Due
APRIL 14, 2023
Most people find it hard to talk about money, especially between children and their parents. In fact, 57% of parents reported being reluctant to discuss money matters with their children. Furthermore, another study found that 74% of respondents said parents shouldn’t share information about their kids’ finances with kids under 14 years old, and another 14% said it should never be done.
RMAi Blog
APRIL 25, 2023
BLOOMINGTON, Minn. — Absolute Resolutions Corp., headquartered in Bloomington, MN, announced today that in honor of financial literacy month they have made a financial contribution to BestPrep. Based in Brooklyn Park, MN, BestPrep prepares students with business, career, and financial literacy skills. Officially established in 1976, BestPrep is now a statewide organization that serves 35,000 students annually and mobilizes more than 5,800 volunteers from the business community.
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Your Virtual Credit Manager
APRIL 25, 2023
As you add customers and increase sales, your company’s Accounts Receivable (i.e. money owed) will grow. Inevitably you will need to initiate collection activities; in other words, start requesting past due customers pay what they owe your firm for goods and/or services provided on credit terms. Photo by JESHOOTS.COM on Unsplash When business owners become challenged by the collection of delinquent receivables (AR), here are the solutions they commonly choose: Handle Collections Yourself:
Loomis Sayles Credit Research
APRIL 6, 2023
State governments tend to boast strong creditworthiness. They have a multitude of revenue streams, the ability to adjust budgets on the fly, and tend to have broad economies. These factors contribute to the sector’s generally high credit quality, with only seven states rated below AA. However, we expect the slowing economy to reveal imbalances that could affect credit quality and lead to diverging performance within the sector.
Plooto
APRIL 24, 2023
Few activities in business have as much impact in reducing costs, eliminating waste, detecting fraud, and improving the bottom line than spend management. It is the foundation for operational efficiency, cost containment, and visibility throughout the company.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
RMAi Blog
APRIL 20, 2023
An Initiative Dedicated To Planting Trees Around The World to further our sustainability efforts. ARIZONA, Apr. 20, 2023 — Remitter, a digital communication and collections platform announces it’s partnership with One Tree Planted, a globally recognized non-profit organization focused on reforestation and environmental conservation efforts. For every client we onboard Remitter pledges to plant 10 trees in regions where they are needed most.
Your Virtual Credit Manager
APRIL 18, 2023
The economic principle supporting the “Division of Labor” asserts that a worker devoted to a single function, hence specialized, will become proficient faster as well as become more effective (better results) and more efficient (lower cost), than a worker performing a series of activities. Inherent value is derived from the division of labor and using specialized workers to deliver goods and services at an economic advantage over other organizations where each worker instead is respo
Credit Management Group UK
APRIL 18, 2023
Typically local government and large corporate companies suffer from bureaucratic delays on payment. Part of the process for on boarding a new customer should be to establish your customers process for authorisation and payment. Does your invoice need to contain specific information required for your customer to easily identify and authorise? Such as delivery address, site name, department etc.
FundThrough
APRIL 28, 2023
When you’re looking for ways to fund your business, you’ve got to look at every possibility to find the right fit and create your ideal funding mix. Maybe you’ve decided that getting your invoices paid in advance makes sense and you’re researching all the possible ways it can be done. As entrepreneurs ourselves, we understand […] The post Invoice Factoring vs Reverse Factoring: Which is Best for Your Business?
incfile
APRIL 11, 2023
Got a side hustle? You've probably asked yourself, "Do I need an LLC?" While you can operate your side hustle as a sole proprietor without a legal business entity, getting an LLC for your side business can give it protection and credibility. Here, we'll give you all the reasons to consider an LLC for your side business, plus tips on when and how to start one.
Due
APRIL 2, 2023
If you lived through the 2008 recession, you know how painful recessions can be. Even if you didn’t personally lose your job or home, you likely knew more than one person who did. The effects of that recession lasted long after the period was declared over. Many Millennials cite its knock-on effects as the reason they haven’t purchased a home or started a family, even to this day.
RMAi Blog
APRIL 17, 2023
For over eight years, Event & Sales Development Manager Sylvia Done has been working hard to give RMAI members experiences they will remember. Event & Sales Development Manager, Sylvia Done. In addition to overseeing the planning process for all RMAI events like Annual Conference, Executive Summit, and Regional Events, she also has her hands in all things exhibits and sponsorship development.
Your Virtual Credit Manager
APRIL 11, 2023
Accounts Receivables (AR) require active management. Laissez-faire doesn’t cut it. In fact, a hands off approach will only serve to compound the weaknesses in your order-to-cash (O2C) process. Any O2C friction that results will ultimately have a negative affect on AR performance. Photo by Elisa Ventur on Unsplash When a company’s AR under-performs, the consequences are substantial.
Credit Management Group UK
APRIL 26, 2023
In terms of the impact on your customers’ inclination to pay you, letters tend to have more gravitas than emails or phone calls alone. They are a much more formal way of communicating with a customer and therefore can potentially encourage them to take a situation more seriously if they have been paying late and ignoring your emails. Also, to comply with the Court’s pre-Actin Protocols, a Final Demand Letter or Letter Before Action must be posted.
Know-It Global
APRIL 26, 2023
As a business owner, it’s essential to understand and manage credit risk to maintain a healthy cash flow and avoid financial losses. Credit risk is the potential for a borrower to fail to repay a loan or credit extended to them. Understanding how much credit risk a business could pose to you is critical if you want to avoid disaster! Failure to manage credit risk can lead to bad debts, cashflow problems, and eventually, business failure.
Lendio
APRIL 26, 2023
Did your small business keep employees on your payroll through the pandemic? Congratulations! You may be eligible for a tax credit from the Internal Revenue Service, too. The Employee Retention Credit, or ERTC or ERC, was first launched in the early days of the COVID-19 pandemic as part of the CARES Act relief package. It was intended as an extra incentive for smaller businesses to retain their employees, although it was widely overshadowed by the Payment Protection Program.
Due
APRIL 17, 2023
All of us appreciate the privileges of elite status on our preferred airlines. Life seems to be good when you no longer be the last passenger to board the plane or end up cramped in the middle seats of flights. Besides, you have free checked bags and complimentary upgrades. The holistic essence of superiority elevates your self-esteem, right? Well, there are several reasons to vouch for the Delta Premium status.
RMAi Blog
APRIL 14, 2023
By understanding the tradeoff between saving and investing, you can make a financial plan that works for you now and later. Generally, people use savings for building an emergency fund or a short-term financial goal like a vacation or down payment on a car. Savings generate interest, although usually at a lower rate of return than investing, and the funds can be easily accessed.
Your Virtual Credit Manager
APRIL 4, 2023
With a growing number of experts predicting a recession to hit later this year, and inflation and interest rates remaining at elevated levels, squeezing every dollar out of your investment in Accounts Receivable (AR) is more important than ever. You don’t want anything that causes friction in your cash conversion cycle, and that requires maintaining a clean AR ledger.
Sky Business Credit
APRIL 26, 2023
Factoring may be one of the most underutilized yet effective forms of funding for a growing business. It may also be one of the most misunderstood and overlooked types of funding. Below, Sky Business Credit addresses and explains 11 myths about factoring. 1. Factoring is for companies having financial problems. Factoring is not for companies that are having financial problems.
incfile
APRIL 19, 2023
The year 2022 has been a matter of survival for small businesses, many of which are still struggling to stabilize since the COVID-19 pandemic. As the dust settles in 2023, companies are embracing new small business trends that can have a huge impact.
TMC Financing
APRIL 18, 2023
“Greening” your building is more than just an architectural fad. It is the way of the future, and a huge money saver. The post Using the SBA Green Energy Program to Increase Commercial Financing appeared first on TMC Financing.
Due
APRIL 25, 2023
Retirement is a time when many people have the opportunity to pursue their interests and hobbies, and travel is often high on the list of things people want to do. However, the cost of travel can make it infeasible for many people…unless they budget for it. In this article, we’ll explore how to budget for travel in retirement. But first, let’s highlight some of the benefits of making time to see the world.
RMAi Blog
APRIL 13, 2023
In support of Financial Capability Month, the Receivables Management Association International (RMAI) presents the following information. RMAI also provides resources on the Consumers webpage of the RMAI website and at FinancialLiteracy.Rocks. Additional information on this topic and more is available online from the Consumer Financial Protection Bureau.
Chaser
APRIL 21, 2023
I am proud to share that Chaser's Chief Executive Officer, Sonia Dorais has won the Outstanding Leader in Collections Awards at The Leadership Awards 2023.
Know-It Global
APRIL 19, 2023
Company insolvencies continue to climb steeply March monthly insolvency statistics reveal. 2,457 businesses in England & Wales entered liquidation, an increase of 16% year on year. In Scotland the figure is 21% higher compared to March 2022, with 140 insolvencies recorded. The rise of Creditors’ Voluntary Liquidations (CVLs) paints an extremely bleak picture. 2,115 CVLs were recorded across England, Scotland & Wales in March, up 10% in just one year.
incfile
APRIL 18, 2023
Writing a business plan for your food truck is essential. Your business plan serves as a strategic roadmap that can drive your food truck dreams into reality. Use your business plan to clarify your goals and objectives by detailing an overview of the financial, marketing, and operational aspects of your new venture. To get started, let's take a look at all the requirements of an effective food truck business plan and how to use a template to get started.
Eagle Business Credit
APRIL 12, 2023
On this episode of Eagle Eye, CEO Ian Varley dives into the approval criteria for invoice financing facilities. Many business owners think that flexible, growth-enabling funding is out of reach due to a myriad of reasons. Invoice financing is reliable and can help your business grow. There are not unrealistic expectations for applicants. Below are the main areas that an invoice financing company will evaluate to determine whether you can you qualify for invoice financing. 1.
Due
APRIL 9, 2023
Do you have little work experience, but would like to work remotely ? You may seem that you’re out of luck. Since so many “entry-level” jobs require 2+ years of experience, finding high-paying online jobs with no experience may seem nearly impossible. As it turns out, it’s not as difficult as it seems. As a matter of fact, there are many exceptional options available.
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