2023

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Debt Ceiling Drama: We’re in for a Nail-Biter

Loomis Sayles Credit Research

The issue of the debt limit, also called the debt ceiling, has moved to center stage. On 1 May, Treasury Secretary Janet Yellen warned that the X-date, the date when the Treasury would not be able to meet all of its debt obligations if the debt ceiling is not raised, could arrive in the first half of June, perhaps as early as 1 June. It is terrible timing, coming on the heels of 14 months of aggressive Fed tightening, a shaky banking industry, a slowing US economy and a world still contending wi

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How to Create Generational Wealth With AI

Due

Artificial Intelligence (AI) is changing the world, and it’s no secret that those who master and harness this technology can create immense wealth for themselves and their clients. The rapid evolution of AI has brought about a new era where countless business opportunities can be pursued. This article will discuss why AI is the key to becoming wealthy in five years and how you can take advantage of this technological revolution.

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How Automation is Changing the Game for Today’s Accountants

Plooto

In 2024, accountants will no longer be deemed company number crunchers as they gain access to technology that allows them to play an increasingly strategic role in business decisions. It’s a role transformation that’s already begun, sparked by the accelerated adoption of digital accounting, fueled by cloud computing, automation, and AI.

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Take Control of Your Cash Flow: How Factoring Works

Sky Business Credit

Running a successful business comes down to a few key factors; the most important one is cash flow. Factoring is a type of alternative financing that allows you to take control of your cash flow by selling your accounts receivable to a third party (also known as a factor) to obtain immediate working capital. Now, instead of waiting for your customers to pay based on 30-, 60-, or even 90-day terms, you get cash immediately, and the factor collects the payment later.

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How Can Municipalities Deal with the Lack of Affordable Housing?

Loomis Sayles Credit Research

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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Stock Market Surge Concerns Federal Reserve

Due

The stock market has experienced a remarkable surge, with the S&P 500 increasing by 10% since the last Federal Reserve meeting just a month ago. This rapid growth has caused concern for the Federal Reserve, as they worry about the potential impact on inflation. Despite speculation of potential interest rate cuts by the end of 2024, examining how the Federal Reserve might respond to this recent market euphoria is crucial.

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Revenue cycle 101: prior authorization + referrals

Waystar

[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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SAP Developer Challenge – Full-Stack (SAP CAP + SAP Fiori elements)

SAP Credit Management

Welcome to the SAP Developer Community Challenge for the month of September. We will cover full-stack development with SAP Cloud Application Programming Model and SAP Fiori elements: a set of four weekly challenges encompassing front-end/client-facing and server-side/back-end development. This month’s challenge is to build a full-stack application based on the domain of tests/exams like in a school set-up.

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Reduce late payments with automated call reminders in Chaser

Chaser

Late payments have become a common challenge for businesses worldwide, especially for SMEs. Research indicates that 87% of businesses are typically paid late (Chaser, 2022). These late payments can have a detrimental effect on businesses, forcing as many as 50,000 businesses in the UK alone to cease operations every year, as highlighted by the FSB. Chaser, the market-leading accounts receivable solution, is committed to helping businesses combat late payments, and by utilising Chaser's receivabl

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Know-it 2023 Round Up- It’s Been a Blast ?

Know-It Global

What a year it’s been. A record-breaking year for signups, over £25 million in late payments collected in platform, key hires made, awesome product updates and even a trip down under all squeezed into 1 year. Let’s take a look back at all the things we’ve been up to in 2023! January Starting The Year On A High With The Addition Of Chris Anderson Chris joined Know-it in the new year as Group Commercial Director, to drive the UK and International growth plans for the business.

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FREE Credit Risk Assessment Toolkit

Credit Management Group UK

This is one of the measures in a business that can easily be missed in the excitement for a new sale. Unless you are taking the money upfront before any services or products are sent this is fundamental to your business. You need to carry out the right checks to make sure you will actually get paid for the work you have completed at the end. Credit checks will enable you to make the informed decision about the level of credit and in deed if you offer any at all.

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Felix Buehner on Automotive Digital Commerce

TreviPay

Meet Spryker’s Feliz Buehner: Felix Buehner is the Global Lead for Automotive and Mobility at Spryker , a leading eCommerce platform provider based in Berlin, Germany. With over five years of experience in the automotive and technology industries, Felix is a recognized expert in digital transformation and eCommerce solutions for the automotive industry.

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FundThrough Ranked Number 431 Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™

FundThrough

For Immediate Release PR Contact: Helen Shacklett, Sr. Manager Communications, FundThrough, hshacklett@fundthrough.com FundThrough Ranked Number 431 Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™ Attributes 280% Revenue Growth to integrated partnerships and increased solution awarness. Toronto, ON – November 8, 2023 – FundThrough today announced it ranked 431 on the Deloitte Technology […] The post FundThrough Ranked Number 431 Fastest-Growing Comp

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Sky Helps Experienced CEO Save Jobs of over 100 Employees

Sky Business Credit

When it comes to owning a business, every day brings its unique set of challenges. For Skip, an experienced CEO who had recently acquired a new company, the unexpected hurdles came fast and furious. In a matter of months, he found himself in a cash flow predicament that threatened to destroy his business and his employees’ financial livelihood. How It Began Skip purchased an established business less than a year ago and things were going well – until one day, with $1.5 million in receivables pen

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State Governments Face Diverging Outcomes in a Downturn

Loomis Sayles Credit Research

State governments tend to boast strong creditworthiness. They have a multitude of revenue streams, the ability to adjust budgets on the fly, and tend to have broad economies. These factors contribute to the sector’s generally high credit quality, with only seven states rated below AA. However, we expect the slowing economy to reveal imbalances that could affect credit quality and lead to diverging performance within the sector.

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The 12 Best Finance Books for Kids to Learn Money

Due

Most people find it hard to talk about money, especially between children and their parents. In fact, 57% of parents reported being reluctant to discuss money matters with their children. Furthermore, another study found that 74% of respondents said parents shouldn’t share information about their kids’ finances with kids under 14 years old, and another 14% said it should never be done.

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Revenue vs. Profit: Understanding the Difference and the KPIs that Matter

Accounting Department

Business owners strive to maximize their company’s profits. After all, profits are the primary metric of a successful business. However, not everyone understands the difference between revenue and profit, and why it matters for their business.

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Revenue cycle 101: What is denial management in healthcare?

Waystar

Denial management in healthcare RCM is critical. Denials affect everything from revenue flow to efficiency to patient satisfaction. And when research shows eight of 10 healthcare finance leaders say there’s room to improve denial management , properly managing them is a top priority. “Providers are investing significant time and revenue cycle resources to manage claim denials,” said Matt Hawkins, CEO of Waystar.

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CAP (Node.js) – Performance Testing and Tuning

SAP Credit Management

Background. It all started with a little project I was working on to synchronize thousands of records from SuccessFactors into a HANA database. (Yes, I know there are more automatic ways than writing something yourself, but when you know SuccessFactors you know that no SF system API’s look the same.). The structure of my solution is as follows: I have microservice #1 that merely exposes an ODATA API on top of my generic data model.

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The symbiotic relationship between sales and AR teams

Chaser

Siloing your sales and AR (Accounts Receivable) teams can harm your business. A lack of communication between these two integral departments can result in missed opportunities, delayed payments, and, ultimately, lost revenue.

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Know-it October Round Up

Know-It Global

It’s been another busy month at Know-it! We are excited to welcome a new team member ​​​​​and receive a fabulous award! Read all about October with us and the exciting things that have been going on in the October round up blog! Phil Hobden – Head of Growth and Strategy Know-it are excited to announce the addition of Phil Hobden to head up the Know-it sales team!

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Get an LLC for Free | Incfile

incfile

Creating an LLC is one of the best ways to start your entrepreneurial journey and get the right legal structure in place for your new business. And luckily, getting an LLC for free is easy (outside of those pesky state fees)!

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UK B2B Trends: Building Loyalty with Modern Trade Credit 

TreviPay

The past few years have been tough for businesses of all types. B2B companies have struggled to meet the digital desires of today’s business buyers, who have been spoiled by the ease of B2C purchasing experiences. Although it’s commonly accepted B2B trends lag behind consumer-focused initiatives, business customers still want—and expect—fast and frictionless transactions.

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Unlock the Power of Spend Management: A Guide for Small and Mid-Size Businesses

Plooto

Few activities in business have as much impact in reducing costs, eliminating waste, detecting fraud, and improving the bottom line than spend management. It is the foundation for operational efficiency, cost containment, and visibility throughout the company.

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How Factoring Saved a Business

Sky Business Credit

Joe’s* business performs collections of past-due utility bills for a large city. It’s a straightforward gig: the city tells him exactly how much they’re going to pay him they tell him when they’re going to pay him his only expense is payroll Unfortunately, Joe consistently had a 10-14-day shortfall between payment and payroll. For years , he and his bank managed this mismatch through overdrafts.

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7 Funding & Business Resources for SMBs Affected by Hurricane Idalia

FundThrough

In the wake of Hurricane Idalia, the devastation faced by entrepreneurs is deeply felt. As business owners ourselves, the very thought of watching years of hard work being swept away overnight is heart-wrenching. Understanding the importance of rebuilding and getting back on your feet as soon as possible, we’ve compiled a few useful resources.

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Top Businesses for Women Entrepreneurs to Start in 2023

Due

The number of female entrepreneurs is growing rapidly. In fact, in 2021, 49% of new businesses were started by women , up from 28% in 2019, according to a survey by HR services company Gusto. According to the U.S. Census Bureau, in 2020, 21.4% of all U.S. businesses were owned by women , and those businesses employed 10.9 million employees. Those are staggering numbers and represent how women are advancing in an area that has long been dominated by men.

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FREE Credit Management Reporting

Credit Management Group UK

The third instalment of our FREE toolkits is the Credit Management reporting section. These handy printouts explain the process you should follow and the best reports you should be creating in order to keep a close eye on your cash flow. Credit management reports are useful to track the collection performance, by reporting key measurements every month, trends can be monitored.

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Rev cycle 101 – Healthcare revenue cycle terminology: Denial prevention glossary

Waystar

In the healthcare revenue cycle, acronyms are common — and also critical. Whether you’re in charge of denial prevention or billing services or working appeals, you need to be able to quickly grasp healthcare revenue cycle terminology. Scroll through the glossary below or click on a term to jump to a concise definition of each commonly used term. Healthcare revenue cycle terminology: Denials 101 Allowed amount Appeal Balance billing Billing fee schedule Birthday rule Bundled service Capitation Ce

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A New Home in the New Year for the SAP Community

SAP Credit Management

In 2016, the SAP Community moved from its old SCN home to its current platform. And in 2024, we’ll have moved once again — but to a new home that, actually, isn’t entirely new at all. In late 2021, we launched our groups platform on Khoros. Starting with a few areas, this platform has since exploded to cover a wide variety of topics, providing discussion forums where participants can connect with peers in their locations , chat with like-minded members about common interests

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