Sat.Jun 15, 2024 - Fri.Jun 21, 2024

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10 Common Mistakes Made in Commercial Credit Management

Credit Management Group UK

Throughout my years in commercial credit management, I have identified several mistakes that companies make within their order to cash process; mistakes that are often very small and easily fixed; make enough of them, however, and you could find your cash flow isn’t flowing the way you would like it to. Mistakes in Commercial Credit Management: no terms and conditions of sale It is amazing how many times I have come across a company that don’t include their terms of sale with their quotes.

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Use Caution Extending Credit to Startup Companies

Your Virtual Credit Manager

Startup companies are intriguing, but can also be an enigma. The successful ones receive a lot of publicity and are celebrated widely. Who will be the next Apple, Google, Facebook, or Nvidia? If you happen to be a supplyier to a successful startup you’re in luck. As they grow, so will their purchases from your firm. A small, new account can become one of your top customers in a few years, and a key contributor to the growth you seek.

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Ultimate Guide to the Costs of Opening a Laundromat

biz2credit

Owning a laundromat can be a lucrative business opportunity for entrepreneurs. With the right location and equipment, a laundromat can provide a steady income stream with relatively low ongoing costs. But it can be a sizeable initial investment, costing between $200,000 and $500,000 to open a new laundromat, and $100,000 and $400,000 to buy an … Continue reading "Ultimate Guide to the Costs of Opening a Laundromat" The post Ultimate Guide to the Costs of Opening a Laundromat published firs

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Stop Wasting Money on Subscriptions: Here’s How to Cancel Subscriptions You Forgot About

Credit Absolute

Americans have become accustomed to a subscription lifestyle, with a whopping 92% of younger demographics actively subscribed to various services. According to a West Monroe Partners study West Monroe Partners, this convenience comes at a cost, with the average consumer unknowingly spending a significant $273 monthly on subscriptions. This figure is even higher than initial […] The post Stop Wasting Money on Subscriptions: Here’s How to Cancel Subscriptions You Forgot About appeared

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Achieve Seamless Automation: Atom8’s Integration with BigCommerce Explained

Grit

Seamless automation is essential for eCommerce success, but integrating different apps and systems can be challenging. Atom8’s integration with BigCommerce provides a powerful solution, enabling merchants to achieve seamless automation with ease. By leveraging BigCommerce’s APIs, custom workflow building, HTTP triggers, and scalable enterprise features, Atom8 empowers BigCommerce merchants to connect their online store with a vast array of tools.

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The Best Workplace Mindset  | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

In this celebratory episode of Beyond the Books, host Andrea Boccard is joined by Amy Harold to discuss the prestigious Inc. Best Workplaces award.

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Xerocon London: Highlights from the event

Chaser

Last week, Xerocon , the annual conference of Xero, took place in London, and what an event it was! Xerocon is unlike any other conference, often referred to as the "Glastonbury for accountants." This two-day event was hosted at the Excel in London on the 13th and 14th of June, drawing in over 3000 accountants and bookkeepers. More than 50 global brands, including Chaser, showcased their products, and there were several keynote speakers, such as Sue Perkins and Sam Conniff.

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Maximizing Success During the Busy Season: Essential Tips for SMBs

biz2credit

The busy season presents a golden opportunity for small and medium-sized businesses (SMBs). With careful financial planning and strategy, small business owners can use the surge to maximize revenue and expand their customer base. However, it can also be a taxing period, requiring significant preparation. This guide will help small business owners navigate the busy … Continue reading "Maximizing Success During the Busy Season: Essential Tips for SMBs" The post Maximizing Success During the

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AccountingDepartment.com Awarded Inc. Best Workplaces 2024 Recognition

Accounting Department

We are thrilled to share that AccountingDepartment.com has been selected for inclusion in the Inc. Best Workplaces list, for the third year in a row! This recognition in 2024 highlights the success of the workplace environment we have cultivated over the last 20 years. We are grateful for the privilege of being acknowledged as an Inc. Best Workplace for the last 3 years now, and we extend our appreciation to our entire staff, who make it such a wonderful place to be every day.

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Martha Salinas Featured in The Fintech Times on Genuine DEI Strategies

TreviPay

Discover how TreviPay’s Chief Commercial Officer, Martha Salinas, is leading the charge for genuine diversity, equity and inclusion (DEI) in the fintech industry. In the Fintech Times article “How to Avoid a ‘Tick Box Exercise’ When it Comes to DEI,” Martha shares insightful strategies for overcoming the challenges of true representation and equality in the workplace.

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Decoding potential stock market pullback

Due

The question of whether stocks are due for a pullback has been a hot topic among investors recently. This isn’t about spreading fear or panic but instead about presenting facts and data to help investors make informed decisions. To delve into this question, we’ll use both technical and fundamental data to support the argument. View this post on Instagram A post shared by Taylor Sohns – CFP®, CIMA®, MBA – Finance (@lifegoalinvestments) Technical analysis: The role of the R

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Enviva Dismisses UCC’s Appeal of ‘Unusual’ ‘Company Allocated Portion’ of DIP as ‘Litigation Tactics’ and ‘Negotiation Leverage’

Reorg Blog

The post Enviva Dismisses UCC’s Appeal of ‘Unusual’ ‘Company Allocated Portion’ of DIP as ‘Litigation Tactics’ and ‘Negotiation Leverage’ appeared first on Reorg.

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Payments are getting faster, globally

GoCardless

We’re improving payment processes so businesses can get paid faster.

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EXPERIENCE AND INNOVATION: WHY COMPANIES RELY ON SOA PEOPLE IN CREDIT MANAGEMENT

SOA People

Peter Maibaum, Senior Sales Manager at SOA People, has around 25 years of experience in software sales for credit management products and services. In the following video interview, he talks about the benefits and scope of the Ready4 Credit Management solution and emphasizes the important role of partners. He also explains his perspectives on current developments and future challenges in international credit management.

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Florida fisherman pleads guilty to evading $400,000 in taxes

Due

A Florida resident has pleaded guilty to evading $400,000 in taxes in a case brought by the Internal Revenue Service (IRS). According to the documentation presented by the Justice Department’s Tax Division, Christopher Garraty has defrauded the IRS for approximately $413,879 from 2002 until 2018. Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and U.S.

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Wesco/Incora Uptier Litigants Outline Positions in Post-Trial Briefs; UCC Suggests Participants Behaved Inequitably, New 1L Notes Should Be Subordinated

Reorg Blog

The post Wesco/Incora Uptier Litigants Outline Positions in Post-Trial Briefs; UCC Suggests Participants Behaved Inequitably, New 1L Notes Should Be Subordinated appeared first on Reorg.

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More business reporting at your fingertips

GoCardless

Simplify the way you analyse and manage your business performance

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FROM DATA MANAGEMENT TO AUTOMATION: NEW PATHS IN CREDIT MANAGEMENT WITH CREDITSAFE AND SOA PEOPLE

SOA People

As a global credit agency with 26 offices on 3 continents, Creditsafe offers its customers up-to-date credit and creditworthiness information on more than 430 million companies worldwide. In an interview, Marc Sander, Head of Strategic Partner Management at Creditsafe, explains the relevant factors for risk assessment as well as the current developments and challenges in credit management.

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Financial implications of raising three children

Due

Raising children is a rewarding experience — the best in fact — but it also involves significant financial responsibilities. The cost of raising a child is a critical factor that parents need to consider when planning their family. This article provides an in-depth analysis of the financial implications of raising three children until they’re 18 years old.

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Boost Your Sales with Omnichannel Automation Using Atom8

Grit

Omnichannel automation allows you to connect with customers across different channels like email, social media, and messaging apps. Using the right tool, you can automate your communication with customers, send them personalized messages, and respond quickly to their queries. This helps you improve your customer experience and boost your sales. In this blog post, we’ll explore how Atom8’s omnichannel automation can benefit your business and help you stand out from your competitors.

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Transforming How Shared Services Work Gets Done with Autonomous Finance

Emagia

Artificial Intelligence (AI) is revolutionizing the landscape of financial transactions, creating a “whole new world” of possibilities, according to Naomi Secor, Global Managing Director at the Shared Services and Outsourcing Network (SSON). Despite these advancements, many enterprises are still in the early stages of AI adoption and implementation, striving to harness the full potential of this groundbreaking technology.

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Innovation and valuable projects: how Baywa optimizes its credit management processes

SOA People

BayWa AG is an international company from Munich, specializing in innovative and sustainable solutions in the fields of agriculture, construction and energy. In this interview, Tina Haus-Bienerth, Head of Corporate Credit Management, explains the importance of digitalization and optimization in credit management and how SOA People supports them in this process.

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Decoding anxiety’s protective role

Due

Anxiety, often misunderstood and misinterpreted, is a complex emotion that can be both debilitating and protective. It’s a psychological state characterized by excessive worry, fear, and apprehension. While it’s commonly perceived as a negative emotion, it’s essential to understand that anxiety, at its core, is a protective mechanism.

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Overcoming Data Retrieval Issues with BigCommerce API Get Orders

Grit

One of the most popular eCommerce platforms, BigCommerce, provides merchants with a robust Get Orders API feature, enabling them to obtain order information programmatically. However, as with any API, merchants may have standard data retrieval difficulties. This article will examine the BigCommerce API Get Orders , frequent data retrieval challenges, and how to overcome them.

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Ask me anything: Product updates - Summer 2024

GoCardless

Join us live on July 9 at 11am BST to see the latest GoCardless features in action, with live demos and a Q&A with our payment experts.

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Optimizing your SAP system with SOA People: An interview with Steffen Weingaertner

SOA People

As a European SAP Gold and Platinum Partner, the SOA People Group supports its customers in finding and implementing the best solutions for their individual requirements. In an exclusive interview, Steffen Weingärtner, Head of Sales SAP, talks about how SOA People supports customers throughout the entire SAP lifecycle - from initial consulting and planning to implementation, long-term support and operation.

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Decoding the trillion-dollar club’s dynamics

Due

The world of finance and investment can often seem like a complex maze of numbers and figures. When we start discussing trillions, the magnitude can be overwhelming. Let’s draw parallels with something more relatable, like the National Basketball Association (NBA), to simplify this complexity and provide a clearer understanding of the financial landscape.

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Chaser wins Best Technology Provider at the 2024 Credit Awards

Chaser

Pleased to share Chaser has won the Best Technology Provider (Collections) award at the 2024 Credit Strategy Awards. After being shortlisted for the awards in May it is an honor to be recognized by the prestigious Credit Strategy group as a winner, for Chaser's commitment to providing businesses around the globe with cutting-edge technology and AI to help them protect and bring their revenue in faster.

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BigCommerce Inventory Troubles? Here’s How to Fix Them

Grit

Managing inventory effectively is crucial for the success of any eCommerce business. According to a study by Wasp Barcode Technologies, 43% of small businesses either don’t track inventory or use a manual process to do so. BigCommerce inventory management offers robust tools to help businesses keep track of their stock levels, avoid stockouts, and optimize their inventory processes.

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AMBITIOUS GOALS AND SUCCESSFUL EXPANSION: SOA PEOPLE GROUP LOOKS FORWARD TO A GREAT FUTURE

SOA People

In a video interview, Holger Behrens, Managing Director of SOA People AG, talks about the impressive company developments of recent years and the ambitious goals for the future. He states that the SOA People Group has achieved its economic and strategic goals and is confident that it will continue to implement its plans.