Cash flow is the lifeblood of a business. A steady inflow of cash is absolutely necessary to support the operation of a company. Even if you are anticipating large sums of profit by next year, without enough inflow of cash, it may turn out to be quite difficult to cover […]
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Five Sources of Funding for Small Businesses
Banks do not want to risk lending money to small businesses, so the owners have to find alternative means of financing. are Equity or Debt financing, Small Business loans, or Factoring. Additional ways of acquiring funds could be getting money via online investors or applying for a business line of credit. […]
Smart Ways You Can Gain A Competitive Advantage
Many businesses face heavy competition. In order to succeed, you need to find a way to gain an advantage. If you can operate more efficiently or ramp up your marketing efforts, you may be able to outperform the competition. Use these tips to succeed in a crowded marketplace. Integrate your […]
Small Business Tips for Seamless Invoice Management
When a customer owes you money, it can really tie things up. After all, it cost you money to produce the quality products and/or services your customer wants. So to have them break a contract and prolong repayment is not only an inconvenience, it's downright annoying. While you can't always […]
How You Can Get Control of Your Personal Finance through Debt Relief Strategies?
There is nothing wrong in seeking loan for a good cause. But, the situation deteriorates when a person fails to repay off the amount due to unprecedented incidents like losing of job, etc. But, anyhow, you have to make your repayments because you will be dragged into legal procedures by […]
How Can Optimizing Accounts Payable Functions Free Up Cash Flow?
Cash flow is vital to all businesses ranging from small businesses to enterprise organizations, government agencies, and nonprofits. Having cash on — on an ongoing basis — hand brings with it security, stability, more buying power, flexibility, and the ability to grow. However, despite robust sales, it’s not unusual for […]
Why Is Managing Business Cash Flow Important?
There are so many things that we can say in order to help you make sure that 2015 will be a great year for your company. The problem is that we are faced with so many different things that can be done that it will be difficult to talk about […]
Usage and Benefits of Electronic Invoicing
A paperless office has long been the dream of innovative, forward thinking credit professionals. While it is not yet a reality, certain innovations are bringing this dream closer. Imaging and workflow technology were the first giant steps forward. Lately, there has been another innovation that could bring a paperless office […]
Strategies for Success and Business Profitability During Tough Times
Many of the strategies that were appropriate and effective in the past are no longer above reproach. In fact, we have learned over the years that the global marketplace is a dynamic place, full of turmoil; therefore, rethinking of past assumptions and engaging in out-of-the-box thinking is always required. Organizations […]
Benefits of Electronic Invoicing
Innovative credit professionals always dream that one day the world will wake up to paperless offices where everything is done electronically. Although this vision is still far from being a reality, the current innovations are progressively bringing it closer. The first major steps forward were workflow and imaging technology. However, […]
What is Ratio Analysis
It is recommended that trend analysis be used when evaluating the balance sheet, income statement, statement of cash flows, and ratios. Ideally, five years' worth of data should be used. Trend analysis is the comparing of key ratios from each year against industry norms to pinpoint movement toward improvement or decline in […]
How to Get Quick Money for Your Business
When you started out, it was just you in the spare bedroom and a handful of clients. Tracking your business and keeping up with the details was easy. Then you got successful and you found out that running a successful business is both exciting and something that you can't do […]