Your Virtual Credit Manager

APRIL 2, 2024

Commercial credit scores predict the likelihood of a business fulfilling its financial obligations, particularly regarding debt repayment and trade credit. As such, they are just one of the many tools, such as credit reports, supplier and bank references, and financial statement analysis, that can help assess a business's creditworthiness. Their greatest value, however, may be not what they can tell you about an individual company, but what they can tell you about your entire accounts receivable

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Credit Scoring Credit and Collections Bad Debt Credit Risk 130

Due

APRIL 3, 2024

The human brain and body are intricate systems that have been fine-tuned over millions of years to prioritize survival. One of the ways they achieve this is by favoring the status quo, or what is familiar. This preference for familiarity is so potent that it can often override our conscious desires for change, making it challenging to break free from patterns of behavior or thought that may be detrimental to our well-being.

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Know-It Global

APRIL 2, 2024

New changes have come into place in April 2024, with updated standards for Prompt Payments being introduced. As of April 1 st, 2024, there are significant changes for big businesses bidding for large government contracts. The Prompt Payment Law brings significant changes that will impact businesses across the country, so we’ve broken down the details to make sure you understand what this means for your business.

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Credit and Collections Small Businesses Credit Management 104

Lendio

APRIL 1, 2024

Starting a business is expensive and entrepreneurs are always looking for ways to save money. Here are some free resources and services that will help you grow as a business and a businessperson. US Small Business Administration. Some of the best free resources for small business owners in the United States are actually offered by the government–the US Small Business Administration (SBA) has tips, articles, studies, and even granting opportunities.

Small Businesses 98

Small Businesses 98

Credit Management Group UK

APRIL 1, 2024

I’m sure many businesses have an interest clause within their Terms and Conditions in regards to late payment. I’m also sure that many businesses never take full advantage of late payment interest due to fear of damaging a relationship with a customer, or simply that they don’t know how to effectively apply it. However, the mention that Interest and other costs might be applied to a debt is good leverage to use on obtaining payment more quickly.

Credit and Collections 85

Credit and Collections Credit Management 85

Due

APRIL 3, 2024

The stock market is a fascinating, ever-changing beast, with a multitude of factors influencing its performance. One of the most respected metrics used to assess the valuation of stocks is the Buffett Indicator , named after the legendary investor Warren Buffett. This indicator has proven to be a reliable tool for investors, offering insights into whether the market is overvalued or undervalued.

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Lendio

APRIL 1, 2024

As a small business owner, you’re always on the go, tackling your ever-growing to-do list. However, you know it’s important to keep learning and staying on top of the latest trends, tactics, and technology. While it’d be nice to set aside a few hours each week for self-improvement, there’s just not enough time for it. And that’s why podcasts are the perfect go-to resource for busy small business owners.

Small Businesses 98

Small Businesses 98

Abrigo

APRIL 2, 2024

Stand-ou t bank business strateg ies for lending success These bank business strategies will help you market, target, add value to your lending services and build lasting relationships with your borrowers. You might also like this SMB Lending Insights report for banks and credit unions Download report Takeaway 1 Banks need to implement good business strategies to attract new customers and build on existing relationships.

Credit Risk 68

Credit Risk Credit and Collections Credit Unions Small Businesses 68

Due

APRIL 1, 2024

Target date funds, or lifecycle funds, have emerged as a popular investment choice for retirement accounts like 401k’s. Their appeal lies in their simplicity and convenience to investors planning to retire around a specific year, say 2055. However, it’s important to note that even funds with the same target retirement date can have significant variations.

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Accounting Department

APRIL 5, 2024

We are thrilled to announce that Episode 16 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Reorg Blog

APRIL 3, 2024

Kloeckner Pentaplast, or KP, has a short window to deliver on an ambitious business plan and become a viable issuer for primary market participants, ahead of a €1.6 billion-equivalent maturity wall in March 2026. As the business environment stabilizes following last year’s destocking activity, KP’s senior unsecured notes pricing could improve from their current level of mid-50s, in Reorg’s view.

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biz2credit

APRIL 2, 2024

In this article, we cover: What is slow business? What does slow business mean for you? How to improve your business during the slow season Turn a slow business into a productive one Staying in business long enough will teach you that there are cycles and seasons of growth. During the high season, you’re literally … Continue reading "What To Do When Business Is Slow" The post What To Do When Business Is Slow published first on.

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Due

APRIL 1, 2024

The legendary Warren Buffett has amassed a fortune worth numerous billions of dollars through his company Berkshire Hathaway. Aside from building one of the largest companies in the world, he is also one of the world’s wealthiest people. In addition to being an excellent investor, Buffett is known for his wit and timeless advice for investors.

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blue dot counseling

APRIL 1, 2024

So, although a restaurant and a recruitment business will both have a profit and loss report - the structure and content will be different. The post What are management accounts and why are they useful? appeared first on Blue Dot Consulting.

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Reorg Blog

APRIL 2, 2024

Thames Water parent Kemble reportedly risks entering into insolvency unless lenders agree to a debt-for-equity deal. Last week, Thames Water blamed regulator Ofwat for not providing the necessary regulatory support for a business plan that “ultimately addresses” the issues that Thames Water faces after more than a year of negotiations, as reported.

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Accounting Department

APRIL 4, 2024

Outsourced accounting services play a crucial role in providing valuable assistance to business owners, CEOs, and entrepreneurs. With our extensive experience at AccountingDepartment.com, we have successfully tackled a myriad of challenges that businesses encounter in their accounting processes.

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Due

APRIL 1, 2024

The first quarter of 2024 has just concluded, and the S&P 500 has recorded an impressive 10% gain. This significant increase has sparked a flurry of media commentary, with many suggesting that this rapid growth is unsustainable and that investors should brace for a potential downturn. However, a closer examination of the data reveals a potentially different narrative for the 2024 outlook.

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Lendio

APRIL 5, 2024

We have around 773,000 franchise establishments in this country—but what’s the draw for small business owners? Let’s look at it this way: say, for instance, that you’re a novice entrepreneur. Would you rather start a business from scratch or place your bets on an established operation? Many people just starting out would choose the latter. But franchises aren’t only for budding entrepreneurs.

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Credit and Collections Small Businesses 52

Reorg Blog

APRIL 2, 2024

New Coverage: Rivian Automotive may face liquidity shortfall in H2'25 absent improvement in gross margin. Learn more with Reorg.

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Grit

APRIL 4, 2024

It can be difficult to figure out how to draw in new clients and keep existing ones. Trying to figure out which marketing and sales tactics stick could be like tossing spaghetti at the wall. Even then, after sifting through masses of data, it might be challenging to determine what worked and what didn’t for B2B demographic segmentation. Finding the appropriate target market for your goods or services will help you customize your marketing techniques to have the most possible impact.

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Due

APRIL 3, 2024

Amazon, the biggest retail entity in the world, has scrapped remote “Just Walk Out” checkouts in US-based stores. The move from Jeffery Bezos’ shopping empire was first announced in the Information , which the company would later confirm was true. Amazon rethinks retail strategy The “Just Walk Out” option used by the marketplace giant has been tossed out and will be replaced with scanners attached to carts.

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Gaviti

APRIL 3, 2024

When accounting departments want a quick evaluation of the health of a business, they often look at their DSO, or days sales outstanding. Traditionally, a low DSO indicates that your company has capital available and is in good financial standing. However, days sales outstanding are subject to a range of factors and targets should always be based on the wider context of the business and industry.

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DSO Days Sales Outstanding Credit and Collections Collection Effectiveness Index 52

Reorg Blog

APRIL 5, 2024

The post WeWork Determines Final Path Forward at 90% of Real Estate Portfolio Locations via Amended Leases, New Management Agreements, Lease Rejection Process; Expects Emergence from Chapter 11 by May 31 appeared first on Reorg.

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Chapter 11 52

Grit

APRIL 4, 2024

Businesses need to figure out how to differentiate themselves from the competition in today’s cutthroat eCommerce market and entice customers to return. Customer segmentation is a very efficacious strategy that involves the division of customers into discrete groups predicated on shared attributes or behaviors. The process of identifying and classifying clients based on shared attributes such as age, industry, gender, etc. is known as customer segmentation.

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Due

APRIL 4, 2024

The current discussion of the gig economy focuses on its negative impact, highlighting the drawbacks of independent contractor agreements and the greater uncertainty in online work. However, the gig economy can mean something else for workers approaching retirement age. The benefits of remote work, independent contractor agreements, and other informal types of employment may outweigh their disadvantages.

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Small Businesses 105

Chaser

APRIL 3, 2024

The ability to negotiate accounts receivable is critical for the survival and prosperity of your business. Your negotiation skills can make the difference between a healthy cash flow and the debilitating effects of late payments. If you’re wondering how significant this issue is, consider that in the UK, 50,000 small businesses are forced to close each year due to late payments.

Small Businesses 52

Small Businesses 52

Reorg Blog

APRIL 3, 2024

Arizona State University, or ASU, and the city of Burbank, Calif., are the next two borrowers looking to redeem their Build America Bonds, or BABs, according to EMMA notices posted last week.

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Grit

APRIL 4, 2024

Comprehending the customer journey with retail customer segmentation is crucial for achieving success. Instead of assuming what your audience wants and prefers, you can use it to craft offers and marketing that speak to them. These are the elements that distinguish a brand from competitors and provide customers with a reason to choose you. Let’s explore retail customer segmentation and develop an effective customer segmentation plan.

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Due

APRIL 3, 2024

To enhance Home Depot’s offerings to professional tradespeople, the company has acquired SRS Distribution Inc. The world’s largest home improvement retailer will be making the deal with the “leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper, and pool contractor,” according to a release from the company.

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Lendio

APRIL 2, 2024

Is it time for a career change? Do you have a unique skill set in a niche field but want to expand your knowledge into something new? Many entrepreneurs started out in their fields and saw opportunities outside of the norm. They made dramatic changes in their career plans and took risks to enter new and lucrative markets. This could be you. Below are a few unique business ideas that rise to customer demand.

Small Businesses 52

Small Businesses 52