Archive for March 2021

Outsourced Accounts Receivable Management Solutions

Tuesday, March 9th, 2021 receivables management services

Outsourcing doesn’t absolve businesses from ensuring strong internal controls. Regardless of outsourcing, an organization needs to maintain an effective system of internal controls, monitoring, and audit trails. They must have safeguards in place to prevent fraud and errors, ensure accuracy and completeness of financial statements, and comply with laws and regulations. “Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. BofA Securities, Inc. is a registered futures commission merchant with the CFTC and a member of the NFA.

Guidelines for Outsourcing Receivable Management Services

Altus is a B2B debt collection agency with the resources and skills it takes to handle any complex case. We exited our factoring contract in 2008 and utilized Axim’s AR and Credit Management services as opposed to taking the process in-house. This move resulted in immediate and significant cost savings for us and the results are unparalleled. Our receivables have never been in better condition and Axim’s experience analyzing credit challenged customers has kept us well within our bad debt budget.

receivables management services

The Impacts and Benefits of AR Management

This role helps the company’s money flow smoothly to stabilize any business. Third-Party Management involves hiring an outside company to handle your account receivable services. They take care of collecting money owed to you, so you can focus on other parts of your business. Receivable management services help businesses collect money they’re owed.

How InvoiceSherpa Can Help You Save Time and Stress by Collecting Debts Faster

ConServe is a top performing accounts receivable management company with the numbers to prove it. Our passion for ethics, compliance and Client satisfaction is The ConServe Advantage®. Why is it important for businesses to keep track of their incoming payments? Your accounting software should provide an ageing schedule for accounts receivable, which groups your receivables based on when the invoice was issued. You should monitor this report and implement a collections process to email and possibly call clients to ask for payment. Outsourcing accounts receivable management allows you to focus on other aspects of your business.

receivables management services

This process can help your staff avoid wasting time with attempting to collect long-overdue payments. While outsourcing your AR process to an accounts receivable management variable and fixed cost in accounting company is certainly a superior approach to handling it in-house, it’s not without its pitfalls. Outsourcing can be costly and comes with a myriad of other stressors.


If the payment is not received by the due date, the service will commence collection efforts. The collection process may involve sending reminders, negotiating payment plans, and taking legal action when necessary. The effective implementation of these services plays a crucial role in the financial health of a business. It impacts not just the cash flow, but also the nurturing of client relationships which ultimately has a direct correlation with the growth of the business.

If this occurs, your accounting team must dedicate time to chasing payments and make phone calls. That’s why so many businesses outsource the collection process to a debt collector. The process of receivable management involves managing the complete revenue of a company while acting as a service touch point for customers. It includes various processes such as billing, invoicing, payment processing, communication with clients, internal communications, collections, and setting up credit policies. All these components when structured and managed well can prove beneficial to the business.

We invite you to contact us for information about payment plans, settlements, and other options for resolving balances. Whether you need first-party commercial collections, third-party commercial collections, or legal forwarding services, you can contact us at Altus for more information about our services. We’re here to help you figure out how to charge for landscaping services in this guide. Your best bet to find out what it’s like working with a service provider is to get in touch with existing clients. This will give you a clearer picture of the provider’s effectiveness, professionalism, and customer service quality. Ideally, you’d find a service provider through a recommendation/referral from someone you trust.

GoCardless helps you automate payment collection, cutting down on the amount of admin your team needs to deal with when chasing invoices. Find out how GoCardless can help you with ad hoc payments or recurring payments. Accounts receivable balances that will not be collected in cash should be reclassified to bad debt expense. Offer your clients a discount (1% to 2%), if they pay within 10 days. You’ll lose some revenue with these payment terms, but you’ll collect some cash faster.

This manager also keeps an eye on the accounts to spot any issues early. If a customer is late paying, they figure out why and work to solve the problem. This helps the company know how much money it can expect to come in. Cash flow is the lifeblood of a company, while unpaid invoices and late payments are the bane of small businesses throughout the world. That’s why receivable management services can be so crucial for the proper functioning of your business. Find out everything you need to know about receivable management services with our definitive guide.

It’s also necessary to acknowledge the significance of establishing stringent internal controls, transparency, robust audit trails, and sound security measures, even when outsourcing. Each of these critical elements serves as essential safeguards for the business’s interests. Our team of credit experts use custom credit scorecards to accurately assess trade credit risk and provide recommendations on credit limits and terms for each customer. Scorecards are tailored to your company’s willingness to take risks, resulting in optimal pricing and credit terms. You should pay your bills on time to avoid problems with RMS and your credit score. This makes it harder for you to borrow money or get good rates in the future.

Transparency can sometimes be compromised and can disrupt the fostering of strong customer relationships. Our SMART Accounts Receivable platform integrates with the majority of ERP providers. At TCD, we cater to clients across numerous vertical markets, serving organizations of all sizes—from global enterprises to mid-market businesses.

Moving operations such as AR management to an external provider involves meticulous planning and attention to detail. One of the first things to decide is whether to outsource the entire customer base or just a portion of it. The growth of the AR outsourcing market signifies a shift in business operations, and to leverage these changes, understanding the outsourced AR process is indispensable.

  1. You can use a number of strategies to increase cash collections and reduce your receivable balance.
  2. This ensures strong cash flow and can strengthen your customer relationships.
  3. For example, a customer may owe AR if they purchase a product from a vendor via a payment plan or business credit.
  4. Moreover, If RMS contacts you about a debt, it’s important to deal with it right away.

They work to solve the problem fairly, making sure both sides are happy. Accept and manage credit, debit and ACH payments, and convert paper to electronic payments. Firms that are typically paid over a period of months will have a larger amount of receivables in the 60-day category. This is another report that should be compared to industry averages.

These metrics and reports serve as a vital factor that ensures the success of the managing process. To recognise an expense before cash is paid, businesses increase the accounts payable balance. In a similar—albeit exact opposite—way, firms increase accounts receivable when revenue is earned before cash is received.

Just2Trade Review A decent multi-asset broker with the widest range of assets

Thursday, March 4th, 2021

is just2trade safe

Our website provides detailed reviews and ratings on trading brands. Alternatively, you can head to forums and sites like Trustpilot for other user reviews. Each profile on Novoadvisor shows full transparency so investors can decide whether a strategy fits their personal needs and expectations. While using Just2Trade, our team were impressed with the breadth of trading tools and extra services. Just2Trade is licensed by NFA, FINRA, Bank of Russia, and is a CySEC regulated broker-dealer. CySEC regulation is quite rigorous, requiring segregated funds, KYC checks, and financial compensation schemes.

Trading platforms of Just2Trade reviewed

is just2trade safe

This can be a great way to see if they will meet your specific needs. I think they can be a good choice for anyone who is looking for convenient trading in a regulated environment. In our review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms. The in-house platforms include the Just2Trade+, Just2Trade pro, the commission-free Just2Trade Lite, and Just2Trade mobile apps. Some of their shared features include real-time access to the US exchange markets, access to real-time quotes, customizable interfaces, and the fact that they host several technical indicators.

is just2trade safe

biggest waste of time making that

The directive contains measures for the organisation and functioning of investment firms, facilitating cross border trading, while creating strategic opportunities. Just2Trade’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads. Just2Trade doesn’t charge withdrawal fees, prioritizing smooth and straightforward financial transactions.

Is it risky to trade commodities through Just2Trade?

If you need to locate a hard-to-borrow stock, Just2Trade will try to find it for you over the phone. The broker does not accept short orders for stocks priced under $3. Besides just2trade broker review the default routing option, Just2Trade + offers Nasdaq and Arca venues. Traders who need more options than these can use Sterling Trader Pro, which offers many more.

How to pick the best crypto exchange for yourself?

  1. Some Just2Trade alternative trading platforms are notorious for providing slow customer after many days of e-mails.
  2. FINAM Bank and China UnionPay are free, but only ECN accounts are able to use credit cards free of charge.
  3. The firm doesn’t accept deposits in cryptocurrencies, such as Bitcoin and Ethereum.
  4. You can use utility bills or bank statements as proof of residency and a government-issued ID card, passport, or driving license as proof of identity.

The trading apps are ideal for me to take the markets with me in my pocket and get price alert notifications. Just2Trade is one of the few brokers that can offer access to trading a wide range of asset classes, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. The broker also provides a range of trading platforms including MetaTrader 4, MetaTrader 5, CQG, J2TX, and Sterling Trader Pro. Just2Trade is a competitive broker that is regulated by a reputable body and offers an impressive range of assets that includes cryptos, options, CFDs and equities.

If you leave your account unused over a long period, Just2Trade will charge an inactivity fee. So, you want to keep your account active and engaged to avoid withdrawal restrictions. Our watch lists and alert signals are great for your trading education and learning experience. Just2Trade is a regulated broker in the EU by the (CySEC) Cyprus Securities and Exchange Commission.

is just2trade safe

There is currently an MT5 Global special promotion on Just2Trade that offers discounted commissions on futures from £0.50 per contract (compared to the standard $1.50 per contract). We were pleased to see that the company’s online website is owned by LimeTrading (CY) Ltd, which is regulated by the reputable Cyprus Securities and Exchange Commission (CySEC). This means that the level of oversight and supervision on this brokerage is likely to be greater than that of an offshore and unregulated firm. Just2Trade also offers the opportunity to purchase crypto with a credit or debit card (or a bank transfer), has a great trading interface that is both intuitive and simple to use, and is also very secure, too.

They are an international broker who I found to have very competitive trading conditions and fees. You can get direct access to a huge range of markets with low commissions, instant execution and maximum liquidity. I like how they take an individual approach to each client regardless of your investment size and have 24/7 support. There is an abundance of high-quality research that covers all financial markets and instruments which can help to inspire trade ideas. It is quick and easy to get started with an account from just $100. Alternatively, you can open a free demo account if you prefer to get a feel for what the broker has to offer.

Seize this distinctive opportunity to invest in company shares at the offering price, securing your stake before they commence trading on the exchange. This is your chance to be part of a company’s growth story from its nascent stage in the public market. Embrace the future of investment with our cutting-edge Robo-advisor, designed to usher you into a new age of investing using state-of-the-art technologies. This globally acclaimed service stands as a beacon of efficiency, guiding users towards the pinnacle of financial well-being and prosperity. Discover the convenience and capabilities of modern trading systems and experience trading with a reliable European broker. Join the ranks of over 155,000 customers who have already chosen Just2Trade’s services.

Just2Trade has a number of high-level security features that prevent unauthorised access to the user’s positive balance holdings. Just2Trade comes equipped with built-in DDoS protection as well as standardisation protocols for addressing issues related to large-scale Just2Trade network outages or Just2Trade cyberattacks. The US brokerage employs a market maker straight-through processing (STP) broker model. It supports the trade of mutual funds, stocks and bonds, ETFs, futures and futures options. On its website, claims to have integrated modern technologies into its wide range of brokerage services to bring about a low priced as well as “fresh and native” trading experience.

Withdrawals typically take 2-3 business days, though Skrill andPayPal may process within the same day, and credit card withdrawals can postwithin 5-10 minutes. LightspeedTrader – Lightspeed Trader is designed forprofessional traders who prioritize real-time market data, low latencyexecution, and advanced order types. The global social network, WhoTrades, allows traders to construct a personalized feed and discuss ideas, companies/securities, news, and strategies of interest. The service is also accessible to all, not just Just2Trade clients. All deposits are free with the MT5 Global and Standard accounts, except Alph-bank which charges a 2.5% commission.

You are able to set a specific price in Just2Trade at which an asset will be purchased by using the Just2Trade order limits trading feature. Trading forex on Just2Trade requires you to digest massive swaths of data before you can even think about making a live buy or sell Forex pair order. Using Just2Trade technical analysis charting tools you should be able to access all of the necessary information in a single Just2Trade location. Numerous online trading platforms like Just2Trade give you access to both fundamental and technical information in order to assist you in making more informed Forex trading choices. Just2Trade gives users the opportunity to trade and invest in a wide variety of digital currencies.

Lime Trading (CY) Ltd – the owner of Just2Trade – is regulated by CySEC and subject to oversight from the European Securities and Markets Authority (ESMA). The company is also a member of the Investor Compensation Fund (ICF), which provides compensation to eligible clients if the firm is unable to meet its obligations. While using Just2Trade, we noted that some withdrawal methods are only available if you deposited using this method and/or are using the same card. Deposit times are instant apart from bank transfers, which typically take 2-3 business days.

Automated clearing houses deposits are free and so are withdrawals. The daily deposit limit is set at $100,000 and withdrawals capped at $25,000. These amounts can take up to 7 business days to reflect in your Just2Trade account and can only be withdrawn via ACH 10 days after the date of deposit or 60 days via check or bank transfer. In this broker US review, we will be vetting the truthfulness of these claims, analyze the brokerage products and detail the nature of its services. This should help you form an opinion on the reliability of the online broker and aid your decision on whether to trust them with your cash. Just2Trade is a discount brokerage founded in 2007 and headquartered in Limassol, Cyprus.

The Just2Trade trading account has amazing features as compared to their competitors and their uniqueness lies in the fact that they do provide every possible facility to their clients. After logging in, you can access the demo account to get an overall idea of the actual trading account. Know everything about the live trading account, MT5 trading account, demo account and Forex ECN account, and more to choose the most suitable one for you. A deep understanding of the type of trading accounts is the first step towards entering the Forex market. Derivatives on the per-trade plan cost 50¢ each plus the $2.50 base. After 100,000 contracts in a month, the broker charges just 50¢ per option.

While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

It’s very quick, super-beginner-friendly, and you can also expect the crypto coins to reach your wallet in minutes. & are websites under Medmonx Enterprises Private Limited. We are certified stock broker review & comparison website working with multiple partners. For the Forex ECN account, the minimum opening balance required is $200. Just2Trade account is available for all, including U.S Citizens, U.S Residents, and foreign citizens.

It comes with a customizable interface, access to US exchanges, delayed market depth data, real-time news, and detailed stock information. Just2Trade+ allows you to review all your orders and shows your current portfolio and market performance. Traders can access a decent range of 60+ major, minor and exotic forex pairs through standard and ECN accounts with tight spreads from 0.5 and 0.0, respectively. Execution speeds are also faster than most competitors at 50ms, which will appeal to active forex day traders. Geographic restrictions apply, and the deposit and withdrawal screen will only list the ones available to traders.