Sat.Nov 18, 2023 - Fri.Nov 24, 2023

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Accounts Receivable Performance Metrics: 5 KPIs You Should Be Tracking

Gaviti

Most Accounts Receivable teams use DSO as the main KPI to measure their performance. By extension, most A/R invoice-to-cash management platforms and teams base their key performance indicators (KPIs) on the measurement of Days Sales Outstanding, or DSO. But DSO is not an accurate reflection of delinquency, because it starts its calculation from the time that the invoice is issued rather than the due date.

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Foster Faster Collections with Effective Reminders

Your Virtual Credit Manager

For most small businesses, collections are reactive. When a customer goes past due, they then go into action — typically with a call, though it is also likely that unless a sizeable amount is involved a call is not made right away. In the meantime, routine collections are driven by passive activities, often just a monthly statement. It’s an improvement when statements are backed up by written notices.

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How to Stop Worrying About Money and Start Thriving

Due

Money is a major source of stress for many of us. This shouldn’t come as a surprise. Without money, we can feel anxious and insecure, since we do not have the means to meet our basic needs. In fact, according to a Capital One and Decision Lab survey , more than three in four (77%) Americans are anxious about their financial situation. But what happens if we worry too much about money?

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UK B2B Trends: Building Loyalty with Modern Trade Credit 

TreviPay

The past few years have been tough for businesses of all types. B2B companies have struggled to meet the digital desires of today’s business buyers, who have been spoiled by the ease of B2C purchasing experiences. Although it’s commonly accepted B2B trends lag behind consumer-focused initiatives, business customers still want—and expect—fast and frictionless transactions.

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Do Joint Credit Cards Affect Both Spouse’s Credit?

Credit Absolute

Getting married can help boost your financial standing, but it doesn’t mean that you and your spouse will share a credit report. Your credit reports will remain separate, and any joint accounts and shared loans you open together will appear on both of your reports. While this can be beneficial, it’s important to keep in […] The post Do Joint Credit Cards Affect Both Spouse’s Credit?

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Happy Thanksgiving From AccountingDepartment.com!

Accounting Department

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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Rakuten Group Faces JPY 105B Domestic Bond

Reorg Blog

Japanese e-commerce, mobile and financial services conglomerate Rakuten Group, Inc. faces more than JPY 320 bn of public debt maturities in 2024, including $1.75 bn of USD notes due in November 2024 which are more recently indicated at a yield to maturity of around 8%.

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How banks are using AI to lend to SMEs faster and more reliably

Actico

Evaluating the creditworthiness of Small and Medium-sized Enterprises (SMEs) within 20 minutes? AI and Open Banking make it possible. Read more in the blog article.

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Avalara Tax Solutions for Manufacturing Businesses

Accounting Department

The landscape of tax legislation is constantly evolving, and clients are undoubtedly experiencing its impact. Even in the best of times, manufacturers face distinctive challenges when it comes to sales and use tax.

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Highlights from QuickBooks Connect 2023

Chaser

Chaser exhibited at Quickbooks Connect 2023 which took place at the ARIA in Las Vegas on the 13th-15th of November. The three-day event was hosted by QuickBooks , the global accounting software solution developed and marketed by Inuit , and it serves as a worldwide event series that unites accounting experts, partners of the QuickBooks platform, and the surrounding ecosystem.

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China Oil and Gas Working On Up to $350M 5Y Loan

Reorg Blog

Hong Kong-listed energy company China Oil and Gas Group Ltd. is working with lenders on an up to $350 million syndicated loan with a three-year tenor and two-year extension option.

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Outsourced accounting and bookkeeping

blue dot counseling

Partner with Blue Dot Consulting to experience the power of outsourced accounting solutions tailored to meet your unique business needs. The post Outsourced accounting and bookkeeping appeared first on Blue Dot Consulting.

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AI Transforming Invoicing Beyond Recognition

Emagia

Tedious and time-intensive manual Accounts Payable (AP) processes continue to contribute significantly to operational expenses. The finance department is acutely aware of the ongoing problem. More than ever in 2023, Chief Financial Officers (CFOs), Finance Vice Presidents, and Treasurers are increasingly recognizing the value of adopting AI tools to intelligently manage invoices.

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101+ Last-Minute Christmas Gifts You Can Still Get on Amazon

Due

Looking for last-minute Christmas gifts on Black Friday ? Amazon has you covered with its vast collection of products that will reach your doorsteps just in time for Christmas. Thus, if you’ve been caught up in the holiday rush or simply need a bit of inspiration, we have curated below a list of 101 amazing gift ideas that you can get hold of.

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LMIRT Pledges Sun Plaza, Lippo Mall Kemang Worth SGD 433M

Reorg Blog

Subsidiaries of Lippo Malls Indonesia Retail Trust, or LMIRT, have filed charge documents, pledging their shares of underlying Indonesian corporate entities that hold Sun Plaza and Lippo Mall Kemang.

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You might think that way, most people don’t!

blue dot counseling

Most accountants do many of the same things, in much the same way, using most of the same tools. Sounds familiar? The post You might think that way, most people don’t! appeared first on Blue Dot Consulting.

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What is positive cash flow and how to keep your cash flow positive

Chaser

Positive cash flow is the lifeblood of any successful business. It represents the amount of cash a company generates from its normal business operations, which is used to pay for expenses and invest in growth. Having a positive cash flow means that the money coming in is greater than the money going out, allowing businesses to operate smoothly and have enough funds to cover any unforeseen expenses.

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AI Boosts Stock Market, S&P 500 Growth Prevails

Due

This year has been an interesting and prosperous year for investors. There are several factors that contribute to the overall success of the stock market and the investing community. In this article, we will discuss four key developments that have significantly impacted the investing landscape this year. These include the advancement of artificial intelligence, the steady growth of the S&P 500, the drop in gas prices, and the resilient spending of investors.

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Regulatory Coverage: FDIC Finalizes Special Assessment to Recoup Losses From SVB, Signature Failures; Agency Votes Behind Closed Doors After Harassment Allegations

Reorg Blog

The post Regulatory Coverage: FDIC Finalizes Special Assessment to Recoup Losses From SVB, Signature Failures; Agency Votes Behind Closed Doors After Harassment Allegations appeared first on Reorg.

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Four Burning Questions About AI in Finance and Credit – Answered

Emagia

As a longtime leader in the AI-based order-to-cash solutions industry, conferences around the world ask for Emagia representatives to appear and speak Artificial Intelligence, automation, and GenAI in finance. Most recently that meant talking with a group of leaders in the B2B credit industry as part of NACM South Central’s annual “Day at the Races” event in Louisville, KY.

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Cash flow | Definition, importance and examples | Chaser

Chaser

One of the most commonly cited terms in any discussion of the health of a business is cash flow. It has been aptly dubbed the “lifeblood of any business” by Sir Richard Branson. But what exactly is cash flow and how does it affect a business in terms of its day-to-day operations and credibility? Explore the definition of cash flow and what it means for business owners in this in-depth guide.

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Do Joint Credit Cards Affect Both Spouse’s Credit?

Credit Absolute

Getting married can help boost your financial standing, but it doesn’t mean that you and your spouse will share a credit report. Your credit reports will remain separate, and any joint accounts and shared loans you open together will appear on both of your reports. While this can be beneficial, it’s important to keep in […] The post Do Joint Credit Cards Affect Both Spouse’s Credit?

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Tear Sheet (Part I): NWD’s Sale of NWS Brings in HKD18B, Facilitating Note Buybacks; Hong Kong Retail Property Market Stabilizing, But Office Remains Weak; Further Deleveraging Impeded by Challenging Asset Sale Prospects, High Valuations of Investment Properties

Reorg Blog

The post Tear Sheet (Part I): NWD’s Sale of NWS Brings in HKD18B, Facilitating Note Buybacks; Hong Kong Retail Property Market Stabilizing, But Office Remains Weak; Further Deleveraging Impeded by Challenging Asset Sale Prospects, High Valuations of Investment Properties appeared first on Reorg.

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Wall Street Firms’ Market Manipulation Risks

Due

As 2023 ends, investors must evaluate their investment strategies and reflect on the performance of stocks throughout the year. Stocks have seen considerable growth, with an overall increase of 20%. However, not every investor has profited from this market boom. Wall Street experts did not foresee this growth, which has led to many holding excessive amounts of cash that could have otherwise been invested in stocks.

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What are Maximum SBA Loan Amounts?

Lendio

Small Business Administration (SBA) loans are a popular financing option for small businesses. These loans offer affordable interest rates and flexible terms, making them an attractive choice for entrepreneurs looking to start or expand their business. However, like any loan, there are limits on how much money you can borrow through the SBA program.

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How to Analyze and Improve Your AP Turnover Ratio

The Corcentric Blog

How to Improve Your AP Turnover Ratio and Strengthen Your Relationship with Suppliers We all strive to have healthy relationships, and for a company, how good or bad a relationship is with its suppliers is dependent on how financially healthy the business is. In an economic environment where suppliers are in power to decide whom they want to do business with, it is critical to maintain a strong supplier relationship.

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VNET’s Equity Issuance to Shandong Hi-Speed

Reorg Blog

The $299 mn equity investment from two entities beneficially owned by Shandong Hi-Speed Holdings Group Limited increases the likelihood that VNET Group Inc.’s $600 mn zero coupon convertibles will be redeemed on Feb.

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52-Week Money Challenge: A Year of Savings

Due

Financial well-being depends on saving money, which offers numerous benefits that contribute to a fulfilling and secure life. A few of the reasons why saving is so important are as follows: Financial security. In the event of an emergency, such as loss of employment, medical expenses, or car repairs, savings can provide a safety net. Financial cushioning can help you avoid debt or reliance on credit cards that can further strain your finances.

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Beyond the Transaction: Episode 2

TreviPay

Episode 2: Unveiling B2B Buyer Insights with Murphy Research’s, Stephanie Friedman Join Allen Bonde, TreviPay Chief Marketing Officer , in conversation on this installment of Beyond The Transaction as Allen digs into the nuances of buyer behaviors, preferences and pain points with Stephanie Friedman, VP of Account Management at Murphy Research. Key Highlights : Check A Look into Custom Research Stephanie provides an exclusive insight into the workings of Murphy Research, a boutique agency with a

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How to Start a Nonprofit Organization

Lendio

So you want to start a nonprofit. While this is a noble pursuit, it’s hardly an easy one. You’ll need to approach it with the same focus and determination as any other entrepreneur. “Starting any new business is difficult,” says a nonprofit startup report from Forbes. “You need to find investors, drum up interest, get your name out there, and have a strong vision of what your business will be and aim to achieve.