Your Virtual Credit Manager
DECEMBER 26, 2023
Happy Holidays! During this season, many people take pause to review the ups and downs of the year gone by. Publishers are no different, but we like to focus on what piqued the interest of our readers…and then give them more of the same. In our case, we found our readers had an affinity for articles on identifying collection risks and the best ways of dealing with past due balances.
Biz2X
DECEMBER 8, 2023
Reading Time: 4 minutes For small and community banks, a comprehensive portfolio monitoring tool is not just a convenience; it’s a necessity, especially as it pertains to business lending where risk factors are multifaceted and dynamic. The Risks of Inadequate Monitoring Credit Risk Amplification : Without real-time monitoring, banks may miss early warning signs of credit deterioration.
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ForwardAI
DECEMBER 1, 2023
Originally published on Forbes. Navigating the financial industry’s complexities and succeeding as a professional demands more than just expertise in numbers; it requires a holistic approach to career development. Key to this journey is the advice shared by leading financial experts, whose collective wisdom forms a treasure trove of career guidance.
RevCycle
DECEMBER 7, 2023
The holiday season is a time for giving and receiving. It’s also a time when many businesses experience an increase in delinquent payments. This can put a strain on your staff and increase your operating expenses. Reducing delinquent payments during the holiday season is crucial for businesses, as it can significantly impact cash flow and profitability.
Due
DECEMBER 13, 2023
Artificial Intelligence (AI) is changing the world, and it’s no secret that those who master and harness this technology can create immense wealth for themselves and their clients. The rapid evolution of AI has brought about a new era where countless business opportunities can be pursued. This article will discuss why AI is the key to becoming wealthy in five years and how you can take advantage of this technological revolution.
Plooto
DECEMBER 20, 2023
Enterprise-quality software is now within reach for growing businesses and accounting firms.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Know-It Global
DECEMBER 20, 2023
What a year it’s been. A record-breaking year for signups, over £25 million in late payments collected in platform, key hires made, awesome product updates and even a trip down under all squeezed into 1 year. Let’s take a look back at all the things we’ve been up to in 2023! January Starting The Year On A High With The Addition Of Chris Anderson Chris joined Know-it in the new year as Group Commercial Director, to drive the UK and International growth plans for the business.
TreviPay
DECEMBER 12, 2023
Cultivating a lasting customer experience in B2B hinges on delivering exceptional user experiences (UX) that support a clean, streamlined payments experience. Knowing this, TreviPay’s UX teams use the Stanford Design Method to understand end-user pain points and empathize with them. As one of TreviPay’s Core Values , empathy takes a prominent role in the UX design process.
Waystar
DECEMBER 20, 2023
Denial management in healthcare RCM is critical. Denials affect everything from revenue flow to efficiency to patient satisfaction. And when research shows eight of 10 healthcare finance leaders say there’s room to improve denial management , properly managing them is a top priority. “Providers are investing significant time and revenue cycle resources to manage claim denials,” said Matt Hawkins, CEO of Waystar.
Due
DECEMBER 22, 2023
Being on a very tight budget can make life challenging. But it can also provide an opportunity to be creative, resourceful, and resilient. Even so, in today’s world, where living costs seem to be rising constantly, you need to find more ways than ever to make your dollar stretch. Whatever your situation, whether you are a student, a young professional, or someone on a fixed income, there are many ways to maximize your budget.
Plooto
DECEMBER 14, 2023
The strategic Risk and Partnerships hires will build on Plooto's 2023 momentum and supercharge market expansion in 2024 to further support growing businesses
Your Virtual Credit Manager
DECEMBER 12, 2023
Recurring Revenue is derived from providing a continuous, ongoing service, such as a subscription, license, rent, or a maintenance contract. It is governed by a contract for a fixed period of time (often one year). If the contract is not cancelled, it can provide steady revenue and cash flow every month, year after year. Recurring revenue is sought by businesses and prized by Wall Street in its valuation of companies.
Accounting Department
DECEMBER 13, 2023
With a new year just around the corner, it's time for organizations to start thinking about their budgets for 2024 - if they haven't already. Effective budgeting and planning are critical to the success of any business. It helps in making smart financial decisions, optimizing resource allocation, and achieving business objectives.
Gaviti
DECEMBER 12, 2023
When you shorten your cash flow conversion time, you improve liquidity. You can then use this cash to pay bills on time, increase staffing, invest in research and development, or expand into new markets. These are just some of the uses that make strong cash flow an important metric for determining the health and potential longevity of businesses. The trick is knowing how to reduce cash conversion cycle times while still preserving good relationships with your customers.
Lendio
DECEMBER 11, 2023
Starting a home-based business takes a lot, and one has to invest a great deal of effort and time to see their business bloom. Conducting proper research before diving in is also essential, but many people skip this vital step. As a result, they face consequences, such as a penalty and even getting shut down. One integral part of your research before starting your business should be finding out the licenses and permits that you need according to your state to make your business legal.
Due
DECEMBER 11, 2023
Pets are a wonderful addition to a happy family. They can bring a sense of joy, peace, and contentment to any household, from single, career-driven individuals to larger families. Pet ownership has increased significantly in recent decades. In 1988, 56% of U.S. households owned a pet. Now, in 2023, 66% of homeowners do so. If you’re considering joining the over 86 million Americans who have a pet, it’s important to lay the groundwork first, especially when it comes to finances.
Plooto
DECEMBER 21, 2023
In 2024, accountants will no longer be deemed company number crunchers as they gain access to technology that allows them to play an increasingly strategic role in business decisions. It’s a role transformation that’s already begun, sparked by the accelerated adoption of digital accounting, fueled by cloud computing, automation, and AI.
Your Virtual Credit Manager
DECEMBER 5, 2023
“One size does not fit all.” To often we try to put round pegs in square holes. This misguided search for a singular understanding applies to many things, including collecting Accounts Receivable (AR). Optimal Collection results are achieved by utilizing different collection techniques with different types of customers. Treating them all the same is a sure path to mediocre results.
Chaser
DECEMBER 11, 2023
Do you struggle to find the time to chase customers for your payment? Are you slogging away entering data onto slow and outdated systems? Maybe it's time to step up your systems and go digital. A manual accounts receivable system is tedious and outdated. It also leaves a lot of room for costly human error. The effects on your balance sheet can be significant including slower cash flow.
Accounting Department
DECEMBER 29, 2023
We are thrilled to announce that Episode 9 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.
Lendio
DECEMBER 11, 2023
The holiday season is a golden opportunity for businesses to boost their sales and strengthen customer relationships. A well-planned and executed holiday marketing campaign can make a significant impact in getting your brand noticed and maximizing your revenue potential. This guide will provide insights into effective holiday marketing strategies and ideas to help your business shine brighter this season.
Due
DECEMBER 4, 2023
The stock market has experienced a remarkable surge, with the S&P 500 increasing by 10% since the last Federal Reserve meeting just a month ago. This rapid growth has caused concern for the Federal Reserve, as they worry about the potential impact on inflation. Despite speculation of potential interest rate cuts by the end of 2024, examining how the Federal Reserve might respond to this recent market euphoria is crucial.
Credit Management Group UK
DECEMBER 18, 2023
Over the Christmas period many businesses experience a slow-down in their work, with some closing down for an entire week, inevitably cash flow will be impacted to some extent. As a result of this many businesses will return fully to work at the beginning of January in a panic to kick-start their cash flow again for the New Year. The stress of this is entirely unnecessary if a business prepares in advance for this slow period and takes all necessary steps in preparing their cash flow.
Collenda
DECEMBER 14, 2023
How can technology be used to transform debt collection processes? For many businesses, debt collection can be an arduous, time-intensive, and at times, frustrating task. Having an effective handle on your sales ledger control account, however, is vital for ensuring your business maintains a healthy cash flow position. Getting paid what you are owed when you are owed allows you to better manage your company’s finances and plan for the future.
Chaser
DECEMBER 22, 2023
Implementing the kind of credit control that keeps your debtor days to a minimum and gets you paid faster is all about organization. Keeping track of your invoices and payments means you know when to chase your customers for payment, prevents you from chasing invoices that have already been paid, and gives you greater control over your accounts receivables.
Accounting Department
DECEMBER 19, 2023
Reports play a crucial role in managing a business effectively, and QuickBooks provides a wide range of reports that can help small and medium-sized businesses track their financial performance and make informed decisions. These reports provide valuable insights into various aspects of the business, such as income, expenses, sales, inventory, and payroll.
Lendio
DECEMBER 8, 2023
Navigating the world of small business financing can seem like a daunting task, especially when you’re just getting started. But don’t fret—there are resources available to help you on your journey. One of those resources is small business grants, essentially free money that you don’t have to pay back. These grants can give your fledgling business the financial boost it needs to grow and flourish.
Due
DECEMBER 26, 2023
It takes hard work, smart decisions, and a bit of luck to achieve wealth and financial freedom. Although often neglected, your mindset is one of the most powerful tools you have at your disposal. After all, money beliefs, expectations, and thoughts play an important role in shaping your financial reality. It’s here that millionaire affirmations come into play.
Abrigo
DECEMBER 29, 2023
Abrigo's most popular whitepapers and checklists on lending and credit risk Abrigo experts' insights on CFPB 1071, loan policies, and risk ratings were popular with banking professionals. Here are the top resources. You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool." Watch NOW Takeaway 1 Abrigo's experts produced many pieces on lending and credit risk to provide strategies and tools to help banking professionals.
Enterprise Recovery
DECEMBER 14, 2023
When clients fail to pay their invoices on time, it can negatively impact your cash flow and harm your business in various ways. Maintaining a healthy cash flow is crucial for the success of your business, so it is essential to address any issues with late payments promptly and find effective solutions to ensure a steady and stable financial foundation.
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