Your Virtual Credit Manager

NOVEMBER 1, 2022

Photo by Kenny Eliason on Unsplash Effective collections is the single most important factor for achieving reliable cash inflows. Customer payments for products and services provide the lifeblood of most companies, funding new inventory as well as investments in both people and process. Effective collections can also reduce bad debt losses by compensating for a liberal or weak Credit Control function.

Credit and Collections 130

Credit and Collections Past Due Invoices Bad Debt Accounts Receivable (AR) 130

Abrigo

NOVEMBER 2, 2022

3 features that can improve speed and efficiency Construction loan automation eliminates manual processes, saving time and reducing human error. Here's what to look for in a software. You might also like this whitepaper: "10 ways construction loan monitoring software saves time." DOWNLOAD . Takeaway 1 Technology can help reduce or eliminate common problems that construction lenders face during the complicated draw process.

Credit Risk 78

Credit Risk CECL Credit and Collections 78

Lockstep

NOVEMBER 2, 2022

We all know how frustrating email can be, especially for accounting teams. Sometimes it just doesn’t work as you want it to. Email often becomes a major source of frustration – especially when things go wrong. In Part I and II of this series, we took a look at some of the most common accounting email blunders that can cost time and money.

87

87

TreviPay

NOVEMBER 2, 2022

If your customers are like 9 out of 10, they’re researching payment methods before establishing a relationship with a new vendor. Buyers are constantly searching for more seamless payment methods to help streamline purchasing, which is why it is so important to continue growing your payment options as your business evolves. When it comes to an embedded payment solution growing your payment options in-house can be quite the undertaking; between the opportunity cost of your team’s time

72

72

The Esker Blog

NOVEMBER 1, 2022

What makes for a good customer experience (CX)? People who care! That’s why Esker’s CX team is committed to making our customers feel Valued, Understood and Engaged — and that’s a commitment you can bank on! In this episode of Esker On Air , host Scott Leahy has an in-depth conversation about all things customer service with Esker Customer Experience Advocates Angie Hoffman, Elly Klawitter and Alex Garcia.

59

59

Emagia

OCTOBER 31, 2022

What is Autonomous Finance vs Automated Finance? There are many different ways you can explain autonomous finance. Isolated process automation is like a top-end car having several automatic features, but is entirely different from a self-driving autonomous car which handles almost all the driving operations by itself. In the same way, the trend of companies automating certain operational processes and workflows in bits and pieces using robotics process automation (RPA ) has been there for some t

Credit and Collections 59

Credit and Collections Bad Debt Credit Management DSO 59

TreviPay

OCTOBER 31, 2022

The challenge – adapting to grow B2B Business. When a successful B2C business decides to grow its B2B business, the payment types offered to new customers can be decisive in its success. Plank Hardware is a three-year-old London-based design brand manufacturing high-quality design details for the modern home. The first years of the business were focused on serving the B2C market.

Days Sales Outstanding 59

Days Sales Outstanding DSO Default Credit Risk 59

Enterprise Recovery

NOVEMBER 4, 2022

If you're reading this, it's more than likely because you've done everything you can to get a client to pay, including asking nicely , and they're simply. not paying. You may be wondering if you have any recourse at all and you really, REALLY, need to get back to running your business. Hiring a professional debt collection agency seems complex and a little uncertain.

Debt Collections 52

Debt Collections 52

Emagia

NOVEMBER 3, 2022

Today’s global enterprise is more digital than ever before. From invoicing to payments, businesses are increasingly relying on digital tools and platforms to manage their finances and operations. A customer portal is a key part of this digital finance transformation, providing a central hub for customers to access their invoices and make digital payments.

Payment Portals 52

Payment Portals 52

tillful

NOVEMBER 3, 2022

When it comes to payments, your customers deserve options—but they also deserve safe, responsible options. Buy now pay later ( BNPL ) technology like Affirm and Afterpay seeks to satisfy both of these, but should small businesses bite? Here are the fundamentals, opportunities, and risks of using BNPL for your small business , so that you can make an informed decision on whether it’s right for you.

Small Businesses 52

Small Businesses Transactions Credit Scoring 52

lsq

NOVEMBER 2, 2022

When macroeconomic winds change and uncertainty begins to creep into a business’s operations and financial outlook, companies take a closer look at their liquidity and start scrambling for ways to make the most of their cash and optimize working capital. It’s the first reaction to any potential downturn in revenue or rising cost. The problem is many companies don’t understand the levers they can pull to help prepare for – or weather – turbulent economic conditions.

52

52

Credit Management Group UK

NOVEMBER 2, 2022

We hope this blog finds you well. If there is anything you would like to see more of in our round ups from more Credit Management Hints & Tips to help on E-learning webinars let us know: COMMERCIAL CREDIT MANAGEMENT. Business confidence hits 19-month low. Business loans predicted to fall 3.5% in 2023. Cash flow becomes top priority for small businesses.

Credit Management 52

Credit Management Small Businesses 52

Emagia

NOVEMBER 1, 2022

B2B digital payments are becoming more and more popular, as they offer a convenient and efficient way to make payments between businesses. There are a few key elements that make up a good customer payment portal, which we will explore in this article. 5 key elements that make up a good customer payment portal. 1. Customer Experience: First of all, the payment portal should be easy to use and navigate.

Payment Portals 52

Payment Portals Transactions 52

Cpcmcredit Blog

NOVEMBER 2, 2022

I am currently working with some experienced and well versed investors looking to take over a struggling business which is being dragged down by its borrowing commitments. Its all very discreet of course so naturally I will not spell out too many details but i’ve had an interesting time analysing the loans. Virtually all were expensive and one recent commitment was for £50k at an APR of over 40%.

52

52

lsq

NOVEMBER 2, 2022

ORLANDO, Fla. (Nov. 2, 2022) – LSQ , a leading provider of working capital finance and payments solutions, today announced a partnership with Indiana-based Rochester Iron & Metal to provide a supply chain finance (SCF) program to its metal processing and recycling suppliers. Through the program, suppliers will have the ability to receive early payment for invoices to Rochester through, the best-in-class working capital finance and payments platform.

Credit and Collections 52

Credit and Collections 52

billtrust

NOVEMBER 1, 2022

Blog Post. Blog Post. 10 strategies for optimizing your accounts receivable to maximize your ROI. Share with your network: Mail. LinkedIn. Facebook. Twitter. What you’ll learn. The primary goals of accounts receivable The best KPI for accounts receivable Ten AR optimization goals you should accomplish How to get paid faster with key collection strategies How accounts receivable automation can eliminate manual tasks.

Accounts Receivable (AR) 52

Accounts Receivable (AR) Bad Debt Days Sales Outstanding DSO 52

FundThrough

NOVEMBER 1, 2022

Roundup highlights B2B partners that support startups across all business functions and empower growth. Toronto, ON, November 1, 2022 – Inc. Business Media today announced the inaugural Power Partner Awards, honoring B2B organizations across the globe that have proven track records supporting entrepreneurs and helping startups grow. The list recognizes 252 firms in marketing and […].

52

52

Credit Management Group UK

OCTOBER 31, 2022

This is our next instalment in our series of case studies to help recruitment firms get paid for back door hires. In this instalment, we show that it is important to have processes in place to capture all information to use as leverage to get paid. As previously employed as a Credit Manager by a national recruitment firm and working for many recruitment firms since setting up CMG UK, we have a vast amount of experience in making sure our clients get paid.

Credit Management 52

Credit Management 52

lsq

NOVEMBER 1, 2022

ORLANDO, Fla. (November 2, 2022) – When a critical-response organization mobilizes to provide support to communities impacted by a natural disaster, having the funds to make payroll and operate effectively should not be a concern. To help Jacksonville, Florida-based Critical Response Strategies, LLC (CRS) focus on the important work of providing medical staff to assist in the Hurricane Ian relief effort, LSQ recently originated a $12 million accounts receivable finance facility to provide

Credit and Collections 52

Credit and Collections Bankruptcy Credit Management 52

Know-It Global

NOVEMBER 1, 2022

Can you believe we’re in November already?! Team Know-it had a very busy October exhibiting at three different shows as well as announcing a brand new partnership with leading credit information provider Creditsafe. Check out what we’ve been up to! We announced a new partnership with Creditsafe. We kicked off October by announcing a new partnership with Creditsafe , the world’s most used provider of online business credit reports.

Credit Risk 52

Credit Risk 52

GoCardless

OCTOBER 31, 2022

Scaling fast and deciding whether to buy or to build your payments and billing solution in-house? In this webinar we unpack the financial impact of building and managing your payment and billing solution in-house.

52

52

billtrust

OCTOBER 31, 2022

Blog Post. Blog Post. What is life at Billtrust like for Enterprise Architect Zach Roberts? Share with your network: Mail. LinkedIn. Facebook. Twitter. Formed and refined by two decades of stability and growth, Billtrust’s company values help shape our culture of innovation, accountability and work-life balance. And that culture is driven by the quality and the diversity of people on the Billtrust team.

Default 52

Default 52

lsq

NOVEMBER 1, 2022

The current macro-economic situation now has multiple cross-currents and several strong headwinds from inflation rates to supply chain challenges. Treasurers are finding that they have to pull multiple levers to steer their financial ships properly in this rising storm. This session will look at the changing environment and examine how traditional and new levers can help companies navigate these choppy waters skillfully.

52

52

Serrala

OCTOBER 31, 2022

Combine Cash Application and S/4 Hana Implementation. katherine.rand…. Mon, 10/31/2022 - 15:52. Improve Cash Flow for the US Manufacturing Finance Industry. Combine Cash Application and S/4HANA Implementation . . Schedule a Demo. The Great Digital Transformation for Manufacturing Finance. Digitization of the manufacturing finance space in the United States has produced incredible benefits.

Cash Applicator 52

Cash Applicator DSO Days Sales Outstanding AR Automation 52

MNS Credit Management Group

OCTOBER 31, 2022

Introduction. The barter system, wherein people used to exchange commodities and services, is when the idea of indebtedness first emerged. What if one or both parties fail to deliver the promised products in exchange for the promised goods, necessitating the necessity to assert the debt? Since 2005, there have been several incidents involving unpaid debt in the UAE, but not every one of them presents an economically feasible opportunity for a corporation or individual to initiate a civil lawsuit

Debt Collections 52

Debt Collections Credit and Collections Bankruptcy Default 52

ForwardAI

OCTOBER 31, 2022

This October at The Fintech Times is all about the incredible women working in the fintech industry. With women still forming only around 30 per cent of the workforce, it’s important to spotlight those who are working to make a change and blazing a path for those to follow. We hear from Rachel Hunt, Brandi Gatlin, Sarah Wielens, Lisa Gutu, and Katie Hayes about how they are smashing the glass ceiling.

52

52

Plooto

OCTOBER 31, 2022

Change is difficult for any business looking to grow, but AP automation can help make those changes smoother. Traditional accounts payable has relied heavily on paper-based invoices, manual data entry and a process that was prone to errors, costing companies valuable time and profit.

52

52

Hilton Baird

OCTOBER 31, 2022

With Halloween upon us we look at 7 credit control mistakes that will haunt your business and show how to stop them from keeping you up at night. The post 7 credit control mistakes that will haunt your business appeared first on Hilton-Baird Collection Services.

Credit and Collections 52

Credit and Collections Credit Management 52

Gaviti

OCTOBER 30, 2022

In the spectrum of accounts receivable (A/R) collection techniques, there’s a recurring theme you’ll find: The majority of A/R optimization strategies teach companies how to collect receivables faster. It makes sense, of course. A/R collections are a question of cash flow, and few businesses these days can afford to provide services without promptly collecting on the payments they’re owed.

Credit and Collections 52

Credit and Collections Invoice Collections 52

Biz2X

OCTOBER 30, 2022

For community banks looking to evolve into a digital lending operation at scale, a comprehensive business credit platform can be the answer. This article will broadly explain business credit platforms and how community banks can implement a business credit platform. We also break down several use cases so community bank executives and credit officers will understand how a business credit platform can improve their existing banking operations.

Default 40

Default Small Businesses Credit Risk Transactions 40