Sat.Aug 24, 2024 - Fri.Aug 30, 2024

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Where Leadership Reigns

Credit Research Foundation

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.

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FHLB reform: Implications for financial institutions

Abrigo

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.

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5 KPIs to Help Drive Your E-commerce Business

Accounting Department

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.

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Steps to Rebuild Your Business Credit Score

Enterprise Recovery

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.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Wheel Pros Prepares for Potential Bankruptcy Filing as Soon as Next Week

Reorg Blog

Wheel Pros is preparing for a potential chapter 11 filing as soon as next week after the wheelmaker and distributor missed an interest payment last month.

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Transforming Business Efficiency with Seamless Systems Integration

Accounting Department

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.

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Slow payments kill a company

blue dot counseling

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.

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Small Business Loan Statistics and Trends

Lendio

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.

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California Medicare fraud doctor sentenced

Due

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

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Benchmarking ROI with Forrester: Measuring the Success of Finance Transformation

Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!

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How Long Does an Eviction Stay on Your Credit Report?

CreditStrong for Business

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.

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Do you remember when we had to do a daily cashflow forecast?

blue dot counseling

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.

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Accurate record keeping: the secret to accounts receivable success

Chaser

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.

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BP, Mobil, and Sunoco gas stations forced to pay over $1m in back wages and damages

Due

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.

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4 Business Credit Cards That Report to D&B

CreditStrong for Business

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.

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How to Improve Short-Term Accounts Receivable Collections Forecasting

Gaviti

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.

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Cooperation Agreement Regarding PREPA Plan Opposition Amended, Extended to March 31, 2025, After National Joins; Signatories Now Represent More Than 61% of Outstanding Bonds

Reorg Blog

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.

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Arizona resident pleads guilty to Covid-19 relief fraud

Due

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.

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The Best Low-Risk Industries for Business Credit

CreditStrong for Business

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?

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B2B Payments: Adventure Lies Beyond the Crossroads

TreviPay

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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Battle for the Gateway

Reorg Blog

With cable and satellite multichannel video programming distributors no longer serving as the exclusive gatekeepers of television, a battle is underway across legacy video bundle participants and legacy streaming services to function as streaming gateways.

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Injectable Stem Cell product manufacturer pleads guilty to illicit scheme 

Due

A California-based owner of a pharmaceutical owner pleads guilty to an illicit scheme involving Injectable Stem Cell products. John W. Kosolcharoen was hauled in on charges that his dodgy drugs breached the Federal Food, Drug, and Cosmetic Act and also caused multiple hospitalizations. “Unapproved stem cell treatments not only endanger public health but also exploit the hopes of patients who seek relief from the most serious of diseases,” said Principal Deputy Assistant Attorney General Brian Bo

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A Step-By-Step Guide on How to Dispute Credit Report Errors

CreditStrong for Business

You’ve taken the time to review your credit report, but some of the information isn’t correct. You may even see an account reporting to your credit that is expired or doesn’t belong to you at all. The best thing you can do in this scenario is disputing the error. A credit report mistake could be the cause behind a low credit score. This affects your ability to qualify for the credit you need and how much you pay for it.

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Accounts Receivable Turnover Ratio: What Is It & How to Calculate It

TreviPay

When it comes to financial management, few metrics come close to the importance of the Accounts Receivable Turnover Ratio. It is crucial in determining how efficiently a business is collecting payments from customer credit purchases during a specific period of time. Increasing your Accounts Receivable Turnover Ratio, can result in enhanced financial stability, improved profitability and sustained long-term growth.

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5 surprising things we learned about SMBs and tech

Plooto

Small businesses are increasingly turning to technology in order to overcome modern business challenges. Technology allows SMBs to do more work with fewer resources and alleviates manual work, helping them focus on growth.

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U.S. Navy Shipbuilder pleads guilty in Defense Department fraud case

Due

A U.S. Navy Shipbuilder has pleaded guilty as part of a case that involved the possible obstruction of a Defense Department audit. Austal USA LLC (Austal USA) is a shipbuilding company that has contractual obligations to the Defense Department. The company charges the U.S. Navy for the equipment and the ships that are the bulwark against sea-based threats and their winning of these contracts is meant to uphold the integrity and standards of a contractor with important naval security implications

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The Truth About Marriage and Credit Scores

CreditStrong for Business

When you get married, everything gets combined, right? Not exactly. You and your spouse will continue to have your own separate credit reports and credit scores, but their credit rating can still impact your finances. Credit and finances aren’t the most romantic topics to be concerned with during wedding plans, but they are necessary grounds to cover.

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Battle for the Gateway: Legacy and Streaming Video Operators Seek to Rationalize Fragmented Late-Stage Cable Bundle Marketplace; Accelerating Change, Uncertainty Drive Shift to ‘Barbell’ Distribution of Sports

Reorg Blog

The post Battle for the Gateway: Legacy and Streaming Video Operators Seek to Rationalize Fragmented Late-Stage Cable Bundle Marketplace; Accelerating Change, Uncertainty Drive Shift to ‘Barbell’ Distribution of Sports appeared first on Reorg.

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Accounts Receivable Outsourcing: Meaning, Benefits & More

TreviPay

It is a widely accepted and upheld idea that in today’s fast-paced business environment, being as efficient and cost-effective as possible is crucial to maintaining a competitive edge. Accounts Receivable outsourcing can be one the best ways to improve efficiency. Through outsourcing A/R, you can easily streamline operations and reduce overhead costs.

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The Best Entrepreneurial Conferences You Need to Attend Before 2024 is Over

Due

If you’ve checked your calendar and felt the warmer weather settling in, you know we’re already in August. But that doesn’t mean you still can’t attend a top-notch entrepreneurial conference in 2024. These upcoming entrepreneurial conferences cover various topics and themes, from innovation to leadership, marketing strategies, funding opportunities, and networking.