Sat.Nov 19, 2022 - Fri.Nov 25, 2022

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Do You Know What's Going on with Your AR?

Your Virtual Credit Manager

Photo by Erik Mclean on Unsplash As discussed in several prior newsletters, the threat of bad debt loss and diminished cash flow from delayed payments increases significantly during a recession. The reason is simple — most of your customers will be suffering lower sales volumes, discounted pricing, and their own cash flow shortages. This inevitably result… Read more.

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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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Can Your Small Business Secure Working Capital?

Eagle Business Credit

If you run a small business then you know how important working capital is. It takes money to make money, and you need cash on hand to expand your business. Being able to meet payroll, buy supplies, cover office space, and find new clients all requires strong working capital. There are several ways to secure working capital for a small business. Ways to secure working capital for your small business.

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E-Commerce Outlook: Success Strategies with Online Sales in Holiday 2022

Lendio

What will Cyber Monday look like this year? Earlier this month when Meta, a.k.a. Facebook and Instagram , laid off 11,000 employees, the company chalked up the reduction in staff in part to its underperforming e-commerce investments. . Meta laid off 13% of its staff in part because of an investment in e-commerce platforms that haven’t paid off.

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27 Small Business Tax Deductions: The Entrepreneur’s Guide to Tax Write-Offs

Beyond Capital Blog

Taxes may not be your favorite subject, but learning about small business tax deductions could keep more capital in your business. Learn how by diving into 27 of the most common small business write-offs. The post 27 Small Business Tax Deductions: The Entrepreneur’s Guide to Tax Write-Offs appeared first on Fast Capital 360.

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Free Yourself From Business Accounting by Outsourcing

Accounting Department

As the holidays approach, no business owner wants to be bogged down with accounting tasks, budgeting next year, or trying to prepare to close the books for 2022. Owning a business has many upsides to it, but one of the drawbacks for many is trying to keep track of the business's finances.

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How to Start a B2B Marketplace

TreviPay

For many business-to-business (B2B) buyers, Amazon Business may be their first experience in a B2B marketplace. It was launched in 2015 and is now the leading B2B marketplace in many areas. B2B marketplace development may seem to be currently lagging behind its business-to-consumer (B2C) equivalents, but it is a more complex concept in many ways. Either way, B2B is catching up fast.

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We Are Here: Thinking about Recession Risk

Loomis Sayles Credit Research

On the threshold of recession. Sad to say, we think the likelihood of a recession starting in 2023 is increasing. While the Federal Reserve has not explicitly forecast a recession, the unemployment rate projected in the Fed’s quarterly Survey of Economic Projections [i] is consistent with a recession forecast. While GDP rose in Q3 2022 [ii] and seems likely to rise mildly in Q4 2022, we have been seeing signs of weakness in the economic data.

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What are Liquid Assets? Small Business Owner's Guide

tillful

Life and business have a lot in common: They both have predictable ups and downs, as well as unforeseen circumstances that require us to scrap the schedule and change course. Liquid assets are a defense against expected and unexpected circumstances. Looking at small business owners, liquid assets are particularly important, serving as padding for the company while you operate and grow.

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Business Line of Credit Unsecured

BitX Funding

It is a fact that even if you are a start-up or a well-established business, you may need to access cash from time to time. Therefore, people look for ways to get money from online lenders or banks, but both are time-consuming. But what if I tell you that you can access a loan with which you can borrow money, pay it back, and borrow it from the same source without renewing it?

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7 Ways To Boost Customer Payment Portal Adoption

Emagia

Digital payments are quickly becoming the norm in developed countries around the world. In fact, an estimated 71% of global digital payment volume is routed through mobile devices and is forecasted to continue growing by over 10% annually. But that doesn’t mean your finance transformation project has guaranteed success – there are many things you can do to make it even more successful than it would be if you didn’t plan ahead.

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Shaking-it Up | 3 New Know-it Features You Need To Hear About!

Know-It Global

Here at Team Know-it we’re always striving to make Know-it the best platform it can possibly be! Over the past few months we’ve been hard at work developing new features and completely overhauling our pricing structure, making Know-it even more accessible to businesses just like yours. I’m Clara, Customer Success Manager here at Know-it. Keep reading to see a breakdown of our top 3 new features.

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More invoice financing rebranding?

Cpcmcredit Blog

News reaches me of another major rebrand within the asset finance sector. Not saying who just yet and will be fairly careful with my response following a somewhat hysterical (and telling) reaction from one particular lender’s marketing team following my criticism of a what virtually everyone acknowledges was a bizarre rebrand. A re brand where very strong positive identity was both replaced and overlooked with a name that seemed to have been culled from a list of unpleasant medical viruses

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Bad Credit Short-Term Loans

BitX Funding

A bad credit short-term loan is for borrowers with low credit scores or bad credit histories. Like all other loans, bad credit loans have fixed rates and are repaid in a fixed daily or weekly installment by the borrower. The repayment period is from three to twenty-four months, and the number of loans ranges from $5,000 to $500,000. The borrower doesn’t need any collateral for these loans because they are unsecured.

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Eberhard Equipment: From Long-Term Lessee to Property Owner in Santa Ana, CA

TMC Financing

Assisted living facilities are often good candidates for participation in the SBA 504 Loan and the Green Energy Program. The post Eberhard Equipment: From Long-Term Lessee to Property Owner in Santa Ana, CA appeared first on TMC Financing.

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A Smarter Way to Finance Equipment for Business

Team Financial Group

No matter your industry, or the services or products you provide, a key part of your company’s ability to be sustainable and profitable is having the right tools and equipment to get the job done. Since this holds true for virtually every enterprise, at some point your business will likely have equipment needs. When that happens, having access to financing that makes sense for your company is essential.

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Staying agile and ahead with fintech

Onguard

From mobile payments to peer-to-peer lending, fintech is changing the way we invest, bank and do business. Fintech encompasses all technology that improves financial services and products. In short, fintech makes our financial lives easier. And this is true not only for individuals, but especially for businesses. Fintech helps you scale your business!

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Short-Term Business Loans Online

BitX Funding

Short-term business loans online are those type of finance that is completely online. However, any lender can use the online application, but most well-established lenders and financial companies offer these loans to borrowers. Compared to traditional lenders, online lenders are more flexible regarding their qualifications and underwriting processes.

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Due Diligence Services: Types, Benefits & Process

MNS Credit Management Group

Prior to an acquisition, investment, business partnership, or bank loan, due diligence is a process of study and analysis that is started to determine the value of the topic of whether there are any substantial issues related to the diligence or the results of these investigations are then compiled in a report known as the due diligence report. Introduction.

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The next generation of fintech will be powered by these skills

ForwardAI

There is ample evidence that financial services and technology have the power to change companies, industries, countries, even the world. But financial services are designed and often delivered by people. Technology is built, implemented, and iterated upon by people. Both are used by, and for the benefit of, people. So, at the heart of it all is people — and people are powered by their skills.

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Why is branding important on a customer payment portal?

Emagia

Because it’s the first thing your customers will see when they visit your site! And, first impressions are everything. Creating a strong, memorable brand for your payment portal will help you stand out from the competition and attract new customers. Your brand is more than just a logo or color scheme. It’s the overall look and feel of your site, as well as the way you communicate with your customers.

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Renting a Car for Your Holiday Vacations

Credit Absolute

The holiday season is upon us and many of us will be taking time off work to visit family and friends or just to get out of town. With so many people going on vacations, the number of cars being rented increases dramatically. Unless you’re planning a staycation, it’s likely that you will need a […]. The post Renting a Car for Your Holiday Vacations appeared first on Credit Absolute.

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Credisense and Mambu Collaborate to Offer APAC Lenders a Next-Generation End-To-End Lending Solution.

Credisense

SYDNEY, 9 November, 2022: Credisense, a leading no-code origination, workflow and credit decisioning platform, has partnered with cloud-native SaaS banking and financial services platform Mambu, to accelerate the modernisation of lending systems in the Asia Pacific market. The partnership will provide lenders of all sizes with a flexible end-to-end lending platform that supports loan origination through to loan collections, all via a no-code, configuration-based technology stack.

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Hart Food Products Secures Multiple SBA 504 Loans to Acquire Property & Equipment

TMC Financing

Assisted living facilities are often good candidates for participation in the SBA 504 Loan and the Green Energy Program. The post Hart Food Products Secures Multiple SBA 504 Loans to Acquire Property & Equipment appeared first on TMC Financing.

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Rapping Up M20/20 ’22

ForwardAI

In this episode of Break Banks podcast, JP connects with Nick Chandi, CEO and Co-Founder, ForwardAI created to solve SMB cash flow problems. It’s difficult for small businesses to share their accounting data with banks and other financial players to speed access to secure financing. ForwardAI’s API enables SMBs to connect in an easy way to share data and bridges a gap for financial institutions, lenders and other fintechs to help SMBs stay financially healthy.

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Why Businesses are Increasingly Adopting Customer Payment Portals

Emagia

The trend of businesses increasingly adopting customer payment portals is an exciting one! By digitizing both invoicing and payments, businesses can save time and money while improving their customer experience. There are many benefits to using a customer payment portal. Perhaps most importantly, it can help businesses save money on processing costs.

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Inflation: Using Technology to Compete In a Changing Market

Credisense

The fundamental economic principle of a correlation existing between inflation and interest rates has long been established. In New Zealand, the Reserve Bank (RBNZ) is solely responsible for managing inflation using the OCR as the primary tool to control inflationary pressure on the purchasing power of the New Zealand Dollar, thereby safeguarding against rampant cost of living increases and keeping down the cost of raw materials sourced outside of the border.

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How to Use Home Equity for Debt Consolidation

Prosper

A person’s home is their castle, but being a homeowner has many benefits beyond simply becoming the ruler of your domain. One of the biggest benefits is the ability to use your home equity to access advantageous financing at lower rates than unsecured loans. This can be a powerful tool along your journey to financial empowerment, both for achieving financial goals and addressing challenges along the way.

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Fintech leaders on the trends and companies to know now

ForwardAI

A few weeks ago Devin Banerjee returned to Money20/20, one of the biggest global gatherings of fintech executives, investors, and entrepreneurs. With everybody thrilled to be returning in-person, the conversations flowed from morning to (late) night across Las Vegas. As with our “ future of money ” series at the event a few years ago, Devin again posed three timely questions to leaders on the ground: What fintech trend are you most excited about right now, and why?

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TransUnion Data Breach Latest Updates

Regal Credit Management

A week ago another major credit bureau was hacked — TransUnion LLC reported a data breach with the Massachusetts Attorney General after information in the company’s possession was subject to unauthorized access. The company collects and assembles information on over one billion consumers in more than thirty countries including 200 million Americans.