Your Virtual Credit Manager

JANUARY 31, 2023

Photo by Pierre Bamin on Unsplash There are any number of reasons a business may pay beyond your terms of sale. Some of the reasons for paying slow are more serious than others, but they all impact your cash flow and your collection efforts. There are several keys to effective past due collections and they start with your order-to-cash process. You first must meet the customers expectations in terms of the delivery of goods and services as well as provide them with a timely and accurate invoice.

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Credit and Collections Past Due Invoices Bankruptcy Order to Cash 246

RMAi Blog

JANUARY 18, 2023

By Michael Magarrell. Time is a valuable resource, especially in a production business. Resources spent dialing, answering, negotiating, and closing payments have measurable value. Resources spent dialing outdated numbers, speaking with wrong party contacts, and buying/using outdated data are measurable expenses. . When determining who to contact first in a dialing strategy, many agencies use a propensity to pay (PTP) or collect score to concentrate on the accounts with the most potential for p

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SAP Credit Management

JANUARY 4, 2023

Background. It all started with a little project I was working on to synchronize thousands of records from SuccessFactors into a HANA database. (Yes, I know there are more automatic ways than writing something yourself, but when you know SuccessFactors you know that no SF system API’s look the same.). The structure of my solution is as follows: I have microservice #1 that merely exposes an ODATA API on top of my generic data model.

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Due

JANUARY 24, 2023

If you want to build wealth, you’ll need to earn money while you sleep. The only way to do this? Generate passive income. Sadly, passive income can seem overwhelming, since it often takes a lot of hard work or money upfront. The good news is that you can create extra income while you’re not working with the help of passive income apps. For those looking to make extra money without spending all of their time on side hustles, here are 25 passive income apps to download.

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Credit and Collections Deductions Small Businesses 132

incfile

JANUARY 25, 2023

When it comes to filing your small business taxes, it all boils down to two options: following the DIY method and filing your own taxes, or working with a professional such as a CPA, qualified tax preparer, or tax lawyer.

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Small Businesses 105

Lendio

JANUARY 9, 2023

For business owners and entrepreneurs with a large amount of savings, the main obstacle to starting a business is often coming up with a viable idea. Yet many aspiring entrepreneurs have a different problem—the idea is there, but the capital isn’t. Startup funding or startup capital is something that every new business needs to get off the ground. As an entrepreneur, however, the challenge is figuring out where to find the startup funding you need to launch your new business.

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Small Businesses Credit Reporting Agencies Credit Scoring Default 105

RMAi Blog

JANUARY 20, 2023

January 20, 2023 (Sacramento, CA)  – Finvi demonstrates their support of RMAI and the receivables management industry through a Gold sponsorship of the 2023 RMAI Annual Conference. The conference will be held February 6-9, 2023, at the Aria Hotel in Las Vegas. The Annual Conference is an important networking opportunity for professionals in the receivables management industry, kicking off business development conversations at the beginning of the year.

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SAP Credit Management

JANUARY 10, 2023

The Innovation of SAP in the Healthcare Industry. Healthcare delivery is increasingly becoming more organized, patient-centered, and dependent on collaborative efforts. Healthcare organizations are emphasizing cost-cutting strategies and technology to expand their operations and gather and utilize financial and clinical data to improve performance and quality. .

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JANUARY 22, 2023

Retirement can be a time to relax and enjoy the fruits of your labor, but for many seniors, the reality is that their fixed income is not enough to sustain their desired lifestyle. That’s where passive income comes in. It requires little to no effort to maintain and can provide a consistent revenue stream for retirees. In this article, we’ll explore several passive income ideas that seniors can use to boost their retirement income and live more comfortably and securely.

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incfile

JANUARY 30, 2023

Sometimes side hustles conjure up images of low-paying or even free work. You do a little here, you do a little there and you get paid a little. So you might be wondering, “How do side hustles make money?” Thankfully, side hustles are not an internship.

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Plooto

JANUARY 30, 2023

If you have any doubts about the importance of customer service and building solid client relations, consider the following statistic from a Harvard Business Review study: Increasing customer retention by 5% can increase profits from 25 to 95%.

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Accounting Firms 98

Credit Absolute

JANUARY 31, 2023

In the year 2020, most Americans were getting financial support from the government. Their spending was also low due to restricted movement. This was as a result of the lockdowns, travel, and the mere fear of being exposed to large crowds in the midst of the COVID-19. Consequently, the credit card debt decreased from 930 […] The post 2022 Debt & Credit Card Use Statistics in the U.S appeared first on Credit Absolute.

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tillful

JANUARY 23, 2023

First: What are tradelines for business? A tradeline or trade information refers to the financial obligations that a business has to its creditors, suppliers, service providers, and other vendors that involve payment terms. Simply put, tradelines are any account that appears on your credit reports and includes information about the creditor and their debt.

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Credit Scoring Credit Reporting Agencies Credit Card Companies Small Businesses 98

SAP Credit Management

JANUARY 27, 2023

What an event, we had around 150 participants from the partner eco-system from global service providers to VARs and software developers in North America at the beautiful SAP Engineering academy in San Ramon, California. We had the goal to: Discuss your opportunities related to innovating on SAP BTP Provide SAP BTP related solutions and product updates Help you accelerate your SAP BTP journey Explore SAP BTP enablement and coaching offerings (including SAP Integration and Certification Center ser

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JANUARY 18, 2023

Looking for practical ways to reach financial success when pursuing a non-conventional career path as a solopreneur? Being a successful solopreneur isn’t simply about having a marketable business idea that can withstand competitors. It is about having a thorough plan and processes in place to see financial growth and stability in the initial year and beyond.

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Credit and Collections Small Businesses 131

incfile

JANUARY 6, 2023

Filing taxes as an S Corporation can be a very effective way to lower your self-employment taxes and could save you thousands a year (if you make over $70,000 a year, that is).

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Plooto

JANUARY 23, 2023

In 2022 we introduced a new feature in Plooto called Plooto Capture, located in the Documents tab. Capture was built to help Plooto provide an automated end-to-end cash flow experience to our customers. Holistically, Capture is made to automate the input and creation of the bills that will then be paid through Plooto, with the convenience of having this entire experience live within the Plooto system.

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Credit Absolute

JANUARY 23, 2023

Good debt and bad debt are terms used to describe different types of debt and their effects on your financial health. Good debt is debt that improves your income or net worth, can be repaid responsibly, and has a good return on investment. Bad debt, on the other hand, is debt that you are […] The post Examples of Good Debt vs Bad Debt appeared first on Credit Absolute.

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Eagle Business Credit

JANUARY 20, 2023

A huge challenge to small business growth is cash flow. The majority of small businesses struggle with managing their cash flow, and cash flow issues are the number one cause of small business failure. There have been some rough years for small business owners , and many businesses are still not seeing the same revenue they were before. So, it stands that small business cash flow is hurting.

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Credit and Collections Small Businesses 98

SAP Credit Management

JANUARY 14, 2023

Registrations for the SAP Inside Track Bengaluru 02/2023 are officially open now! Join us on February 25th, 2023 for a jam-packed day of learning, networking & fun. . When. Mark your calendars for February 25th, 2023 and be sure to arrive early for registration between 8:30 AM – 9:30 AM. The event will run from 9:30 AM – 5:00 PM, giving you a full day to immerse yourself in all things SAP. .

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JANUARY 1, 2023

Financial planning may be necessary but it’s also notorious for being a decidedly unpleasant experience. For many people, dealing with intimidating life events such as children in college or reaching retirement age, can trigger much emotional or mental stress. Still others may feel overwhelmed as they explore various possible scenarios, challenges, and solutions. .

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incfile

JANUARY 20, 2023

From small business grants and loans to startup funding and investments and scholarships, there are thousands of funding options available — if you know where to look. Over the years, more money has become available for minority grants to start a business, small business grants for women , and general small business grants.

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Lendio

JANUARY 19, 2023

Starting a small business is expensive. Almost every small business owner faces startup expenses, whether you’re a solopreneur needing a laptop or a construction company purchasing a lot full of heavy machinery. Inventory and equipment must be bought, employees or contractors must be paid, and rent comes due every month. What’s harder, outside funding is often difficult to access when your company is young but in need of capital.

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Credit Scoring Credit Unions Small Businesses 98

Gaviti

JANUARY 16, 2023

As a collections team, mailing dunning emails and collecting receivables from customers are routine tasks. While many A/R teams use the same templates and emails, they often fail to review and test various types of messages. But how can you ensure that you are using the most effective workflow possible? – Simple, your marketing department has been doing this for a long time.

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Plooto

JANUARY 16, 2023

Thank you for choosing Plooto for your AP/AR automation needs. Plooto’s payment processing features have helped many businesses like yours streamline their credit card processing , cut costs, and save time.

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AR Automation 98

SAP Credit Management

JANUARY 23, 2023

In diesem Jahr starten wir wieder unsere Workshop Reihe der SAP Fiori End to End Workshops für SAP Partner. Die erste Veranstaltung findet in Leimen in der Nähe des SAP Mutterschiffs statt. 21 – 23 Februar 2023 Alle Vorträge werden in deutscher Sprache gehalten. Daher auch dieser Blog Post von mir ausnahmsweise auch in Deutsch. In diesem Workshop werden sowohl die Entwicklung von SAPUI5-Anwendungen mit SAP Business Application Studio als auch die Entwicklung von OData-Services mithilfe des

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JANUARY 20, 2023

It turns out that when the going gets tough, the tough take on side hustles. According to an Insuranks survey from 2022, 93% of Americans have a side job. And their most common reasons for getting into the gig economy aren’t surprising: earning cash and paying bills. Inflation is high , after all, and every little bit counts. Of course, most side gigs aren’t going to bring in millions.

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incfile

JANUARY 18, 2023

If you’ve been at your side hustle for six months or longer and have had success, it may be time to turn your part-time business into your full-time job. Perhaps you're confident your side hustle earnings can replace your full-time income, or you find yourself overwhelmed by the time required to keep up with your side hustle and keep your full-time job.

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Prosper

JANUARY 13, 2023

Many Americans struggle to achieve financial well-being for many reasons. However, it’s never too late to learn money strategies to help you manage credit, get out of debt and create a budget and saving plan that keeps you financially fit. In this first installment of our money management series, we will explore all things credit. How do you establish or rebuild good credit?

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Credit Scoring Credit and Collections Bankruptcy Nonprofit Organizations 98

lsq

JANUARY 19, 2023

Three years ago, Kelley Higney and her mother Ellen McAlister appeared on ABC’s hit show, ‘Shark Tank,’ with an innovative product – and highly entertaining pitch – that led to all the Sharks biting with offers to invest in the business. But it was Lori Greiner’s ‘Golden Ticket’ offer that secured the partnership. By the end of the segment, the duo had secured the funding needed to continue to grow Bug Bite Thing , which is a suction tool that removes insect saliva or venom from underneath the

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