Your Virtual Credit Manager
MAY 28, 2024
Imagine that the order-to-cash (O2C) process is a parade. Leading the charge is the sales and customer service teams that bring in the orders. That’s where most of the hoopla occurs. Following them is everybody involved in production, distribution and the delivery of services — the ranks that get the job done. Next comes billing, followed by collections cleaning up all the garbage left by everybody that has gone before.
Due
MAY 27, 2024
Walmart and Capitol One have ended their exclusive consumer credit card offering. The Walmart Consumer Credit Cards deal was devised in 2019 as part of the Capital One Walmart Rewards Credit Card Program. Capitol One and Walmart part ways Today’s news ends the partnership, but little will change for existing Walmart Consumer Credit Card holders.
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Accounting Department
MAY 30, 2024
Last week, AccountingDepartment.com Business Development Representative, Luke Backus, attended the Veteran Entrepreneur Training Symposium (VETS24) in Orlando, Florida.
Lendio
MAY 28, 2024
More than 30% of American small businesses are not approved for at least some of the funding they apply for. Reasons for this can range from operating in a risky industry to a low credit score. But what really shouldn’t be a concern is flubbing the preapproval process by not having the required documentation. If you’re concerned that you might fall into that category, read on—these are the documents you’ll need to apply for a small business loan or other financing.
Grit
MAY 30, 2024
Most marketers use marketing automation software. However, many start using it too soon before they actually need it. Also, many lists of recommended tools include complex and expensive all-in-one platforms that not every marketing team requires. In this article, we explain how to know if your team is ready for comprehensive marketing automation platforms.
Due
MAY 31, 2024
The Department of Labor (DOL) has investigated three Alabama businesses for fraudulent employee recruitment and benefits from child labor breaches. U.S. District Court for the Middle District of Alabama charged Hyundai and the recruitment agency, Best Practice Service, with benefiting from child labor. Hyundai in child labor suit The shocking filing by the DOL was put in place to crack down in “federal court to prevent three Alabama companies, including a Hyundai U.S. assembly and manufacturing
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Credit Management Group UK
MAY 27, 2024
If you have used the County Courts to get a debt paid over the last 12 months, you will be aware the Courts have centralised a lot of the local courts functions resulting in an extensive backlog which, in our experience has resulted in our Client’s debtors becoming insolvent and unable to pay their debts when a claim gets anywhere near a hearing when they may well have had the ability to pay before these changes took place.
Grit
MAY 26, 2024
In today’s fast-paced business world, manual tasks can drag down productivity and efficiency. According to a recent study by Harvard Business Review, more than 90% of workers recently surveyed said automation solutions increased their productivity. This statistic highlights the critical need for companies to adopt workflow automation tools. Workflow softwares can streamline operations, improve collaboration, and boost overall productivity, making them essential for modern B2B businesses.
Accounting Department
MAY 28, 2024
It's summertime at AccountingDepartment.com and we have all sorts of fun things happening! To kick off the summer season this past Memorial Day weekend, we launched our 13th annual ADC Summer Challenge.
Enterprise Recovery
MAY 31, 2024
When reaching out to someone for the first time or following up on a previous message, setting a friendly and positive tone is important. Whether it's a sales email or, in our case, following up about an unpaid invoice, your initial email may dictate how the rest of the transaction will go. Learn how to effectively follow up with others in a polite and professional manner with these subtle techniques.
biz2credit
MAY 30, 2024
Disasters can strike at any time, often without warning, and small businesses are particularly vulnerable to the devastating effects of extreme weather events, infrastructure failures, cyberattacks, and other emergencies. Federal funding in the form of disaster loans is available to help SMBs deal with the aftermath of an emergency. But preparing for these potential disruptions … Continue reading "How to Create a Disaster Recovery Plan for Your Small Business" The post How to Create a Disa
Grit
MAY 26, 2024
Did you know that 78% of business leaders believe that automating tasks in their organization increases the productivity of all stakeholders? As we move further into 2024, the need for workflow automation software has become critical for businesses aiming to streamline operations and enhance efficiency. Workflow automation simplifies tasks, reduces errors, and allows teams to focus on more strategic activities.
Accounting Department
MAY 31, 2024
We are thrilled to announce that Episode 20 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.
Lendio
MAY 28, 2024
Established online marketplaces like Etsy are another way to strengthen your online presence. Etsy can help you market your business to a broader customer base and increase your online sales. We’ll walk you through everything you need to know to set up a successful Etsy shop— from who benefits to a step-by-step walkthrough on how to open a shop and what steps you can take to help your business stand out from the competition.
Due
MAY 31, 2024
Costco, the renowned value wholesale store, has demonstrated its financial prowess by delivering a robust third-quarter earnings report that has outperformed the market’s expectations. Costco’s impressive performance in the stock market, bolstered by its rapid expansion into non-food-related items, is a clear testament to its strategic diversification, a move that is poised to resonate with the broader consumer base.
Grit
MAY 26, 2024
Traditional manual processes can be time-consuming, prone to errors, and inefficient. However, with the advent of B2B accounts receivable automation solutions, businesses can streamline their invoicing, payment processing, and financial reporting tasks, significantly improving their operational efficiency. This article explores the benefits of B2B accounts receivable automation and its key features and demonstrates why it’s time to say goodbye to manual work.
Reorg Blog
MAY 31, 2024
Judge Brian F. Kenney sustained the objection to the Enviva debtors’ retention of Vinson & Elkins as bankruptcy counsel.
Credit Tools
MAY 31, 2024
Large-scale projects or business cases, with commitments over several years and often involving several hundred thousand euros or even several million euros, represent both opportunities and multiple.
lsq
MAY 30, 2024
The initial 12 months post acquisition tend to be the most challenging for a private equity firm – and the portco. Operational and working capital hurdles can put revenue growth at a standstill, quell ROI, and limit enterprise value. To help PE firms and portcos overcome these obstacles, LSQ has partnered with OneRock Capital to present Preventing the Tug of War: Gaining Financial Operational Efficiency Post Acquisition.
Grit
MAY 26, 2024
One of the most effective strategies to achieve these goals is through automation. Automation helps reduce manual tasks, minimize errors, and improve efficiency, allowing businesses to focus on strategic growth. This article will preview the importance of automation in eCommerce and highlight the top five app automation solutions every business needs.
Reorg Blog
MAY 31, 2024
Judge Vincent F. Papalia confirmed the Careismatic Brands debtors’ second amended plan at a contested hearing but sustained the U.S. Trustee’s objection.
Lendio
MAY 30, 2024
Lenders use the debt-service coverage ratio (DSCR) to determine whether your business qualifies for a loan and under what terms. This is just one metric that financial teams consider (along with factors like your credit score and tax returns), but it is vital because it helps you get a fair rate and approval for your request. Your DSCR highlights any existing debt you may have and if you can realistically pay it off.
lsq
MAY 30, 2024
ORLANDO, Fla. (May 30, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million accounts receivable credit facility for an aerospace manufacturer based in New Jersey. The company was referred to LSQ by a former client. As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
Credit Absolute
MAY 30, 2024
Understanding Your Credit Score If you’re trying to perfect your credit score, it’s important first to understand what makes up your credit report and credit score. Your credit score is determined by an advanced algorithm developed by FICO and pulls the data from your credit report to determine your score. When calculating your credit score, […] The post Increasing Your Credit Score & Improving Your Credit appeared first on Credit Absolute.
Grit
MAY 30, 2024
You added email to your app, but how can you optimize user engagement? The answer is email marketing and automation. This allows you to send triggered emails based on user behaviors or schedules, elevating your email program with minimal extra work. Let’s explore email automation – what it is, why it is important, and how to implement it effectively.
Due
MAY 30, 2024
Billionaire Elon Musk has agreed to testify in the Securities and Exchange Commission (SEC) probe on the deal to buy Twitter for $44 billion. The SEC, a regulatory body known for its thorough investigations, had initially pressured Musk on multiple attempts to uncover the truth about the deal behind the 2022 social media platform sale. The regulator filed a subpoena for Musk in October 2023 after he failed to give information to the investigation into the purchase.
lsq
MAY 30, 2024
ORLANDO, Fla. (May 30, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million accounts receivable credit facility for an aerospace manufacturer based in New Jersey. The company was referred to LSQ by a former client. As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
Reorg Blog
MAY 29, 2024
Spread tightening in the CLO market turbocharged last week, but the week also saw tightening in other rating bands
Grit
MAY 30, 2024
When a product is out of stock on your online store, you want to let customers know right away. The standard “Out of Stock” message on BigCommerce may seem basic. But customizing this message can actually help improve your store’s customer experience. A well-written out of stock notice provides clear information to shoppers. It can also encourage them to stay on your site or come back later when the item is available again.
Due
MAY 30, 2024
Kohl’s, the household United States department store, has recorded a slump in shares due to a poor earnings report. The chain’s First Quarter Fiscal 2024 Financial Results, announced with little fanfare, have surprised Wall Street with their underwhelming performance. Shares in Kohls seen shares hit by as much as 25% after the earnings report and call was publicized.
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