Sat.Aug 31, 2024 - Fri.Sep 06, 2024

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ConServe Upholds Better Business Bureau A+ Accreditation

RMAi Blog

A Decade of Embracing the Highest Business Practice Standards Rochester, N.Y., September 6, 2024 – Continental Service Group, LLC, operating under the name ConServe, proudly upholds its national A+ Accreditation Standard from the Better Business Bureau (BBB) for more than 10 years. ConServe is dedicated to ethical practices and integrity in accounts receivable management.

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Are Your Collection Efforts Getting the Priority They Deserve?

Your Virtual Credit Manager

As businesses grow and add customers, there comes a point when collections become a burden. This will generally occur before a company reaches 100 customers on open account, but certainly before they acquire 200 customers. Once you are dealing with hundreds of customers, the time required to contact everybody who has gone past due becomes substantial, and will require a dedicated effort, rather than an ad hoc approach.

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5 Tips to Create Affordable Products Without Compromising on Quality

Due

Consumers care about quality. From experiences to services to gear, for most consumers money spent on affordable, quality products is seen as money well spent. As a business, it’s important to maintain a high degree of quality. At the same time, you need to operate with a healthy profit margin and ensure your target audience can afford the solutions you’re offering.

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Tatics to drive BigCommerce Halloween After Sale Profits with Automated Campaigns

Grit

Maximizing profits after Halloween is essential for BigCommerce merchants. The holiday season doesn’t end on October 31st. There are still plenty of opportunities to drive sales during the Halloween after sale period. Automated campaigns can help you manage these post-Halloween sales efficiently, saving time and boosting revenue. Understanding the Importance of Halloween After Sales Halloween after sale campaigns are crucial for keeping the momentum going after the holiday.

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Business Loan Requirements: What Lenders Want to See

CreditStrong for Business

A business loan can provide your company with financial solutions for many different situations. Yet before you can take advantage of thisl, you’ll need to figure out how to qualify for a business loan. Each lender has its own criteria when it comes to approving loan applicants. Below, you’ll find nine common business loan requirements that your company might need to satisfy to qualify for this versatile type of financing.

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FinCEN issues rules impacting real estate and investment advisory compliance

Abrigo

FinCEN's 2024 real estate and investment advisory rules FinCEN is tightening the reins on residential real estate money laundering and investor advisers. Here is what you need to know. You might also like this webinar, "Tackling operational risks: Strategies for check fraud and ransomware prevention." REGISTER Takeaway 1 Real estate money laundering is a serious issue , with a n estimated $2.3 billion laundered between 2015 and 2020 through the U.S. real estate market alone.

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Expert’s guide of preparing for cyber monday on BigCommerce

Grit

The holiday shopping season is just around the corner, and Cyber Monday is one of the biggest days for eCommerce sales. As a BigCommerce store owner, preparing for Cyber Monday is crucial to ensure your online store is ready to handle the influx of traffic and orders. In this guide, our eCommerce experts share their top tips and strategies for optimizing your BigCommerce site to maximize your Cyber Monday sales.

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How to Get a Startup Business Loan

CreditStrong for Business

Startups often need funding to get up and running or gain additional traction. Generally, the best way to do that without giving up ownership of your company is to get a startup business loan. However, qualifying for a business loan can be challenging, especially for new startups without significant revenues or business credit history. Here’s a step-by-step guide to help you navigate the process, plus some alternative financing options you may want to consider.

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Startup Cash Flow Management Tips for Early Success

Enterprise Recovery

Cash flow basics are important for startup leaders to ensure financial stability and growth. Positive cash flow indicates more money is coming into the business than going out, while negative cash flow suggests the opposite. Leadership should regularly monitor cash flow statements to identify trends, potential shortfalls, and opportunities for improvement.

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Financial Planning & Analysis: The Secret to Scaling Your Business Successfully

Accounting Department

Financial Planning & Analysis (FP&A) is crucial for any business aiming to scale successfully. It involves detailed financial forecasting, budgeting, and analytical processes that drive strategic decision-making.

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Emerging Market Corporate Opportunity Set: Favorable Ratings Trend Persists into 2024

Loomis Sayles Credit Research

In 2023, the cloud of headline risks swirling around emerging market (EM) corporates (COVID, Russia/Ukraine and China’s property crisis) began lifting as rating upgrades outpaced downgrades. Year to date 2024, the positive trend has persisted, bolstered by an uptick in sovereign-related upgrades. In our view, EM corporations’ responses to the challenges they faced during the past few years have made them stronger.

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Court Opinion Review: Secrecy Begets Secrecy in the Jones/Freeman Affair, Bird Global’s Dubious Purdue Workaround, and DSG Small Ball Shambles On

Reorg Blog

The post Court Opinion Review: Secrecy Begets Secrecy in the Jones/Freeman Affair, Bird Global’s Dubious Purdue Workaround, and DSG Small Ball Shambles On appeared first on Reorg.

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New Jersey pharmaceutical company to pay $25m in price-fixing case

Due

Glenmark Pharmaceuticals Inc. USA (Glenmark), based in New Jersey, has been held accountable for $25 million to resolve allegations that the company fixed drug prices. The drug in question is pravastatin, used to treat high cholesterol and triglyceride levels. Between 2013 and 2015, Glenmark allegedly made investments and received monies entirely in breach of the Anti-Kickback Statute in promoting the drug alongside other pharmaceutical companies.

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Mastering the Future: How Rolling Forecasts Can Propel Your Business Growth

Accounting Department

It has been said that human capital is an organization's most valuable asset in today's climate. However, managing your financial assets is the ultimate responsibility of the company leadership. Without sound financial planning and asset management, a business can't thrive. And, ultimately, your human assets will suffer. Forecasting is an essential part of the equation.

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Is it Time to Pick Up Chinese Equities?

Loomis Sayles Credit Research

A flurry of negative economic and geopolitical headlines have battered Chinese equities over the past year, leading to multiple rounds of investor pullbacks and eventual capitulation. Today, global funds are significantly underweight China and valuations appear abysmal. Some Chinese stocks have staged rebounds in recent months, and there is market chatter about the potential for rapid growth reacceleration for many companies.

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Automating Your Cash Application: What You Should Know

Bectran

Cash application, as the final step in the order-to-cash (O2C) cycle, is a vital part of the accounts receivable process. Despite being integral to B2B finance operations, cash application is still widely completed through manual efforts.

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Chaser finalist for Best Use of Technology in Credit & Collections

Chaser

Delighted to share that Chaser has been shortlisted for the Best Use of Technology in Credit & Collections award at the 2024 Credit & Collections Technology Awards.

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Court Opinion Review: Secrecy Begets Secrecy in the Jones/Freeman Affair, Bird Global’s Dubious Purdue Workaround, and DSG Small Ball Shambles On

Reorg Blog

The post Court Opinion Review: Secrecy Begets Secrecy in the Jones/Freeman Affair, Bird Global’s Dubious Purdue Workaround, and DSG Small Ball Shambles On appeared first on Reorg.

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Here’s How to Incorporate a Business

Lendio

One of the most important questions you need to answer as a small business owner is whether you should incorporate your business—and if so, how. Here, we’ll explore why you would want to incorporate your business, and how to do so, with helpful links to resources across different U.S. states. About business incorporation What does “incorporated” mean?

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Massachusetts medical device manufacturer pays $700,000 to resolve False Claims Act allegations

Due

A Massachusetts medical device manufacturer has agreed to pay the authorities $700,000 to resolve allegations that the company knowingly breached the False Claims Act (FCA). The company in question is THD America Inc., which is run by parent company THD SpA of Italy (collectively, THD). THD is footing the bill for the FCA breach caused by physicians knowingly submitting incorrect costing codes and billing to Medicare and State Medicaid for a specific medical procedure.

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Business Credit Cards vs. Personal Credit Cards: What’s the Difference?

CreditStrong for Business

If you’re looking for a new credit card for your small business, you technically don’t have to get a business credit card, especially if you just want to separate your personal and business expenses. But the benefits that come with small business credit cards should make any business owner reconsider using a personal card to help run their business.

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Cash Flow Forecasting: A Comprehensive How-To Guide for Businesses

TreviPay

IIn the dynamic world of business finance, cash flow forecasting is a cornerstone of effective financial management. This process predicts future cash flow, showing how much money will come in and go out. This helps businesses understand their finances and the challenges they might face. Cash flow forecasts are important for businesses. They help navigate market changes, economic uncertainties, and growth opportunities.

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Red Lobster Plan Confirmed; Reorganized Company Under Lenders’ Control Will Have 545 Go-Forward Restaurants

Reorg Blog

Relevant Document: Amended Plan (and Blackline) Judge Grace E. Robson confirmed the Red Lobster debtors’ amended chapter 11 plan at an uncontested hearing today. The debtors resolved all objections to the plan ahead of today’s hearing.

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Two Russian nationals have been indicted in $10 Million in illegal advertising and content campaigns

Due

Two Russian nationals have been indicted for their role in a $10 million illegal advertising and content campaign. This breached the Foreign Agents Registration Act (FARA), and according to the Justice Department, their actions involved conspiracy to commit money laundering. Kostiantyn Kalashnikov and Elena Afanasyev are the pair in the crosshairs of the Justice Department for their actions with Russian-backed broadcaster Company-1.

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How to Get a Business Loan With Bad Credit

CreditStrong for Business

Personal and business credit scores both impact your ability to qualify for a business loan. It can be hard to get the financing you want if either one is low, but you can still do it with the right strategy. Here’s everything you need to know about how to get a business loan with bad credit, including a step-by-step guide to the process and the best types of financing to target.

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Should you pay a broker a fee?

Cpcmcredit Blog

I was asked this question today and my advice to businesses seeking finance is generally “no” For successful arrangements, brokers receive commission from the lenders (and standardised rates across the industry) and in truth, these commissions can be pretty generous. Also remember that in the case of invoice financing, they are “on going” Of course the answer ton the question is that it also entirely up to you and how comfortable you feel with the arrangement but do be aw

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Checklist of BigCommerce Virtual Halloween Activities for retail stores

Grit

Halloween is an exciting time for eCommerce, especially for retail stores on BigCommerce. It’s an opportunity to increase sales and engage customers through creative virtual Halloween activities. These activities can help you stand out and make your store more attractive during the Halloween season. Setting the Stage with Halloween-Themed Store Design Creating a Halloween-themed design for your BigCommerce store is the first step in preparing for virtual Halloween activities.

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$5m email case fraudsters caught and sentenced by U.S. government 

Due

Two foreign nationals have been caught and sentenced for their part in an elaborate $5m email fraud scheme. The charges that were laid against the pair revolved around conspiracy to commit wire fraud , three counts of wire fraud, conspiracy to cause intentional damage to a protected computer, and intentional damage to a protected computer, according to the Justice Department.

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Business Loan vs. Personal Loan: Which Should You Choose?

CreditStrong for Business

Business and personal loans both provide you with a lump sum that you repay in monthly installments. However, while there’s some significant overlap in their functionalities, they’re not interchangeable. If you’re looking to borrow, here’s everything you need to know about business loans versus personal loans in order to determine which makes the most sense in your situation.

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Breaking Free from Bank Loans Working Capital Solutions for Small Businesses

JNI Commercial Lending

In the fast-paced world of business, securing financing can be one of the most significant hurdles for small business owners, entrepreneurs, and financial managers. Traditional bank loans come with high requirements and lengthy approval processes that often leave businesses in a lurch. But when banks aren’t an option, what can you do? This post explores […] The post Breaking Free from Bank Loans Working Capital Solutions for Small Businesses appeared first on JNI Commercial Lending.