Sat.Jan 06, 2024 - Fri.Jan 12, 2024

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Navigating the Credit Network Maze: Do’s and Don’ts for Sharing Customer Information

Credit Research Foundation

As a seasoned commercial credit risk practitioner, I’ve witnessed firsthand the invaluable benefits of cultivating a robust network beyond organizational boundaries, courtesy of credit networks. These networks, tailored for credit professionals and often specializing in diverse industries, provide a wealth of opportunities for collaboration and information exchange.

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Embracing the Future: Technology Trends Transforming the Debt Collection Industry

Eastern Credit Management Services

In an era defined by rapid technological advancements, industries across the board are undergoing transformative changes, and debt collection is no exception even in Atlantic Canada. The integration of cutting-edge technologies is reshaping traditional debt collection practices , bringing about increased efficiency, improved customer experiences, and enhanced data-driven decision-making.

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Resolve to Be More Proactive in 2024

Your Virtual Credit Manager

Two weeks ago we recapped the three most read articles from 2023: identifying red flags, understanding why customers pay late, and the secrets of successful collectors. Then last week we looked at credit hold best practices. From a credit management perspective, these are largely reactive topics. There is nothing wrong with that. In fact, once you decide to sell a customer on open credit, most of the accounts receivable (AR) management tasks that follow have a reactive component.

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How to Build a Passive Income Business for Retirement

Due

As a retiree, you’ll need a steady stream of income, but you probably won’t want to work that much. One solution to this possibly contradictory dilemma is to build and maintain a business capable of generating income passively – or at least, mostly passively. But what exactly does this mean? How can it help you retire successfully? And how do you ensure your business continues generating income indefinitely?

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Revolutionize Your Credit Application Process: A Compelling Case for Digital Transformation

Credit Research Foundation

In the dynamic landscape of credit management, embracing digital transformation is no longer just an option but a strategic imperative. Transforming your credit application process through digitization not only enhances credit extension capabilities but also significantly elevates the overall customer experience. Let’s explore the compelling business case for making this pivotal shift.

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What are the Benefits of our Credit Management Support Service?

Credit Management Group UK

Do you find it difficult to get paid on time? Have you ever had to write of a bad debt? Have you ever put off taking action on a debt, due to uncertainty? If your answer if yes to any of the above questions then you may find that, if not addresses appropriately, issues can snow ball and seriously damage your cashflow. To tackle these issues, for a low monthly cost we can provide your business with the expertise and support necessary in fully understanding your credit management issues, analysing

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Living Stingy: Making the Most of Every Dollar

Due

As financial pressures mount, making the most of your money is more important than ever. This is especially true since we are constantly pressured to keep up with the latest trends. One way to resolve these issues is to be stingy. The concept of living a stingy lifestyle might seem outdated today. Making the most of your hard-earned money is something you should embrace, however.

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Financial Planning Tips for Business Owners

Enterprise Recovery

While much of your budget planning was likely done in the fourth quarter, it's never too late to set your business up for success in the new year. Financial planning is valuable at any time - whether you're evaluating your business investments or measuring why your cash flow is slow. Read further to discover essential financial planning tips for business owners to ensure long-term success and growth.

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Call, connect, collect: Call your debtors directly in Chaser for simplified collections

Chaser

Late payments are a widespread challenge in the business world, affecting 87% of businesses globally (Chaser, 2022). Particularly for SMEs, this issue can be detrimental, often leading to significant financial instability. In fact, the FSB has reported that delayed payments contribute to the closure of up to 50,000 UK businesses annually. While Chaser's platform has historically centred on email and SMS reminders - contributing to over $7.6 billion in collected payments in 2023 - the landscape o

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The Power of Collaborating with Client Accounting Services for Business Growth

Accounting Department

Business growth is a key objective of any entrepreneur, but it is not always easy to achieve. There are many components, including having the appropriate financial infrastructure in place. This is where outsourced client accounting services come in.

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10 Unique Ways to Invest $100 and Grow it to $1000

Due

If you think $100 won’t be enough to invest, think again. With a little patience and discipline, you can grow that small sum of money quickly. After all, the amount you invest at first is not really what matters when it comes down to it. It’s all about getting started. So, without further ado, let’s take a look at ten unique ways to flip $100 into $1,000. 1.

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Audacy Prepares for Potential Chapter 11 Filing

Reorg Blog

Reorg reported that Americas second largest-radio broadcaster Audacy’s plans to file for bankruptcy. Learn more.

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High Yield Credit Outlook: Compelling Carry & Structural Tailwinds

Loomis Sayles Credit Research

1. What’s your overall view of the high yield market as we enter the year? Spreads are tight, but we think high yield credit offers compelling carry if the economy can avoid recession this year. Convexity, a measure of the sensitivity of bond prices to changes in interest rates, is something we talk about often. We think it looks really good right now, and we expect it’ll continue to be a nice tailwind for the high yield sector.

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The Journey From a Rigid Firm to Work-Life Harmony | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 10 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Boosting Your Odds of Loan Approval

Due

A personal loan provides a flexible means of funding various types of expenses. These loans can range from a low amount of $600 to the six digits. Borrowers may use personal loans to subsidize medical bills, car repairs, wedding expenses, funeral costs, and home renovations. They may also use the money for other purposes, such as debt consolidation.

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Consent Solicitation Amendments to Vedanta Resources’ Bonds

Reorg Blog

Vedanta Resources Limited successful consent solicitation for its $1 bn 6.125% bonds due 2024 made significant amendments to the bonds.

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Bank Loans Outlook: On Firm Footing

Loomis Sayles Credit Research

1. Bank loans had a great year in 2023, largely due to high base rates, [i] stable fundamentals and strong technical demand from collateralized loan obligations (CLOs). Do you think the loan market has the potential to achieve similar returns in 2024? We see potential for more tempered returns in 2024, though likely still higher than historical averages due to the current high interest rate environment.

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Podcast: Driving Cost Savings and Improving Liquidity

lsq

In today’s podcast, Craig Jeffery sits down with Vikas Shah from LSQ for a discussion on the pressing need for companies to focus on driving cost savings and improving liquidity. Vikas shares specific examples of how businesses are finding cost savings and adding scalability, along with a look into key market challenges such as increased demand, credit deterioration, and the importance of process efficiency.

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Why Therapy in Retirement Is So Important

Due

When preparing for retirement, most people think about finances and the impact of age on their physical health. But not enough people think about the mental and emotional aspects of retirement. Finding a good therapist and attending therapy regularly can help you manage the mental and emotional side – but many new and prospective retirees don’t even know where to begin.

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TEAR SHEET: Garuda’s LTM Q3’23 EBITDA >2.5x of 2019 Level

Reorg Blog

Garuda’s 2022 restructuring effectively reduced its debt, recapitalized its balance sheet and provided the company with a significant runway to execute on its long-term strategy and enhance its credit profile. Despite this, the airline faces challenges, including potentially aggressive capacity and market share expansion by Lion Air, and domestic price caps which limit Garuda’s ability to mitigate cost pressures.

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Understanding B2B Cross-Border Payments

TreviPay

Global trade has always presented opportunities. Today, 11 billion tons of goods are shipped each year. This amounts to an average of 1.5 tons per person. And since 1995, the market for international trade has grown by an average of 4 – 6% every year. However, there have always been challenges, too. Even with today’s sophisticated payment systems, buying and selling across borders can be difficult to set up and maintain.

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How to stop your payment reminder emails from going to spam

Chaser

In 2022 alone, 56.5% of all emails were spam. Anyone who's used an email work email account knows that their spam filter is second only to the coffee machine as the hardest working employee in the office.

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Saving $10,000 in Six Months: A Step-By-Step Guide

Due

Let’s face it, saving $10,000 in six months sounds impossible. There’s no doubt that it’s a big number, and the idea of drastically changing your lifestyle is daunting. Fear not, however. Using this step-by-step guide, you can achieve this seemingly impossible feat without sacrificing your sanity or happiness. Money Management: Take It Serious Although a Renaissance man, money management was undoubtedly Benjamin Franklin’s forte.

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Software and IT Service Review: Industrywide Slowdown in Top-Line Growth Except for Increased Demand for Risk Management Solutions; Resilient Profitability; Cash Conversion Holds Up Despite Rising Interest Rates

Reorg Blog

The post Software and IT Service Review: Industrywide Slowdown in Top-Line Growth Except for Increased Demand for Risk Management Solutions; Resilient Profitability; Cash Conversion Holds Up Despite Rising Interest Rates appeared first on Reorg.

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Insolvencies across construction sector continue to rise and late payments are the driving force

Know-It Global

Our construction industry is an integral cog within our economy and if figures continue to read so poorly, then we are running the risk of causing irreversible damage to the sector. Recent survey data conducted across UK construction industry professionals has lifted the lid on the dire state the industry is now in as a result of late payment culture.

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A Detailed Guide To E-Commerce Accounting In 2024

Lendio

The e-commerce store is a popular business model due to its low barriers to entry and high potential upside. However, owning one presents unique accounting challenges, and you need to understand them to keep your business running smoothly. Here’s everything e-commerce business owners should know about e-commerce accounting to keep your finances in order, including what makes it different, the primary tasks involved, and what steps to take before opening your store.

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Your Complete Guide to Long-Term Care Insurance in Retirement

Due

Retirement is a time of life we often associate with freedom, leisure, and the pursuit of dreams long postponed. However, it should also be a time when prudent financial planning takes center stage, especially when it comes to safeguarding your good health. While a long, happy retirement is something we’d all like, the truth is that as we age, the need for specialized, long-term care emerges.

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Court Opinion Review: Endo Abandons Section 363 Sale Strategy; Mercon Coffee DIP Rejected; Sinclair Strikes Out in DSG

Reorg Blog

The post Court Opinion Review: Endo Abandons Section 363 Sale Strategy; Mercon Coffee DIP Rejected; Sinclair Strikes Out in DSG appeared first on Reorg.

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The Post Office. What does this tell us?

Cpcmcredit Blog

As someone who has followed the revolting Post Office/Horizon scandal since the first story first broke in Private Eye and has been extensively covered by the Times since, I am more than delighted that the apparently superb and certainly game changing ITV Drama Mr Bates versus the Post Office (which admittedly I haven’t watched yet), has jolted the establishment into action.

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6 Ways to Improve A/R Collections Processes with Netsuite

Gaviti

As your business and finance team expands, your business may have a need to connect data from different departments and sources within your company. You may have already started to enjoy the benefits of using an ERP for its ability to facilitate processes related to your supply chain, inventory management and shipping and distribution. Your technical team might use it now for tickets in their product management, whereas your sales team might use it for their Customer Relationship Management (CRM