RevCycle

JULY 20, 2022

Make no mistake, the healthcare industry is rife for new entries across a wide span of verticals and corporate America has taken note. This is due to the cost burden crushing consumers and employers alike; and is a natural extension of the increased consumerism patients have been exhibiting for years. The image below does a great job highlighting just what makes the marketplace so appealing to the largest corporations: Image Source: CBINSIGHTS, “The Big Tech in H

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Bad Debt Debt Collections 130

Lockstep

JULY 27, 2022

In today’s economy, it is essential to be able to allocate credit where it is needed most. This means that businesses need to have accurate and up-to-date information about their customers’ creditworthiness. While nearly 60% of U.S.-based B2B sales are paid using customer credit, knowing how much credit to extend and to which customers is of dire importance.

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Credit Scoring Accounts Receivable (AR) Bad Debt AR Automation 89

Abrigo

JULY 31, 2022

Using the OCC Interest Rate Risk stats for asset/liability management models Financial institutions can use statistics in the OCC Interest Rate Risk Reports to gauge whether their bank is an outlier on the risk scale. You might also like this webinar, "Banking in a rising-rate environment." WATCH . Takeaway 1 Comparing the OCC's latest Interest Rate Risk Report and the one from 2019 provides a valuable look at interest rate risk variables. .

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CECL 78

Commercial Credit Group

JULY 31, 2022

You need an additional piece of equipment for your business and you think you want to purchase used equipment. Now what do you do? Evaluate your business needs. Consider the potential risks. Determine from whom you will buy. Obtain an equipment inspection. Arrange logistics. Look out for red flags. Coordinate payment.

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Beyond Capital Blog

JULY 29, 2022

When applying for a loan for the first time, collateral is a must. Find out how much collateral your business needs, in the form of cash or other assets, in this how-to guide. The post What Is Business Collateral? appeared first on Fast Capital 360.

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Credit Tools

JULY 27, 2022

Manage your accounts receivable efficiently using a powerful and intuitive tool.

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Lockstep

JULY 20, 2022

With inflation discussions dominating the conversation today, it is more important than ever to decrease your days sales outstanding (DSO). This not only increases your cash flow but reduces the risk across your business. One way to help ensure more customers pay on time (or sooner) is to increase the payment methods available to your customers. And choosing the right payment service can be complicated, especially when the options come with so many different terms.

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Electronic Funds Transfer DSO Days Sales Outstanding AR Automation 87

Abrigo

JULY 25, 2022

Strong demand is a factor in the ag lending outlook ahead Ag lenders can begin taking steps to ensure they are prepared and can provide positive customer or member experiences. You might also like this webinar, "How to Position Yourself for High-Yielding Ag Loan Growth." WATCH. Takeaway 1 The economic and financial outlook for U.S. farmers is even more unpredictable than in recent years.

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Credit Risk Credit Unions Small Businesses 78

StackSource

JULY 26, 2022

How to grow your portfolio & wealth by transitioning to joint ventures with institutional preferred equity and other structures.

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Beyond Capital Blog

JULY 28, 2022

There are 25 business expenses all entrepreneurs have to handle. Check out the list and see if they count as business tax deductions. The post The Most Common Types of Business Expenses (Plus Which Are Tax-Deductible) appeared first on Fast Capital 360.

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Deductions 52

CreditStrong for Business

JULY 26, 2022

Businesses rely on many types of funding to improve cash flow and keep growing their operations. One of these funding types is called trade credit, a form of vendor financing that gives customers more time to pay for their orders. Learn more about how trade credit works and what benefits it offers companies of all sizes. What Is Trade Credit? When you purchase something from a vendor, you may be given additional time to pay instead of processing your payment upon the point of sale.

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Bad Debt Credit Scoring Credit Risk 52

MSCCM

JULY 26, 2022

Economic uncertainty has been rampant these past few years. First the pandemic, then the Suez Canal, a cascade of other supply chain issues, the Russia-Ukraine war, inflation, and now, the looming threat of recession. Current events are wreaking havoc throughout business and industry, so what’s the impact on commercial credit? Supply chain disruption Most industries.

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Lockstep

JULY 12, 2022

Lockstep Applications are the interfaces to Lockstep API. These interfaces have a diverse user-base and are expected to provide the same experience on all device types. Given how modern devices deviate from the conventional aspect ratios and have wider screens, bigger panels, higher resolutions – providing the same experience and designing for responsiveness is non-trivial.

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Abrigo

JULY 21, 2022

Teaching branch staff these KYC tips can aid CDD compliance BSA Officers can help tellers and other branch staff learn how to ask questions that both foster relationships and support CDD compliance. . You might also like this resource, "Customer due diligence checklist." DOWNLOAD. Takeaway 1 Front-line teams are the eyes and ears of the bank or credit union and can support Customer Due Diligence (CDD) requirements.

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Credit Unions Transactions 78

apruve

JULY 25, 2022

Company growth, cost efficiency, and customer satisfaction – three goals for CFOs that have been blocked by outdated A/R processes – are accelerating with the adoption of accounts receivable automation software. Nearly one-third (29%) of companies have moved to mostly digital A/R processes, and 37% combine digital and manual A/R processes. In the next five years, the Accounts Receivable Automation Market is projected to expand at a compound annual growth rate (CAGR) of 14.2%.

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DSO Credit and Collections Order to Cash Days Sales Outstanding 52

Beyond Capital Blog

JULY 27, 2022

Bridge financing serves as a “bridge” between your immediate need for capital and a long-term financing solution. With it, you can address cash flow emergencies and seize business opportunities. The post How Commercial Bridge Loans Work (and How They Can Benefit Your Small Business) appeared first on Fast Capital 360.

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Small Businesses 52

Actico

JULY 24, 2022

Business rules are new for you? In this blog post you will find answers to your questions about business rules. The FAQ provides helpful explanations for anyone who wants to dig into the topic.

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GoCardless

JULY 21, 2022

Learn about the best construction accounting software

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Lockstep

JULY 13, 2022

Over 20 New Email Templates to Save You Time. Lockstep Inbox has seen some fantastic updates since launching in May. It’s been a great success so far, and we’ve received quite a lot of positive feedback from users. One of our most popular recent additions to the free shared inbox platform is our pre-populated templates. Since its launch, Lockstep Inbox has added 12 new accounts receivable (AR) templates and 12 new accounts payable (AP) templates, respectively.

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AR Aging Accounts Receivable (AR) Transactions 77

Abrigo

JULY 7, 2022

What Will Auditors and Regulators Expect with CECL Accounting? A panel of CECL accounting experts described how auditors and regulators are viewing various aspects of implementation. . You might also like this webinar, "Calibrating the loss experience to economic conditions." WATCH. Takeaway 1 CECL accounting experts shared audit and regulatory expectations based on their work with financial institutions.

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CECL Credit Unions Credit Risk 78

The Corcentric Blog

JULY 19, 2022

Every extra day of days payable outstanding (DPO) frees up working capital that can be put to use more profitably.

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Beyond Capital Blog

JULY 26, 2022

Completing a SBA Form 1919 is required for business owners applying for an SBA 7(a) loan. Learn more about this form and how best to complete it. The post All About the SBA Form 1919 (Plus, How to Fill One Out) appeared first on Fast Capital 360.

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CreditStrong for Business

JULY 18, 2022

Building your business requires capital, and even if you’ve been running a successful business for a few years, financing can play a major role in covering your company’s working capital needs. If you’ve been working on building business credit through tier 1 business credit vendors , net 30 accounts , and business credit cards, you may now have the opportunity to open credit accounts with tier 2 business credit vendors.

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Transactions Small Businesses 52

GoCardless

JULY 20, 2022

The GoCardless Customer Advocacy team were finalists in three categories

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Lockstep

JULY 12, 2022

As touched in Part 1 , adaptive design requires an understanding of viewports and their pixel layouts. In this article, we explore how adaptive design works, what is adaptive coefficient and how to calculate adaptive coefficient for an application. What is Adaptive Coefficient and Adaptive Design? Here, we use relative styling unit REM to style elements.

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Default 67

StackSource

JULY 17, 2022

When you hear the term "Credit Grade", someone is describing the financial strength of a property’s tenant.

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Hilton Baird

JULY 13, 2022

A few of the steps your business can take to encourage customers to prioritise your invoices above others. The post How to get customers to pay your invoices ahead of others appeared first on Hilton-Baird Collection Services.

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Beyond Capital Blog

JULY 25, 2022

The SBA 8(a) Business Development Program helps businesses obtain government contracts and more. See if you’re eligible for certification. The post The SBA 8(a) Program: Qualifications, Benefits and the Application Process appeared first on Fast Capital 360.

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CreditStrong for Business

JULY 15, 2022

Businesses of all sizes can benefit from establishing commercial credit, helping them to manage their finances and cash flow without being impacted by (or in turn impacting) the personal credit of their owner. If you’re tired of having to use your personal credit to free up cash, commercial credit may be the best way forward. Here’s what you should know about building commercial credit for the future of your company.

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Credit Scoring Credit Unions Small Businesses Credit Risk 52

The Corcentric Blog

JULY 12, 2022

In a recent study conducted by Forrester Consulting on behalf of Corcentric, it was found that customer experience improvements ranked even higher than revenue growth as a business priority for CFOs across the UK, US, and France!

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