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Uncertainty will always exist but if you are prepared, you will not be fearful. You got this. Medical emergencies and other financial priorities can loom large on your horizon, and lowering your financial defense isnt the wisest of choices. Having an emergency fund serves more than a financial cushion. Instead, this cushion is a lifeline to uphold financial resilience when the unexpected happens.
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An accounts receivable aging (AR) schedule is a critical tool for businesses to manage their unpaid invoices and track the time it takes customers to pay.
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The best of both worlds the senior financial input you need but without a full-time cost. The post Why your business DOES need a Finance Director / CFO just not Full-Time appeared first on Blue Dot Consulting.
New functionality enables businesses to customize purchase policy structures, reducing payment delays and increasing operational efficiency OVERLAND PARK, Kan., March 26, 2025 TreviPay , the most-trusted B2B payments and invoicing network, today announced the release of advanced purchase controls to allow businesses to configure and enforce customized B2B purchase policy structures that align with their procurement requirements.
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Financial reporting has long been a fundamental component of successful business management. It serves as the blueprint for decision-making, reveals opportunities, and identifies risks. Yet, in a rapidly changing economic environment, depending only on monthly or quarterly financial statements is gradually becoming outdated.
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What happens when entrepreneurs stop improvising their finances and start building smart, sustainable systems? They scale faster, reduce burnout, and gain the freedom to actually grow their business. On our first season of Greater Than The Sum , we spoke with Canadian SMB owners and experts whove lived this transformation firsthand. From late-night check-writing to scalable fintech stacks, their stories offer a playbook for entrepreneurs and finance professionals alike.
Chaser has launched a new integration with Odoo, bringing automated accounts receivable management to businesses using the popular ERP software worldwide. This integration helps Odoo users reduce late payments, eliminate manual chasing, and protect cash flow with intelligent, automated follow-ups and credit control tools.
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The average collection period (ACP) is a key metric used to measure the efficiency of a company's credit and collection process. It represents the average number of days it takes for a company to collect its accounts receivable from the date of sale. This article will explore the ACP formula, its significance, and how to use an ACP calculator to gain insights into your company's cash flow management.
This is part two of a two-part series. This article will cover the best practices to implement throughout your collections process to break the downward spiral of bad debt accumulation and eliminate the underlying causes of its occurrence. To gain the proper context of this article, please first view its companion piece " Past Due to Bad Debt: How to Segment Customers by Risk & Implement Collections Strategies that Match ".
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Improving Collection Performance We can improve your companys cash flow by training delegates on collection strategy and techniques on how to negotiate payment effectively. Future Course Dates W/c 12th May 2025 | W/c 7th July 2025 | W/c 6th Oct 2025 How to use the Small Claims Courts to get Paid The small claims court training course will cover the process and procedures of taking legal action to get outstanding debts paid.Wecover preaction protocols, issuing the claim through to hearing and en
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