Credit Management Group UK

OCTOBER 4, 2023

Having an effective credit control function will hugely impact growth for any business. Many business expend a lot of energy into ensuring their sales function is in excellent shape but fail to recognise the importance the credit control has. Here are some of our tips for ensuring your business’ credit control is effective: Identify poor payers As you chase for payment on a regular basis, you will gain a better understanding of what kind of payer each customer is.

Credit and Collections 85

Credit and Collections Credit Management 85

RevCycle

OCTOBER 4, 2023

Dignity and respect are two important concepts that are often confused with each other. However, there is a subtle but important difference between the two. Dignity is the inherent worth and value of a person. It is something that we all have, regardless of our circumstances or actions. Dignity is not something that can be earned or taken away. Respect is the act of showing esteem or deference for someone.

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Your Virtual Credit Manager

OCTOBER 3, 2023

The typical course of action on managing bad debt loss is to identify, then focus credit and collection activities on individual customers who are financially weak. These customers pose the highest risk of bad debt loss. This is a classic approach and when executed properly, it can enable a company to satisfactorily manage their credit risk. It should also facilitate maximizing revenue from customers with a higher degree of credit risk.

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Bad Debt Accounts Receivable (AR) Credit Risk Credit and Collections 130

Due

SEPTEMBER 30, 2023

For most prospective small business owners, many of the costs of running a business are clear from the beginning of the process. Expenses like leasing commercial office or retail space, equipment, product inventory, and payroll , for example, usually don’t come as a shock to entrepreneurs who are planning their business startup costs. So, why do so many of them end up running into issues with the bottom line?

Small Businesses 119

Small Businesses Transactions Deductions Credit Scoring 119

Loomis Sayles Credit Research

OCTOBER 5, 2023

Affordability has been stretched thin across the United States as inflation, rising rates and limited housing stock have driven residential property values out of the price ranges of many buyers. According to data from the Zillow Home Value Index, home values in popular migrant destinations like Arizona, Nevada and Texas have increased 40-55% since 2020.

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Waystar

OCTOBER 4, 2023

[Note: This post was originally published in January 2021 but was updated in October 2023] Prior authorization. Pre-authorization. Precertification. Prior approval. Prior review. All of these names, though slightly different, refer to the same thing: prior authorization. What is prior authorization? Prior authorization is the process by which healthcare providers must request confirmation that an insurance provider will cover a prescribed medication, service, or treatment for a patient.

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Insurance Companies Transactions 105

Due

OCTOBER 3, 2023

For most business owners, there will come a time when they must decide whether they want to sell their company. If the answer is yes, a significant portion of their financial and professional future will suddenly hinge on an undertaking they’ll be doing for the very first time. And let’s be honest, there are few things in life we get right the first time.

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Transactions 116

Know-It Global

OCTOBER 4, 2023

As always, team Know-it have had another busy month. In September, we attended Accountex North, and are still on a high after the mission to Australia at the end of August. Here’s a wrap up of everything we’ve been up to! Australia Mission Success Due to the success of the Know-it platform in the UK, we are scaling up and taking on Australia! CEO and founder, Lynne Darcey Quigley and Wendy McMurray, Head of Product, headed down under in August as part of the UK Fintech Trade Mission!

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Credit Management 97

Accounting Department

OCTOBER 3, 2023

Budgeting is crucial for any business that wants to succeed in the long term. As a business owner or CFO for a small to medium-sized business, you may have experienced the challenges of creating and implementing a budget.

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Small Businesses 93

Emagia

OCTOBER 6, 2023

As businesses aim for better efficiency and productivity in today’s highly competitive and volatile markets, innovative technologies like Generative AI (GenAI) are becoming crucial tools for businesses to achieve success and growth. GenAI-enabled products help companies harness the potential of AI models to embrace advanced levels of creativity, productivity, and problem-solving capabilities.

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Order to Cash 64

Due

OCTOBER 2, 2023

Before the rise of the advanced technologies that many companies use today, traditional quality assurance practices required products and services to be evaluated manually. They evaluated key factors, such as workflow development, process improvements, and revenue generation. The American Society for Quality (ASQ) tells us that in late 13th-century medieval Europe, artisans formed guilds (or unions) that managed the development of stringent guidelines regarding the quality of products and servic

Credit and Collections 115

Credit and Collections 115

Reorg Blog

OCTOBER 3, 2023

The post Accell Inventories Swell to €1B as Over-Ordering Creates Unsold Bike Glut; Sponsor KKR Provides Up to €100M Shareholder Loan to Plug Liquidity Gap appeared first on Reorg.

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Accounting Department

OCTOBER 5, 2023

Our second Entrepreneurs' Organization (EO) event of the year, EO XCentric, took place in Detroit this week and ADC's Shawn Marcum, fresh off of EO Alchemy, set out to rock Detroit and spend some time with all of the great event attendees.

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TMC Financing

OCTOBER 4, 2023

TMC Financing Assisted 461 Small Businesses, Securing Over $1.7 Billion in Total Financing for Fiscal Year 2023 For the third consecutive year, TMC Financing is the No. 1 U.S. Small. The post TMC Financing Named Nation’s #1 SBA 504 Lender for 3 Years Running appeared first on TMC Financing.

Small Businesses 59

Small Businesses 59

Due

OCTOBER 4, 2023

In a world where working hard for your money has become the norm, it’s time to flip the script and let your money start working hard for you. Achieving financial freedom is not a far-fetched dream but a tangible reality. It’s not just about getting rich; it’s about creating a prosperous life. This notion of having one’s money working overtime is slowly gaining traction.

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Small Businesses 111

Reorg Blog

OCTOBER 3, 2023

The post Legal Analysis: Hong Kong Court Stays Arbitration Claim, Proceedings Against China Evergrande Pending Winding Up Petition Resolution; Ensures Equal Creditor Treatment, Avoids Undermining Administration of Assets appeared first on Reorg.

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Chaser

OCTOBER 3, 2023

Are you ready to take your accounting practice to new heights? The Xero UK Roadshow 2023 is just around the corner, offering a unique opportunity to immerse yourself in a world of accounting innovation and success. Chaser will be among the innovative Xero apps showcased at this event taking place in various locations across the UK. Find out more about the roadshow and why you should meet Chaser there in this blog.

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Business Credit

OCTOBER 5, 2023

Business Loans for Small Business Is your business in need of a loan or line of credit? In today’s post we’ll discuss business loans for small business owners and how to apply. First, let’s discuss how a business loan or line of credit can benefit your company. You can use a loan or line of […] The post Business Loans for Small Business – Soft Pull and Fast Funding appeared first on Business Credit.

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Small Businesses 53

Due

OCTOBER 1, 2023

Retirement is a time to celebrate! You’ve worked hard for years, and now it’s time to enjoy the fruits of your labor. The question is, what do you get the person who has everything? Choosing a humorous retirement gift shows them you care about them and you are thinking about them. Laugh out loud with these 54 funny retirement gifts. 1. Personalized Retirement Newspaper Printed on an abrasion-resistant canvas surface, this personalized spoof newspaper cover is a truly unique gift.

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Deductions 106

Reorg Blog

OCTOBER 2, 2023

GLP Pte Ltd held an earnings call today, Sep. 29 attended by Reorg. The call was led by GLP’s CFO, Nicholas Johnson and other senior executives from the company.

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Inc. Authority

OCTOBER 3, 2023

There is no excerpt because this is a protected post. The post Protected: How to Create a Florida LLC: A Step-by-Step Do It Yourself (DIY) Guide appeared first on Inc Authority.

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Chaser

OCTOBER 6, 2023

Credit control is the process of managing a company's outstanding debts and ensuring that customers pay their invoices on time. While it may seem straightforward, credit control can often present challenges for businesses of all sizes. Keeping cash flow steady and minimising debt are key priorities for any business, and effective credit control is crucial in achieving these goals.

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Due

OCTOBER 4, 2023

As a grandparent, you are probably among the 94% who generously contribute to their grandchildren’s financial well-being. Statistics reveal that such monetary support averages out to around $2,562 annually. It’s an act of love, demonstrating that the family tree’s roots run deep. The largest chunk of your support, as borne out by a 2019 report , likely finds its way into buying gifts.

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Medical Billing Deductions 98

Reorg Blog

OCTOBER 6, 2023

Guam Gov. Lourdes Leon Guerrero is concerned that Guam’s fiscal year 2024 budget, contains provisions that run counter to sound fiscal policy and could undermine the U.S. territory’s standing in the municipal bond market.

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Serrala

OCTOBER 4, 2023

Monex Serrala FX Payments christiane.hoe… Wed, 10/04/2023 - 22:37 Unlock FX Savings and Boost Cash Flow Today! Today, cross-border payments are a hassle for many enterprises with international business partners. Expensive, slow and non-transparent. We understand the complexities and challenges that businesses encounter in the world of cross-border payments.

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Transactions Default 52

Chaser

OCTOBER 5, 2023

Over the past decade, both Fintechs and AI (Artificial Intelligence) have evolved from disruptive buzzwords to crucial components of the financial industry. With the promise of increased efficiency, improved customer experiences, and reduced costs, fintech companies have readily adopted AI technologies in their operations.

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Due

OCTOBER 4, 2023

Prospective homeowners often ponder the size of the house they can afford , and navigating the process of buying a new home may be overwhelming. To alleviate stress, it is essential to utilize resources such as mortgage calculators and stay knowledgeable about different facets of the home-buying journey. The Importance of Understanding Home Affordability By thoroughly understanding factors that influence your budget, such as interest rates, down payments , and location-specific pricing, potentia

Credit Scoring 64

Credit Scoring 64

Reorg Blog

OCTOBER 6, 2023

Today, Wednesday, Sept. 27, Morgan Stanley priced the $770 mn in AMT, nonrated bonds with a final maturity on July 1, 2057 for the Brightline Florida Passenger Rail Expansion Project.

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TreviPay

OCTOBER 4, 2023

Payment gateways have long aided the world of payments. And, more recently, payment orchestration platforms have taken the payments industry by storm. Traditionally, business owners had to engage multiple service providers. Each offered various payment methods, payment gateways, processors, and merchant accounts, among other services. This often caused delays in payment processing.

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Credit and Collections Alternative Payment Methods Transactions 52

ForwardAI

OCTOBER 3, 2023

Originally published on Forbes. The turbulent waves of the global economy present an enduring test for leaders, pushing them to make sensible investment decisions amidst a sea of uncertainty. Factors such as geopolitical shifts and unanticipated global events can significantly jar financial markets, necessitating a resilient strategy that not only safeguards but also maximizes returns on investments in such unpredictable times.

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