Your Virtual Credit Manager

JULY 16, 2024

Once an order has been approved and fulfilled, the primary objective in terms of Accounts Receivable (AR) management is getting paid. Some customers will always pay on time. Others will always pay beyond terms and the remainder will fall somewhere in between. Keeping these latter two groups under control requires collection efforts. (Photo by Michael Starkie on Unsplash ) At a fundamental level, collections involves contacting customers to collect the money they owe you.

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Accounts Receivable (AR) Collector Past Due Invoices Credit and Collections 100

biz2credit

JULY 18, 2024

Only 50% of small businesses survive five years of business, according to the U.S. Census Bureau. While it may be an intimidating number to face, understanding the risks small businesses face is the first step to crafting a financial strategy that effectively anticipates and manages these threats to your business. The best defense from financial … Continue reading "Top Financial Risks Facing Small Businesses and How to Manage Them" The post Top Financial Risks Facing Small Businesses and H

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Small Businesses 107

Know-It Global

JULY 16, 2024

We are excited to announce the appointment of Ryszard Jedrzejewski as our Chief Operating Officer! We sat down with RJ for a quick chat to learn more about him and why he wanted to be a #knowitall 1. Welcome to Know-it! Tell us a b-it about yourself I have been fortunate over my career to have worked for lots of great companies, such as Experian, National Australia Bank, GE Capital, a fintech start-up business (Castlight Financial in Glasgow), Clydesdale Bank, M&G Investments, and a manageme

Credit and Collections 105

Credit and Collections 105

Lendio

JULY 19, 2024

A small business loan can be secured or unsecured. A secured loan is backed by collateral like property, equipment, or other business assets of value. An unsecured loan is based on creditworthiness alone and leaves a lender unprotected if the loan is not repaid. Learn more about secured vs unsecured business loans below to decide which option is right for you.

Small Businesses 104

Small Businesses Default Credit Scoring 104

Due

JULY 15, 2024

A Texas pharmaceutical marketer has been sentenced and will now pay the United States government $59 million in reparations. The sentence comes after a lengthy court battle that put Californian Quintan Cockerell in the sights of government legal professionals. Texas pharmaceutical marketer sees jail time Cockerell was found guilty of manufacturing the most expensive medications that doctors could prescribe as custom orders.

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biz2credit

JULY 16, 2024

Securing restaurant financing can be particularly challenging during tough economic times when traditional funding sources tighten their criteria. This article offers practical advice for restaurant owners looking to obtain the necessary capital to start, sustain, or grow their businesses despite an uncertain economic climate. We’ll highlight alternative financing options, strategies for presenting a compelling business … Continue reading "Tips for Securing Restaurant Financing in Tough Ec

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Enterprise Recovery

JULY 15, 2024

Retention marketing is the practice of implementing strategies and techniques to keep existing clients engaged and loyal to your business. While acquiring new customers is important, retaining existing ones is more valuable for the long-term success of your business. By focusing on client retention, you can build strong relationships, increase customer satisfaction, and ultimately drive revenue growth.

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Due

JULY 13, 2024

Dollar General, the nationwide store, has agreed to an Occupational Safety and Health Administration (OSHA) settlement for $12 million. The Department of Labour division has been involved with the renowned U.S. store as they questioned the current health and safety standards, raising concerns about overall workplace safety. As part of the $12 million settlement, Dollar General has agreed to various changes to workplace practices and standards.

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Reorg Blog

JULY 16, 2024

The post Court Opinion Review: Silver Lining in Purdue and Jarkesy; Wesco and Robertshaw Decisions Diverge on Remedy; NJ Stans for Debtors (Again) in Invitae appeared first on Reorg.

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Accounting Department

JULY 16, 2024

Growing a business is a multifaceted challenge that requires careful financial management. For many business owners, juggling daily operations while keeping track of finances is daunting. Enter Client Accounting Services (CAS), a crucial element for business growth that improves financial accuracy, reduces costs, and offers expert financial guidance.

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Chaser

JULY 18, 2024

Overdue payments are sometimes inevitable due to delayed client payments, disputed invoices, economic downturns, or simply clients’ oversight. When these receivables linger unpaid, they can start to erode the financial stability of your company. After all, cash flow is the lifeblood of your business, and without it, every part of your operations—from payroll to expansion—faces potential jeopardy.

Debt Collections 59

Debt Collections 59

Due

JULY 17, 2024

Juggling successful retirement planning and remote, return to office (RTO), or hybrid options requires a bit of research and fancy footwork. How people do their jobs has changed since the pandemic. More are working from home (WFH). However, some employers are requiring RTO at least some of the time. How you plan for retirement depends on factors such as whether you are an employee or contractor and how aware you are of your company policies on 401(k) matching and your own savings.

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Lendio

JULY 16, 2024

Lendio is excited to announce FIS ® (NYSE: FIS), a global leader in financial technology, is leveraging Lendio technology in the launch of its new SMB Digital Lending solution. FIS SMB Digital Lending aims to reduce the barriers to funding for small and medium-sized businesses (SMBs) by streamlining and automating lending processes for financial institutions.

Small Businesses 59

Small Businesses 59

blue dot counseling

JULY 13, 2024

Of course, businesses evolve - new products, services, markets etc. - so it's important you keep these three building blocks under review and in sync with each other and in line with the path your business takes. The post The opposite of “Garbage In – Garbage Out” appeared first on Blue Dot Consulting.

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Grit

JULY 19, 2024

Personalized shopping experiences have become a cornerstone of success in today’s competitive eCommerce landscape. Leveraging technology like the BigCommerce Customer API allows businesses to tailor their customer interactions meaningfully, enhancing engagement, driving sales, and fostering loyalty. This blog explores how you can harness the potential of BigCommerce Customer API to deliver personalized shopping experiences that resonate with your customers.

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Gaviti

JULY 18, 2024

There are two main types of cash flow forecasting: short term and long term. Short-term forecasting predicts the company’s cash flow for under 12 months, while long-term forecasting looks beyond twelve months. Financial professionals often agonize over which one to use, but most organizations need both. What is Short-Term Cash Forecasting? Short-term forecasting looks at the cash inflows and outflows over a shorter period.

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Cash Forecasting DSO Credit and Collections Deductions 52

Due

JULY 19, 2024

DaVita Inc., based in Denver, Colorado, is at the center of allegations that it was mired in a kickback saga. The United States government alleged that DaVita Inc. (DaVita) used its position as a core part of the medical world to solicit and demand improper financial arrangements and referrals. “Medicare patients should be able to trust their healthcare providers not to pay illegal kickbacks to induce referrals,” said Acting U.S.

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CreditStrong for Business

JULY 19, 2024

The short answer is that no, checking your own credit score does not lower it. Checking your credit score is treated as a soft credit inquiry that will not harm your credit rating. Periodically checking your credit bureau reports and/or score is a good practice for managing personal finances to gauge progress or detect potential errors or fraudulent activity.

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Credit Scoring Credit Card Companies Bankruptcy Insurance Companies 52

Grit

JULY 18, 2024

A competitive price strategy is necessary to draw in clients and increase sales in the cutthroat world of eCommerce. Bulk pricing is an effective tactic that encourages customers to buy more by giving discounts for larger purchases. In this article, we’ll look at BigCommerce bulk pricing , its benefits, how to optimize your bulk pricing plan, and how Atom8 can help with BigCommerce bulk pricing.

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Transactions 52

Lendio

JULY 18, 2024

While some debt is considered good debt for small business owners—debt that ultimately helps the borrower net more in savings or income—other debt is deemed “bad debt.” The latter includes debt that can directly and negatively impact a business owner’s credit score, or that costs money or potentially limits their ability to secure financing in the future.

Credit Scoring 52

Credit Scoring Credit and Collections Bad Debt Credit Card Companies 52

Due

JULY 19, 2024

The pursuit of wealth often takes center stage in human desires and aspirations. The allure of affluence and the power it wields over individuals is a fascinating subject that has been explored extensively in literature, music, and popular culture. Here, we delve into the intriguing dynamics of desire and wealth. The allure of wealth She was “hot for the money” paints a vivid picture of a woman consumed by the desire for wealth.

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CreditStrong for Business

JULY 19, 2024

A new car loan will likely result in a small, temporary drop in your credit score stemming from lender credit inquiries, having a recently opened new credit account, and the resulting greater overall debt load. This decrease can be offset after you begin making monthly payments. The slight decline in your credit score is unlikely to have any major ramifications unless your score is on the fringes of being average, good, or excellent and you plan on financing another major purchase in the next se

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Credit Scoring Credit and Collections Credit Unions Credit Application 52

TMC Financing

JULY 18, 2024

Half Moon Bay, CA – Combining lifelong passion with business acumen is a sure way to achieve entrepreneurial success – and when you add commercial real estate ownership to the. The post Tommy Tsunami Surf School Rides a Wave of Success with an SBA 504 Loan appeared first on TMC Financing.

Small Businesses 52

Small Businesses 52

Onguard

JULY 18, 2024

It’s the year 2019 and Denise is saying farewell to her colleagues at Onguard. Her six-month internship, full of learning and fun moments, has come to an end, and she is ready for her new adventure: a student exchange programme abroad. “If you wish to come back, we’ll be waiting,” one of her closest colleagues told her. And guess what! She has been with Onguard for 6 years, she started as an intern to climb to an Event Manager, and she effectively shares her energy between two roles in the compa

Credit Management 52

Credit Management 52

Due

JULY 19, 2024

The state of Pennsylvania has broken the previously set records of gambling tax revenue. The state announced that, for the financial year 23/24, it collected a massive $2.54 from the taxation of registered operators. Gambling in the state has steadily increased over the last few decades from the millions to the billions of dollars. Pennsylvania takes in $2.45bn in tax revenue According to a recent release from the PCGB , the tax figure results are from “record combined revenue generation of over

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CreditStrong for Business

JULY 19, 2024

Many people use car loans to purchase a new car. You get a bill each month and have to make a monthly payment to keep your car. If you run into financial trouble, you might have problems making your car payment. If this happens, you might want to transfer your car loan to someone else as part of selling your car or trading it in for another vehicle.

Credit Scoring 52

Credit Scoring Credit and Collections Bad Debt Credit Card Payments 52

Biz2X

JULY 17, 2024

Reading Time: 4 minutes As the Head of Credit Risk at Biz2credit and Biz2X, I manage a team of risk and data science processionals across North America and India, focusing on credit and price decisioning, automation and efficiency in customer journey, and portfolio risk management. My career spans almost two decades in banking and financial services across both consumer and business lending, including at Goldman Sachs and Citibank.

Credit Risk 52

Credit Risk Small Businesses Default 52

blue dot counseling

JULY 16, 2024

Ask yourself how much your bottom line will improve or decline by if you raise or lower your gross profit margin by just 1%. Still can't afford a Gross Profit Officer? The post Gross Profit Officer – appoint one today! appeared first on Blue Dot Consulting.

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Due

JULY 18, 2024

“Big money” is not just a phrase but a lifestyle, a mindset, and a symbol of power. It is popularized in various sectors, TV shows, and particularly in the music industry, where it is often used to denote wealth, influence, and success. This article delves into the intricate dynamics of “big money,” its implications, and its representation in contemporary society.

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CreditStrong for Business

JULY 19, 2024

There is a wide range of SBA loans available based on your industry and what you’re planning to do with the money. It’s important to note that you’ll need more than personal credit to qualify for an SBA loan. That doesn’t mean that you can have bad credit on the personal side though. For some loan options, the Small Business Administration uses the FICO Small Business Scoring Service (SBSS).

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Credit Scoring Credit Unions Small Businesses Default 52