Credit managers are relatively optimistic about the state of the economy these days. But one critical sector in particular is behaving like it's in a recession - and it's going to have ripple effects on creditors and supply chain partners.…
Credit and Collections
Finance pros know there's more than one way to motivate staffers to improve their performance. Chances are you've tried incentive programs and training tactics to get your teams to collect. There's a variety of carrots to dangle based on what…
If you're like most businesses these days, you're either dealing with a customer or two that's stretching payment deadlines as far as possible (or are past due), or you're worried it's about to become a problem and cut into your…
Forward-thinking companies like yours are always looking for ways to optimize A/P and A/R processes to keep your business's cash flow well-balanced. But outside of using automation technology to reduce errors, streamline vendor invoice approvals and process customer payments, what…
Many of the vendors you work with may be among the more than 2,300 U.S. businesses that accept the cryptocurrency bitcoin, according to a report from Deloitte. There may be even more businesses exploring cryptocurrency right now because, unlike cash,…
Word on The Street is the U.S. Federal Reserve wants to hike interest rates at least a couple more times in coming months, which will effect how much businesses want to risk borrowing or extending more credit to customers, among…
We hate to point out the obvious, but sky-high inflation is making it more difficult for businesses to make ends meet these days. And it's also placing a heavy burden on companies' cash flow efforts. The economists who predicted "temporary"…
No matter the size of your business, it's worth taking note of the strategic moves that small businesses have made to adapt, innovate and survive since the pandemic, and considering if they're also right for you. A recent survey by…
For a while, vendor portals were great because A/R staffers didn't have to spend so much time on the phone with your customers' A/P departments to check the status of invoices or track a purchase order. However, over time your…
What are your company's A/R delinquency rates? A full 15% of business-to-business receivables are currently past-due. So says the new B2B Payments Innovation Readiness report, a collaboration between PYMNTS and American Express. Nobody wants to carry old agings into a…
The ever-growing, ever-changing realm of online sales tax has made the waters so muddy compliance can seem like an impossible task. Your fellow CFOs confirm that in the Future of E-Commerce Compliance: Part 1, by TaxJar.It shows where the greatest…
Though it’s been three years since states gained the ability to tax online sales, some are still toying with their economic nexus thresholds. The latest state to do so: Maine. As of now, remote sellers must collect sales tax if…
