Fundera

SEPTEMBER 11, 2017

Long after felons have paid their debt to society, most of them face challenges generating a steady income. A study by the Bureau of Justice a few years ago reported just 12.5% of employers are willing to consider job applications from people who have been convicted of a crime. Further adding to the challenge is the limitations of where they can actually work.

Medical Billing 92

Medical Billing Small Businesses 92

Abrigo

SEPTEMBER 14, 2017

By Richard Greene, Clarus Advisors Cash flow is the life’s blood of a business. This is true for the small business and the Fortune 50. Understanding, tracking and controlling your company’s cash inflows and outflows is paramount to running a healthy company. To illustrate the impact collections has on your cash flow , consider this example: daily sales are $10,000 and Accounts Receivable sits at 42 days.

Credit and Collections 76

Credit and Collections Small Businesses 76

Fundera

SEPTEMBER 15, 2017

The Story of The Waxwing from Blackbox Visual on Vimeo. Steph Davies wears many hats : She’s a freelance illustrator, a new mom, and a small business owner. She’s also an advocate for other artists and creative entrepreneurs in her community, helping them build word-of-mouth and attract more business via her shop, The Waxwing. The Waxwing is an artists’ consignment shop based in Milwaukee, Wisconsin.

Small Businesses 85

Small Businesses 85

Fundera

SEPTEMBER 14, 2017

Chances are, you’ve heard or read something about the recent cyberattack on the systems of Equifax, one of the three largest credit reporting bureaus in the country, where crucial identification information of about 143 million U.S. customers was compromised. Equifax released a statement that the cyberattack made vulnerable names, Social Security numbers, birthdates, address, and driver’s license numbers of the credit bureau’s customers, as well as the credit card numbers of around 209,000 consu

Credit Scoring 84

Credit Scoring Small Businesses 84

Fundera

SEPTEMBER 12, 2017

Remember high school math, when you had to memorize dozens of formulas in order to pass the final exam? As an adult, you might have been surprised to discover you actually use some of those formulas in your real life. Most of them, though, have no practical use outside of math class. Fortunately, the most important accounting formulas are both practical and intuitive, making them easy to remember and apply in your business.

78

78

Fundera

SEPTEMBER 15, 2017

In the past few years, Chase has really stepped up their travel credit card game. Whether it’s with the consumer Chase Sapphire Reserve, which earned a place on the cover of Bloomberg Businessweek, or with the business Ink Preferred, which is one of the best credit cards out there for travel signup bonuses, Chase has won their way into our hearts. Here are four ways that Chase’s cards have changed the game for business travelers. 1.

Transactions 75

Transactions 75

Fundera

SEPTEMBER 13, 2017

Few small business of today dare to operate without at least a couple of social media channels. More than 65 million businesses have Facebook local business pages, and Twitter and Instagram are some of the must-use platforms of the day as well. But it might not be enough to simply have these pages anymore. You need to go deeper. One of the increasingly popular trends in social media marketing is “social listening,” or actively tracking conversations around phrases or words—such as your company’s

Small Businesses 64

Small Businesses 64

Fundera

SEPTEMBER 10, 2017

Having a business credit card at your disposal is a no-brainer for any small business owner. But we’re the first to admit it: knowing which credit card is right for your small business isn’t so simple. There are a lot of options out there, and sadly, there isn’t a “catch-all” card for every business owner. Instead, the credit card you use will depend on the type of small business you run.

Small Businesses 62

Small Businesses Credit Card Companies Transactions 62

Abrigo

SEPTEMBER 15, 2017

Credit analysts assign risk ratings with a focus on whether the lending institution will get its money back in full and on time. This forward view is the reason analysts will downgrade on expectations and upgrade on performance. Borrowers do not operate in a vacuum, however, and their environment is often impacted by things beyond their control. “Industry” sums up the factors of supply and demand, competition and substitution that will influence a borrower’s performance.

Credit and Collections 60

Credit and Collections 60

Abrigo

SEPTEMBER 15, 2017

ProfitCents, the Sageworks solution that helps accountants easily translate financial statements into actionable insights for client businesses, has been recognized by Accountex USA as the “User Favorite” for business intelligence. Accountex USA, the only independent accounting technology expo and conference in the U.S., announced the award this week in Boston at its annual U.S. event and said ProfitCents was chosen based on user feedback on the top-tier solutions in the Accountex Accounting Tec

Accounting Firms 60

Accounting Firms 60

Abrigo

SEPTEMBER 14, 2017

Many financial institutions have yet to begin in earnest their preparations for transitioning to the current expected credit model (CECL), a recent poll by Sageworks suggests. More than half of financial professionals attending a webinar this summer, “CECL Transition Planning and Execution,” said their financial institutions have completed none of the following four major activities related to a transition: • Implementing a transition governance structure • Implementing an execution governance s

Credit Unions 60

Credit Unions CECL 60

Abrigo

SEPTEMBER 13, 2017

In the recent Sageworks webinar “Actionable Steps to Prepare for CECL Today,” Neekis Hammond and Jared Mills, advisory services consultants at Sageworks, discuss five actionable steps credit unions can take to prepare for the upcoming CECL regulation. Coordinate departments The first step describes the importance of coordinating with other departments to form a CECL committee.

Credit Unions 60

Credit Unions CECL Credit Scoring 60

Fundera

SEPTEMBER 9, 2017

For many entrepreneurs, it’s not uncommon to eat, breath, and sleep the business. And in today’s world, your social media feeds are unlikely safe from your business brain, too. Especially Instagram—the social media app recently reached 600 million monthly active users with over 8 million business profiles. But Instagram is not just for promoting your business.

Small Businesses 52

Small Businesses 52