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The COVID 19 pandemic has exacerbated the effects of what was already a demanding industry to work, making staffing even more difficult. For example, 60 – 75% of clinicians report symptoms of exhaustion, depression, sleep disorders, and PTSD; while nurses are equally stressed, said Dr. Victor Dzau (President of the National Academy of Medicine). These are jarring figures on a human level.
As the Federal Reserve tightens interest rates at the highest level in over 20 years, it’s a good time to review your manual accounts receivable (AR) processes to seek out your unresolved cash traps. Even with rates on the rise, bank lending is accelerating faster than in recent years. It’s no surprise that rising interest rates are causing companies to evaluate their AR and cash position. .
Taking the CAMS exam: Are you ready to be a student again? These expert tips for studying and reviewing ACAMS material can help you pass the CAMS exam with flying colors. Would you like other articles on BSA/AML training in your inbox? Takeaway 1 Determine your learning style to find study practices that will help you learn and retain information. Takeaway 2 Focus on your weakest areas and use ACAMS flashcards and practice exams for review.
These days, there is a lot of financial help available for small businesses. As a business owner, you always want to have choices, but it can be confusing: how do you know which option is right for your business? Here is a simple breakdown of the financial help available and why a capital advance may be the best option for you. Grants: A grant is non-repayable financial assistance, typically provided by the government, to fulfill a specific purpose.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
What are the advantages of the Indian Factoring Regulation Act ? When financial institutions like NBFCs are ready to take on the risk of collecting pending receivables, it gives MSME business owners more options. Many MSME owners, for example, may be unwilling to wait for payments and may be eager to sell their receivables at a discount. Furthermore, the risk of collecting receivables can deter many risk-averse people from entering the MSME area.
Are your billing and collection methods getting the job done? If it takes too long to get paid, speed up the process with these tips. The post 9 Accounts Receivable Best Practices You Can’t Be Without appeared first on Fast Capital 360.
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Are your billing and collection methods getting the job done? If it takes too long to get paid, speed up the process with these tips. The post 9 Accounts Receivable Best Practices You Can’t Be Without appeared first on Fast Capital 360.
Since the Horizon data breach was discovered five months ago, the number of Horizon Actuarial Services customers and individuals affected by the attack has increased significantly. As of today, over 1 million records have been stolen including: Full names Dates of birth Social Security Numbers Health plan information including beneficiaries and family members.
How to Measure and Implement Automation to KPIs for Accounts Receivable - Steps 2 and 3. Do you need to make a dent in that pile of overdue invoices? One effective way to improve collections is to be aware of industry benchmarks and follow best practices to guide you. Developing KPIs for Accounts Receivable efforts is a great way to track your progress and build an effective A/R strategy.
The Buy Now, Pay Later (BNPL) market is exploding. This offers great opportunities for e-commerce players, as well as traditional and disruptive financial services providers. The rise of BNPL is attracting new fintech companies. At the same time, it’s also stirring the interest of big tech players. This growing popularity is also leading to greater vigilance from the regulators.
Why borrowing from lenders that report to credit bureaus can improve your credit score and alternative lenders that do so. The post Which Business Lenders Report to Credit Bureaus? Here’s Our Cheat Sheet appeared first on Fast Capital 360.
We’ve been in a low interest rate market for a long time, which means borrowing money has been cheap. As that environment changes, any variable rate debt your business holds can get more and more expensive. However, with high inflation in the mix, holding cash is also a losing proposition. For growing businesses, or organizations that need to replace outdated equipment , this can present a challenging scenario.
Every new year brings new commercial credit trends and concerns. Now, with 2022 well and truly underway, it’s a good time to examine what the industry faces moving into the rest of the year. From digitization to fraud, what should you look out for in the B2B payment world in the second half of 2022? Read More » The post B2B Payment Concerns in 2022 first appeared on MSCCM.
Having an effective exit strategy is always important when purchasing a property. This blog highlights three of the most common exit strategies, their key differences, and why they matter.
Find out when to use simple interest or amortized loans to purchase assets and finance your business’s growth. The post Amortization vs. Simple Interest Loans: Our Guide appeared first on Fast Capital 360.
The Debt collections business is primed for even greater transformation in 2022, which should come as no surprise. The latest modification to Reg F, lenders’ digital-first strategy to engaging with consumers, and the improving economy are all going to make things more difficult for third-party collectors. Changes in customer behaviour and the termination of industry-specific moratoriums are exacerbating the situation.
P2B Solutions is a company created in 2015 and editor of the Saas software My DSO Manager used by more than 1100 companies in 85 countries. With a strong development in France and abroad, it has.
The more you accomplish in the office, the better your company’s odds of success. Time management is a major key to productivity, yet it’s elusive for some business leaders. Here are some tips on getting as much done as possible every day. Create Lists. Having a daily roadmap that tells you exactly what to do can be helpful. Before each workweek, write out what you want to achieve and estimate how long each assignment is likely to take.
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