August, 2022

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Are Your Invoices Delaying Customer Payments?

Your Virtual Credit Manager

While it is true that accurate invoices are sometimes lost or paid slowly, a major cause of delinquent receivables is failing to meet the customer’s invoicing requirements. Government agencies, big box retailers or other large customers often have invoicing requirements that may differ from the industry norm. In addition, the longer you take to deliver … Read more.

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Strategies for growing commercial loans

Abrigo

Expanding the commercial loan portfolio in today's market With the right strategies, banks and credit unions can expand their commercial loan portfolios successfully. You might also like this webinar on commercial lending strategy. WATCH . Takeaway 1 Commercial loans have remained strong through the pandemic despite high inflation rates and unstable conditions.

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Debugging Lesson Well-learned: Fixing Material UI Autocomplete Search

Lockstep

Did you know that developers spend more than 75% of their time debugging issues? That’s more than 1500 hours per year! While there are many actions that lead developers to dead ends, fixing issues that otherwise should only take a few hours should not be one of them. Especially when that solution is right in front of us, if only we were a bit more observant.

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What is a Business Credit Report?

MNS Credit Management Group

Introduction: Business Credit Report. Many businesses are unaware of what a business credit report is, how it operates, or how to use it to win contracts, establish your company’s creditworthiness, or lower costs related to interest rates and insurance premiums. Despite the fact that a business credit report can provide important information about a company’s financial health, many businesses aren’t fully aware of what it is.

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Licensing vs. Franchising: Which One Is Right for You?

Beyond Capital Blog

Learn about the pros and cons of licensing vs. franchising and how to decide which opportunity is right for you. The post Licensing vs. Franchising: Which One Is Right for You? appeared first on Fast Capital 360.

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No Surprises Act Q&A: Rules + regulations

Waystar

Waystar has been delving into the No Surprises Act , from Good Faith Estimates to out-of-network services. When it comes to maintaining compliance, we know there can be many cloudy situations. To cut through the confusion, our experts are answering tough questions about the No Surprises Act to help providers like you. Whether it’s defining the role of a convening provider or how a patient dispute surfaces, count on Waystar to cover it all.

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How to implement consistent credit risk pricing

Abrigo

Credit risk pricing Maintaining consistency in credit risk pricing can be broken down into three important factors. You might also like this webinar on loan policy best practices. WATCH. Takeaway 1 Risk rating using multi-factor contributions is key to building a strong credit risk pricing model. Takeaway 2 Defining a standard for quality of collateral is important and its consistent application even more so.

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Lockstep Inbox Update: Global Search

Lockstep

If you’re like most accounting teams, you probably spend a lot of time searching through your email for specific information. It can be frustrating when you can’t find what you’re looking for, especially when time is of the essence. That’s why we’re excited to announce Lockstep Inbox ’s Global Search feature! With Global Search, you can quickly and easily search for transactions, emails, contacts, notes, and more across and within Lockstep Inbox.

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The Changing Landscape of B2B Payment Methods: A Modern Look | Apruve

apruve

The B2B payments landscape is changing rapidly as the business world transitions to digital. B2B buyers seek the same simple purchasing experience they have in their personal lives with payment pioneers like Amazon and Venmo. Experts predict that within three years, 50% of B2B payments will happen digitally. In this article, you’ll learn about the current state of B2B payment models, services and products, and what the future likely holds for B2B payments.

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6 Business Credit Hacks: How to Increase Your Business Credit

The Red Spectrum

You’re looking for business credit hacks to speed up building your business credit? We’ve got exactly what you need. Your business credit profile is extremely useful when measuring the financial health of your business. Also, credit grantors can see how your business meets its financial obligations. . Building a solid credit history is one of the essential steps to your company’s success. .

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The Year’s Best Business Lines of Credit (and Lenders)

Beyond Capital Blog

When you need flexible business financing, a line of credit is a top solution. Here are the best business lines of credit and the terms of each. The post The Year’s Best Business Lines of Credit (and Lenders) appeared first on Fast Capital 360.

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How to Get a Business Credit Card

Fundera

No matter the size of your business, applying for a business credit card can offer a variety of benefits. You can use a business credit card to cover everyday expenses, build your credit history, and, in most cases, earn rewards for your spending. Plus—unlike personal credit cards— business credit cards tend to have higher limits and include unique tools to help you organize your finances.

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3 Electronic signature benefits for banks and credit unions

Abrigo

E-signature capabilities benefit both customers and staff Banks and credit unions that leverage electronic signature capabilities reap the benefits of a more efficient lending process. Would you like other articles like this in your inbox? Takeaway 1 Optimize the signature collection process. Better communication, data collection, and storage offer opportunities for efficiency gains.

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Signs Your Accounting Inbox Needs a Workflow Overhaul

Lockstep

When you are just starting out, using email to manage the inflow of communications and documents to/from customers and vendors makes sense. You are building relationships and managing invoices with a personal touch. This might help you get paid a bit faster. With a manageable number of clients and vendors and a small team, basic accounting inbox tools are good way to collect and store correspondence and the exchange of invoices, payment receipts, etc. .

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Product: Collections

Serrala

Product: Collections nv Mon, 08/29/2022 - 11:43 Boost Performance and Customer Satisfaction with our Collection Management Software Collections and Disputes for SAP col-md-4 Home How to optimize your Collections and Dispute Management with FS² Collections & Disputes One of the most important strategies for effective collections management is to have a clear understanding of your goals and objectives.

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Business Accounting Defined

Skogen Capital Lending

Accounting gives business owners insight into the financial health of their company and without it, you’re paralyzed. An accountant can keep track of your business finances, including cash flow. The three primary types of business accounting are: Financial Managerial Tax. In this blog, we’ll explain how business accounting works. What is Business Accounting?

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What’s the Average Marketing Budget for Small Businesses (and How Much Should You Spend)?

Beyond Capital Blog

Here’s a glimpse at what small businesses spend on marketing along with 7 ways to start building a marketing budget for your small business today. The post What’s the Average Marketing Budget for Small Businesses (and How Much Should You Spend)? appeared first on Fast Capital 360.

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JDE Concrete Builds a Strong Foundation with Team Financial Group

Team Financial Group

Serving the greater West Michigan area, JDE Concrete offers concrete construction for residential, commercial, and agricultural customers. JDE also takes on specialty projects, like waterproofing, epoxy flooring, and decorative and stamped concrete. Since being founded in 1997, JDE has expanded their equipment and services to handle any concrete project from start to finish.

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Loan-pricing models: What to consider for loan origination software

Abrigo

Leveraging the efficiencies gained from lending software Banks and credit unions that leverage an integrated lending and credit platform reap the benefits of a consistent, efficient and defensible lending program. Would you like other articles like this in your inbox? Lending and Credit Software. Leveraging software to gain efficiency. Takeaway 1 Optimize profitability through loan pricing models.

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More Signs Your Accounting Inbox Needs a Workflow Overhaul

Lockstep

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 managing multiple streams and questions from customers and vendors, email quickly outgrows its welcome for accounting teams. . Managing accounting tasks through basic email tools no longer is “simple” and in fact causes more problems than it solves.

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Product: Treasury for SAP

Serrala

Product: Treasury for SAP nv Mon, 08/29/2022 - 11:43 The powerful Treasury Management Software within SAP Treasury for SAP col-md-4 Home FS² Treasury – Manage a wide range of financial instruments 100 % integrated in SAP FS² Treasury is a commanding robust treasury management software that puts your treasury teams in control with powerful business intelligence tools.

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How to Recession-Proof Your Business

Eagle Business Credit

If you pay attention to economic news, you may be concerned at an impending recession. There are some signs that we will see a period of recession soon. This does not mean you should panic and lay off half of your team. Instead, there are 3 main things you should do right now to recession-proof your business. Update: August 2022: When Will the Next Recession Be?

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How to Find Workers in a Challenging Job Market

Beyond Capital Blog

As a business owner, a challenging job market can make it difficult to find (and retain) good workers. Here are 10 tips for navigating a tricky employment climate. The post How to Find Workers in a Challenging Job Market appeared first on Fast Capital 360.

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What To Do if Your Application Is Declined

Headway Capital

Funding is essential to running a small business. Whether you’re just starting out or looking to grow, having the right. The post What To Do if Your Application Is Declined appeared first on Headway Capital Blog.

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How to create a credit risk rating system

Abrigo

Develop a credit risk rating system. Having an internally developed risk rating system is common. Here are some best practices on the creation process. You might also like this webinar, "Position yourself for high-yielding ag loan growth." WATCH . Credit risk rating. Start with the basics. For banks and credit unions, a popular tool to monitor credit risk is a standardized risk rating system, which can serve several purposes.

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What To Do if Your Application Is Declined

The Business Backer

Funding is essential to running a small business. Whether you’re just starting out or looking to grow, having the right. The post What To Do if Your Application Is Declined appeared first on The Business Backer.

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Product: FS2 Credit

Serrala

Product: FS2 Credit nv Mon, 08/29/2022 - 11:43 Innovative Credit Risk Management Software for SAP Credit Management col-md-4 Home Optimized Credit Risk Management for SAP Instant Visibility and Proactive Credit Risk Mitigation with FS² Credit Are your credit clerks still spending most of their time data sourcing instead of analyzing relevant credit data in real-time?

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A Note from Jeff Johnson

Professional Credit

August 24, 2022. Times continue to change and challenge even the healthiest businesses, but one constant remains the same. That constant is Professional Credit’s commitment to making the collection and recovery process on past due balances easier for consumers, easier for clients and a better value for all. Easier for Consumers : Professional is known for its exceptionally kind interactions with consumers which produces positive results.

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What Are the Different Types of Business Organizations?

Beyond Capital Blog

Here are the most common business organizations and how they can impact you, your partners, earnings and business’s legacy. The post What Are the Different Types of Business Organizations? appeared first on Fast Capital 360.

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Flawless Execution of Professional Billing for Northern Regional Hospital

SSI Healthcare Rev Cycle Solutions

Flawless Execution of Professional Billing for Northern Regional Hospital. August 24, 2022. August 24, 2022. Northern Regional Hospital is a leading provider of quality, affordable medical care, serving patients in Mount Airy, NC, and surrounding regions since 1953. The hospital features comprehensive healthcare solutions for an expansive range of specialties, including state-of-the-art emergency, diagnostics, and surgery centers.

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