Commercial Credit Group
SEPTEMBER 2, 2021
When companies consider financing the purchase of a new or used piece of equipment, the monthly payment amount can be critical. In many cases, the target amount of the payment is determined based upon cash flow needs or what the business can afford.
Abrigo
SEPTEMBER 22, 2021
CECL disclosure requirements for 2023 filers and others New disclosures are required under CECL in some cases. Here’s how they’re changing for financial institutions. See below for key takeaways of this article. Stay updated on all things CECL. 1. New Disclosures Under CECL CECL disclosures play a central role in the new standard, but many financial institutions begin work on them too late in the process.
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JSP Credit Management
SEPTEMBER 28, 2021
We could not think of a more enticing headline to a blog if we tried, so please forgive the clickbait, but this week’s blog is much more than that. It contains a discussion about something that we actually have very firm convictions about. And yes, unlike some of the clickbait you come across on the internet, we will be giving you our opinion on the single biggest reason that commercial invoices are not paid when they should be.
SMB Commercial Lending
SEPTEMBER 21, 2021
The Biz2Credit Small Business Lending Index for August reveals banks and non-bank lenders approved more loans in August. This includes big and small banks as well as institutional and alternative lenders. Only credit unions didn’t see any change, staying the same for the past two months with a 20.5% loan approval rate. The percentage of loan approvals by non-bank lenders was up considerably in August.
Credisense
SEPTEMBER 15, 2021
Transform customer onboarding with effortless and enjoyable digital experience using electronic biometric verification software. Biometrics: a new normal for customer experience. Even before COVID-19, the world was going digital. But the pandemic accelerated the shift more quickly than anyone could have predicted. With stay-at-home orders in place, the introduction of remote working and remote learning, and widespread wariness about in-person transactions, many aspects of consumers’ lives became
Actico
SEPTEMBER 13, 2021
Lending in banks offers numerous opportunities to digitize and fully or partially automate manual processes. In the blog article, we show which elements in the credit risk process are suitable for this.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Abrigo
SEPTEMBER 21, 2021
The DNA of an Effective Loan Reviewer Independent loan reviewers need certain competencies or traits. Consultant Ancin Cooley explains in this video. Would you like other content like this in your inbox? . Takeaway 1 A loan reviewer must have solid technical skills in order to do the job competently. . Takeaway 2 Curiosity is an important trait for loan reviewers to have to be effective. .
JSP Credit Management
SEPTEMBER 23, 2021
When JSP Credit Management was first incorporated, naturally a fair amount of preparatory work had already been done. Things such as building a website, getting our terms and conditions done, and building a business plan. The business plan was a struggle, to be honest, particularly the “marketing” section. “Marketing plan?”, we thought, “what on earth is one of them?”.
SMB Commercial Lending
SEPTEMBER 8, 2021
CISA warns of risky behaviours that leave networks exposed to cyberattacks - and should be addressed immediately if employed. Read the full article at ZD Net by clicking here [link].
Regal Credit Management
SEPTEMBER 6, 2021
What qualifies as bad credit? According to FICO , a score between 580 and 669 is fair, while a score between 300 and 579 is very poor. In this article, we’ll assume bad credit falls somewhere between 580 and 620, which is the lowest score you can have—while still getting approved for a mortgage. To show how much a person with bad credit has to shoulder in comparison to a person with excellent credit, we’ll compare the interest payments of Bad Credit Joe to Excellent Credit Jack across 3 categori
blue dot counseling
SEPTEMBER 1, 2021
The ideal progression is for the part-time FD to make most of the job redundant by training other people to do it and ensuring that things which are fixed stay fixed. The post Part time finance director – could be just what you need appeared first on Blue Dot Consulting.
Actico
SEPTEMBER 1, 2021
Artificial intelligence (AI) in banks and finance is a hot topic. Learn more about the benefits and pitfalls of AI in finance and banking in our blog post.
Abrigo
SEPTEMBER 13, 2021
Banking Trends from the FDIC's 2Q Report Net interest margin reached a new record low, but positive signs emerged in lending. You might also like this webinar: "The Basics of Consumer Lending." WATCH. Banking Data. Summary of the Latest FDIC Quarterly Profile. Takeaway 1 Nearly two-thirds of banks actually reported higher net interest income, but aggregate net interest income fell.
GoCardless
SEPTEMBER 16, 2021
If you’re considering accepting credit card payments then you’ll need an online payment system. But what card payment system is right for your business?
StackSource
SEPTEMBER 1, 2021
How to access and use live commercial mortgage rates to calculate potential investment returns of a LoopNet property sales listing.
CommandCredit
SEPTEMBER 27, 2021
A business credit report aggregates information about your business’s credit history from a variety of sources. Your business credit score impacts your business in several ways, such as applying for credit with suppliers and other businesses or applying for a loan. Monitoring your business credit report can also help you uncover any errors that may negatively impact your credit and monitor for potential business identity theft.
MediRevv
SEPTEMBER 16, 2021
Having trouble keeping up with claims? A/R days quickly adding up? Overwhelmed by denials? There are solutions for these. W e know back-end functions of a business office are complex, so we 're here to share a few tips to make it more manageable.
Abrigo
SEPTEMBER 10, 2021
September 11, 2001 will stay with Americans forever. This day was a pivotal point for all Americans, especially BSA officers and FinCrime professionals. Would you like other articles like this in your inbox? Takeaway 1 The terrorist attacks of September 11 were a pivotal point in the BSA, and the world. Takeaway 2 The USA PATRIOT Act was the first legislation that criminalized terrorist financing in the United States.
Abrigo
SEPTEMBER 3, 2021
Cybercrime threats continue to grow In the FinCEN priorities release , cybercrime is listed as one of the most significant AML/CFT threats posed to financial institutions. Would you like others articles like this in your inbox? Takeaway 1 Cybercrime is one of the most significant AML/CFT threats posed to financial institutions. Takeaway 2 Fraud prevention, AML, and IT must communicate regularly and cross-monitor for cybercrime threats.
Abrigo
SEPTEMBER 1, 2021
Drug Trafficking Organizations (DTOs) are a key concern From drug cartels to street gangs, the illegal drug market has been a constant money-maker for DTOs. . Would you like others articles like this in your inbox? Takeaway 1 Identifying and reporting drug trafficking organizations (DTOs) are a staple of the Bank Secrecy Act. Takeaway 2 Criminals turn their illicit gains into usable tender, most commonly through trade-based money laundering (TBML).
GoCardless
SEPTEMBER 3, 2021
Hear how Re-Leased automated their payments process, reduced their DSO by 15 days and are now saving $10,000 a month in bank fees.
GoCardless
SEPTEMBER 29, 2021
Hear from Chargebee, Cuckoo and GoCardless about how they’ve leveraged cloud-based payments to scale and grow their businesses.
StackSource
SEPTEMBER 30, 2021
What is means for a real estate deal to "pencil out", and how to actually get a deal that pencils in 2021.
StackSource
SEPTEMBER 26, 2021
What it means to be charged "Dutch Interest" on a loan, and why you should avoid it as a borrower.
CommandCredit
SEPTEMBER 20, 2021
The Latin phrase “ Scientia potential est” translates to the phrase you may know as “ Knowledge is power.” This phase is attributed to Sir Francis Bacon in the 1600s, and it is still relevant today. Knowledge gives the information you need to make better decisions. In business, this information is essential. There is no better example than your business credit report.
CommandCredit
SEPTEMBER 13, 2021
A business credit report can help you manage risk better, improve your cash flow, and develop stronger customer relationships. But, which type is the best business credit report for your needs? The answer will depend on how you are looking to use the information. Are you looking to check the business credit report for just a few customers or suppliers on an infrequent basis?
CommandCredit
SEPTEMBER 6, 2021
Extending credit to customers is not only common, but necessary for most companies. However, every time you extend credit to a customer, you are taking a risk. A big part of your job, whether you are a small business owner or an executive at a large enterprise, is managing risk — especially preventable ones. While you may not be able to prevent exposure from outside forces or control what your competitors do, you can mitigate the risks you take that are within your control.
GoCardless
SEPTEMBER 6, 2021
35% of businesses say that receiving late payments would make them consider raising prices
GoCardless
SEPTEMBER 22, 2021
We look at why it pays to invest in payment software when you're trying to scale
GoCardless
SEPTEMBER 20, 2021
An efficient and adaptable payment infrastructure is crucial to business growth.
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