Your Virtual Credit Manager

DECEMBER 19, 2023

If you are an executive at a small or mid-sized business, chances are you are in the process of putting together a budget for 2024, or have already done so. As part of that budget, you have likely made some accommodation for your accounts receivable (AR), probably in the form of a Days Sales Outstanding (DSO) objective based on past performance. Maybe you have factored in an incremental improvement in DSO, but how much thought have you given to how you are going to meet that budgeted goal?

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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.

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Shared Service Transactions 116

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.

Accounts Receivable (AR) 105

Accounts Receivable (AR) AR Reporting 105

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.

Credit and Collections 105

Credit and Collections Debt Collections Credit Management Credit Risk 105

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.

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DECEMBER 22, 2023

While the past several years of historically low-interest rates helped support a red-hot market for companies being sold or raising money at soaring valuations, there have more recently been hiccups in the road brought about by interest rates hitting their highest levels in more than two decades. The higher rate environment has created headwinds in capital markets, impacting venture funding, lending, and mergers and acquisitions.

Accounting Firms 102

Accounting Firms Small Businesses Transactions 102

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.

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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.

Debt Collections 95

Debt Collections 95

Due

DECEMBER 21, 2023

Ideally, you’ll start planning and saving for retirement decades before you actually retire. And during retirement, you’ll need to think carefully about how you manage your finances and how you take care of yourself to ensure you don’t outlive your savings. But what should you be doing in the five years or so before you retire, to make sure your retirement is a successful, financially bountiful, comfortable one?

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Abrigo

DECEMBER 22, 2023

The most-read portfolio risk blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. You might also like this webinar, "Unraveling risk rating: Making sense of your best early warning tool." Watch NOW Takeaway 1 Portfolio risk and accounting professionals often keep up to date on industry trends by reading Abrigo's blog.

CECL 88

CECL Credit Unions Default Credit Risk 88

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.

Credit and Collections 90

Credit and Collections Credit Management 90

Accounting Department

DECEMBER 21, 2023

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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DECEMBER 16, 2023

Entrepreneurship involves numbers. It’s as simple as that. However, the way each entrepreneur interacts with numbers, especially when it comes to finances, varies from one individual to the next. Even billionaires like Richard Branson have their struggles. Branson is dyslexic and struggled to grasp the difference between terms like net and gross. And yet, the man has built one of the biggest business empires in Europe.

Small Businesses 98

Small Businesses Transactions 98

Abrigo

DECEMBER 22, 2023

The most popular financial crime blogs in 2023 Check fraud, the SAFER Banking Act, and BSA exam topics were among Abrigo's top blogs on AML/CFT and fraud this year. You might also like this infographic on the true costs of fraud at financial institutions. Download now Takeaway 1 AML/CFT and fraud professionals often keep up to date on industry trends by reading Abrigo's blog.

Credit Unions 88

Credit Unions Cybersecurity 88

Plooto

DECEMBER 20, 2023

Enterprise-quality software is now within reach for growing businesses and accounting firms.

Accounting Firms 105

Accounting Firms 105

Reorg Blog

DECEMBER 22, 2023

Reorg is launching a quarterly global report focused on the gaming sector, highlighting key data points and developments relevant to high-yield and leveraged loan issuers. To see the report in a print-friendly format, click HERE. A relative value discussion will follow.

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blue dot counseling

DECEMBER 22, 2023

The second bank account is incredibly useful because inevitably it means there is less money in the main bank account and this is a great indicator of how profitable your business really is. The post Cashflow and upfront payments – do not think you are richer than you are! appeared first on Blue Dot Consulting.

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Bad Debt Credit Management 52

Abrigo

DECEMBER 18, 2023

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. You might also like this webinar on credit department housekeeping. WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters.

Credit Unions 88

Credit Unions Credit Risk Insurance Companies Small Businesses 88

Chaser

DECEMBER 21, 2023

It's that time of the year again, and at Chaser, we're embracing the festive spirit in a virtual setting! From the Ukraine, Philippines, Portugal and all around the UK, the Christmas Partner at Chaser is one not to miss!

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Reorg Blog

DECEMBER 19, 2023

It has been four years since the Muddy Waters short-seller report on NMC Healthcare was published, leading to a collapse of the group’s London-listed shares, allegations of financial fraud, and the implementation of the largest restructuring ever undertaken in the Abu Dhabi Global Market, or ADGM, Courts.NMC’s restructuring was groundbreaking not only in its size, but also in the novel use of restructuring technology, cross-border recognition and court cooperation.

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blue dot counseling

DECEMBER 20, 2023

Outsourced accounting has been with us for many years, at all levels from the freelance bookkeeper to the interim Finance Director. No change there, but technology is making outsourced accounting much easier to buy and to deliver. The post Outsourced accounting – the way of the world appeared first on Blue Dot Consulting.

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SSI Healthcare Rev Cycle Solutions

DECEMBER 21, 2023

The Evolution of Medical Billing Clearinghouse Vendors in Revenue Cycle Management: Spotlight on The SSI Group, LLC (SSI) Home / December 20, 2023 Author: Christy Wright, CMO at The SSI Group, LLC In the intricate tapestry of healthcare finance, the journey of a medical claim from inception to resolution is critical. Here, providers, payers, and patients engage in the complex dance of bills, claims, and reimbursements, creating a rhythm that underpins the entire healthcare delivery system.

Medical Billing 52

Medical Billing Insurance Companies Transactions 52

Due

DECEMBER 21, 2023

We all wish for those extra years, but what’s the point if we’re not taking care of ourselves? Without a solid healthcare plan, living longer might turn into a burden. As you age, heathcare costs can eat up a big chunk of your spending, and that’s not the retirement dream anyone has in mind. One study showed that between 2009 and 2019, out-of-pocket healthcare costs for adults over age 65 rose by 41% to well over $6,000 a year.

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Medical Billing Insurance Companies Bankruptcy Deductions 52

Reorg Blog

DECEMBER 21, 2023

The post Direct Lending Pipeline Picks up in H2 2023 Reversing H1 Trend; Adevinta Sets Precedent for Pricing and Terms on Large Cov-Lite Unitranche Deals appeared first on Reorg.

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Emagia

DECEMBER 19, 2023

Financial Planning and Analysis (FP&A), which includes forecasting and budgeting, has evolved significantly from the days when finance teams used to spend days with paper records to tirelessly compile data from disparate paper records and create operating plans and budgets. A single error or change could mean the need to take days revisiting and revising work, all from scratch.

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Dashboards 52

blue dot counseling

DECEMBER 19, 2023

Bookkeeping and accounting are not for everyone and often it's better to outsource some or all of your bookkeeping so you know it's being done well and to ensure you're getting the financial information you need in order to run and grow your business profitably. The post Outsource QuickBooks bookkeeping appeared first on Blue Dot Consulting.

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DECEMBER 20, 2023

Mastermind groups possess the power to propel individuals to new heights of success by connecting them with like-minded peers. These supportive environments often lead to life-changing breakthroughs. Today I share my personal experience with Mastermind groups and how they helped me scale my business and personal development. Joining the strategic coach Myjourney began when I joined the Strategic Coach, a business coaching program designed specifically for high-income earners.

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Reorg Blog

DECEMBER 21, 2023

The post Litigation Coverage: Kenvue, Procter & Gamble, GSK, Retailers Face New Multidistrict Litigation Proceeding After FDA Panel Questions Efficacy of Phenylephrine-Based Decongestants appeared first on Reorg.

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Commercial Lending

DECEMBER 19, 2023

What a rollercoaster of a year 2023 has been. So much has happened in the commercial financing world it is hard to summarize it all. Now that we are in the final days of December, we hope to bring some perspective to what has certainly been a crazy year in the banking world and set some expectations for 2024. The Outlook for 2024: We do believe the Federal Reserve will lower interest rates next year, and that will bring down short-term interest rates tied to the Prime rate.

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Plooto

DECEMBER 19, 2023

Helping businesses work through their complex accounting needs is what LiveCA does best. Leveraging technology that streamlines processes and communication makes this possible. Plooto has enabled LiveCA to manage payments at scale for all their clients from a single online platform that seamlessly integrates with their current accounting software and offers reliable client communication.

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