Your Virtual Credit Manager

NOVEMBER 14, 2023

Credit Policy is an inextricable part of a company’s Sales Policy. If you choose to sell on open credit, the terms you offer are in effect part of the price. If you discuss credit terms with a competitor, you are in violation of anti-trust statutes forbidding price fixing. Credit industry groups discuss the payment history of common customers, but they always have an independent moderator present so that customer discussion do not veer off onto the topic of how individual companies plan on

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

RevCycle

NOVEMBER 15, 2023

Why do Americans have so much medical debt ? There are several reasons why Americans have so much medical debt. One reason is that the cost of healthcare in the United States is very high. According to the Kaiser Family Foundation, the average American family spent $28,166 on healthcare in 2020. This is much higher than what people in other developed countries spend on healthcare.

Medical Billing 207

Medical Billing Bankruptcy Credit Scoring Deductions 207

Due

NOVEMBER 17, 2023

Is your business limping along and losing cash ? Before you blame your CFO, look in the mirror. Could disorganization — your disorganization in particular — be taking its toll on your company’s bottom line, and ultimately, its financial success? It might, especially if your personal lack of organization is hampering your organization’s ability to move fast and get things done.

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Abrigo

NOVEMBER 17, 2023

How to close more loans by speeding up lending and credit analysis Seeking a quicker loan origination workflow is worth it. Learn where to find opportunities for improvement. You might also like this on-demand webinar on the red flags of emerging CRE risk. WATCH Takeaway 1 A critical look at the existing steps for loan requests and credit underwriting helps uncover ways to offer faster loan decisions.

Credit Unions 88

Credit Unions CECL Credit Risk Credit and Collections 88

Lendio

NOVEMBER 14, 2023

If you’re a business owner, you may have considered applying for a revolving line of credit. This type of financing can be a flexible and accessible way to access funds when you need them. However, before committing to a revolving line of credit, it’s important to do the math and understand the terms of the loan. In this article, we’ll explore how to calculate the interest and payment on a revolving line of credit and provide tips for applying for this type of financing.

Credit Scoring 98

Credit Scoring Small Businesses 98

Accounting Department

NOVEMBER 14, 2023

As a small and medium-sized business (SMB) owner, managing your cash flow and expenses is crucial to keep your business afloat and profitable. But in today's ever-changing business landscape, controlling costs is easier said than done.

Small Businesses 97

Small Businesses 97

Abrigo

NOVEMBER 12, 2023

Support credit risk management Understanding loan covenants, when financial institutions should use them, and how to monitor them supports strong lending portfolios and credit risk management best practices. Review the 2023 Loan Review Survey results with experts and get their take on emerging trends and best practices WATCH WEBINAR Takeaway 1 Loan covenants are critical to banks and credit unions to manage credit risk, especially when borrowers face stress.

Credit Risk 88

Credit Risk Credit Unions Default CECL 88

Lendio

NOVEMBER 13, 2023

If you’re looking for lower real estate costs and longer loan terms, an SBA 504 loan may be a good option. However, these loans are a bit different from other SBA loans. For one thing, the loan is a combination of two loans — a traditional lender covers a portion of the loan, and a Certified Development Company (CDC) covers the rest. Before applying, it’s a good idea to learn how 504 loans work and the pros and cons of taking one out.

Credit Unions 97

Credit Unions Credit Scoring Default Small Businesses 97

Credit Absolute

NOVEMBER 15, 2023

Will Your Credit Score Affect Your Business Loan Application? Congratulations! You’ve decided to begin applying for a small business loan. This exciting time for your new or existing company could forecast many great things. If this is your first time applying for a business loan, you might not be aware of the potential barriers that […] The post Personal Credit Scores & Business Loans appeared first on Credit Absolute.

Credit Scoring 83

Credit Scoring Small Businesses 83

Accounting Department

NOVEMBER 16, 2023

The government contracting sector is highly regulated and requires strict compliance with Defense Contract Audit Agency (DCAA) regulations. With ever-evolving regulations and a complex accounting system to manage, the government contract (GovCon) industry has a steep learning curve for small and medium-sized contractors.

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Abrigo

NOVEMBER 17, 2023

Measuring the cost of fraud losses. The true cost of fraud goes beyond the initial reported fraud losses Would you like other articles like this in your inbox? Takeaway 1 Fraud scams made worse by the pandemic continue to be successful, while crypto-scams are emerging. Takeaway 2 A worsening economy increases the fundamentals of fraud, pressure, opportunity, and rationalization.

Credit Unions 78

Credit Unions Cybersecurity Transactions 78

Lendio

NOVEMBER 13, 2023

As your business starts to grow, you may encounter clients with orders that you can’t fulfill immediately. Completing these orders could be huge for your business—both financially and for your reputation—but you might not have the resources and funds at that stage. This scenario is very common—especially for new businesses—and it’s where purchase order financing comes in.

Transactions 87

Transactions 87

Due

NOVEMBER 12, 2023

The realm of virtual reality (VR) continues to experience growing momentum against the backdrop of artificial intelligence (AI) and machine learning (ML). Traditionally, virtual reality tools and the associated augmented reality (AR) were considered innovative tools only applicable in the gaming industry – now this technology is steadily disrupting the business landscape.

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blue dot counseling

NOVEMBER 14, 2023

The economic headwinds are blowing stronger and there's plenty you can do to batten down the hatches and prepare your business for a recession. The post Winter is coming – be prepared! appeared first on Blue Dot Consulting.

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Abrigo

NOVEMBER 13, 2023

Streamline your annual review process Which loans need them, what processes to avoid, and how to save time working with borrowers' complex credit needs. Read the 2023 Loan Review Survey results for expert analyses of emerging trends WATCH WEBINAR Takeaway 1 Annual loan review is separate from covenant testing and underwriting, but many banks conflate these processes.

CECL 78

CECL Credit Risk Transactions 78

Loomis Sayles Credit Research

NOVEMBER 14, 2023

Gro wing at a cumulative rate of over 300% since 2010, emerging markets (EM) corporates represent a robust and diverse asset class, currently worth more than $2.5 trillion. While investors are often drawn to the asset class for a variety of reasons, including the potential for diversification benefits or attractive yields, many perceive the entire EM corporate asset class as being at odds with ESG investing.

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Due

NOVEMBER 13, 2023

Research shows that hobbies can be psychologically beneficial and improve our well-being. In addition to allowing you to relax and de-stress, hobbies can also provide you with an additional income stream. In fact, you really can’t go wrong with a hobby if you’re looking for a side hustle. To that end, here are 15 hobbies that will boost your income. 1.

Collector 69

Collector Small Businesses 69

blue dot counseling

NOVEMBER 11, 2023

Your main bank account will certainly look to be short of money. But that's partly the point! The post Why two bank accounts are better than one appeared first on Blue Dot Consulting.

Credit Management 64

Credit Management 64

Accounting Department

NOVEMBER 17, 2023

We are thrilled to announce that Episode 6 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Reorg Blog

NOVEMBER 14, 2023

China Vanke announced to the Hong Kong stock exchange on Monday, Nov. 6, that Shenzhen Metro Group Co. Ltd. stated that it is firmly optimistic about the prospect of the company.

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Due

NOVEMBER 16, 2023

When you don’t have any money, it can be stressful. Don’t let that stop you from being productive. Even if you’re on a tight budget, you can still improve your life and reach your goals. When you don’t have any money, here are 20 productive things you can do. 1. Hold a bill-lowering session. Are you looking for ideas on what to do instead of spending money or leaving your house?

Nonprofit Organizations 64

Nonprofit Organizations Credit Unions Transactions 64

Chaser

NOVEMBER 17, 2023

Accountex Canada 2023 took place at the Metro Toronto Convention Centre in central Toronto on the 15th and 16th of November. This event brought together accountants, bookkeepers and finance professionals to help them stay at the forefront of innovation in accounting, and learn new ways to grow revenue and support clients.

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SSI Healthcare Rev Cycle Solutions

NOVEMBER 17, 2023

How Healthcare Billing Departments Can Maximize AR Potential Before Year-End Home / November 17, 2023 In the digital age, innovation often means mastering the fundamentals. With provider margins razor thin, hospitals and medical groups report continued revenue cycle workforce shortages and increased challenges competing to fill open positions amidst compensation wars.

Accounts Receivable (AR) 59

Accounts Receivable (AR) Medical Billing Transactions 59

Reorg Blog

NOVEMBER 15, 2023

The post Unraveling TCFD: Task Force on Climate-Related Financial Disclosures Suggests Metrics and Targets to Evaluate Risk-Adjusted Returns Potential appeared first on Reorg.

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Due

NOVEMBER 11, 2023

Today’s financial climate is making retirement planning more crucial than ever. As talk of inflation, rising interest rates , and a possible recession hit the news, would-be retirees or retirement planners of all ages may feel anxious about their future. Many economists have acknowledged that the probability of a recession happening in the United States in 2024 is 54.9 percent , according to Statista.

Credit and Collections 64

Credit and Collections Credit Scoring 64

Biz2X

NOVEMBER 17, 2023

Reading Time: 3 minutes With the advent of digital platforms, business lending has undergone a transformative evolution. These platforms offer a streamlined and efficient way for banks to expand their lending services, while providing enhanced risk management tools. For banks considering integrating a business lending platform, here are five key considerations to ensure a successful implementation. 1.

Credit Scoring 52

Credit Scoring Transactions 52

SSI Healthcare Rev Cycle Solutions

NOVEMBER 17, 2023

How Healthcare Billing Departments Can Maximize AR Potential Before Year-End Home / November 17, 2023 In the digital age, innovation often means mastering the fundamentals. With provider margins razor thin, hospitals and medical groups report continued revenue cycle workforce shortages and increased challenges competing to fill open positions amidst compensation wars.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Medical Billing Transactions 52

Reorg Blog

NOVEMBER 15, 2023

Despite Seazen Group's recent onshore fundraising efforts with government support and the policy relaxation on the property sector announced in late August 2023, the prices of its offshore notes have continued to exhibit downside volatility and were indicated at their lowest levels in 2023.

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Due

NOVEMBER 17, 2023

There are a lot of people looking to get into the real estate game. However, they have no idea where to start, so they don’t participate. And you can’t exactly blame them. There have historically been high barriers to entry into commercial real estate, such as steep up-front capital costs, so many people cannot afford to buy a property outright.

Credit and Collections 59

Credit and Collections Deductions Default Credit Scoring 59

Biz2X

NOVEMBER 17, 2023

Reading Time: 3 minutes With the advent of digital platforms, business lending has undergone a transformative evolution. These platforms offer a streamlined and efficient way for banks to expand their lending services, while providing enhanced risk management tools. For banks considering integrating a business lending platform, here are five key considerations to ensure a successful implementation. 1.

Credit Scoring 52

Credit Scoring Transactions 52