Cash

Understanding the Implications of the Digital Dollar and Concerns Surrounding Transaction-Monitoring

In recent years, the concept of a digital dollar has gained traction in the United States. A digital dollar would be a digital version of the US dollar that could be used for transactions and payments, much like physical cash. While there are potential benefits to a digital dollar, there are also concerns surrounding transaction-monitoring and privacy.One of the primary benefits of a digital dollar is increased efficiency and convenience. Digital dollars could be used for transactions online and in-person, eliminating the need for physical cash and reducing the risk

Study Shows Increased Mobile Payment Efficiency Leads to Higher Satisfaction Among Small Businesses

Mobile payment technology has been gaining popularity in recent years, and for good reason. A recent study has shown that small businesses that use mobile payment technology are more efficient and satisfied with their payment processes.The study, conducted by Square and the National Small Business Association, surveyed over 1,000 small business owners across the United States. The results showed that small businesses that use mobile payment technology reported higher levels of satisfaction with their payment processes compared to those who do not use it.One of the main reasons for this

Efficient Strategies for Addressing the Silent Revenue Killer: Inefficient Collections Process

Inefficient collections processes can be a silent revenue killer for businesses. When customers fail to pay their bills on time, it can lead to cash flow problems and ultimately impact the bottom line. However, there are strategies that businesses can implement to address this issue and improve their collections process.1. Establish clear payment terms and policiesOne of the most effective ways to improve collections is to establish clear payment terms and policies. This includes setting due dates for invoices, outlining consequences for late payments, and providing multiple payment options. By

Sales Management Tools: Understanding Clawbacks and Tracking-to-Cash for Effective Implementation

Sales management is a critical aspect of any business that aims to achieve success. It involves various processes, including tracking sales, managing sales teams, and monitoring sales performance. To achieve this, businesses need to use sales management tools that help them track sales and manage their sales teams effectively. Two essential sales management tools are clawbacks and tracking-to-cash.Clawbacks refer to the process of recovering commissions or bonuses paid to salespeople if the sale they made is later canceled or returned. This tool is essential because it ensures that salespeople are

Construction of Dream Las Vegas Halted Due to Insufficient Developer Funds

The construction of the Dream Las Vegas, a $3.1 billion casino and resort project, has been halted due to insufficient developer funds. The project was expected to be a major addition to the Las Vegas Strip, but now faces an uncertain future.The Dream Las Vegas was being developed by a partnership between real estate firm Witkoff Group and New Valley LLC, a subsidiary of the publicly traded company Vector Group Ltd. The project was set to feature a 450-foot-tall tower with 1,500 hotel rooms, a casino, and a convention center.However,

Shift in Fundraising: Europe Tech Startups Double Debt Financing

In recent years, there has been a shift in fundraising strategies for European tech startups. While equity financing has traditionally been the go-to option for startups seeking funding, there has been a significant increase in the use of debt financing. According to a report by Dealroom, the amount of debt financing raised by European tech startups has more than doubled in the past five years, from €1.4 billion in 2015 to €3.2 billion in 2020.So, what is debt financing, and why are more startups turning to this option? Debt financing