Your Virtual Credit Manager

NOVEMBER 25, 2024

A major cause of delinquent receivables stems from failing to meet the customer’s invoicing requirements. A government agency, big box retailer or other large customer often has invoicing requirements that may differ from the industry norm. Your average customer also has minimal requirements that must be met. Another cause of late payments, the longer you take to deliver invoices to your customers, the longer it will take them to send you the payment.

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Credit and Collections Credit Management Default Small Businesses 130

RevCycle

NOVEMBER 27, 2024

Medicare presents both opportunities and challenges for healthcare providers, with reimbursement management being the primary focal point. With complex regulations, evolving policies, and an intricate reimbursement structure, maximizing Medicare reimbursements is critical for the financial health of practices, clinics, and hospitals. In this blog post, we’ll explore practical strategies healthcare providers can use to optimize their Medicare reimbursements.

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RMAi Blog

NOVEMBER 25, 2024

TrueAccord is at the forefront of defending litigation related to digital communications in debt collection and its recent victory in the Southern District of Florida is a resounding victory for digital channels in our industry. In Quinn-Davis v. TrueAccord , the court grappled with the concept of timing in order to figure out when an email is considered inconvenient under both the Federal Debt Collection Practices Act (FDCPA) and the Florida Debt Collection Practices Act (FCCPA).

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Collector Debt Collections 130

Due

NOVEMBER 26, 2024

A Massachusetts man has pleaded guilty to dog fighting crimes, which could result in a $250,000 fine and a five-year prison sentence. The man in question, John D. Murphy, pleaded guilty to “nine counts of possessing animals for use in an animal fighting venture,” said the Justice Department report, which is a direct violation of the federal Animal Welfare Act.

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Accounting Department

NOVEMBER 28, 2024

This year we're especially thankful for our clients and our team - it is their collective energy, positivity, and dedication to success that has made this such a great year.

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Enterprise Recovery

NOVEMBER 25, 2024

One of the most challenging parts of starting a business or working independently is deciding on your rates. After that, you must negotiate contract terms with your clients, including asking to get paid for your work. Navigating the complex world of B2B payments can be daunting for business owners, but mastering effective negotiation strategies can ensure you always get paid for your hard work.

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NOVEMBER 26, 2024

By 2026, it’s estimated that 47% of employers will include some form of employee financial wellness programs in their benefits packages. While many people agree that these types of benefits are valuable and help improve employee engagement, only 12% of employees take full advantage of them for one reason or another. In this somewhat chaotic economic climate, with rising housing and food costs , managing personal finances can feel overwhelming, so don’t overlook these valuable benefits.

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Accounting Department

NOVEMBER 27, 2024

For any business owner, prioritizing the company’s future is essential. Financial planning plays a crucial role in this, enabling business owners to drive growth and broaden their operations. If a business owner hasn’t focused on this aspect, they need to understand what it is, what it does, and how it differs from regular accounting. What Is FP&A?

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Accounting Firms Small Businesses 79

Cpcmcredit Blog

NOVEMBER 28, 2024

There has been considerable publicity surrounding the tax changes for the farming sector and there is no real requirement to revisit them here. Its a sector which drives up emotions with many having a somewhat romantic view of the industry whilst others feeling hostility to a sector which appears to constantly have a grievance SMEs are seen as somewhat under the radar and of course encompass every sector imaginable.

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Credibly

NOVEMBER 27, 2024

Table of Contents What businesses count as a minority business enterprise ? The 3 small business loans for minorities and top 3 top financing opportunities for minority businesses enterprises (MBEs) Alternatives to traditional loans Ready to take the next step with your business?  Like all business funding, securing funding as a minority business enterprise (MBE) can be an uphill battle, even as the number of MBE owners continues to rise.

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Due

NOVEMBER 29, 2024

For retirees, managing digital assets introduces challenges beyond traditional financial planning. Many are less familiar with the technology required to store and secure cryptocurrencies, leaving them vulnerable to cyberattacks, scams, and even accidental errors. Unlike traditional investments, cryptocurrencies demand unique security measures to protect against theft, fraud, and accidental loss, making secure storage an essential consideration for retirees.

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Transactions Cybersecurity 52

lsq

NOVEMBER 27, 2024

ORLANDO, Fla. (December 2, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $12 million accounts receivable credit facility for a Minnesota-based apparel company. As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.

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Credit and Collections Bankruptcy Credit Management 52

Cpcmcredit Blog

NOVEMBER 28, 2024

Into Administration… In many ways, this is an interesting example off business failure because the appeal of new Tourist attractions are notoriously hard to predict and yet the infrastructure can be immovable. For instance, if no new buyer for the tower cannot be found (and its difficult to imagine how the requisite 50% increase in customers will be found), how practical will it be to dismantle it or will it remain in situ as a modern version of the decayed west pier?

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blue dot counseling

NOVEMBER 25, 2024

It is not good enough for the accountant to use accrued income to save the day - no-one ever got paid for accrued income! The post Business processes – get them right and make more money appeared first on Blue Dot Consulting.

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Due

NOVEMBER 28, 2024

According to recent data, Thanksgiving online sales are up 4% compared to last year. Reuters reported that Salesforce Inc. created the data report, which showed that retailers are experiencing a slight bump in items sold this holiday season. Black Friday and Cyber Monday are always very interesting times for online shoppers, with deals hunted high and low across the weekend.

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TMC Financing

NOVEMBER 26, 2024

For Paula Chang and Michael Cheung, the husband-and-wife owners of Tinkering Monkey, owning their own space was the key to unlocking new levels of success for their innovative architectural signage. The post How SBA 504 Financing from TMC Financing Empowered Tinkering Monkey’s Growth appeared first on TMC Financing.

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Small Businesses 52

Cpcmcredit Blog

NOVEMBER 27, 2024

Hampshire Community bank has fallen into administration having not been able to extend its ‘retail’ offering. The accounts that can be accessed are far from substantial and its clear that the growth since inception in 2017 has been less than anticipated Thats clearly a pity but does this example signal that “community” banking lending to local businesses and ploughing profits back into the community, is a model which cannot work?

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Emagia

NOVEMBER 26, 2024

In today’s digital landscape, financial firms are increasingly leveraging artificial intelligence (AI) to enhance efficiency and accuracy in document processing. Implementing AI in finance, particularly for document processing, can transform traditional workflows, reduce human error, and improve compliance. However, a smooth transition requires careful planning and execution.

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Due

NOVEMBER 28, 2024

In recent years, long-term care insurance has gained significant traction, especially with an aging population becoming increasingly concerned about the future of their healthcare needs. With various companies offering different policies, it can be challenging to identify the best providers. The long-term care insurance market has led to the recognition of three frontrunners in the sector: Nationwide, Mutual of Omaha, and New York Life.

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Insurance Companies 52

Team Financial Group

NOVEMBER 25, 2024

Timing can make a huge difference when it comes to equipment purchases. Section 179 tax deductions can provide one potential savings opportunity, but you will want to act before the end of 2024 to reap the most benefit from it. Section 179 might seem complex at first, but knowing its specifics can be rewarding. This article will outline what Section 179 is, who can qualify for deductions, and why future changes might make 2024 the best time to take advantage of it.

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Deductions 52

NorthOne

NOVEMBER 25, 2024

The rise of freelance work and self-employment has created unique challenges that traditional banks can often overlook. These institutions often fail to accommodate the irregular income, complex tax needs and. The post Lili Business Banking Review 2024 appeared first on North One Blog.

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lsq

NOVEMBER 25, 2024

In an increasingly unpredictable economic landscape, understanding and managing financial risk is critical to business success. Join us for an insightful webinar, “Navigating Financial Uncertainties: Strategies for Risk Assessment and Mitigation,” where industry experts will explore what financial risk entails and the potential impacts it can have on your business’s stability and growth.

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Due

NOVEMBER 27, 2024

Many look forward to cozy family gatherings, festive meals, and gift exchanges as the holiday season approaches. Inflation , however, is straining holiday budgets across the country. According to a recent survey from WalletHub , 68% of people expect Santa to be less generous this year. Due to this, they are adjusting their spending, taking on credit cards, and trying new ways to manage holiday expenses.

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TreviPay

NOVEMBER 25, 2024

The right technology helps you remove friction from your order-to-cash process. Managing an effective, technology-driven payments strategy requires understanding payments complexity. TreviPay has the solutions to help you uncomplicate your order-to-cash process. “6 Ways to Bring Order to Your Order-to-Cash,” explores actionable strategies to optimize each stage of your O2C processes.

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Order to Cash 52

NorthOne

NOVEMBER 25, 2024

Choosing the right business banking solution is crucial for the success of any company. A reliable platform can streamline cash flow management, reduce unnecessary fees, and provide robust tools to. The post Relay Business Banking Review 2024 appeared first on North One Blog.

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Credit Tools

NOVEMBER 25, 2024

In this second episode, we look at the major transformations of credit management in France over the last few decades. Scarlett FAVRE-VERAND shares her experience and her point of view on key.

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Credit Management 52

Due

NOVEMBER 27, 2024

In a recent interview, Joe Davis, the founder of FATJOE, shared valuable insights into his journey of building a successful SEO agency that serves marketing agencies worldwide. With over 12 years of experience in the industry, Davis offers a unique perspective on entrepreneurship, team building, and effective SEO strategies. SEO Strategies: The Birth of FATJOE Davis started FATJOE about 12 years ago to address a gap in the market for reliable outsourcing solutions in the marketing industry.

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Gaviti

NOVEMBER 24, 2024

The sooner your business collects on its invoices, the lower your financial risks and the better your financial position. That means your accounts receivable team will want to do everything in its power to increase cash flow and reduce your DSO. One of the fastest ways to do this is via collections process automation to streamline the A/R process, eliminate manual tasks, and ensure timely follow-up with customers. 6 Steps to Automate Payment Collections for Your Business Smoothly Once your compa

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Credit and Collections DSO Average Days Delinquent Collection Effectiveness Index 52

NorthOne

NOVEMBER 25, 2024

In the world of business, every penny counts. This is true whether you’re a small startup saving your first profits or a seasoned pro expanding your financial reserves. Selecting the. The post 5 Best Business Savings Accounts in 2024 appeared first on North One Blog.

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biz2credit

NOVEMBER 27, 2024

American Express partnered with the Small Business Administration (SBA) and created Small Business Saturday in 2010, and it has been a staple for small businesses to attract new customers. In 2023, consumers spent a whopping $17 billion in their communities on a single day. Immediately following Black Friday, Saturday, November 30, 2024 could bring in over $20 billion in sales to local businesses.

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Small Businesses 49