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Learn MoreIf your Accounts Receivable (A/R) process still includes manual steps, you're not the only one. Not by far. Recent A/R benchmarks highlight how many companies are struggling with outdated systems and limited automation capabilities. About 70% of companies still lack…
Late or slow payments continue to stall progress for today’s finance teams. These delays often stem from large organizations renegotiating due dates to better control their own cash flow, creating downstream pressure on vendors and suppliers — and increasing the…
Among all the important tasks CFOs and collectors juggle every day is trying to reconcile accounts due. There may be more pressure this year than ever on your credit and collections efforts. Collection Method Changes Bottom line: How a company…
If yours is like most companies, you've got at least one staffer managing cash application of payments. And if your cash application relies on manual processes, it can feel like a full-time job. A recent National Association of Credit Management…
Finance technology is changing all the time. Trends come and go. But the underlying goals of finance teams don't change much at all. The top goals of teams that manage the invoice‑to‑cash process remains the same -- to improve payment…
Fully integrated, automated payments! A dream goal for many CFOs and controllers. Imagine how much more mission-critical work finance staffers could dig into? Here's a reality check: If you're still in the process of transitioning from manual to automated processes,…
The Small Business Administration (SBA) is launching a line of credit program that gives small businesses up-front access to capital and more room to borrow. Biz owners can use all the help they can get as more banks are tightening…
Let's be real: The enthusiasm behind real-time (or instant) payments stems almost entirely from the seller's side of B2B. After all, whether we're talking about a mom-and-pop vendor or a multinational corporation, who doesn't prefer getting paid sooner rather than…
Collections teams are under added pressure to keep after delinquent accounts and press for payments, even if only partial ones. Waiting too long will lower the odds of seeing a dime from a cash-strapped debtor. Despite positive economic signs popping…
Companies are likely to see more customers stretch payments in 2024. Don't be surprised if a steady client ghosts you either. Reason: Bankruptcy filings by individuals and businesses increased by more than 18% in 2023. And Chapter 11 reorganization filings…
Tight lending limits by the banks and high interest rates will continue putting a financial strain on companies in 2024. Customers will look to extend their credit limits with their suppliers and vendors to stay competitive. The majority of credit…
Year-end close is when many finance teams are vulnerable to burnout from a seemingly endless, high-priority to-do list of generating annual balance sheets, profit and loss statements and cash flow statements. So if your year-end closing is this quarter, or…
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.
