Your Virtual Credit Manager
JULY 9, 2024
When you agree to sell to a business customer on open credit terms, common practice involves setting a credit limit aligned to the payment terms you are granting. In preparation for this decision, you should have previously made the new customer sign a credit agreement as part of their application for open credit terms and thereby confirming their acceptance of your terms of sale.
Plooto
JULY 11, 2024
Financial technology (fintech) makes it easier for businesses to do everything from issuing invoices and processing payments to managing expenses and making payroll. These solutions are the behind-the-scenes tools that quite literally allow businesses to send and receive money.
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Abrigo
JULY 9, 2024
What the rule means for financial institutions FinCEN aims to get AML/CFT programs to redirect their focus on the highest-risk areas, so banks and credit unions should begin preparing. Would you like other articles like this in your inbox? Takeaway 1 FinCEN’s proposed new AML/CFT program rule is intended to redirect AML/CFT programs to focus on the highest-risk areas, using innovative techniques and a goal-oriented approach.
Accounting Department
JULY 11, 2024
Running a small to medium-sized business (SMB) comes with its own set of challenges and rewards. One of the most pivotal aspects of ensuring your business's success is strategic financial planning. While it might seem daunting, mastering this process can propel your business growth and profitability to new heights. This blog post will walk you through the critical steps in strategic financial planning tailored specifically for SMB owners.
Credit Management Group UK
JULY 7, 2024
Late payment and poor payment practices are not issues that are isolated to a particular industry, these issues will affect businesses across all industries throughout the UK and worldwide. However, certain industries tend to be more susceptible to specific issues that result in delayed payment. For recruitment companies, issues such as ‘behind your back’ or ‘back door’ practices (i.e. when candidates that have been introduced by a recruitment company are hired by the client without payment of t
Due
JULY 9, 2024
Portfolio diversification is a common strategy for safe, effective long-term investing. However, figuring out healthy asset allocation in an online-focused world can be challenging. There are a lot of options, and it is difficult to gauge risk in newer investment scenarios. For instance, treasury and risk management opportunities for insurance companies, pension funds, and family offices are becoming increasingly important.
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Accounting Department
JULY 9, 2024
Managing a business isn’t easy. Amongst juggling various roles and responsibilities, ensuring your financial health often becomes a daunting task. One powerful tool to help you stay on top is cash flow analysis.
CreditStrong for Business
JULY 11, 2024
FICO is overwhelmingly used by most consumer credit lenders. They’re not the only ones in the business, but they are the most widespread. According to myFICO.com , FICO scores are used to determine borrower creditworthiness with 90% of top lenders. Even when choosing between FICO or VantageScore, there are multiple versions of each one. Lenders choose scoring versions that work for their needs.
Due
JULY 12, 2024
Retirees are common targets of cyber scams, attacks, and thefts. In 2023, Americans over 60 reported the highest number of cyber crimes, with over 100,000 complaints filed by people in that age group. We know that retirees are more vulnerable to cybersecurity threats. For that reason, as a retired person, you must take steps to protect your online presence from vulnerabilities.
biz2credit
JULY 11, 2024
Choosing the right Customer Relationship Management (CRM) system is crucial for small businesses operations. It’s a proven method to streamline customer interactions, enhance marketing strategies, and improve sales. This guide provides a detailed walkthrough on how to select the most suitable CRM system for a small business, highlighting important features, factors to consider, and common … Continue reading "How to Select the Right CRM for Your Small Business" The post How to Select the Ri
blue dot counseling
JULY 7, 2024
You won't be a spreadsheet-free zone but use spreadsheets to give additional insight rather than to do the work that your accounting software can do better. The post Why don’t businesses make better use of accounting software? appeared first on Blue Dot Consulting.
Reorg Blog
JULY 12, 2024
As expected, in an oral ruling this afternoon, Judge Marvin Isgur issued a declaration that all “rights, liens and interests” of 2026 secured noteholders survived the Wesco/Incora debtors’ March 2022 non-pro-rata secured uptier exchange transaction.
Due
JULY 12, 2024
Many of us are faced with business opportunities on a regular basis. Deciding what’s worth embracing, though, can be difficult. Whether you’re starting a new business or whether you’re trying to expand your current business with a new opportunity, it’s vital to know how to appropriately evaluate it. As you look forward, here are some things to consider when deciding whether a business opportunity is worth embracing: 1.
biz2credit
JULY 9, 2024
Effective cash flow forecasting is essential for managing a business’s financial health and ensuring sustainability. By accurately predicting future financial positions, businesses can make informed decisions and plan for growth or potential challenges. In this article, we’ll dive into the process of creating an accurate cash flow forecast and outline practical steps and methodologies that … Continue reading "How to Create an Accurate Cash Flow Forecast for Your Business" The post Ho
blue dot counseling
JULY 12, 2024
From time to time we send out our email newsletter that looks at different financial aspects of running your business and offers ideas for making your financial management more efficient and effective. Sign up here! The post Blue Dot Consulting newsletter appeared first on Blue Dot Consulting.
Reorg Blog
JULY 12, 2024
Relevant Documents: U.S. Trustee Objection SEC Objection Voting Tabulation Ahead of the confirmation hearing on CalAmp’s prepackaged plan set for Thursday, July 11, at 9:30 a.m. ET, the U.S. Trustee and the U.S.
Due
JULY 12, 2024
The concept of diversification is a cornerstone in the world of investment. It’s a risk management strategy that involves mixing a variety of investments within a portfolio. The idea is that a portfolio of different kinds of investments will, on average, yield higher returns and pose a lower risk than any individual investment found within the portfolio.
Grit
JULY 11, 2024
Businesses use RFQs (Request for Quotes) and RFPs (Request for Proposals) to evaluate potential vendors and secure the best deal for their projects. While both help in vendor selection, they serve different purposes. Understanding the differences between RFQs and RFPs is crucial for choosing the right approach for your specific business needs. This article will explore the difference between request for quotation and request for proposal and guide you on when to use each method effectively.
CreditStrong for Business
JULY 11, 2024
With the right funding, you’re ready to take on all the goals you’ve set for your business. It’d be helpful if you get it, but you’re probably wondering what credit score you need to get a small business loan. In this article, we’ll cover the different types of business loans and the credit expectations for each. Credit Score Requirement By Business Loan Type There are a few different options when it comes to small business loans.
Reorg Blog
JULY 11, 2024
Reporting: Hugh Minch With the week falling between Juneteenth and July 4th, the CLO primary market was uncharacteristically quiet last week in the US, with no new issues pricing for the first time since January.
Due
JULY 12, 2024
Do you ever feel ov erwhelmed by your finances ? You’re not alone. In its first annual State of Money in America report, Stash found that 90% of Americans intend to invest, but almost half are unsure how to get started. And that’s valid. Investing , after all, can seem complicated for a few reasons: Information overload. There is a lot of financial data out there, and knowing where to begin or what to trust can be overwhelming.
Grit
JULY 10, 2024
In today’s competitive business landscape, a well-crafted quotation can make the difference between winning and losing a deal. This guide will walk you through the essential steps to create a quotation process that not only showcases your products or services effectively but also boosts your chances of securing new business. Let’s figure out the insights that will help streamline your approach and increase your success rate!
CreditStrong for Business
JULY 11, 2024
As of February 2021, 97% of the US population have a cell phone and 85% of people own smartphones. It’s become a necessity to operate in today’s world; it’s your GPS, your line of communication, your game time, and can even be a way to earn money. While you don’t necessarily need to have good credit to get a phone plan, it definitely helps. If you have poor credit, you might choose options like a prepaid phone, month to month plan, or work with a cosigner to help you qualify for a phone plan.
Reorg Blog
JULY 11, 2024
Reporting: Hugh Minch With the week falling between Juneteenth and July 4th, the CLO primary market was uncharacteristically quiet last week in the US, with no new issues pricing for the first time since January.
Due
JULY 11, 2024
The recent inflation report for June has brought some unexpected news. For the first time in over three years, inflation has dipped below 3%. This surprising turn of events has significantly increased the likelihood of the Federal Reserve (Fed) cutting interest rates in September. Just a day before the inflation report, the probability stood at 70%, but it has now surged to 81%.
Onguard
JULY 9, 2024
Download the fintech baropaper Organisations, according to finance professionals, prefer to get paid via iDEAL (33%). Among their customers, iDEAL is also the favourite payment method (36%). This is according to the FinTech Barometer, the annual survey by credit management software specialist Onguard, for which 304 CFOs, finance managers and finance professionals were surveyed.
CreditStrong for Business
JULY 11, 2024
Equifax’s three primary business credit scores are their Credit Risk Score, Payment Index Score, and Business Failure Score. You can typically call your scores in each of these models good if they’re above 556 , 90 , and 1,315 , respectively. A good Credit Risk Score or Payment Index Score generally indicates that your business is likely to make its payments on time.
Reorg Blog
JULY 10, 2024
U.K. online grocer and technology company Ocado’s 3.875% 2026 notes have fallen to about 85-mid, after Canadian partner Sobeys said it would pause the opening of its fourth customer fulfillment center.
Due
JULY 10, 2024
Jess Adams was the City of Houston, Alaska’s Treasurer from 2015 through 2018. Adams was found to have full access to the city’s record-keeping and accounts and abused his position to further his own gains. The IRS Criminal Investigation Department, in conjunction with the Alaska State Troopers, investigated the case. “Mr. Adams abused his positions of trust to greedily deceive and steal from victims and the U.S. government,” said U.S.
Chaser
JULY 9, 2024
The global B2B payments market is set to skyrocket. Juniper Research predicts it will hit $111 trillion by 2027 , a big jump from $88 trillion in 2022. With all that money flying around, it's time for business owners to brush up on their payment terms. Concepts like remittance and remittance advice might seem dry, but they're crucial for any business to understand.
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