Know-It Global
NOVEMBER 13, 2024
As a business owner or finance professional, one of the most frustrating situations you can encounter is a customer who refuses to pay their invoice. Whether it’s due to cash flow issues, a dispute over the goods or services provided, or just plain unwillingness to settle, unpaid invoices can significantly impact your business’s cash flow and bottom line.
Credit Research Foundation
NOVEMBER 15, 2024
For over 75 years the Credit Research Foundation (CRF) has supported Credit Executives in the business-to-business (B2B) world based on two primary principles: (1) provide quality, comprehensive education from “the basics” to the senior credit executive level, and (2) provide an atmosphere that fosters networking with like-minded individuals – the most influential credit and risk management professionals in the industry.
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RMAi Blog
NOVEMBER 15, 2024
A recent issue has arisen pertaining to objections to Proof of Claims in bankruptcy cases filed in the Western District of North Carolina. RMAI recommends that our members consult with their legal counsel on how best to address the issue as it pertains to their organizations. Specifically, there has been an increase in the number of objections to claims being filed in cases where there is a joint bankruptcy and particularly in cases where the property is held by the tenancy in the entireties.
Your Virtual Credit Manager
NOVEMBER 12, 2024
Monitoring and evaluating the credit risk posed by public companies and other large firms differs significantly in comparison to small and mid-sized businesses. While the principals of credit are the same for businesses of every size, there is a lot more information on the big guys making it easier to see any red flags that suggest they are in trouble.
Due
NOVEMBER 10, 2024
A Russian-Swedish national has been sentenced to a jail term for the operation of the longest-running Bitcoin money laundering service on the darknet that processed nearly $500m in funds. For more than ten years, Roman Sterlingov’s platform and service were seen as the go-to money laundering service for criminals seeking to “wash” their ill-gotten gains tied to illegal narcotics, computer crimes, identity theft, and child sexual abuse material.
Accounting Department
NOVEMBER 14, 2024
Last week, AccountingDepartment.com Co-Founder, Bill Gerber, and Business Development Representative, Shawn Marcum hit the road and attended the Genius Network Annual Event in Scottsdale, AZ.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Enterprise Recovery
NOVEMBER 15, 2024
Following up on past-due invoices and delinquent accounts can be a full-time job. However, it is invaluable to your business's bottom line. If you're considering outsourcing debt collections or handling them in-house, this post can help clarify the benefits of outsourcing. Outsourcing B2B debt collection can transform your financial operations by bringing in expertise, reducing costs, and freeing up valuable internal resources.
Due
NOVEMBER 13, 2024
A Wisconsin pizza parlor has been fined for underage workers cleaning meat grinders, cleaning hot ovens, and working overtime. The Department of Labor found that Ironbluebear Inc. (Ironblubear), operator of Pizza Parlor, must pay $99,882 in civil money penalties for violating child labor standards. Federal labor laws are strict about the hours young employees can work and the situations in which they can be placed.
Accounting Department
NOVEMBER 13, 2024
Opting for outsourced client accounting services can significantly conserve time and resources for your business. Nevertheless, locating a reliable outsourcing partner can be difficult. But how can you be sure you’re choosing an outsourced accounting service you can trust? A few characteristics of trustworthy, competent, and reliable accounting services will help you know the provider you chose is the right one.
Abrigo
NOVEMBER 13, 2024
This article covers these key topics: Debt-service coverage ratios are steady. Leveraged has improved since 2019. Businesses' working capital cycles are longer. Interest coverage ratios have stayed strong. How lenders can leverage this data. Bank and credit union leaders can use data to inform small business lending Small businesses are showing resilience.
Collenda
NOVEMBER 13, 2024
Aryza Expands Partnership with GoCardless to Enhance Payment Solutions Aryza Group, a leading provider of financial software solutions, announces the expansion of its partnership with GoCardless , a global bank payment company. This collaboration transforms the existing technology relationship into a comprehensive partnership that includes an introducer agreement across all Aryza platforms globally.
Due
NOVEMBER 10, 2024
For years, customer service has frustrated both businesses and consumers. Long wait times, disjointed communication, and inconsistent service have dissatisfied many customers, creating significant costs for companies. Despite digital transformation promises, many contact centers remain inefficient, increasing expenses and eroding customer loyalty. Customer service shortcomings contribute to a $100 billion industry-wide problem.
Chaser
NOVEMBER 13, 2024
Thrilled to share that Chaser has been shortlisted for the Supplier of the Year award at the 2025 CICM British Credit Awards, an accolade that celebrates the most impactful providers in credit management technology.
Credit Tools
NOVEMBER 15, 2024
We are thrilled to share an exclusive interview with Scarlett Favre-Verand, the CEO of Efficash, a consulting firm specializing in credit management. In this captivating conversation, Scarlett takes.
Team Financial Group
NOVEMBER 14, 2024
The road to sustainable business growth is paved with good incremental decisions. It is rare for a business to have all the resources needed to make all the improvements they want at one time. Many improvements require substantial financial investments in equipment or infrastructure, making tiny steps more affordable than giant leaps. The key is choosing steps that are both sustainable and provide greater returns on investment, accelerating the path toward future growth.
Due
NOVEMBER 11, 2024
A Florida roofing company owner and payroll administrator have both pleaded guilty to fraud against the IRS totaling nearly $2.5 million. The court documents and associated statements declare that William Skaggs Jr. owned and operated Nastar Roofing, a Fort Myers roofing company. The office administrator, Billie Adkison, led the company’s payroll and other financial tasks.
Chaser
NOVEMBER 15, 2024
Over 50% of B2B invoiced sales in the US are paid late, impacting the cash flow of businesses of all scales. A demand letter for payment is a simple way to resolve these kinds of payment despites and get the money you are owed.
aptic
NOVEMBER 14, 2024
What is reverse factoring? Reverse factoring is a financing solution that allows suppliers to receive early payments on approved invoices from a buyer, typically through a financial intermediary (the factor), at a lower interest rate based on the buyer’s credit rating. This process enables suppliers to access immediate cash flow while allowing buyers to defer payment until the invoice’s maturity date.
Eastern Credit Management Services
NOVEMBER 13, 2024
Choosing the right debt collection agency is a crucial decision for businesses looking to recover outstanding payments efficiently and professionally. Here’s a guide on what to consider to ensure you’re selecting a reputable agency that meets your needs in Atlantic Canada. 1. Look for Industry Certifications and Memberships A reliable debt collection agency should have recognized certifications that demonstrate its adherence to industry standards.
Due
NOVEMBER 15, 2024
It’s not easy managing money. I know this first-hand because I used to struggle with my finances. Despite how embarrassing it is, as I admit it now, I racked up nearly $30,000 in debt and made poor financial decisions after poor financial decisions. At the time, I didn’t realize how much my choices were limiting me. Now, looking back, I wonder, What was I thinking?
Chaser
NOVEMBER 14, 2024
An Electronic Funds Transfer (EFT) payment is a payment option with unparalleled convenience, efficiency, and versatility for bill payments, online purchases, payroll deposits, and account transfers. Processing times vary, with options like wire transfers for same-day delivery.
Plooto
NOVEMBER 13, 2024
Financial technology can make life easier for you and your accountant. But do you know how much of an impact NOT adopting fintech can have on your business?
Loomis Sayles Credit Research
NOVEMBER 11, 2024
Fiber-optic technology is transforming the way we connect to the internet, and fiber asset-backed securities (fiber ABS) can offer a way for investors to gain exposure to this digital shift. As telecom companies ramp up efforts to expand fiber networks to meet surging demand for high-speed internet, fiber ABS has emerged as a compelling funding solution in the securitized market.
Due
NOVEMBER 14, 2024
The U.S. Department of Labor’s Wage and Hour Division found four California care homes breaching labor laws and shortchanging staff of $863K. The government employment watchdogs recovered $863,860 in back wages and damages for 58 workers employed by four residential care providers in California. A Wage and Hours investigation found these employers guilty of denying them minimum wage, overtime, or both and violating the provisions of the Fair Labor Standards Act.
Chaser
NOVEMBER 11, 2024
Cash from financing (CFF) refers to the net amount of cash generated or used by a company through its financing activities, such as issuing or repaying debt, issuing or repurchasing stock, and paying dividends.
CreditStrong for Business
NOVEMBER 15, 2024
Consumers are generally encouraged to pay extra money to reduce their debts and car loans. Before proceeding to make additional payments toward your car loan, it is important to consider a variety of factors, including your credit history , to ensure it makes sense. Do Extra Payments Go to Principal? In most cases, borrowers should expect that any extra amounts they pay toward their car loan will reduce the principal balance.
blue dot counseling
NOVEMBER 14, 2024
When businesses grow they often outpace their finance function creating an urgent need to improve business accounting. The post Why Your In-House Accounting Team Might Not Be Enough—And How We Can Help appeared first on Blue Dot Consulting.
Due
NOVEMBER 14, 2024
As a last resort, many people file for bankruptcy when they are faced with overwhelming debt. In fact, 486,613 people filed for bankruptcy in 2024 — up 16.2% from the previous year. In addition to 464,553 filings by non-business entities, 22,060 are filings by business entities. However, those nearing retirement or with significant savings wonder how bankruptcy will affect their retirement accounts.
Emagia
NOVEMBER 13, 2024
What is Cash Forecasting? Forecasting cash is the process of estimating future cash flows to ensure a business has adequate funds. This process is crucial for budgeting, planning, and maintaining liquidity. Importance of Forecasting Cash Effective forecasting cash enables businesses to anticipate cash needs, preventing shortfalls and improving decision-making.
CreditStrong for Business
NOVEMBER 15, 2024
As a small business owner, obtaining capital for your business is a top priority. But not all business loans are created equal in terms of what they’re designed to help you do. If you’re looking to purchase equipment to run your business, equipment financing is your best option. Here’s what to know about what equipment financing is, how it works, how much it costs, and the pros and cons to consider before you apply.
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