Credit Research Foundation
AUGUST 28, 2024
Is leadership a learned or a genetically inherited trait among credit professionals? I’m sure this is a topic that can be debated by some of the brightest minds in the world, but one thing can’t be debated: at the Credit Research Foundation ( CRF ) the brightest minds in the industry gather to educate, network and share their learnings with each other.
Your Virtual Credit Manager
AUGUST 27, 2024
Imagine a world where extending trade credit was completely risk-free, and granting open terms of sale to business customers required no second thought. In such an ideal scenario, every customer would have both the ability and the integrity to pay their bills in full and on time, eliminating any need for a credit management. But reality matches to a different tune.
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Accounting Department
AUGUST 29, 2024
In the dynamic world of small business, staying ahead means constantly measuring and optimizing performance. That's where Key Performance Indicators (KPIs) come in. These metrics help business owners, entrepreneurs, and startups monitor their progress, identify areas for improvement, and make data-driven decisions. Now that we understand the importance of KPIs, let's focus on the top 5 essential KPIs for e-commerce businesses.
Enterprise Recovery
AUGUST 30, 2024
A business credit score is crucial for your company's financial health and reputation. It reflects your ability to manage credit responsibly and can impact your ability to secure financing, negotiate favorable terms with suppliers, and attract potential business partners. A strong business credit score demonstrates your reliability as a borrower and opens up opportunities for growth and expansion.
biz2credit
AUGUST 27, 2024
Disclaimer: Information in the Business Financing Blog is provided for general information only, does not constitute financial advice, and does not necessarily describe Biz2Credit commercial financing products. In fact, information in the Business Financing Blog often covers financial products that Biz2Credit does not currently offer. Even when they have financing needs, many small business owners … Continue reading "A Guide to Short-Term Business Loans for Small Businesses" The post A Gui
Abrigo
AUGUST 30, 2024
Prepare now for potential changes to FHLBs Capital rules and membership criteria are among the areas where banks could see changes in how the Federal Home Loan Bank system operates. You might also like these popular resources on interest rate risk, liquidity, and CECL. See resources Takeaway 1 The FHLB system faces potential changes in its structure, operations, and mission that could affect financial institutions.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Accounting Department
AUGUST 28, 2024
In today's fast-paced business world, growing companies often find themselves accumulating multiple applications to enhance productivity. However, without proper integration, these applications can lead to siloed operations and data redundancies, ultimately hampering efficiency.
Lendio
AUGUST 30, 2024
Business loans are crucial for helping small businesses thrive by providing the necessary capital to cover startup costs, invest in inventory, or upgrade equipment. For many small business owners, these loans are not just a means to an end; they are a lifeline that enables them to seize growth opportunities and navigate the challenges that come their way.
Abrigo
AUGUST 26, 2024
CECL model risk assessments Possible areas of material misstatement in a CECL model can be identified with a risk assessments. You might also like this webinar: "Conducting an effective Q factor framework." WATCH Takeaway 1 The forward-looking CECL approach to estimating the allowance for credit losses introduces risks that auditors and examiners are scrutinizing.
blue dot counseling
AUGUST 30, 2024
All good until it came to getting paid. It turned out that the retailer was happy to pay our client's invoices somewhere between 90 and 120 days after presentation. The post Slow payments kill a company appeared first on Blue Dot Consulting.
Due
AUGUST 30, 2024
A California man has been sentenced for his part in a Medicare and healthcare fraud scheme. John Thropay, M.D., 75, was sentenced today to 37 months in prison for his role in a $2.8 million fraud scheme. The Department of Health and Human Services Office of Inspector General (HHS-OIG) and the FBI investigated the case. California man sentenced for Medicare fraud Thropay was initially convicted in February of this year (2024) by a federal jury for one count of conspiracy to commit healthcare frau
CreditStrong for Business
AUGUST 30, 2024
Credit bureaus no longer can include eviction record entries in consumer credit reports following changes implemented by the Consumer Financial Protection Bureau, an agency associated with the Fair Credit Reporting Act. However, any remaining rent owed is generally considered unpaid debt that a collection agency will pursue. Collection accounts stemming from the eviction may be reported to credit bureaus and may remain as part of a consumer’s credit record for seven years.
Chaser
AUGUST 30, 2024
Accurate recording keeping is a vital aspect of any businesses and nowhere is this more true that in your accounts receivable (AR) department. The beating heart of your finances, effective management of your accounts receivable is crucial to maintaining cash flow.
blue dot counseling
AUGUST 30, 2024
We could see what the cashflow would look like if the money came in late - the day when the overdraft limit would be exceeded and by how much. The post Do you remember when we had to do a daily cashflow forecast? appeared first on Blue Dot Consulting.
Due
AUGUST 30, 2024
Often cloaked in jargon and misconceptions, annuities are a complex financial instrument with fees, surrender charges, and other complexities. Therefore, if you’re considering adding annuities to your retirement portfolio , you should arm yourself with knowledge. In order to make it easier for you to navigate the annuity topic, we compiled a list of the 12 best annuity books.
CreditStrong for Business
AUGUST 30, 2024
As a business owner, finding the right credit card is an important step in building your business and getting perks and rewards along the way. While you can technically use a personal credit card, it’s best to get a business credit card that can offer a higher credit limit, report your payments to the commercial credit bureaus, and give you features that are better tailored to your company’s needs.
GoCardless
AUGUST 29, 2024
Exploring the key benefits of automatic payment reconciliation for sports clubs.
Gaviti
AUGUST 29, 2024
Your accounts receivable (A/R) collections process seems simple enough on paper. You provide services, send an invoice, and collect payment. Right? Not so fast. Many different accounts receivable collection techniques exist, and many of them should be used in conjunction with one another for the best results. Let’s review a few of the most popular ones so that you can verify that you’re doing all you can to optimize your accounts receivable collections.
Due
AUGUST 29, 2024
Several BP, Mobil, and Sunoco gas stations have been forced to pay over $1m in back wages and damages. The charges come as part of a Department of Labor investigation into employment conditions at the locations across Bronx, Nassau, and Suffolk counties. “The U.S. Department of Labor does not hesitate to pursue all actions, including litigation, to protect workers whose employers fail to fulfil their legal obligations,” said Regional Solicitor of Labor Jeffrey S.
CreditStrong for Business
AUGUST 30, 2024
We researched and found four business credit cards that might help you establish credit with Dun & Bradstreet (D&B). Capital One, Chase, Citi, and Discover report payments and all account activity to D&B for business credit cardholders. American Express business credit cards might appear on your D&B business credit report too, but only if your account becomes delinquent.
Grit
AUGUST 29, 2024
Mud Australia: Optimize Out-of-Stocks Process with BackOrder BackOrder has been a great help in managing our out-of-stock problems. It's easy to use and works well with our existing systems. Sarah Parker - Global Head Of Marketing & Ecommerce Try BackOrder Now Problems Relied on manual processes to manage out-of-stock products. Wasted time and resources on inventory management.
Gaviti
AUGUST 29, 2024
No modern business can hope to thrive without the ability to predict the future. This may sound impossible, but forecasting is a skill. It is also a science that artificial intelligence has mastered. Short-term accounts receivable forecasting is especially difficult because it involves digging beyond general patterns. Regardless of the deadline on the invoice, you must determine when and if clients might pay.
Due
AUGUST 29, 2024
An Arizona man has pleaded guilty to defrauding the IRS and the U.S. Small Business Administration (SBA). Roy L. Layne submitted the guilty plea after the court documentation showed that he knowingly defrauded the United States government across a financial year. The Justice Department’s Tax Division made the announcement in connection with the District of Arizona.
CreditStrong for Business
AUGUST 30, 2024
Did you know that the industry code your business falls under could affect your chances of getting business financing? Certain NAICS codes carry a level of risk that tells potential lenders a lot about your business. In this article, we’ll go over what constitutes a low-risk and high-risk industry and why it matters to your lender. What Are Some Low-Risk NAICS Codes?
Reorg Blog
AUGUST 28, 2024
The post Cooperation Agreement Regarding PREPA Plan Opposition Amended, Extended to March 31, 2025, After National Joins; Signatories Now Represent More Than 61% of Outstanding Bonds appeared first on Reorg.
Grit
AUGUST 27, 2024
Order management is a critical aspect of running a successful eCommerce business. An Order Management System (OMS) helps streamline and automate the order fulfillment process, from the moment a customer places an order to the final delivery. For BigCommerce store owners, an OMS can provide significant benefits that improve operational efficiency, customer satisfaction, and overall business growth.
Due
AUGUST 29, 2024
Retirement homes and assisted living centers are no longer the miserable accommodations of the past—no more stuffy buildings with single-room living quarters, bingo, and lousy food. Society, especially retired seniors, has modernized and become progressive, as have retirement communities. Many options are available to retirees today, and it’s essential to consider your options when deciding on the best living situation for you.
CreditStrong for Business
AUGUST 30, 2024
Good credit is essential for obtaining the financing many businesses need to grow their operations. If your business credit has suffered some setbacks, you’ll need to rebuild it before applying for new loans or credit cards. Repairing bad credit works a little differently from establishing it the first time. Here’s what you need to do. Step 1: Get Access to Your Credit Scores and Reports The first step in every credit repair journey is to get an accurate picture of your current credit situation.
Reorg Blog
AUGUST 28, 2024
Warner Bros. Discovery and TBS filed a lawsuit in New York state court against the NBA to enforce TBS’ rights to distribute NBA games through the 2035-36 season.
TreviPay
AUGUST 27, 2024
A review of B2B Payments Roadshow – London, June 2024 In the early days, I didn’t realise that my journey through the payments world would be such an adventure. When I set Vendorcom up in 2003, I set out on what I thought might be a challenging, but fairly direct, trip from A to B through the implementation of Chip & PIN in the UK. Since then, I’ve discovered the almost endless possibilities and unbounded potential as the journey reveals a series of twists and turns, new encounters, forks in
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