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Learn MoreSmart and efficient credit risk management is critical to the bottom line. It's especially important if you're like the many companies that are offering the convenience of B2B e-commerce to customers. Consider these insightful industry research findings: In its 2021…
Corporate bankruptcy rates are at Great Recession levels last seen in 2009-10. The worse news? The year's only a little more than half over. CEOs, CFOs, credit departments and Sales team members need to be aware of the higher risks…
Your finance staffers watch for duplicates and other payment slip-ups all year long. But why should they be especially cautious this month? July represents the peak time of year in terms of invoices processed, according to research from Concur. And it was during July…
More and more businesses are relying on email over phone calls to collect from past-due accounts. Email is faster and more direct than trying to connect with a late payer on the phone. Of course, people can ignore a collections…
2023 promises to be a very challenging year for Accounts Receivable departments. The word from many in the A/R and credit & collections arena is that customers are stretching payments as far as possible, and past-dues are surging. Inflation and…
Can automated payment systems be guilty of discriminating against certain groups of people? The federal government says yes, they absolutely can - and the feds plan to fine and possibly prosecute companies that rely on automated systems to do business.…
Companies are declaring bankruptcy at a rate not seen since the 2010 recession. And it's bad news for credit and accounts receivables departments attempting to collect debts. Compared to a year ago, total commercial bankruptcy filings increased 12% year-over-year in…
B2B credit departments are steadily embracing new technology and automation. But one area where companies are steadfastly sticking to the past is new credit applications. More than half of credit professionals report 25% or less of their credit applications are…
Cloud-based A/R is rapidly becoming a must-have for businesses of all sizes. But where is A/R technology heading, and what should you expect it to do? Here are some key trends where this fintech is evolving. Can your A/R tech…
The 2022 End-of-Year Sales Tax Rates and Rules report by tax technology solutions provider Vertex Inc. has both good news and bad news for your finance team. First, the good news: The overall number of sales tax rate and rule…
The start of the new year looks a lot like what we saw over 2022: Businesses are struggling to pay their bills. Late payments are higher than normal and it's creating a challenge for Accounts Receivable and credit departments everywhere.…
Almost every company faces this scenario at some point: A small to midsize business customer is late making payment for a product or service. Phone calls, emails and letters to the client reminding it of the debt and the terms…
Resourceful Finance Pro, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day's headlines, Resourceful Finance Pro delivers actionable insights, helping Finance execs understand what Finance trends mean to their business.
