Your Virtual Credit Manager
SEPTEMBER 13, 2022
Photo by Jp Valery on Unsplash Payment deductions, also known as chargebacks or short pays, happen when the customer pays less than the full invoice amount. They occur because a customer does not receive your product or service as ordered, or feels the invoice is incorrect. Should you confirm that the customer is indeed correct, the deduction is removed from the Accounts Receivable (AR) ledger via a credit memo.
Abrigo
SEPTEMBER 15, 2022
Monitoring construction loans improves outcomes, study finds. Researchers find construction loans with more on-site inspections are less likely to default, suggesting that loan monitoring adds value to lenders. You might also like this webinar, "How to manage a high-performing construction loan portfolio." WATCH. Takeaway 1 "Bank Monitoring with On-Site Inspections" will be presented later this month and claims to be the first empirical study of bank monitoring within non-syndicated loans. .
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Lockstep
SEPTEMBER 14, 2022
Your Accounting Inbox Needs a Workflow Overhaul: Part 4. Email was never designed as an accounting tool. Using email to manage the inflow of communications and documents to/from customers and vendors may make sense on paper, but when scaling your operations, or when hiccups to your operations occur, email quickly outgrows its welcome for accounting teams.
Sky Business Credit
SEPTEMBER 16, 2022
Picture an outstanding high school athlete who is devoted to their sport. They have aspirations of making it to the pros, but there are lots of barriers between dreams and reality: their academics being the biggest factor. Instead of taking summer courses and attempting to get their grades up to make them admissible to four-year universities, they enroll at a junior college.
Waystar
SEPTEMBER 16, 2022
When it comes to patient retention and staff loyalty, healthcare practices are more challenged today. Growing consumerism in healthcare and industry changes that require more communication with patients aren’t going away. Thankfully, applying the right automation technology to your billing processes can help you keep more patients and staff for the long haul.
Abrigo
SEPTEMBER 13, 2022
How to balance AML priorities Transaction monitoring is a critical component of a strong BSA program and a risk-based approach will allow for the best use of valuable resources. . You might also like this risk assessment checklist for BSA/AML professionals. DOWNLOAD . Takeaway 1 Though BSA/AML professionals juggle multiple priorities, s uspicious a ctivity m onitoring is the cornerstone of a strong reporting system. .
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
The Corcentric Blog
SEPTEMBER 14, 2022
Leverage the continuing knowledge accumulation of procurement professionals who are constantly working with a wide variety of companies across a broad range of industries.
apruve
SEPTEMBER 14, 2022
80% of large enterprises believe they’ve built strong relationships with their SMB customers, but only 55% of SMBs agree. It’s a gap in perception that’s been years in the making. The SMB Perspective. There’s nothing small about the economic impact of small and medium-sized businesses (SMBs), which are generally defined as companies with fewer than 100 employees and annual revenue of less than $50 million.
StackSource
SEPTEMBER 14, 2022
Interest rate caps are implemented by lenders to protect borrowers from potential rate increases. Capital Advisor Freddy Johnson explains in-depth how rate caps work, why they exist, and what to expect if coming into contact with them.
Credit Tools
SEPTEMBER 14, 2022
What impact on trade credit and payment delays between professionals?
SMB Commercial Lending
SEPTEMBER 13, 2022
The U.S. Small Business Administration (SBA) recently awarded grants resulting in funding for 52 state and territory international trade agencies across the country – the highest number of grantees since the program’s inception. The awardees were selected after a highly competitive application process to SBA’s State Trade Expansion Program (STEP). Since its creation in 2010 as part of The Small Business Jobs Act, STEP has recorded over $3.8 billion in exports with more than 12,000 small business
Beyond Capital Blog
SEPTEMBER 13, 2022
For small businesses, preparation is key to drive more sales during the holiday season. Here are some tips to help you get it done. The post 10 Ways to Prepare Your Business for Holiday Sales appeared first on Fast Capital 360.
MSCCM
SEPTEMBER 13, 2022
Inflation has reached record-breaking levels in the past year. With so many supply chain disruptions, this is a predictable if troubling result. In the wake of another inflation spike, the Federal Reserve has increased interest rates, and another increase is expected to follow. What do commercial creditors and debtors need to understand about inflation, interest.
Credit Tools
SEPTEMBER 13, 2022
What is the role of credit management in an economic world where paradigm shifts are accelerating and becoming more and more necessary, certainly vital?
Skogen Capital Lending
SEPTEMBER 12, 2022
Small wholesale businesses that resell products often face a dilemma when they receive large orders. Their suppliers typically insist that they prepay for goods, but they may not have enough financial reserves to handle the transaction. This creates the risk of competitors taking over the orders. A solution to this difficulty is purchase order financing, which enables companies to accept large orders, fulfill them, and grow their businesses.
Beyond Capital Blog
SEPTEMBER 12, 2022
When should you start looking for temporary staff? Ease your holiday hiring woes with these tips for finding seasonal employees. The post ‘Tis the Season for Holiday Hiring appeared first on Fast Capital 360.
Abrigo
SEPTEMBER 14, 2022
What banks need to know as the CFPB gets closer to its final rule Banks, credit unions, and other creditors may be required to collect more data for each application under a new rule. You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." WATCH . Takeaway 1 The CFPB's proposed rule would require any lender with 25 or more covered transactions to collect more data for each application.
Credit Tools
SEPTEMBER 13, 2022
What is the role of credit management in an economic world where paradigm shifts are accelerating and becoming more and more necessary, certainly vital?
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