Abrigo
JULY 10, 2020
Key Takeaways It's important for financial institutions to find a balance between detecting suspicious activity without being so broad that BSA professionals are bogged down with false positives. Rules-based and behavior-based approaches both have pros and cons when used exclusively. To zero in on suspicious activity, typologies can be used to more accurately assess behaviors.
Fundera
JULY 10, 2020
A fiscal year marks the beginning of your annual financial records. It’s a stake in the ground that demarcates when your company’s year begins, and it doesn’t just have to be when the ball drops on New Year’s Eve. Even if you don’t handle your own business accounting processes, you should understand what a fiscal year is and how to determine one for your business.
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GoCardless
JULY 7, 2020
Find out what information is needed for a wire transfer, and more, right here.
Pactola
JULY 7, 2020
Commercial Mortgage Backed Securities (CMBS) report an increase of 317 basis points in delinquencies to 10.32% in June. This is close to the all-time high of 10.34% of delinquency in July 2012. This number could go even higher in July as another 4.1% of the commercial loans were over 10 days delinquent but were less than 30 days late at the end of June.
Abrigo
JULY 10, 2020
Key Takeaways It's important for financial institutions to find a balance between detecting suspicious activity without being so broad that BSA professionals are bogged down with false positives. Rules-based and behavior-based approaches both have pros and cons when used exclusively. To zero in on suspicious activity, typologies can be used to more accurately assess behaviors.
Fundera
JULY 10, 2020
If your business utilizes invoices to collect payment from your customers, then you know how important these documents are to your business accounting operations—and much more. Failure to invoice correctly and in a timely manner can lead to cash flow issues and lost revenue for your business. It can also put a strain on your relationships with your customers.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Abrigo
JULY 5, 2020
Key Takeaways Credit unions participating in the Paycheck Protection Program (PPP) found that the right technology helped them serve business members when they needed help and also gain new members. Technology that makes it easier to meet credit union members’ ongoing needs also will factor importantly into growing relationships beyond the pandemic and economic crisis.
Fundera
JULY 8, 2020
Opening a franchise can be the perfect option for people with an entrepreneurial spirit who may not want to build a business from scratch for a number of reasons. Like other franchises, opening a Taco Bell franchise enables franchisees to open a business within the framework of a larger corporation. Of course, with the many advantages of franchises , there are also downsides to consider.
Fundera
JULY 5, 2020
Top Worldpay Alternatives. Braintree Payments. Authorize.net. Square. Fattmerchant. Partnering with a reliable payment processor to facilitate all your payments, whether in person or online, is incredibly important. But navigating the world of payment processors is probably one of the least fun things you will do in your tenure as a small business owner.
Fundera
JULY 9, 2020
When you decided to become a small business owner, it likely wasn’t because you love doing administrative human resources work, but as your business grows, it’s a necessary part of the job. Luckily, there are plenty of software solutions to help streamline and automate your small business HR processes. . In this guide, we’re going over the details of just two of the many HR software platforms out there to help you get one step closer to choosing the right software for you.
Fundera
JULY 6, 2020
What do you get when you cross entrepreneurial spirit with an animal lover? Pet business ideas. For those who love to work with animals and also want to start a business , there’s nothing better than combining a passion with a way to make a lucrative—and fulfilling—career. Of course, launching a business and making it profitable takes a lot of hard work.
GoCardless
JULY 10, 2020
Learn more about the best payment gateway for international payments.
GoCardless
JULY 10, 2020
Here are some useful tactics for encouraging customers to switch
GoCardless
JULY 7, 2020
Understand accounts receivable in more depth with GoCardless.
Fundera
JULY 5, 2020
Many small business owners choose to incorporate their business. Corporate business entities come with tax advantages and liability protections. Should you decide to set up a corporation, however, you’ll need to choose between an S-corporation and a C-corporation. Although a C-corp is the default type of corporation, S-corps can be a great option for small businesses—offering many of the advantages of a corporation with additional tax flexibility.
Fundera
JULY 6, 2020
When starting a small business, it can be advantageous to structure your company as a C-corporation. Corporate business entities have several benefits in terms of taxes, liability, and the ability to raise money. Plus, incorporating your company sends a positive sign to investors and customers about the legitimacy of your business. Although you can elect to structure your business as an S-Corp, C-corps are the traditional corporate structure.
Fundera
JULY 4, 2020
Top Recession-Proof Business Ideas. Home repair business. Freelancing. Reselling items online. Bookkeeping, accounting, or financial planning. Car repairs. Gig or temp work. Online teaching. Online beauty business. Corporate cleaning services. Food and beverage business. In case you had any doubts about it, the U.S. has officially entered a recession since the COVID-19 outbreak. [1] True, it may seem like the economy has shuttered entirely, but the reality is that not every business is doomed to
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