Your Virtual Credit Manager

OCTOBER 24, 2023

As with any other task, some people are better at debt collections than others. The good news. everybody can improve! This includes people who are not comfortable in a collection role, which is a common situation in smaller organizations, especially for those that doesn’t have formal credit and collections training or experience. (Photo by Jo Coenen - Studio Dries 2.6 on Unsplash ) After observing top notch collectors doing their job you might come to the conclusion that personality is cri

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Collector Credit and Collections B2B Credit Debt Collections 130

Chaser

OCTOBER 24, 2023

Late payments have become a common challenge for businesses worldwide, especially for SMEs. Research indicates that 87% of businesses are typically paid late (Chaser, 2022). These late payments can have a detrimental effect on businesses, forcing as many as 50,000 businesses in the UK alone to cease operations every year, as highlighted by the FSB. Chaser, the market-leading accounts receivable solution, is committed to helping businesses combat late payments, and by utilising Chaser's receivabl

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Lendio

OCTOBER 26, 2023

A traditional business loan can be difficult to get without collateral. Many lenders may be unwilling to approve you for a business loan unless you can offer some sort of asset—such as real estate or equipment—which you agree to surrender if you’re unable to repay the funds you borrow. However, not all borrowers have assets to provide as collateral.

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Small Businesses Credit Scoring Credit and Collections Default 97

Gaviti

OCTOBER 23, 2023

As the global economic situation fuels business uncertainty, many companies are experiencing a much slower cash flow than they would prefer, a result of late payments from customers. From cash flow issues to inefficient payment processes and the inability to choose from a variety of payment methods, B2B companies face a number of challenges with regards to the timely payments of invoices.

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Credit Scoring Credit and Collections Credit Application Bankruptcy 97

Due

OCTOBER 21, 2023

I don’t think it’s that impossible to make $10,000 in a week or month. What is your chance of making that much money in 24 hours, though? Sure. It’s a daunting task. Nevertheless, it is possible. I know what you’re thinking. Indeed, you would have to do something illegal or terrible to make that kind of money. There are, however, ways to make it happen with hard work, luck, or a high-paying job.

Credit and Collections 95

Credit and Collections 95

Chaser

OCTOBER 25, 2023

Siloing your sales and AR (Accounts Receivable) teams can harm your business. A lack of communication between these two integral departments can result in missed opportunities, delayed payments, and, ultimately, lost revenue.

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FundThrough

OCTOBER 27, 2023

Cash flow issues can feel like an uphill battle for many business owners, especially when you’re waiting on unpaid invoices. We get it – as both both finance leaders and entrepreneurs ourselves, we know all too well how cash flow can make or break a business. As traditional methods like lines of credit become more […] The post Invoice Financing: Breaking Down the Basics and Real-World Success Stories appeared first on FundThrough.

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Accounting Department

OCTOBER 26, 2023

Our team rounded out another successful year of EO events last week while attending EO Nerve. ADC Business Development Representative, Shawn Marcum, and Content Manager, Mike DeFusco, attended the multi-day event in Tampa, FL.

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Credit Management Group UK

OCTOBER 27, 2023

“Credit Management Group UK are celebrating 20 years in business this October” We would like to thank the team for their hard work, innovation, and leadership helping the business overcome challenges and achieve great things over the last 20 years. Our clients have been fundamental to our growth and we look forward to many more years of working with you all in the future.

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Credit Management 74

Loomis Sayles Credit Research

OCTOBER 24, 2023

We believe corporate health is on the mend. The latest results from the CANDIs , [i] proprietary diffusion indices that incorporate the views of our corporate credit analysts, indicate that aggregate corporate health is broadly improving and approaching neutral levels. Our analysts currently see positive trends in pricing power, profit margins, and their overall outlook, up from weak levels six months ago.

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Credit Risk 67

Emagia

OCTOBER 27, 2023

The increasing use of generative AI (GenAI) – a key technology driving the exponential transformation of finance and business landscapes – is drastically changing the receivable collection tasks, making a greater impact on the cash flow and therefore the health of organizations. Gen AI presents a unique opportunity for CFOs, treasury leaders, senior-level credit professionals, and sales and business heads to leverage its power to address complex financial challenges.

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Credit and Collections Cash Applicator Current Receivables 64

Accounting Department

OCTOBER 24, 2023

Managing the financial aspects of a business is a critical task that demands accuracy, expertise, and time. As your business grows, so does the complexity of your financial transactions, leaving you with less time to focus on core operations.

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Transactions Small Businesses 89

Reorg Blog

OCTOBER 27, 2023

Credit Research: Rob Sommers, JD, CFAAmericas Covenants: Mitch Oates, JD Summary The macroeconomic holiday from history is over, and volatility - economic and political - is back.

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Chaser

OCTOBER 26, 2023

In today's business world, offering credit has become common among companies of all sizes. It allows businesses to attract and retain customers, increase sales, and ultimately stay competitive in the market. However, extending credit also comes with risks that can harm a company's financial stability. The dilemma for businesses then becomes finding the balance between offering credit to customers while minimising the risks involved.

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Credit Management 59

Due

OCTOBER 24, 2023

October 24, 2023 – Stock analysis of Microsoft and Google earnings report Are you nervous? You should be. Your two favorite children are bringing home their report cards after school today. Earlier this year, one of those two report cards was so good you gave that child an extra 150 billion in allowance on the spot. You guessed it. That child was Microsoft.

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Accounting Department

OCTOBER 27, 2023

Join your host, Kevin Drye, and Director of Marketing, Andrea Boccard, as they take a deep dive into the art of appreciating your workforce.

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Reorg Blog

OCTOBER 24, 2023

Stonegate Pubs has had its ups and downs lately. Just as it was recovering from the effects of the Covid crisis, it was hit by a rainy summer in 2023 punctuated by train strikes and high energy costs - not a good thing for the hospitality industry. The group recently announced its results, with revenue in the 40-week period ended July 2 up 7.9% from the same period a year earlier.

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blue dot counseling

OCTOBER 22, 2023

I can’t have the business I want…… because of the business I’ve got! This was the odd but striking conclusion of a meeting with the MD of a ten year old business who was looking for help with the financial management of his company. We were looking at an analysis of revenue by client and he […] The post I can’t have the business I want…… because of the business I’ve got!

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ForwardAI

OCTOBER 27, 2023

Our CEO, Nick Chandi , sat down with Kate Josephine Johnson from The Bookkeeping Side Hustle and shared valuable insights into the transformative power of their real-time payment platform for small businesses. Chandi highlighted how Forwardly stands out in addressing cash flow challenges, emphasizing its ability to make funds instantly available once a payment is received—a game changer for businesses accustomed to traditional, slower payment methods.

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Small Businesses 52

Inc. Authority

OCTOBER 27, 2023

Forming an LLC in Mississippi provides benefits like personal liability protection, potential tax advantages, and flexible management options. Here’s a detailed guide to creating an LLC in Mississippi: Save Time, Save Money, Why Risk it & Do it Yourself? -> … Continue reading → The post How to Create a Mississippi LLC: A Step-by-Step Do It Yourself (DIY) Guide appeared first on Inc Authority.

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Reorg Blog

OCTOBER 24, 2023

Following today’s announcement of by Strategic Value Partners, or SVP’s, planned acquisition of the shares of German car park operator Apcoa from majority shareholder Centerbridge and the other minority shareholders, noteholders might be wondering whether a change of control put right at 101% will be triggered under the group's existing €685 million of senior secured notes due 2027.

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blue dot counseling

OCTOBER 26, 2023

From the board of directors down, does everyone know how to do their job to make sure that the numbers are right and are produced in time to be useful? The post Is your finance team fit for purpose? appeared first on Blue Dot Consulting.

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Lendio

OCTOBER 27, 2023

Starting a business can be a daunting task, especially if you lack the capital to get it off the ground. Finding the funding to start a business is one of the biggest hurdles you’ll face as a small business owner. According to a Lendio survey , 54% of SMB owners started their business with personal funds with 79% needing less than $100,000 to start their business and 43% needing less than $10,000.Fortunately, there are plenty of funding options available to help you get started.

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Credit Unions Small Businesses Credit Scoring Transactions 52

Due

OCTOBER 27, 2023

About 62 million of the 135 million e-filed in the US during the 2023 tax season were self-prepared. It shows the extent to which the people in the United States want to be well-versed in financing skills. Besides, personal financing is no joke. When it comes to managing your money effectively, you might sometimes need professional help, while sometimes you can handle things yourself.

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Credit Scoring Deductions 52

Reorg Blog

OCTOBER 23, 2023

The post Legal Analysis: Hong Kong Court Looks to Overcome Challenge Around HK Appointed Liquidators Controlling Intermediate Offshore Subs Under Typical Chinese Group Structure, Finds Common Law ‘Sufficiently Flexible’ to Reflect Commercial Practice, COMI Recognition appeared first on Reorg.

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Bankruptcy 59

Biz2X

OCTOBER 26, 2023

Reading Time: 3 minutes Digital lending platforms are ushering in a profound transformation for lenders of all stripes, including community banks, credit unions, and traditional banking institutions. These advanced technologies, underpinned by artificial intelligence (AI), are redefining the lending process, enhancing efficiency, precision, risk management, and lending capacity.

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Default Credit Unions Credit Scoring Small Businesses 52

Lendio

OCTOBER 27, 2023

Cash flow financing can be a vital lifeline for your business during precarious moments, helping you navigate temporary cash crunches or seize golden opportunities. Understanding the nuts and bolts of cash flow loans can give your business the edge it needs to stay afloat and grow. So let’s dive in and explore how this financing option works. What are cash flow loans?

Credit and Collections 52

Credit and Collections Credit Scoring Default Small Businesses 52

Due

OCTOBER 27, 2023

If you, like so many young people today, are dreaming about the freedom and independence of the life of an early retiree, there are some questions you are probably asking yourself. How much savings do you really need to retire early? How come people doubt that even a million dollars is enough to provide for an early retiree for the rest of their life?

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Reorg Blog

OCTOBER 23, 2023

The post Asset Sale Analysis: Pro-Gest Asset Disposal Plan Likely Insufficient to Deal With 2024 Bonds; Market-Based Multiples Suggest €300M Fair Value for Mantova, Maranello Assets appeared first on Reorg.

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Biz2X

OCTOBER 26, 2023

Reading Time: 3 minutes Digital lending platforms are ushering in a profound transformation for lenders of all stripes, including community banks, credit unions, and traditional banking institutions. These advanced technologies, underpinned by artificial intelligence (AI), are redefining the lending process, enhancing efficiency, precision, risk management, and lending capacity.

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Default Credit Unions Credit Scoring Small Businesses 52