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Cyber security and your business risk

In Big Data, Invoices, Regulation by VendorMach

According to Allianz’s Risk Barometer 2017, Cyber Incidents is a top global business risk in the UK and Germany in 2016 while Business Interruption (related to supply chain risk and interdependencies) is the top business risk in the United States and France (with cyber incidents, the 2nd top issue in US and France) Cyber incidents such as attacks and breaches have grown in frequency. Breaches hit a new record in 2016, soaring to 1,093 and accounting for 37 million records, up from 780 incidents in 2015 per the Insurance Information Institute (III). According to a new report from the Institute, …

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Does Industry Matter When Collecting Payments?

In Big Data, Invoices by VendorMach

According to VendorMach data, yes industry matters when it comes to collecting receivables. VendorMach sorted through 13,000 UK private companies records with trade debtor receivables data in its database. After filtering for companies with revenue, excluding firms with 30 days payment or less (best practice) and further standardizing the industries, we were left with 1500 records to analyze and the top 10 B2B industries with a penchant for getting paid very late. Of the 1500 records, the median DSO (days sales outstanding – the number of days it takes to collect receivables) was used. To further provide context with the …

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Shorter Working Capital Cycles, a Win Win Solution

In AI, Big Data, Invoices, SMB by VendorMach

Businesses need a shorter working capital cycle to fund their day-to-day operations such as debts and expenses,  a major component of their liquidity. What is working capital? Working capital is the aggregate value of the current assets of a company, which can be continuously utilized to support the current operations. It  helps in understanding the liquidity position of an organization. Working capital is much more focused on short term – current asset and current liabilities. Ultimately,  positive working capital or cashflow ensures that a business has enough funds to support its operating expenses and short-term debts. Understanding Working Capital Cycle …

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Brexit and Trade Finance

In Cross border, Financing, Invoices, SMB by VendorMach

The pound hit 31 year lows against the US Dollar on Friday October 7 at $1.18/£. For exporters, good news in the short term. British Prime Minister Theresa May confirmed she will steer the country to a hard-Brexit, meaning opting out of the European single market to preserve immigration quotas. “While a weaker currency can give exporters a boost, those advantages can disappear when the slide is as fast and disorderly as sterling suffered last week, according to Nomura Holdings Inc.” Trade finance: Short to mid term solution Will trade finance offer a solution to fledging exporters as the currency sinks further? UK exporters looking …

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VendorMach meets with Professor Ed Altman at NYU Stern

In AI, Big Data, Invoices, Machine learning, SMB, Trust Score by VendorMach

VendorMach met with Professor Altman at NYU Stern to get insights on the widely used industry Z Score model while discussing approaches to the VendorMach Trust Score. While the Z score is designed for public companies, (and our focus is private companies (and SMB’s)), particularly interesting is that considering the era when it was built, it remains a relevant reference point to understand. The Z score looks mostly at company fundamentals (balance sheet, P&L, cash flow statement, income statement), stock prices and then assigns a value in an attempt to predict bankruptcy. Fortunately, there’s millions of historical and timely data …