June, 2022

article thumbnail

Email is Not an Accounting Tool

Lockstep

Email is not meant to solve your accounting workflow management challenges.

141
141
article thumbnail

Loan Betas: A Key ALM Assumption for NIM as Rates Rise

Abrigo

What Are the Loan Betas in Your Plan for Rising Interest Rates? Loan betas, or how rates for new and repriced loans will act as interest rates rise, are critical ALM inputs for NIM forecasts. . You might also like this webinar, "Banking in a Rising Rate Environment: Myth Busters Panel." WATCH . Takeaway 1 In prior rising-rate environments, inaccurate loan betas have led to net interest margin gains falling short of ALM model projections.

CECL 78
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New Net 30 Vendor Updates – New Products, Fees Dropped and More

Business Credit

New Net 30 Vendor Updates In today’s post we’ll cover several new net 30 vendor updates. From new products, reduced fees, easier requirements, and reporting additions; getting business credit is easier than ever. When you obtain a net 30 account with a vendor or supplier you have the opportunity to purchase their products and/or services […]. The post New Net 30 Vendor Updates – New Products, Fees Dropped and More appeared first on Business Credit.

78
article thumbnail

Solving Cash-Flow Problems For Your Small Business

Beyond Capital Blog

Whether it's not having money to cover payroll or expand, cash-flow problems can hamper small businesses. We'll discuss causes and solutions. The post Solving Cash-Flow Problems For Your Small Business appeared first on Fast Capital 360.

article thumbnail

Buy, Rehab, Rent, Refinance, Repeat…What Exactly is the B-R-R-R-R Method?

StackSource

We typically see this investing strategy applied to smaller investment properties, versus larger, commercial properties. But why? Keep reading to learn more about the BRRRR method.

52
article thumbnail

How a well-defined scope leads to maximum value for factoring solutions

aptic

Capway relies on the Aptic platform for invoice purchasing, contract financing, and debt collection Capway is a Swedish financial technology startup that provides access to finance and help companies grow through invoice purchasing, contract financing, and debt collection, among other things. The Aptic CLVR (formerly ARC) platform was the logical choice for co-founder Alexander D’Afflitto to roll out this service.

More Trending

article thumbnail

For Ag Lenders, Farm Outlook Warrants Watching

Abrigo

Ag Sector Outlook Presents Opportunity and Risk for Lenders Higher prices for agricultural producers and continued gains in farmland values are meeting rising interest rates and input costs. You might also like this webinar, "How to Position Yourself for High-Yielding Ag Loan Growth." WATCH. More Unpredictable Than 2019-2021. The general U.S. agricultural sector outlook.

article thumbnail

Need an Alternative to Brex for your Business Banking?

truly financial

S witch to Truly Financial and Get More Than Just Spend Management. The landscape for small business banking is changing. Several large banks and online digital banks are abandoning SMBs for a host of business reasons. Most notable are the announcements by HSBC and Citi about exiting small business banking, and by the fintech / neobank Brex who has decided to focus on larger enterprises and software subscriptions.

article thumbnail

How to Calculate MACRS Depreciation

Beyond Capital Blog

The Modified Accelerated Cost Recovery System enables you to calculate the depreciation expense your business can write off. Here's how you calculate it. The post How to Calculate MACRS Depreciation appeared first on Fast Capital 360.

52
article thumbnail

How to Get Financing When You Buy Electric Vehicle Charging Stations

Team Financial Group

We’re starting to hit that sweet spot with electric vehicle (EV) charging stations – most of the early bugs have been worked out and the cost-benefit analysis is becoming very reasonable. Plus, you can still sneak in as an “early adopter” of EV charging, getting an edge over your competitors by providing an extra service to draw in customers and employees.

52
article thumbnail

Find Out if a Small Business Loan is Secured or Unsecured (And Why it Makes a Big Difference)

Credibly

Table of Contents. Secured and Unsecured Small Business Loans: What’s the Difference? Which is Best? That Depends On…. How Can I Tell if My Small Business Loan is Secured or Unsecured? Find a Small Business Loan That Fits Your Needs. Wondering if small business loans are secured or unsecured ? Don’t worry, not all small business loans require collateral.

article thumbnail

Getting Started with Lockstep Inbox – Free Forever

Lockstep

Lockstep Inbox creates an online workspace so there’s one place for your accounting team to work together, manage shared activities, and directly connect with customers and vendors. Lockstep Inbox automatically organizes emails and documents by subject and issue for specific vendors, customers, and transactions. This vastly improves efficiency in terms of managing your existing workflows, while integrating directly with your accounting system or ERP of choice.

article thumbnail

The Fed’s ELE Tool for CECL: What It Is and Isn’t

Abrigo

New Fed Tool: ELE for 2023 CECL implementation The Federal Reserve's new Expected Loss Estimator, or ELE, tool for CECL is a spreadsheet-based option for smaller financial institutions to implement the current expected credit loss standard. You might also like these webinars especially for 2023 CECL adopters: "CECL Streamlined." WATCH. Takeaway 1 The ELE tool for CECL from the Fed is aimed at reducing the operational burden of implementation ahead of the 2023 deadline. .

CECL 78
article thumbnail

Wellen Capital Joins Truckstop.com Partner Marketplace

Wellen Business Credit

Chicago, IL – Wellen Capital is proud to announce it has joined the Truckstop.com Partner Marketplace. Truckstop.com is an innovative platform for carriers, shippers, brokers and freight businesses to find loads, negotiate rates, and handle a variety of their business needs. The Truckstop.com Partner Marketplace is a comprehensive transportation and logistics marketplace that provides a trusted ecosystem of products, solutions, and integrations for the entire freight community.

article thumbnail

Best Practice And Uniqueness: Finding The Sweet Spot In Debt Collection

JSP Credit Management

Some of our more avid readers, will know that we get our inspiration for our blogs from all manner of places. It could be clients, suppliers, peers, colleagues, partners, things we have read online amongst the plethora of content that all of us are subjected to as soon as we get online, or things we have seen out in the community. This time however, our inspiration has come from much closer to home, and it has to do with how we decide upon our approach.

article thumbnail

How to Invest in a Small Business for Long-Term Revenue Growth

Beyond Capital Blog

Backing a small business can prove rewarding. Here's how to invest in a business as well as some tips to set you up for success. The post How to Invest in a Small Business for Long-Term Revenue Growth appeared first on Fast Capital 360.

article thumbnail

How to Get a Small Business Loan: Complete Guide

Credibly

Obtaining a small business loan is often a critical step when starting and scaling a business. After all, financing provides business owners with the capital they need to launch their business, maintain cash flows during tough times, or expand their operation. However, obtaining funding as a small business can be a complicated procedure, if you don’t prepare.

article thumbnail

Seven Ways Engineering Leaders Can Avoid Team Burnout

Lockstep

According to the Anatomy of Work Index , 71% of knowledge workers experienced burnout at least once in 2020. Most of us have at some point in our lives experienced burnout and that definitely zaps the energy out of our career, friendships, and family interactions. Identifying burnout and avoiding it – though tough for engineering leaders – was easier to manage when teams met together daily.

85
article thumbnail

Prevention is the Key to Stopping Elder Financial Exploitation & Fraud

Abrigo

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Would you like other articles on BSA/AML training in your inbox? Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages. Takeaway 2 Learn to recognize common types of elder abuse and the red flags that may accompany them.

article thumbnail

How to implement an effective collection strategy?

Credit Tools

To ensure a healthy business, it is vital that customers pay invoices on the contractual due date. The best way to make sure this happens is to have a cash collection system in place that is as.

52
article thumbnail

The B2B Impact of Repeated Supply Chain Disruptions

MSCCM

Supply chain disruptions have been relentless in recent years. It’s essential for buyers, sellers, and creditors to understand how B2B transactions are affected by supply chain chaos. The post The B2B Impact of Repeated Supply Chain Disruptions first appeared on MSCCM. The post The B2B Impact of Repeated Supply Chain Disruptions appeared first on MSCCM.

article thumbnail

25 Top Franchises to Own in 2023

Beyond Capital Blog

Franchising allows you to start a business quickly without reinventing the wheel. Here are the best franchise opportunities for 2022. The post 25 Top Franchises to Own in 2023 appeared first on Fast Capital 360.

52
article thumbnail

How To Dispute Errors on Your Credit Report

Headway Capital

If you’re in need of small business financing, both your personal and business credit can affect your ability to secure. The post How To Dispute Errors on Your Credit Report appeared first on Headway Capital Blog.

article thumbnail

Product-mindset in engineering

Lockstep

At Lockstep, we believe that engineers with a product-mindset are a key ingredient to building a successful product. As we embarked on our journey to create a new category of products on Lockstep’s connected accounting network , we learned that providing value to customers is more than a task to complete, but is a mindset that’s required across the organisation from the top-down.

80
article thumbnail

Elder Abuse Awareness Day 2022: Red Flags for BSA/AML Staff

Abrigo

June is Elder Abuse Awareness Month. June 15 is World Elder Abuse Awareness Day. Now is the perfect time for financial institutions to reassess elder financial exploitation red flags. You might also like this webinar, "Elder Financial Exploitation – The Hidden Crime." WATCH . Takeaway 1 Elder abuse and elder financial exploitation continue to be growing concerns.

article thumbnail

[Study] Forrester Consulting: The Total Economic Impact™ Of GoCardless Connect

GoCardless

GoCardless commissioned Forrester conduct a study to evaluate the costs and benefits for partners when integrating GoCardless Connect within their platforms to collect bank payments.

52
article thumbnail

How to Dispute Errors on Your Credit Report

The Business Backer

If you’re in need of small business financing, both your personal and business credit can affect your ability to secure. The post How to Dispute Errors on Your Credit Report appeared first on The Business Backer.

article thumbnail

10 Business Success Stories (and the Entrepreneurs Behind Them)

Beyond Capital Blog

Here are 10 of the best business success stories (and the entrepreneurs behind them). See how these small ventures rose to become titans. The post 10 Business Success Stories (and the Entrepreneurs Behind Them) appeared first on Fast Capital 360.

52
article thumbnail

Having An Inner Circle And Who To Put In It

JSP Credit Management

If any of our regular blog readers have ever seen our Director’s Joe Postings’ profile on Linkedin, you might have noticed that it covers a wide variety of interests. We re-shared one of his posts recently that related to another one of his interests, which is psychology and specifically psychology in the workplace. This eclectic range of interests has meant that as a company our content tends to cover quite a wide range of different topics.

article thumbnail

Rising Interest Rates’ Impact on Accounts Receivable

Lockstep

As the Federal Reserve tightens interest rates at the highest level in over 20 years, it’s a good time to review your manual accounts receivable (AR) processes to seek out your unresolved cash traps. Even with rates on the rise, bank lending is accelerating faster than in recent years. It’s no surprise that rising interest rates are causing companies to evaluate their AR and cash position. .