoring 97