Sat.Mar 22, 2025 - Fri.Mar 28, 2025

article thumbnail

40 Smart Ways to Build an Emergency Fund

Due

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.

article thumbnail

Are Your Commercial Credit Files Secure

Your Virtual Credit Manager

In order to manage the risk of extending trade credit, vendors need to collect information on their business customers. What they do with that information after making a credit decision is not a trivial matter. When those records were paper-based, the primary concern was access control. Now that digitalized records are the norm, customer privacy can be more easily breached by both internal and external bad actors.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to document and defend CECL qualitative factors

Abrigo

Document and be able to defend qualitative factors under CECL Financial institutions need to be able to explain and show how they developed Q factors for their allowance for credit losses. Modifications to the CECL calculation should be reasonable, supportable, and audit-ready. Key topics covered in this post: What are qualitative factors under CECL?

CECL 78
article thumbnail

Xero integrations: 5 best Xero apps to boost efficiency in 2025

Chaser

Manual processes at small and mid-sized businesses (SMBs) are costing $600 billion globally. Administrative financial tasks like accounting, payroll, invoice processing and more take up a significant portion of time for already-stretched SMBs (PYMNTS). As SMBs navigate an increasingly complex financial landscape in 2025, efficiency isn't just desirableit's essential.

52
article thumbnail

Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

article thumbnail

Older Americans worry about Social Security in retirement

Due

Eva Roberts, a 65-year-old Riverhead resident, is supposed to be entering her golden years. But the reality is different for her. Born in 1959, she wont qualify for full Social Security benefits until May 2026, two months before she turns 67. While uncertain whether she will apply forbenefits then, Roberts knows she will need to continue transporting students as a Riverhead Central School District driver to support herself.

59

More Trending

article thumbnail

How to use QuickBooks to get paid quicker

blue dot counseling

Late payment is a problem for too many businesses. But if you’re a QuickBooks user there are tools in the product that can help you get paid quicker. But before we look at QB, here are two things you could do immediately to speed up payments in the future: Why credit control matters for your […] The post How to use QuickBooks to get paid quicker appeared first on Blue Dot Consulting.

article thumbnail

2025 Small Business Outlook

TMC Financing

As small businesses navigate an ever-evolving economic landscape, business owners remain focused on growth, resilience, and strategic planning for the future. To gain insight into their expectations for 2025, TMC. The post 2025 Small Business Outlook appeared first on TMC Financing.

article thumbnail

Apple losing $1 Billion Annually on Streaming Services

Due

Apples streaming service is reportedly losing about $1 billion a year due to intense competition. Additionally, customers are becoming increasingly more picky when it comes to streaming services, contributing more to this huge loss. Apple losing $1 Billion on Streaming Services In previous years Apple would spend about $5 billion increasing the amount of content it would produce.

52
article thumbnail

Outstanding receivables: How long is too long for AR to remain unpaid?

Chaser

In the realm of business transactions, accounts receivable (AR) play a pivotal role in maintaining financial health. However, when invoices remain unpaid for extended periods, it can lead to cash flow disruptions and impede a company's ability to operate smoothly.

article thumbnail

Stop Chasing Payments: Expert Cheat Codes To Unlock Cash

GoCardless

Tired of chasing payments and lengthy spreadsheets? Join our panel of accounting and business leaders as they reveal the easy switches to automate payments and achieve stress-free collections.

52
article thumbnail

Manage your credit insurance with My DSO Manager!

Credit Tools

Optimize the use and management of your credit insurance policy with your My DSO Manager credit management and collections software. How does digitalization increase efficiency?

DSO 52
article thumbnail

GPM Landscape, Inc.: Achieving Property Ownership with the SBA 504 Program

TMC Financing

When Cameron Chandler mowed lawns in high school, it was to support his participation in team sports and not because he envisioned founding one of Phoenix, AZs, leading commercial-landscaping. The post GPM Landscape, Inc.: Achieving Property Ownership with the SBA 504 Program appeared first on TMC Financing.

52
article thumbnail

Accounts receivable aging schedule: How it works, benefits, and example

Chaser

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.

52
article thumbnail

The Future of Small Business Lending: Trends and Opportunities in 2025 

Biz2X

Reading Time: 4 minutes Challenges in the business landscape and the current economic outlook are fueling demand for small business lending. Banks and financial institutions are in a unique position to meet that demand but dont always have the infrastructure to meet a borrowers needs. Because of that, banks are missing out on opportunities, while lenders utilizing financial technology are providing a solution to business owners problems.

article thumbnail

Why your business DOES need a Finance Director / CFO — just not Full-Time

blue dot counseling

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.

52
article thumbnail

Insurance Claims & Prior Authorizations Streamlined with AI & RPA

RevCycle

In the complex world of healthcare revenue cycle management, insurance claims and prior authorizations are among the most time-consuming and error-prone processes. But with the rise of Artificial Intelligence (AI) and Robotic Process Automation (RPA), healthcare providers, payers, and third-party agencies have new tools to reduce friction, improve accuracy, and speed up reimbursement.

article thumbnail

Can a debt collector take you to court after 7 years?

Chaser

When it comes to managing personal finances, few things can be as stressful and daunting as dealing with old debts. A particularly pressing question for many is: can a debt collector take you to court after 7 years?

article thumbnail

Top 6 trends in healthcare RCM: AI, ROI, data security + more

Waystar

Todays healthcare revenue cycle landscape is undergoing significant transformations. From shifting payer policies and skyrocketing denials to heightened concerns around data security, the challenges providers face grow more and more complex. With $440 billion spent on healthcare administrative work every year , decision-makers are embracing new advancements in the healthcare revenue cycle including artificial intelligence (AI), software innovations, and strategic partnerships to drive efficie

article thumbnail

Why your business DOES need a Finance Director / CFO — just not Full-Time

blue dot counseling

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.

52
article thumbnail

TreviPay Launches Advanced Purchase Controls to Streamline B2B Purchasing and Enhance Compliance 

TreviPay

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.

article thumbnail

Account receivables discounting: Meaning and how it works

Chaser

Account receivables discounting, also known as invoice discounting or factoring, is a financial transaction where a business sells its accounts receivable at a discount to a third-party financial institution or service provider.

article thumbnail

Why Real-Time Financial Reporting is Essential for Your Business

Accounting Department

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.

96
article thumbnail

5 Tax Filing Tips You Can’t Afford to Miss in 2025

CreditStrong for Business

Tax season can be overwhelming, especially with ever-changing rules and deadlines. To ensure that your 2025 filing is smooth, efficient, and accurate, its crucial to stay on top of important updates and strategies. Whether youre filing on your own or working with a professional, these tax filing tips 2025 will help you maximize your refund, minimize mistakes, and avoid unnecessary stress.

article thumbnail

Smarter finances, stronger businesses

Plooto

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.

52
article thumbnail

Automate accounts receivables, reduce late payments with Odoo and Chaser

Chaser

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.

52
article thumbnail

The Hidden Risks of Relying on Proprietary Accounting Software

Accounting Department

Accounting is the backbone of any business, from managing cash flow to ensuring compliance and long-term scalability. Many business owners turn to proprietary accounting software for streamlined financial management, captivated by promises of simplicity and powerful functionality.

80
article thumbnail

How to Avoid Last-Minute Stress: Tax Filing Tips for Your Business

CreditStrong for Business

Tax season can be a stressful time for business owners, especially as the April deadline approaches. Waiting until the last minute to file your business taxes can lead to rushed decisions, missed deductions, and a lot of unnecessary stress. With tax season April 2025 quickly approaching, it’s crucial to take proactive steps now to ensure that your business taxes are filed smoothly and on time.

article thumbnail

Understanding Annuities: Benefits for Small Business Owners

Due

In the world of small businesses, annuities often fly under the radar. Thats right, those are the things you might associate with your grandparents retirement plans. As a business owner, however, youre missing out by not considering them. In addition to serving as retirement vehicles, theyre versatile tools that can make it easier for you to reach your financial goals and secure the future of your business.

article thumbnail

Average collection period formula: ACP formula + calculator

Chaser

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.

article thumbnail

Past Due to Bad Debt: The Strategies You Need to End the Cycle of Losses

Bectran

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 ".

article thumbnail

7 Best No Credit Check Business Funding Options: Success Tips for SMBs

FundThrough

Key Takeaways Many alternative lenders offer business funding without conducting a credit check, focusing instead on business revenues and cash flow, providing a viable option for businesses with poor credit. When evaluating loan options, it’s important to keep in mind that funding methods that don’t require a credit check still come with other ways to […] The post 7 Best No Credit Check Business Funding Options: Success Tips for SMBs appeared first on FundThrough.

52
article thumbnail

Boston Celtics Sold for $6.1 Billion

Due

The Boston Celtics basketball team is being sold to Bill Chisholm for $6.1 billion. While the deal is still pending NBA Board of Governors approval, this move has many basketball fans surprised. Boston Celtics Sold for $6.1 Billion Chisholm is a co-founder of Symphony Technology Group, a private equity firm based in Silicon Valley. Chisholm is a native of Boston and is expecting to take leadership in the organization when the deal goes through.

52
article thumbnail

Did you know we have six courses available to book NOW

Credit Management Group UK

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