Author: Renee Tyack  

July 14, 2021

3 Keys to Cash Management

Cash Flow Management is crucial to the success of a business and yet, it is most often overlooked by the small business owner. Failure to manage cash flow can lead a company into compromising situations, unable to take advantage of growing demand, meet payroll, or survive seasonal cycles. Cash flow management is knowing the pattern […]

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June 17, 2021

3 keys to an effective collection effort

A successful collection effort is an important component of any business.  It plays a major role in the revenue cycle; not only do you have to close the sale and provide the product or service, but no transaction is complete until payment is collected.  The ability to collect in full and in a timely manner […]

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April 6, 2021

A conversation with Fred G. Parrish

This month, I had the pleasure of speaking directly with Fred G. Parrish, founder of The Profit Experts and co-author of The E-Myth Chief Financial Officer: Why Small Businesses Run Out of Money and What to Do About It with Michael E. Gerber. There are those of us who still hold tight to our copy of The E-Myth.  For me, it […]

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March 1, 2021

A quick look at trade finance

Trade finance is a catch all term, covering any form of financing in a trade transaction, both domestically and internationally. Common forms of trade finance: Supply chain finance (aka reverse factoring and payables financing) Factoring (invoice financing) Purchase order (PO) financing Letters of credit and guarantees Benefits to using a trade financier: Reduced risk – […]

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February 1, 2021

10 tips to speed up cash flow (from an accounts receivable (A/R) perspective)

​​​​​Timely collections begin with the sales team:  Communicating with your customer on payment terms during the sales process offers transparency and clarity and always results in more timely collections. Know your customer’s credit worthiness: Credit evaluations are essential when extending terms to your customers.  You can require payment in net 30, but if they aren’t going to pay […]

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January 1, 2021

10 Tips When Seeking Financing & 3 Steps To Take Right Now

Don’t wait: There are a lot of options available, so take the time to consider the various options, consider future implications, build relationships, and tighten up the numbers.  Have (and utilize) a business plan:  Whether you’re considering the SBA or private investors, if you want others to share your vision, make sure to demonstrate the […]

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November 5, 2020

A letter to our clients

To our clients and colleagues, Above all, it is my hope that this letter finds you well and looking towards the future.  2020 has presented many challenges.  I am grateful for each of you, our clients, colleagues, and team members.  We have all played a role in helping one another and moving forward together.   Thank […]

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July 23, 2020

WPO Conference

I’ve been a member of the Women President’s Organization since 2016.  During that time, the women in my chapter have helped me and our family business through challenging and exciting times.  I am grateful for their insight, their vision, their encouragement, and their friendship.  The 2020 WPO Annual Conference was scheduled to be in Canada […]

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April 29, 2020

WEBINAR: Factoring, access to cash, balanced cash flow, and improved invoice collection

Click here to watch the webinar Overview Factoring (invoice finance) provides better access to cash, balanced cash flow, improved invoice collection, and full credit and collections support to B2B (business-to-business) and B2G (business-to-government) companies nationwide.  Explore this option further in a live Q & A with two industry experts.   Join Renée Tyack (Capital Plus) […]

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