RevCycle

JUNE 27, 2024

By this point you’re certainly aware of the changes around the credit reporting of medical debt, which to recap are: Medical debts that have been satisfied will no longer appear on credit reports The amount of time before medical debt can be reported to the credit bureaus has doubled, from 180 days to one year Medical debt in collections of under $500 dollars will no longer appear on credit reports As the graph below shows ( courtesy of Urban Institute ); this has had the intended effect of clea

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Bad Debt Debt Collections Credit and Collections Credit Scoring 183

Your Virtual Credit Manager

JUNE 25, 2024

In order to maintain optimal cash flow, your accounts receivable (AR) portfolio needs to remain in good shape. That can be a constant battle because all the mis-steps made during the order-to-cash (O2C) process will accumulate in your AR, and given time, clog it up. To prevent that from happening, you need to proactively monitor your AR and be ready to address any fundamental changes.

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Bad Debt Credit and Collections DSO Days Sales Outstanding 130

blue dot counseling

JUNE 25, 2024

You’ll know when its time to change accountants. Cloud accounting has closed the gap between a business and their accountant and, although we’ve always thought there should be ongoing dialogue and contact throughout the financial year, there really is no excuse these days for that not to be the case. What are you looking for […] The post It’s time to change accountants appeared first on Blue Dot Consulting.

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biz2credit

JUNE 25, 2024

Being a business owner means juggling multiple priorities at the same time. When you have strong cash flow and a good profit margin, it’s fairly easy to cover operational costs. But when circumstances change—due to a slow period, increased competition, an unexpected expense, or even a new growth opportunity—where do you find the cash to … Continue reading "How Working Capital Loans Can Support Your Business Operations" The post How Working Capital Loans Can Support Your Business Operations

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Abrigo

JUNE 28, 2024

Navigating interest rate management in today's environment As regulators focus on interest rate risk management, read about what financial institutions can do to be ready for a rate drop. You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance." WATCH Takeaway 1 Many financial institutions are questioning where rates are headed and how to structure their ALM strategies accordingly.

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CECL Credit Unions Credit Risk 78

Due

JUNE 26, 2024

The Department of the Treasury has set its sights on a shadow banking group’s billions of dollars. The Treasury’s Office of Foreign Assets Control (OFAC) has been hunting over fifty entities linked to shadow banking to fund and exacerbate terrorist actions. Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL) and Islamic Revolutionary Guard Corps (IRGC) are central to the web of hidden banking.

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Transactions 97

blue dot counseling

JUNE 23, 2024

The closest thing to a silver bullet in credit control is using a direct debit service. The post 10 ways to get paid on time appeared first on Blue Dot Consulting.

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Credit Management 97

Abrigo

JUNE 27, 2024

How does your AML program detect structured cash transactions? Read this blog to learn the definition of structuring, why it is illegal, and some examples of structuring scenarios that can help banks understand customer behavior and intent. Would you like other articles like this in your inbox? Takeaway 1 When reviewing customer activity for instances of structuring, it is important to look for patterns in behavior as well as an intent to structure.

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Transactions CECL Credit Unions Credit Risk 78

Sky Business Credit

JUNE 22, 2024

On its face, Merchant Cash Advance (MCA) loans may seem like a dream come true. For businesses desperate to plug a cash flow gap, MCAs are positioned as a quick-fix financial solution for businesses that lack credit and collateral. In reality, there’s much more to consider before committing yourself to this financial arrangement. Four things to consider before you take a Merchant Cash Advance (MCA): 1.

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Small Businesses 90

Enterprise Recovery

JUNE 28, 2024

Certain qualifications and skills can make a difference in your business's financial success. Consider the following traits for your A/R specialist job description and hire someone who will ensure your financial records are solid and your clients pay on time. Here are some key qualities and skills to look for in an accounts receivable specialist.

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Accounting Department

JUNE 27, 2024

In today’s fast-paced business environment, entrepreneurs and business owners must find ways to streamline operations, improve efficiency, and scale effectively. Traditional enterprise resource planning (ERP) systems have long been associated with large enterprises.

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Credit Management Group UK

JUNE 25, 2024

Welcome to our June Credit Management News blog. We have given you snippets of the latest topics that we hope are of interest to you and provide information to help with your business. If there is anything you would like to see more of in our round ups let us know: CREDIT MANAGEMENT SMEs struggling to pay HMRC High interest rates seen as a threat to half of business owners One in five SME say late payments problems have become worse REGULATION & COMPLIANCE Small firms call for next Governmen

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Credit Management 61

Loomis Sayles Credit Research

JUNE 28, 2024

The UK heads to the polls on 4 July, with predictions pointing to a sweeping Labour victory. This would mark the first Conservative-to-Labour transition in 27 years. Major political shifts in the UK have historically been followed by profound economic changes, and this occasion might be no different. Rachel Reeves, who will become Chancellor of the Exchequer in a Labour government, has outlined a comprehensive framework for Labour’s economic policy, focusing on addressing Britain’s supply-side c

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TMC Financing

JUNE 26, 2024

TMC Financing Facilitates SBA 504 Property Acquisition for Beloved Toy Store Santa Paula, CA – Nanni and Deeda’s Toys, an LGBTQ-owned and women-owned business, successfully leveraged the Small Business Administration’s. The post Nanni and Deeda’s Toys: Creating a Haven for Community and LGBTQ+ Inclusion appeared first on TMC Financing.

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Small Businesses 59

Accounting Department

JUNE 26, 2024

From a manufacturing perspective, inventory is everything for business owners that can significantly impact their financial well-being. That is why effective inventory management is of utmost importance for manufacturers or other businesses that keep things on the shelves.

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Due

JUNE 23, 2024

People dream of the day they’ll retire. They work hard for decades to reach the time they can hang up their work keys and finally pursue their outside interests. Some people have plans to travel, while others want the freedom to putt around as they see fit. They may want to spend more time with family, move closer to grandkids, or finally finish their memoir.

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Medical Billing Credit and Collections 59

Reorg Blog

JUNE 28, 2024

The post UPDATE 1: Court Grants FTX Examiner Authority to Conduct Additional Investigations Into S&C’s Prepetition Work, FTX.US Balance Sheet Issues appeared first on Reorg.

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Grit

JUNE 27, 2024

Updating variation sale prices in BigCommerce can be a complex and time-consuming task, particularly for stores with extensive product catalogs. According to a report by Forbes, e-commerce sales are expected to reach $6.3 trillion by 2024. This massive growth underscores the importance of staying competitive in the online marketplace. This guide aims to simplify the process, providing an overview of the most effective methods and tools to bulk update variation sale price in BigCommerce efficient

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biz2credit

JUNE 27, 2024

Securing a commercial property loan is a pivotal step for any business looking to invest in real estate. These loans provide the capital to purchase, develop, or renovate commercial properties, which can be essential for expanding your business operations, increasing revenue, and building long-term wealth. This guide provides a detailed walkthrough of the loan acquisition … Continue reading "A Guide to Securing Commercial Property Loans" The post A Guide to Securing Commercial Property Loa

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Due

JUNE 28, 2024

Want to boost your savings and make every paycheck count? As a budget-saver, I’ve spent years uncovering the most effective strategies to help you grow wealth. In this article, you’ll read the top 8 money moves to make as soon as your paycheck hits your bank account. These proven tips will help you save more, invest wisely, and build a rock-solid financial foundation for long-term success.

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Brokerages 52

Reorg Blog

JUNE 28, 2024

The post Court Previews Ruling Voiding Wesco/Incora Uptier Exchange, Invites Participants to Request Equitable Relief From Decision Leaving Them With Unsecured Claim for $250M in New Money appeared first on Reorg.

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Grit

JUNE 27, 2024

In the world of eCommerce, customer service plays a pivotal role. According to a recent report, six out of ten customers are likely to do more business with companies that offer good customer service. This statistic highlights the importance of effective customer service, especially for BigCommerce stores. Excellent customer service enhances user experience, boosts retention, and improves overall store performance.

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lsq

JUNE 26, 2024

ORLANDO, Fla. (June 26, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated an accounts receivable credit facility for a Louisiana-based AI software and services company. The company was referred to LSQ by a wealth management partner. As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management. “The company is on track for remarkable growth, and the added working ca

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Credit and Collections Bankruptcy Credit Management 52

Due

JUNE 28, 2024

These days, it’s relatively easy to start and manage an online business. That’s why so many retirees are using side businesses that generate passive income as part of their retirement plans. However, if you want that passive income stream to continue, you’ll need to make sure your businesses are resilient. How do you do it? The Power of Businesses for Passive Income It’s hard to overstate just how powerful a passive income business can be for generating retirement income

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Cybersecurity 52

Chaser

JUNE 26, 2024

As the CEO of an accounts receivable automation software company, understanding the receivables landscape and the legal intricacies that affect our clients is crucial. The recent decision in Sian v Halimeda [2024] UKPC 16 is a landmark ruling that underscores the importance of receivables management and its broader impact on the industry.

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Grit

JUNE 24, 2024

The world of eCommerce is growing at a rapid pace. According to Statista, online sales are expected to reach $6.87 trillion by 2025. BigCommerce Multi Storefront (MSF) is a powerful feature that allows businesses to manage multiple online stores from a single BigCommerce account. This capability is ideal for companies with diverse product lines, target audiences, or geographical locations, providing a streamlined approach to expanding their online presence.

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Dashboards 52

Gaviti

JUNE 25, 2024

Wouldn’t it be nice to be able to accurately predict your future cash flow? You could better allocate funds and make more informed business decisions. Luckily, you can with accounts receivable forecasting. Accounts receivable forecasting is like having a financial crystal ball. While it might be a challenge, depending on how you manage your accounts receivable, forecasting is a powerful tool to help you grow your business.

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Due

JUNE 28, 2024

Whether or not you have TikTok downloaded on your phone, you probably know about the popular social media app. With more than one billion active users worldwide, the video platform has dug into the cultural zeitgeist. You can’t escape the op-ed pieces about how the app is ruining the youth’s attention spans or how TikTok trends trickle down to other social media, like Instagram, YouTube, and even Facebook.

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Credit Scoring Credit and Collections Bankruptcy Credit Management 52

blue dot counseling

JUNE 24, 2024

Too many bookkeepers and accountants concentrate on the data entry side of bookkeeping and don't give nearly enough thought to the information that needs to come out of the other end. The post Do you have the right financial information to run and improve your business? appeared first on Blue Dot Consulting.

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Reorg Blog

JUNE 24, 2024

Reporting: Hugh Minch A previous version of this story stated that SMBC is marketing a new CLO for Churchill Asset Management. This statement was incorrect and has been removed.

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Transactions 52

TMC Financing

JUNE 24, 2024

We are thrilled to announce that TMC Financing has been honored as one of the ‘Best Places to Work’ by the San Francisco Business Times for the eighth time! This. The post TMC Financing Recognized as One of Bay Area’s Best Places to Work by San Francisco Business Times appeared first on TMC Financing.

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