Your Virtual Credit Manager

DECEMBER 12, 2023

Recurring Revenue is derived from providing a continuous, ongoing service, such as a subscription, license, rent, or a maintenance contract. It is governed by a contract for a fixed period of time (often one year). If the contract is not cancelled, it can provide steady revenue and cash flow every month, year after year. Recurring revenue is sought by businesses and prized by Wall Street in its valuation of companies.

Days Sales Outstanding 130

Days Sales Outstanding DSO Credit Management Small Businesses 130

Due

DECEMBER 13, 2023

Artificial Intelligence (AI) is changing the world, and it’s no secret that those who master and harness this technology can create immense wealth for themselves and their clients. The rapid evolution of AI has brought about a new era where countless business opportunities can be pursued. This article will discuss why AI is the key to becoming wealthy in five years and how you can take advantage of this technological revolution.

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Plooto

DECEMBER 14, 2023

The strategic Risk and Partnerships hires will build on Plooto's 2023 momentum and supercharge market expansion in 2024 to further support growing businesses

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TreviPay

DECEMBER 12, 2023

Cultivating a lasting customer experience in B2B hinges on delivering exceptional user experiences (UX) that support a clean, streamlined payments experience. Knowing this, TreviPay’s UX teams use the Stanford Design Method to understand end-user pain points and empathize with them. As one of TreviPay’s Core Values , empathy takes a prominent role in the UX design process.

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Accounting Department

DECEMBER 13, 2023

With a new year just around the corner, it's time for organizations to start thinking about their budgets for 2024 - if they haven't already. Effective budgeting and planning are critical to the success of any business. It helps in making smart financial decisions, optimizing resource allocation, and achieving business objectives.

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DECEMBER 11, 2023

Pets are a wonderful addition to a happy family. They can bring a sense of joy, peace, and contentment to any household, from single, career-driven individuals to larger families. Pet ownership has increased significantly in recent decades. In 1988, 56% of U.S. households owned a pet. Now, in 2023, 66% of homeowners do so. If you’re considering joining the over 86 million Americans who have a pet, it’s important to lay the groundwork first, especially when it comes to finances.

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Lendio

DECEMBER 11, 2023

Starting a home-based business takes a lot, and one has to invest a great deal of effort and time to see their business bloom. Conducting proper research before diving in is also essential, but many people skip this vital step. As a result, they face consequences, such as a penalty and even getting shut down. One integral part of your research before starting your business should be finding out the licenses and permits that you need according to your state to make your business legal.

Transactions 98

Transactions Small Businesses 98

Chaser

DECEMBER 11, 2023

Do you struggle to find the time to chase customers for your payment? Are you slogging away entering data onto slow and outdated systems? Maybe it's time to step up your systems and go digital. A manual accounts receivable system is tedious and outdated. It also leaves a lot of room for costly human error. The effects on your balance sheet can be significant including slower cash flow.

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DECEMBER 11, 2023

The financial markets have had an impressive run recently, with stocks experiencing a 10% rally. This week could be decisive for the markets’ future, as two significant economic events are scheduled to occur. Depending on how these events unfold, the market could either continue with its upward trajectory or face a potentially rough period. This article will delve into these critical events – the Consumer Price Index (CPI) inflation report and the Federal Reserve interest rate announcement

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Accounting Department

DECEMBER 15, 2023

We are thrilled to announce that Episode 8 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Lendio

DECEMBER 11, 2023

The holiday season is a golden opportunity for businesses to boost their sales and strengthen customer relationships. A well-planned and executed holiday marketing campaign can make a significant impact in getting your brand noticed and maximizing your revenue potential. This guide will provide insights into effective holiday marketing strategies and ideas to help your business shine brighter this season.

Small Businesses 98

Small Businesses 98

Collenda

DECEMBER 14, 2023

How can technology be used to transform debt collection processes? For many businesses, debt collection can be an arduous, time-intensive, and at times, frustrating task. Having an effective handle on your sales ledger control account, however, is vital for ensuring your business maintains a healthy cash flow position. Getting paid what you are owed when you are owed allows you to better manage your company’s finances and plan for the future.

Debt Collections 90

Debt Collections Collections Automation Transactions 90

Due

DECEMBER 15, 2023

Creating an effective retirement plan deserves a significant investment of your time, and the earlier you start planning, the better. Depending on where you are in your life, you might not be thinking about retirement. However, it’s never too early to start because some of the best retirement plans become more profitable with time, especially with owning and investing in real estate.

Credit and Collections 98

Credit and Collections 98

Abrigo

DECEMBER 14, 2023

Practical tips for conducting effective strategic planning meetings Financial institutions' strategic plans should be cohesive, focused, and have buy-in from stakeholders. These steps can help get you there. You might also like this on-demand webinar, "Strategic plan: How to develop and monitor at your financial institution." WATCH NOW Takeaway 1 Strategic plans should have a baseline, a clear destination, and a plan to get from A to B.

Credit Risk 88

Credit Risk Dashboards Credit and Collections CECL 88

Lendio

DECEMBER 13, 2023

When your business needs a quick cash infusion to deal with unexpected expenses, seize growth opportunities, or meet urgent operational costs, fast business loans come to the rescue. These loans are designed for swift approval and funding—often within 24 hours—making them an ideal choice for situations where traditional loan processes may be too slow.

Credit Scoring 98

Credit Scoring Credit and Collections Small Businesses 98

Enterprise Recovery

DECEMBER 14, 2023

When clients fail to pay their invoices on time, it can negatively impact your cash flow and harm your business in various ways. Maintaining a healthy cash flow is crucial for the success of your business, so it is essential to address any issues with late payments promptly and find effective solutions to ensure a steady and stable financial foundation.

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Accounting Department

DECEMBER 14, 2023

We're happy to announce that AccountingDepartment.com is gearing up for its 10th Vistage ChairWorld event in January! As a proud National Sponsor for the past decade, this event holds a special place in our hearts, and we can't wait to reconnect with familiar faces and forge new connections in 2024.

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Abrigo

DECEMBER 13, 2023

Address risk by fine-tuning your AML transaction monitoring program Financial institutions must stay on top of their scenarios and settings. Above-the-line/below-the-line testing can help get the right parameters. You might also like this resource: "AML investigations checklist: Red flags for detecting money laundering." Watch webinar Takeaway 1 False positives within a suspicious activity monitoring program can be frustrating.

Credit Unions 88

Credit Unions Transactions 88

Lendio

DECEMBER 13, 2023

Are you a small business owner looking for financing options? A business loan broker might be able to help. In this article, we’ll explain what a business loan broker is, the types of brokers available, and how they can help you find the financing you need to grow your business. What is a small business loan broker? A business loan broker—sometimes called a commercial loan broker—is an individual, company, or service that helps small businesses apply for small business loans or other finan

Small Businesses 98

Small Businesses 98

Eagle Business Credit

DECEMBER 14, 2023

If you are running a small business, you’ve probably found yourself in a frustrating, but very common situation. You may find that your business is running low on cash. Your customers could owe you plenty of money for your goods or services, but without cash on hand you will have cash flow problems. Collecting on outstanding invoices in a timely manner can be a frustrating process.

Credit and Collections 75

Credit and Collections Small Businesses 75

Reorg Blog

DECEMBER 14, 2023

Sponsor KKR has increased its €100 million shareholder loan to Accell by another €50 million after the Dutch bicycle group’s earnings continued to slide in the third quarter amidst worsening conditions in the oversupplied European bike market. The group’s backlog shrunk by 20% sequentially during the third quarter as a result of falling dealer orders, with the outlook expected to remain depressed throughout 2024 and 2025, sources said.

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Chaser

DECEMBER 12, 2023

As we approach the end of another remarkable year, I want to take a moment to express my heartfelt gratitude to each and every one of you, our team, consultants, contractors, investors, shareholders, partners and customers. Your unwavering support and dedication have been the driving force behind our collective success. As we stand on the threshold of a new chapter, it's essential to reflect on the milestones we've achieved together.

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Credit Absolute

DECEMBER 15, 2023

Applying for a Personal Loan Whether you simply need to cover living expenses while unemployed or pay off debt, a personal loan is a viable option. When you need money fast, you may not ask too many questions when a lender approves your loan application, but you don’t want to make a mistake that will […] The post What to Consider When Choosing a Personal Loan Lender appeared first on Credit Absolute.

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Biz2X

DECEMBER 15, 2023

Reading Time: 3 minutes SBA loans are a lifeline for small businesses, offering them the capital to start, grow, and thrive. For small and community banks, these loans represent an opportunity to support local economies while also expanding their customer base. However, processing SBA loans can be complex and time-consuming due to stringent documentation and compliance requirements, the need for meticulous risk assessment, and the resulting operational inefficiencies.

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Small Businesses Transactions 52

Reorg Blog

DECEMBER 13, 2023

Vedanta Resources Ltd. expects to launch the liability management exercise for its USD bonds due in 2024 and 2025 by tomorrow, Dec. 13.

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TreviPay

DECEMBER 15, 2023

On behalf of TreviPay, Windward Strategy , a B2B payments consultancy surveyed North American mid-market B2B suppliers. This survey aimed to uncover trends in B2B buyer purchase channels, credit granting and payment experiences. From our survey findings and insights corroborated by prominent entities in the B2B sector, we’ve distilled three actionable strategies to enhance your B2B buyers’ experience.

Cost to Serve 52

Cost to Serve Transactions 52

Credit Absolute

DECEMBER 15, 2023

Applying for a Personal Loan Whether you simply need to cover living expenses while unemployed or pay off debt, a personal loan is a viable option. When you need money fast, you may not ask too many questions when a lender approves your loan application, but you don’t want to make a mistake that will […] The post What to Consider When Choosing a Personal Loan Lender appeared first on Credit Absolute.

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Lendio

DECEMBER 14, 2023

You’ve invested years of training, built a solid book of loyal clients, and created a foolproof business plan. Now, you’re ready to start your independent beauty salon. But just like any savvy business owner, you must understand your overhead costs to run a beauty salon if you want to ensure business success. How much money do you need to open a salon?

Medical Billing 52

Medical Billing Credit Scoring Transactions Small Businesses 52

Reorg Blog

DECEMBER 12, 2023

In Part I of our debt collector sector review, we discussed the unfavorable nonperforming loan, or NPL, pricing dynamics for debt collectors over the last three years, following nearly a decade of strong pricing in the wake of the global financial crisis. Since we published Part I, the European Central Bank released the second edition of its 2023 Banking stability review, a biannual publication.

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Collector 64

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DECEMBER 14, 2023

In retirement, you’ll likely be living on a consistent budget with fixed monthly expenses. If that budget is ample, you should easily be able to meet all your needs. But if you want to live a more comfortable, confident, financially stable life, you’ll need a plan in place to ensure that your income and budget are able to meet all your needs consistently.

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