Sat.May 11, 2024 - Fri.May 17, 2024

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Selling the Order-to-Cash Transformation

Credit Research Foundation

It’s Your Job to Sell Order-to-Cash Transformation – An Outline to Begin Your Journey Through a recent CRF webinar , I had the pleasure of listening to a former credit practitioner, Sarah-Jayne Martin, share her experiences selling the need to invest in technology at the operational level of an Accounts Receivable organization. What was truly interesting was that it wasn’t just about developing an ROI (return on investment) and placing that in front of a CFO, but to holistically consider impacts

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“Must Have” Metrics for Receivables Management

Your Virtual Credit Manager

Monitoring and tracking cash is a critically important activity for most small businesses (for more on that subject, check out “ Taking the Crystal Ball out of Cash Flow Forecasting ”). Since payment of Accounts Receivables (AR) is the primary source of regular cash inflows for most companies, you need to also track your AR to not only maintain its health as well as to better manage it and ensure maximum cash inflow.

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The Minimalist Approach to Personal Finance: How to Simplify Your Life While Saving Money

Due

It’s no secret that we live in a world obsessed with “more.” But, as Benjamin Franklin said, “Many a man thinks he is buying pleasure when he is really selling himself to it.” However, minimalism offers a refreshing approach to personal finance. Despite the misconception, this isn’t about deprivation or hardship. Rather, it’s about aligning your finances with your values and finding freedom in simplicity.

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Cash Flow Vs Profit: What’s The Difference?

Lendio

What’s the difference between cash flow and profit? As a business owner, these two terms can feel interchangeable. But the truth is, they’re far from it—and knowing when to prioritize one over the other can help you make better strategic decisions in that moment. What is cash flow? Whether you’re just starting a business or have an established brand, you’ll feel the effects of cash flow similarly.

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Navigating the Hidden Costs of Business Decisions: The Crucial Role of Opportunity Cost

Accounting Department

In the dynamic world of entrepreneurship and business management, every decision you make can significantly impact your business's trajectory. Whether it's choosing between investing in new technology or expanding your product line, the choices are endless and often complex.

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Bookkeeping, accounts and tax for a one-person company

blue dot counseling

The hard part about running your own one-person company is not the bookkeeping, accounts and tax – it’s making a profit! But you do need to give some thought to the financials and here’s a one-minute explainer covering many of the important points you should consider. Just press play but pause it if you need […] The post Bookkeeping, accounts and tax for a one-person company appeared first on Blue Dot Consulting.

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The ROI of Outsourcing Your Accounts Receivable

Enterprise Recovery

Outsourcing accounts receivable and collections is a strategic decision that can benefit businesses. By partnering with a collection agency, businesses can offload the time-consuming task of chasing unpaid invoices, allowing them to focus on their core operations. Discover the financial benefits of outsourcing your accounts receivable and how it can positively impact your business's bottom line.

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Optimizing Financial Management through Outsourced Client Accounting Services

Accounting Department

Outsourced client accounting services play a crucial role in helping businesses take control of their financials. These services involve outsourcing the accounting and bookkeeping tasks to a third-party service provider, allowing businesses to focus on their core operations. The role of outsourced client accounting services goes beyond basic bookkeeping; it includes managing accounts payable and receivable, payroll processing, financial reporting, and more.

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Struggling to get paid? Our traning courses can help!

Credit Management Group UK

**June 2024 flash sale** Collection Performance £130 + vat per person Running w/c 24th June 2024 Our Improving Cash Flow courses are beneficial to those new to collections, with no formal training, or to those who view the course as a refresher in credit control, wishing to improve and develop their collection techniques. **Book the Small Claims Court for June and get this course 50% off** Enquire Now Course Delivery The course will be presented via live webinar, this will take place for 1.5 hou

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AI-powered audit preparedness: A 10-point checklist for fast-growing finance teams

Plooto

Experienced accountants are hard-wired to remain audit-ready. But for small and medium-sized businesses (SMBs), are their financial team really prepared to provide detailed financial recordings, having their time monopolized and day-to-day responsibilities disrupted?

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Best Credit Card Processing Companies for Small Businesses

biz2credit

In this article, we cover: What is Credit Card Processing? Does My Business Need Credit Card Processing? Best Credit Card Processing Companies for Small Businesses When it comes to running a business, cash may be king, but plastic dominates most transactions. And because of this, having a seamless payment solution for your small business is … Continue reading "Best Credit Card Processing Companies for Small Businesses" The post Best Credit Card Processing Companies for Small Businesses pub

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Knowing When to Let Go: Delegating for Business Growth | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

Andrea engages in a candid conversation with ADC co-founder Bill Gerber, exploring the pivotal decision-making process behind delegating tasks for business growth.

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Prompt payment policy update - How it impacts your small business | Chaser

Chaser

The Prompt Payment Code protects organisations and their suppliers by establishing regulatory standards for payment. The Code was established in 2008 and has undergone several revisions since then, including the most recently updated standards in April 2024.

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A Retiree’s Guide to Digital Finance: Terms, Tools and Tips

Due

Like it or not, digital technology permeates nearly every financial activity we perform today. The economic landscape—which includes financial services and banking—is shifting to the digital space at an accelerated pace, and things will only move faster in the coming years. Deloitte predicts that by 2025, finance will be highly automated and will double down on fields like financial information and business insights.

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Train driver “shortage”. What does this tell us?

Cpcmcredit Blog

Perhaps inspired by Casey Jones (above), many boys of my age dreamt of being a train driver when they grew up. Admittedly todays electrical units are not as romantic as the steam trains of old but its still a career that surely must be appealing to many people on a variety of levels We are all frustratingly aware that the trade is heavily unionised but that does also mean that drivers conditions are very favourable with relatively high wages and levels of leave.

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Understanding Franchise Fees

biz2credit

Purchasing a franchise comes with a (often costly) franchise fee. And it may have you feeling sticker shock and wondering if you can afford the opportunity. The good news is that franchise fees are a standard part of every franchising business—so if you’re attracted to the business model and have a brand in mind that … Continue reading "Understanding Franchise Fees" The post Understanding Franchise Fees published first on.

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Navigating the New Era of Treasury Management: Harnessing AI for Risk Mitigation and Liquidity Management Amid Uncertainty

Emagia

The global economic landscape of the previous year was fraught with tension, stemming from the collapse of Silicon Valley Bank (SVB), a bank run, and the Fed’s decision to maintain interest rates at historic highs to curb inflation. These events underscored the paramount importance of liquidity management in the corporate sphere, prompting an intensified focus on navigating financial uncertainties.

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Debunking market timing: a comprehensive guide

Due

The world of investment is a complex labyrinth filled with myriad opportunities and pitfalls. One of the most common misconceptions is the belief in the ability to time the market perfectly. However, an old Wall Street adage states, “The stock market timing hall of fame has zero members.” This statement underscores the futility of predicting market movements with absolute certainty.

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Boost debt recovery efficiency with predictive analytics | Chaser

Chaser

Effective debt collection and management strategies are vital to most businesses. Predictive analytics are revolutionizing these aspects of financial management, empowering businesses with invaluable insights from vast amounts of data.

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We’re a small business, I do all the bookkeeping – I just need someone to keep us on the right track

blue dot counseling

From time to time it's worth checking in with your accountant just to make sure everything is in as good a shape as you think it is. The post We’re a small business, I do all the bookkeeping – I just need someone to keep us on the right track appeared first on Blue Dot Consulting.

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Daily Ratings Digest – May 15, 2024

Reorg Blog

Below are excerpts from recently published ratings actions on a selection of companies, including those within Reorg's coverage universe as well as certain leveraged loan borrowers not yet under coverage. Cumulus Media Inc. Ratings Alert: Cumulus Media Inc.

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Investing with Purpose: Impact Investing Opportunities for Retirement Portfolios

Due

Many retirees want to leave the world a better place than the one that existed when they arrived. But that sometimes feels impossible with all the negative headlines about environmental or social issues in the world today. It’s no wonder that impact investing has emerged in recent years as a way for people to align their financial goals with their personal values.

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Which invoice financier has the best online package and which has the worst?

Cpcmcredit Blog

One area which distinguishes certain lenders from others is the quality of their customer interface. Certain clients will view this with varying degrees of importance but in my experience, it’s never a factor to be completely dismissed. Firstly the responsiveness of the telephone interaction is vital, given that invoice financing is an ever evolving facility and here some lenders have varying degrees of responsiveness.

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Maximizing Cash Conversion Cycles: Leveraging Supply Chain Finance for Financial Efficiency

lsq

For any business, efficient cash flow management stands as a cornerstone for sustained growth and prosperity. At the heart of this endeavor lies the cash conversion cycle (CCC), measuring the duration required for a company to transform its investments into sales-generated cash flows. A recent study by Citi underscores the pivotal role of shortening the cash conversion cycle, highlighting supply chain finance as a crucial instrument in achieving this goal.

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Daily Ratings Digest – May 15, 2024

Reorg Blog

Below are excerpts from recently published ratings actions on a selection of companies, including those within Reorg's coverage universe as well as certain leveraged loan borrowers not yet under coverage. Cumulus Media Inc. Ratings Alert: Cumulus Media Inc.

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The Power of Intentionality: The Last Piece of Financial Advice You Will Ever Need

Due

For many people, understanding financial advice can be daunting. The sheer amount of information about budgets, investments , and debt management can be paralyzing. However, what if something was missing, a fundamental shift that simplified everything? Enter the power of intentionality. Intentionality doesn’t have to be as complicated as a financial product or strategy.

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LCF. Auditors and the FCA seemingly cant spot a Ponzi

Cpcmcredit Blog

To make matters worse, the auditors were (once again) big four firms and the FCA was being overseen by Andrew Bailey, now the head of the Bank of England. The FCA who seemingly couldn’t question why a “investment firm” was guaranteeing 8% returns when interest rates were 0.25% Its always 7 or 8% too. Doesn’t it occur to these people that such returns in such a market are impossible to guarantee and hasn’t it piqued their attention that its always pitched at this rat

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Maximizing Cash Conversion Cycles: Leveraging Supply Chain Finance for Financial Efficiency

lsq

For any business, efficient cash flow management stands as a cornerstone for sustained growth and prosperity. At the heart of this endeavor lies the cash conversion cycle (CCC), measuring the duration required for a company to transform its investments into sales-generated cash flows. A recent study by Citi underscores the pivotal role of shortening the cash conversion cycle, highlighting supply chain finance as a crucial instrument in achieving this goal.

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Zayo Discloses Carve-Outs of Strategic Businesses to Be Completed in H2’24; Total Net Leverage Elevated at 9.1x

Reorg Blog

Zayo Group said that planning is underway for the carve-outs into independent entities of its European business and its business that manages customer needs outside of the company's North American and European market.

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Decoding intuition for personal growth

Due

Intuition, a profound aspect of human cognition, is often misunderstood. It’s the ability to understand something instinctively without needing conscious reasoning. That gut feeling guides us through life, helping us make decisions that frequently defy logic. This powerful yet elusive concept is significant in our decision-making processes and can lead to personal growth and fulfillment.

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