September, 2022

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Don't Let Quotation Errors Infect Your Accounts Receivable

Your Virtual Credit Manager

Photo by LinkedIn Sales Solutions on Unsplash When your Quotations do not address all of the key elements of a business “deal,” or when they do not agree with the details laid out in your customer’s Purchase Order (PO), Quotations can be at the root of many of your Accounts Receivable (AR) ills. A sale starts with a quote – whether it be verbal or writte… Read more.

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Your Accounting Inbox Needs a Workflow Overhaul: Productivity and Coverage

Lockstep

When scaling your business, email no longer becomes the “best” or “easiest” tool to use. This is why sales departments use Salesforce to manage account status, notes and communications. This is why your IT department has a helpdesk took like JIRA to compile and organize internal inquiries, because traditional email is not scalable. But why then, is your accounting team using disparate accounting email inboxes to manage vendor and customer communications?

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The benefits of construction loan software

Abrigo

Construction loan softwares are a windfall of efficiency for financial institutions. Essential technology for modern lending and credit departments. Learn more about what they are and how they help banks and credit unions gain needed efficiency in the loan administration process. You might also like this webinar, "How to manage a high-performing construction loan portfolio.

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Collection of 84 billion euros accelerated by My DSO Manager over the last twelve months!

Credit Tools

1,200 companies in 85 countries accelerate their collections and improve their customer satisfaction thanks to our Credit Management and cash collection software! Why not yours?

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Moving Past Paper: B2B Payment Technology

MSCCM

B2C payments are thoroughly digitized and automated, but B2B payments are still frequently paper-based. In fact, recent data estimates 50% of B2B payments are still made via paper check. Paper invoices and checks lead to lost information, lost money, and less efficiency. With innovations in payment technology available to streamline B2B payments, there’s no better.

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Topsy-Turvy UK Markets Reveal Risks in Policy Responses to the Energy Crisis

Loomis Sayles Credit Research

The rate and currency shocks in the United Kingdom this week have caused some market participants to compare the UK to an emerging market economy. I think it’s a poor comparison. In my view, an important root of the problem was a market mispricing of Bank of England (BoE) messaging and a reversal of government intentions stemming from the energy price shock.

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Traditional Email Equals Time Wasted and Duplicated Efforts

Lockstep

Your Accounting Inbox Needs a Workflow Overhaul: Part 4. Email was never designed as an accounting tool. Using email to manage the inflow of communications and documents to/from customers and vendors may make sense on paper, but when scaling your operations, or when hiccups to your operations occur, email quickly outgrows its welcome for accounting teams.

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The benefits of construction loan management software

Abrigo

Construction loan management software Construction loan management softwares are a windfall of efficiency for financial institutions. Learn more about what they are and how they help banks and credit unions gain needed efficiency in the loan administration process. You might also like this webinar, "How to manage a high-performing construction loan portfolio.

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Fintech Payment Companies: What the Best Ones Have in Common

FundThrough

Fintech payment companies provide services such as credit card payments, e-commerce checkout, mobile wallets, and other financial transactions. They also offer merchant accounts and other tools to help businesses accept payments. As the global economy continues to evolve, fintech payment companies are becoming increasingly vital to the success of businesses of all stripes and sizes. […].

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How to spot a late payment before it happens

Hilton Baird

Is there a way to spot a potential late payment before it occurs? We certainly think so. Here we identify the tell-tale signs. The post How to spot a late payment before it happens appeared first on Hilton-Baird Collection Services.

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4 tips to boost point-of-service collections (and patient satisfaction)

Waystar

Collections are a balancing act. “If your point-of-service (POS) collections start at the point of service, you’re already behind,” says Eric Sulivant, solutions strategist at Waystar. “But if you reach out too early, too often, or you’re using a communication method your patients don’t prefer, patient satisfaction declines.” So how do you strike the right balance?

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Are Your Profits Going Up in Smoke?

Your Virtual Credit Manager

Photo by Jp Valery on Unsplash Payment deductions, also known as chargebacks or short pays, happen when the customer pays less than the full invoice amount. They occur because a customer does not receive your product or service as ordered, or feels the invoice is incorrect. Should you confirm that the customer is indeed correct, the deduction is removed from the Accounts Receivable (AR) ledger via a credit memo.

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10 Ways to Prepare Your Q4 Strategy (and Finish the Year Strong)

Beyond Capital Blog

Finish the year strong. Prepare a Q4 strategy to achieve business success with these 10 top tips. The post 10 Ways to Prepare Your Q4 Strategy (and Finish the Year Strong) appeared first on Fast Capital 360.

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How construction loan administration can help you

Abrigo

Construction loan administration Find out how today's technology has changed the shape of construction loan administration, creating a better customer experience and reducing risk. You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 Construction loan administration can be tedious and complex.

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How to define a credit management strategy?

Credit Tools

Managing the customer's financial relationship is all the more necessary when it is uncertain. How to define a real strategy to develop the turnover of your company while preserving its cash flow and.

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How Much Does it Cost to Renovate a House?

Prosper

One of the best parts of homeownership is being able to customize your home exactly how you want it. You don’t have to make your life fit your home- you can make your home fit your life. Not only that, but thoughtful renovations can often increase your home’s value, making your home an even more substantial investment. But how much does it cost to renovate a house?

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This is What Could be Stopping You From Getting a Small Business Loan

Skogen Capital Lending

Business loans can help launch or expand a business. These funds can be used to purchase inventory and/or equipment, lease operational space, and cover payroll or other expenses. Unfortunately, it’s often difficult for new businesses to get this type of funding. In this blog, we’ll explain the top 8 things that could be stopping you from getting a small business loan. 8 Reasons You Can’t Get a Small Business Loan.

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To Finish Strong Takes Planning

Your Virtual Credit Manager

Photo by 2H Media on Unsplash Are you managing your Accounts Receivables (AR) with the end of the year in mind? Your AR and Cash balance at December 31, 2022, is a very important number. Suppliers, Lenders, and Credit Rating agencies will place substantial importance on these numbers (among others), when assessing your liquidity and overall financial str… Read more.

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What does the SBA loan process look like with FNB Small Business Finance?

FNB Small Business

When you partner with our team at FNB Small Business Finance, we want the process to be as transparent as possible to ensure everything goes smoothly. Our team has decades of experience and is dedicated to helping small business owners achieve success. Here is what you can expect the SBA process to look like with our team. Read More.

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Moving on from your construction loan spreadsheet

Abrigo

Construction loan spreadsheets are slowing you down. Construction loan risk management software leverages technology and sound process management to pull construction lending away from its manual roots. You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 There was a time when spreadsheets were your best choice for tracking construction loans.

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How to Catch Up on Your Bookkeeping

FundThrough

Although we offer a Catch Up Bookkeeping Service here at Bench, we know that some business owners prefer to tackle overdue bookkeeping on their own. Here’s a step-by-step process you can use to plow through your bookkeeping backlog in no time. Step 1: Gather your receipts First, collect all of the receipts and invoices […]. The post How to Catch Up on Your Bookkeeping appeared first on FundThrough.

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Leveraging SaaS Technology to Optimize Your Accounts Receivable Workflow

Bectran

As the technology space continually evolves, B2B organizations must acknowledge the need to adapt to the demands of the industry – and taking advantage of the timesaving and error-prevention benefits provided by SaaS is one of the best ways B2B companies are staying competitive. Many companies have adopted SaaS-based infrastructure to reduce mundane tasks, automate manual processes and decrease processing errors.

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The 17 Most Successful Home-Based Businesses

Beyond Capital Blog

Whether your talents are creative or more analytical, here are some of the best home business ideas that are available today. The post The 17 Most Successful Home-Based Businesses appeared first on Fast Capital 360.

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5 Traits of a Great Cloud-Based Payroll Provider

dynavistics

Achieving Operational Excellence : Moving Payroll to the Cloud with a great Provider. As you begin to evaluate various cloud-based payroll providers, there are several considerations to keep in mind.

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How Appleby Systems Delivers Excellent Customer Service With ProApprove

Credibly

Meet: Appleby Systems. Founded in 1977, Appleby Systems is a home remodeling company that services homeowners in Pennsylvania, Delaware, New Jersey, and all of the Mid-Atlantic region. Their expertise ranges from handling bathroom and kitchen remodeling to renovating roofs and siding to updating windows and doors. What makes them stand out is not only their adherence to excellence in materials and craftsmanship, but also a focus on stellar customer service.

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Why construction loan risk management software is so valuable

Abrigo

Driving efficiency and reducing risk Construction loan risk management software leverages technology and sound process management to pull construction lending away from its manual roots. You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 Construction loan risk management software can modernizing the administration of construction loans and increase draw interest by 12%.

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Digital Transformation: 5 Factors Vital for Change Management Success

The Esker Blog

If you haven’t read Part 1 of this series, you can find it here ! Hello again, change management fanatics. In Part 2, this blog series is dedicated to the backbone of successful digital transformation: change management. We will focus on the system factors that need to be in place and addressed before starting the actual change process. While this may seem ancillary or extraneous to the change management process, it’s the pillar holding up the foundation of change management.

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How to Use Factoring to Handle Cash Shortages

Skogen Capital Lending

Most companies, even those with extremely skilled personnel, sometimes experience cash flow difficulties. These are often caused by the necessity of offering payment terms that may vary from 30 to 60 days or even longer. One solution is to build up cash reserves, which can be problematic for struggling businesses, and another is to offer rewards to your clients for quicker payments.

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6 Tips for Creating a Rock Solid Holiday Inventory Plan

Beyond Capital Blog

Here are some tips for your holiday inventory preparation plan, helping you cover your needs without overspending. The post 6 Tips for Creating a Rock Solid Holiday Inventory Plan appeared first on Fast Capital 360.

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Quantitative Easing’s Positive Legacy for US Mortgage Holders

Loomis Sayles Credit Research

As the Federal Reserve raises rates in an effort to stifle inflation, what are the implications for US mortgage holders? Thanks to the quantitative easing (QE) programs employed by the Fed after the global financial crisis (GFC), adverse effects on these borrowers have been confined. A program aimed at lowering rates and stimulating the economy. In the wake of the GFC, the Fed initiated QE, purchasing Treasurys and agency mortgage-backed securities (MBS) to help lower interest rates, stimulate b

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