2024

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Six of the largest US banks take part in a Federal Reserve exercise

Due

The Federal Reserve has released a statement detailing that some of the largest American banks participated in a new exercise. The Climate Scenario Analysis Exercise (CSA) involved some of the biggest names in banking and sought to asses their climate risk-management practices. Banks take part in climate exercise Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo participated.

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Sorrento Shareholder Alleges Newly Uncovered Evidence ‘Proves’ Latham, Jackson Walker ‘Conspired’ to Fraudulently Fix Venue for Sorrento Ch. 11 Cases in SDTX

Reorg Blog

The post Sorrento Shareholder Alleges Newly Uncovered Evidence ‘Proves’ Latham, Jackson Walker ‘Conspired’ to Fraudulently Fix Venue for Sorrento Ch. 11 Cases in SDTX appeared first on Reorg.

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Buyer Perspectives: The Changing Landscape of B2B Purchases

TreviPay

B2B buyers, much like their B2C counterparts, are driving higher expectations when it comes to the purchasing experience. At TreviPay’s Crossroads Conference, the “Buyer Perspectives” panel explored the shifts in B2B buying behaviors, emphasizing the importance of value, relationships and technology in today’s marketplace. Moderated by Piers Gorman , the discussion featured insights from Rosilyn Richey of Viking Cruises and James Norfor of b2buy.

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Build a useful Xero chart of accounts

blue dot counseling

Accountants & bookkeepers let themselves be constrained by the standard chart of accounts in Xero. But see it as a starting point, not a fait accompli. The post Build a useful Xero chart of accounts appeared first on Blue Dot Consulting.

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5 Common Challenges Faced by A/R Teams That Can Be Overcome Through Automation

Gaviti

Automation delivers finance departments many benefits, including accurate predictions and insights related to revenue and sales so that CFOs and their teams can make better business decisions. Despite this, automation in accounts receivable has met its fair share of skepticism from business leaders worldwide. Some of the main concerns include change management and employee adaptability to new technologies, adherence to compliance, how easily the automation technology integrates with other financ

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Is it good if your AR has decreased?

Chaser

Accounts receivable (AR) is a critical metric that reflects the financial health of a company. A decrease in accounts receivable can be a positive sign of efficient credit management practices, a strong economy, increased sales, efficient inventory management, or favorable payment terms.

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How Funding Can Differ at Various Stages of Your Business

biz2credit

Business funding is a critical aspect of every business’s lifecycle, evolving significantly as a company grows. From the initial idea to scaling operations, understanding the different funding stages and appropriate financing options available can help ensure sustained growth and success. This guide will walk you through the various startup funding stages and explore financing options … Continue reading "How Funding Can Differ at Various Stages of Your Business" The post How Funding Can Di

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Unlocking Profit Potential Through Strategic Financial Forecasting

Accounting Department

In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.

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From Chaos to Control: How Know-it Brings Order to Your Credit Control Process

Know-It Global

Managing accounts receivable can often feel like navigating through chaos, especially when dealing with late payments, discrepancies, and inefficiencies. However, with the right tools and strategies in place, businesses can transform this chaotic process into one of control and efficiency. In this blog post, we will explore how Know-it can help bring order to your accounts receivable process, leading to improved cashflow, stronger customer relationships, and overall business success.

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TMC Financing Celebrates Four Consecutive Years as the Nation’s #1 SBA 504 Lender, Breaking New Records

TMC Financing

490 Small Businesses Served, Securing Over $1.8 Billion in Total Financing for Fiscal Year 2024 For the fourth consecutive year, TMC Financing is named the No. 1 U.S. Small Business. The post TMC Financing Celebrates Four Consecutive Years as the Nation’s #1 SBA 504 Lender, Breaking New Records appeared first on TMC Financing.

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Russian-Swedish national sentenced for $440m darknet money laundering

Due

A Russian-Swedish national has been sentenced to a jail term for the operation of the longest-running Bitcoin money laundering service on the darknet that processed nearly $500m in funds. For more than ten years, Roman Sterlingov’s platform and service were seen as the go-to money laundering service for criminals seeking to “wash” their ill-gotten gains tied to illegal narcotics, computer crimes, identity theft, and child sexual abuse material.

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How To Get A Loan To Start A Business From The Government

CreditStrong for Business

Starting a new business can get expensive fast. Whether you’re purchasing new equipment, getting supplies, or buying inventory, it can feel like there’s not enough cash flow to make it work. In this article, we’ll make it easier on you by uncovering what to expect from government small business loans and how to prepare for them. How To Prepare To Get A Business Loan From The Government The Small Business Administration (SBA) partners with lenders, banks, and credit unions to provide loans to sma

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Transform Your FP&A with AI: 4 Key Levers for Success

TreviPay

Finance teams face increasing pressure to deliver faster, more accurate insights. Traditional Financial Planning and Analysis (FP&A) processes, often dependent on historical data and manual work, are struggling to keep up with modern demands. To meet these challenges, businesses are turning to AI to optimize their FP&A functions and enhance decision-making.

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Digital 55 – Pioneering Creative Content with A Strategic Financial Partnership

FundThrough

Introduction Crafting the Future of Content through Strategic Financial Agility Digital 55, an avant-garde digital studio, blends creative storytelling with cutting-edge technology to produce dynamic media and digital learning experiences. Under the leadership of founder and Chief Creative Officer, Lauralee Sheehan—an indie musician turned digital innovator—the company has carved a niche in creating impactful digital […] The post Digital 55 – Pioneering Creative Content with A Strategic Fi

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Tatics to drive BigCommerce Halloween After Sale Profits with Automated Campaigns

Grit

Maximizing profits after Halloween is essential for BigCommerce merchants. The holiday season doesn’t end on October 31st. There are still plenty of opportunities to drive sales during the Halloween after sale period. Automated campaigns can help you manage these post-Halloween sales efficiently, saving time and boosting revenue. Understanding the Importance of Halloween After Sales Halloween after sale campaigns are crucial for keeping the momentum going after the holiday.

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Beware of Fraudulent Letters: Protect Your Personal Information from Data Broker Exploitation

Regal Credit Management

Photo by John Schnobrich on Unsplash Recently, we have seen a rise in fraudulent letters or email scams being sent to our clients. These letters often claim that the sender has compromising information about the recipient and use fear tactics to demand payment or action. While the threats are typically baseless, the real concern lies in the amount of personal information these scammers have—information they likely obtained from data broker reports.

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Mapping the best finops stack for your business

Plooto

Financial technology (fintech) makes it easier for businesses to do everything from issuing invoices and processing payments to managing expenses and making payroll. These solutions are the behind-the-scenes tools that quite literally allow businesses to send and receive money.

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How Working Capital Loans Can Support Your Business Operations

biz2credit

Being a business owner means juggling multiple priorities at the same time. When you have strong cash flow and a good profit margin, it’s fairly easy to cover operational costs. But when circumstances change—due to a slow period, increased competition, an unexpected expense, or even a new growth opportunity—where do you find the cash to … Continue reading "How Working Capital Loans Can Support Your Business Operations" The post How Working Capital Loans Can Support Your Business Operations

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ADC Attends The 2024 Genius Network Annual Event

Accounting Department

Last week, AccountingDepartment.com Co-Founder, Bill Gerber, and Business Development Representative, Shawn Marcum hit the road and attended the Genius Network Annual Event in Scottsdale, AZ.

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Know-it January Roundup?

Know-It Global

We made it through January! It was a long month, but a busy one at Know-it. We hope you’ve had a great start to the year. Here’s everything that’s been happening at Know-it, there’s a lot to catch up on! Our 1st Webinar! We want our clients to get to know us better, so we hosted our first webinar in January! Know-it CEO and Founder Lynne Darcey Quigley joined Head of Strategy & Growth at Know-it, Phil Hobden.

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Is A Small Business Loan Secured Or Unsecured?

Lendio

A small business loan can be secured or unsecured. A secured loan is backed by collateral like property, equipment, or other business assets of value. An unsecured loan is based on creditworthiness alone and leaves a lender unprotected if the loan is not repaid. Learn more about secured vs unsecured business loans below to decide which option is right for you.

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Nevada man convicted for his part in a $11.2M COVID-19 scam

Due

A man from Nevada has been convicted of a fraud scam involving $11.2M in COVID-19 pandemic relief funds intended to help small businesses. The person at the heart of the fraud case, Meelad Dezfooli, was prosecuted by Trial Attorneys D. Zachary Adams and Taylor G. Stout of the Criminal Division’s Money Laundering and Asset Recovery Section (MLARS) and Assistant U.S.

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What to Look For When Purchasing an Accounts Receivable Software

Gaviti

When purchasing accounts receivable software, making the right choice is crucial for making sure your goals are met and achieving a high return on investment. There are a range of different solutions available on the current market — automated, integrated, and autonomous — that address different needs and deliver different solutions. Knowing exactly what to look for can help you make the best decision for your business needs and weed out accounts receivable automation software options that might

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Connecting the Dots in B2B Payments: Inside TreviPay’s Crossroads Conference

TreviPay

Connecting the Dots in B2B Payments: Inside TreviPay’s Crossroads Conference TreviPay’s Crossroads event is more than just a conference — it’s a premier gathering for professionals in the B2B payments space, where innovation meets opportunity. This year’s event in Kansas City promises to explore the future of B2B payment solutions while addressing the most pressing industry challenges.

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In-house accounting for a growing business – often the right answer but how do you get there?

blue dot counseling

“We need to take our accounting work by the scruff of the neck and bring it in-house, away from our accountants!” The situation above was a little extreme but it’s the right direction of travel for many businesses as they grow. Bookkeeping and accounting is a role that lends itself well to outsourcing (it’s a […] The post In-house accounting for a growing business – often the right answer but how do you get there?

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GoCardless opens its new headquarters in Riga

GoCardless

Purpose-built space in the Central District cements GoCardless’ commitment to the region, while providing a best in class employee experience to its growing team

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Thanksgiving Email Examples and how to setup on BigCommerce

Grit

Thanksgiving is a pivotal time for eCommerce businesses, as it marks the beginning of the holiday shopping season. For retailers, it’s an opportunity to drive sales, engage customers, and build long-lasting relationships. This blog’ll explore some of the best Thanksgiving email examples and how to set them up effectively on BigCommerce. Top Thanksgiving Email Examples for BigCommerce Festive Promotion Announcement A well-crafted festive promotion announcement can generate excitement and ur

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Learning and growing in fintech

Plooto

What led you to join Plooto, and what has your journey been like since then? As someone who majored in Economics, I was always interested in working in fintech. When I was looking for startups to apply to, the name Plooto kept coming up. Plooto is well known in the Toronto startup space, and I thought the company would be a good fit.

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Top Financial Risks Facing Small Businesses and How to Manage Them

biz2credit

Only 50% of small businesses survive five years of business, according to the U.S. Census Bureau. While it may be an intimidating number to face, understanding the risks small businesses face is the first step to crafting a financial strategy that effectively anticipates and manages these threats to your business. The best defense from financial … Continue reading "Top Financial Risks Facing Small Businesses and How to Manage Them" The post Top Financial Risks Facing Small Businesses and H

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ADC Gets "Unbridled" at EO XCentric!

Accounting Department

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

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