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China's policy shifts to targeting recovery in domestic demand  

Future CFO

At annual meetings of China's (A1 stable) top legislative and advisory bodies, policymakers set an economic growth target for 2023 of 5%, which Moody’s said is in line with its growth forecast. This will limit the increase in RLG debt risk in China and leverage risk for state-owned infrastructure companies, the firm added.

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Optimism in Asia: Firms expect demand surge in coming months

Future CFO

There’s a pinch of optimism in Asia despite global economic uncertainty. One illustration of this is a 6% overall drop in Asian businesses B2B trading on credit over the past year with variations in different markets, the trade credit insurer pointed out.

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Payment behaviours likely to deteriorate in 2023 

Future CFO

Day sales outstanding (DSO) and days inventories outstanding (DIO) equally contributed to the annual rise in WCR, increasing by +5 days to 59 and 50 days, respectively, while DPO modestly accelerated (+1 to 36 days). Pay me later, maybe. Both DSO and DPO should increase slightly (+5 combined) while DIO should decrease by about the same.

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Budget Preparation Process: Full Step Guide

Spreadym

Create a Revenue Forecast: Estimate your expected income sources, including salaries, sales revenue, investment income, grants, or any other sources of revenue. It's important to note that the budget planning process should be flexible and adaptive to changing economic conditions, industry trends, and internal developments.

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How New B2B Payment Models Tackle The Buyer-Supplier Conflict

PYMNTS

Buy now, pay later (BNPL) had a big year in the consumer payments world, particularly as shoppers flocked online and gained access to integrated BNPL offerings right at the point of sale. Further, when invoices do go unpaid, technology has the opportunity to support buyers' need to establish a payment plan, and suppliers' need to get paid.

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Online Lending To Small Business Increases 50 Percent Between 2015 And 2017

PYMNTS

based economic research firm. The report, entitled “The Economic Benefits of Online Lending to Small Businesses and the U.S. According to a statement from ETA, research shows “that, on average, for every $1 lent to small businesses, sales of small business borrowers increased by $2.31, creating $3.79 billion in 2017 from $2.6

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ID Verification, Insurance AI, Stimulus Funds Top This Week’s News

PYMNTS

Why AI’s Early Adopters Are Laser-Focused On Credit Risk And Payments. Much economic uncertainty exists in the world today, as many executives and banking managers know. These circumstances have illuminated what has been a longstanding central concern for lenders: determining and managing credit risk.