All What is Articles - Page 7

Factoring Agreement: Definition & Common Terms

By Dennis Shirshikov on April 30, 2020 | Financing, What is | Comments (0)

Small business owners who apply with an invoice factoring company will receive a factoring agreement outlining their rates and terms. This agreement should outline the agreed-upon rates, terms, and conditions to be followed throughout the factoring relationship. Factoring agreements usually last from between one and three years, at which point they can be renegotiated with…

What Are Workers’ Comp Exemptions?

By Virginia Hamill on April 29, 2020 | Business Insurance, Insurance, What is | Comments (0)

Even though most states require employers to carry workers’ compensation insurance in case their employees get hurt on the job, many offer workers’ comp exemptions for a variety of workers like independent contractors. Knowing which employees are exempt and how to get an exemption can ultimately help you save on your workers’ compensation insurance. Each…

Top 13 VoIP Phone Features for Business

By Robert Watts on April 28, 2020 | Sales, Sales Tools, What is | Comments (0)

Leading voice-over internet-protocol (VoIP) systems include functionality beyond making and receiving calls. Automated attendants and video chat are just the start. There are also modules designed to streamline call management workflows, enhance collaboration, or improve the overall customer experience. This gives VoIP phone systems a major advantage over traditional landline systems. The VoIP features that…

Types of CRM Software: What They Are & Where to Find Them

By Lisa McGreevy on April 27, 2020 | Sales, Sales Tools, What is | Comments (0)

Customer relationship management (CRM) software is often differentiated by features built for specific jobs or departmental roles. The most popular CRMs focus on functionality for traditional salespeople, but there are several other types of CRM on the market. Many are designed with core functions that support analytics, team collaboration, and business operations in addition to…

What Is an Employee Assistance Program (EAP) & How Does It Work?

By Patrick Proctor on April 27, 2020 | HR Operations, Human Resources, What is | Comments (0)

An Employee Assistance Program (EAP) is a confidential workplace service that employers pay for and is free to employees. An EAP is commonly the most overlooked, yet valuable, benefits offered by organizations large and small. Counseling services provided by an EAP help employees manage life-stressors of all kinds. An EAP can help employees stay focused…

The Top 12 CRM Features & Functionality Small Businesses Need

By Lisa McGreevy on April 24, 2020 | Sales, Sales Tools, What is | Comments (0)

Customer relationship management (CRM) software offers a variety of tools to manage new leads, deals, and contacts. While most functionality is useful, only a handful are mission-critical. Here are the 12 CRM features that can mean the difference between your team closing the deal and losing it to a competitor. Important CRM Features & Functions…

What Non-recourse Factoring Is & How It Works

By Dennis Shirshikov on April 24, 2020 | Financing, What is | Comments (0)

Non-recourse factoring is a kind of factoring relationship where the business that sells its invoice isn’t held liable if its customer fails to pay. In non-recourse factoring, it is the factor that assumes this risk. This type of factoring is rarely offered to business owners unless the debtor is a government or major corporation that…

What Is Employer’s Liability Insurance?

By Virginia Hamill on April 24, 2020 | Business Insurance, Insurance, What is | Comments (0)

Employer’s liability insurance protects small business owners in lawsuits over work-related injuries that aren’t covered by workers’ compensation insurance. The coverage pays for the policyholder’s legal defense if an injured employee sues, covering costs like attorney’s bills and any judgments or settlements up to the policy limits. How Employer’s Liability Insurance Works In most states,…

What Is a Press Release & Examples

By Alana Rudder on April 24, 2020 | Marketing, Public Relations, What is | Comments (0)

A press release is an approximately 500-word, fact-based written description of a company’s newsworthy announcement. It is issued to earn media interest in publishing the story before targeted audiences. It should offer an angle that’s of interest to target audiences, resources for journalists to tell a complete story, and a call-to-action to help companies meet…

3 Best Retail Factoring Companies & When to Use Them

By Dennis Shirshikov on April 23, 2020 | Financing, What is | Comments (0)

Retail companies sometimes encounter scenarios when orders outpace revenues, and they experience a cash-flow gap. In such cases, retailers need to obtain the right type of financing, and for large orders, there is no better solution than retail invoice factoring. Retail invoice factoring is the process of converting unpaid invoices from customers into cash at…

Investment Property Line of Credit: The Ultimate Guide

By Melanie Patterson on April 22, 2020 | Real Estate Financing, Real Estate Investing, What is | Comments (6)

An investment property line of credit (LOC) is a short-term financing option for properties on which the owner does not live or work. It’s similar to a home equity line of credit (HELOC), only the lien is placed on investment property, not someone’s primary residence. Investors who get a LOC draw cash from the available…