Abrigo
MARCH 31, 2025
This article covers these key topics: The importance of well-crafted credit memos Effective credit memos are clear Concise credit memos speed decisions Focus on providing relevant repayment and credit risk info Best practices for writing a credit memo Done right, a credit memo supports sound credit decisions and tells a clear, fact-based story that stands up to scrutiny months or years later.
Chaser
MARCH 27, 2025
Manual processes at small and mid-sized businesses (SMBs) are costing $600 billion globally. Administrative financial tasks like accounting, payroll, invoice processing and more take up a significant portion of time for already-stretched SMBs (PYMNTS). As SMBs navigate an increasingly complex financial landscape in 2025, efficiency isn't just desirableit's essential.
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Your Virtual Credit Manager
MARCH 25, 2025
In order to manage the risk of extending trade credit, vendors need to collect information on their business customers. What they do with that information after making a credit decision is not a trivial matter. When those records were paper-based, the primary concern was access control. Now that digitalized records are the norm, customer privacy can be more easily breached by both internal and external bad actors.
RMAi Blog
MARCH 11, 2025
The Court of Appeals of Wisconsin, District I, recently held that the National Bank Act does not preempt the Wisconsin Consumer Acts requirement to send a notice of right to cure to a borrower in default prior to filing a collection action. Bank of America., N.A. v. Riffard , No. 2023AP125, 2025 Wisc. App. LEXIS 157 (Feb. 18, 2025). BACKGROUND A Wisconsin borrower defaulted on two credit card accounts issued by a national bank.
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
TreviPay
MARCH 18, 2025
UATP Announces Launch of Latest Issuer, TreviPay New Solution to Offer Customizable, Global Support Tailored to Local Market Needs Washington, DC, 18 March 2025 UATP , the global network that enables organizations to simplify payment processes and expand their payment capabilities, announced today the launch of its newest Issuer, TreviPay , designed to provide fully outsourced issuing capabilities for intermediaries and airlines globally.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
RMAi Blog
MARCH 11, 2025
Since June of 2019, Andrew Roskam has owned and operated his own regional debt buying company and related collection agency, Acctcorp International, Inc./Accounts Receivable, Inc. The Vancouver Business Journal recently recognized him as part of the 2024 Class of Accomplished and Under 40. Accomplished & Under 40 program recognizes our young leaders who inspire while providing an example of what it means to not only care about our community, but to actually go about helping the community be
Abrigo
MARCH 27, 2025
Document and be able to defend qualitative factors under CECL Financial institutions need to be able to explain and show how they developed Q factors for their allowance for credit losses. Modifications to the CECL calculation should be reasonable, supportable, and audit-ready. Key topics covered in this post: What are qualitative factors under CECL?
CreditStrong for Business
MARCH 11, 2025
The sudden return of student loan payments may aversely affect your credit score in a number of ways. If youve been relying on credit cards or loans to make ends meet, you may see your credit utilization rate rise, which will bring your score down. And if youre dealing with missed payments or higher-than-usual debt, your credit score may take a major hit.
Due
MARCH 25, 2025
Uncertainty will always exist but if you are prepared, you will not be fearful. You got this. Medical emergencies and other financial priorities can loom large on your horizon, and lowering your financial defense isnt the wisest of choices. Having an emergency fund serves more than a financial cushion. Instead, this cushion is a lifeline to uphold financial resilience when the unexpected happens.
Gaviti
MARCH 24, 2025
In today’s competitive landscape, B2B customer retention has become a critical focus for businesses aiming for sustainable growth. Companies often overlook the roles that finance teams play in the customer relationship equation. When customers have a good relationship with the people who serve them of which finance is one of them, it fosters customer loyalty and minimizes churn.
blue dot counseling
MARCH 22, 2025
Late payment is a problem for too many businesses. But if you’re a QuickBooks user there are tools in the product that can help you get paid quicker. But before we look at QB, here are two things you could do immediately to speed up payments in the future: Why credit control matters for your […] The post How to use QuickBooks to get paid quicker appeared first on Blue Dot Consulting.
Abrigo
MARCH 21, 2025
This article covers these key topics: Updates to CRA compliance requirements CRA compliance by bank size: W hats required ? How data analytics can simplify CRA compliance Complying with enhanced CRA data requirements Most banks recognize that their enterprises can only thrive if their customers do , too. Partnering with local organizations to promote the health of their economic communities is often a top priority for banks.
Accounting Department
MARCH 18, 2025
In todays fast-paced business environment, efficient inventory management is critical to success. Many businesses struggle with outdated systems, inaccurate stock levels, and disconnected financial processes.
Due
MARCH 25, 2025
Apples streaming service is reportedly losing about $1 billion a year due to intense competition. Additionally, customers are becoming increasingly more picky when it comes to streaming services, contributing more to this huge loss. Apple losing $1 Billion on Streaming Services In previous years Apple would spend about $5 billion increasing the amount of content it would produce.
GoCardless
MARCH 17, 2025
Customers to gain more flexibility through open banking payments
Biz2X
MARCH 24, 2025
Reading Time: 4 minutes Challenges in the business landscape and the current economic outlook are fueling demand for small business lending. Banks and financial institutions are in a unique position to meet that demand but dont always have the infrastructure to meet a borrowers needs. Because of that, banks are missing out on opportunities, while lenders utilizing financial technology are providing a solution to business owners problems.
Credit Tools
MARCH 25, 2025
Optimize the use and management of your credit insurance policy with your My DSO Manager credit management and collections software. How does digitalization increase efficiency?
Accounting Department
MARCH 13, 2025
In the constantly changing world of business, a single approach seldom suits everyone. This is especially applicable to financial management. Whether you're an emerging startup or a well-established company, maintaining a strong understanding of your finances is essential.
TMC Financing
MARCH 28, 2025
As small businesses navigate an ever-evolving economic landscape, business owners remain focused on growth, resilience, and strategic planning for the future. To gain insight into their expectations for 2025, TMC. The post 2025 Small Business Outlook appeared first on TMC Financing.
Chaser
MARCH 28, 2025
In the realm of business transactions, accounts receivable (AR) play a pivotal role in maintaining financial health. However, when invoices remain unpaid for extended periods, it can lead to cash flow disruptions and impede a company's ability to operate smoothly.
GoCardless
MARCH 26, 2025
Tired of chasing payments and lengthy spreadsheets? Join our panel of accounting and business leaders as they reveal the easy switches to automate payments and achieve stress-free collections.
blue dot counseling
MARCH 24, 2025
The best of both worlds the senior financial input you need but without a full-time cost. The post Why your business DOES need a Finance Director / CFO just not Full-Time appeared first on Blue Dot Consulting.
Accounting Department
MARCH 12, 2025
When it comes to managing a companys finances, businesses often rely on a combination of bookkeepers, controllers, and CFOs to maintain financial health and make strategic decisions.
TMC Financing
MARCH 25, 2025
When Cameron Chandler mowed lawns in high school, it was to support his participation in team sports and not because he envisioned founding one of Phoenix, AZs, leading commercial-landscaping. The post GPM Landscape, Inc.: Achieving Property Ownership with the SBA 504 Program appeared first on TMC Financing.
Chaser
MARCH 28, 2025
An accounts receivable aging (AR) schedule is a critical tool for businesses to manage their unpaid invoices and track the time it takes customers to pay.
Biz2X
MARCH 18, 2025
Reading Time: 4 minutes Data-driven strategies have become integral for small business lending, particularly within digital commercial lending. Big data is at the forefront of everything from risk mitigation to predicting consumer behavior, facilitating regulatory compliance, and optimizing the underwriting process by lowering default rates through more accurate credit assessments.
blue dot counseling
MARCH 24, 2025
The best of both worlds the senior financial input you need but without a full-time cost. The post Why your business DOES need a Finance Director / CFO just not Full-Time appeared first on Blue Dot Consulting.
Credit Tools
MARCH 20, 2025
In this fifth episode, Scarlett Favre-Verand discusses the growing impact of technology in the field of credit management. With the rise of digitalization, modern technological tools make it possible.
Eagle Business Credit
MARCH 18, 2025
Understanding The Impact of Import Tariffs on Your Business: How they could impact your cash flow In today’s volatile trade environment, small business owners face increasing uncertainty surrounding the implementation of import tariffs on goods from overseas. With frequent policy shifts, unclear timelines, and varying tariff rates across different product categories, importing overseas goods has become increasingly difficult.
Chaser
MARCH 24, 2025
The average collection period (ACP) is a key metric used to measure the efficiency of a company's credit and collection process. It represents the average number of days it takes for a company to collect its accounts receivable from the date of sale. This article will explore the ACP formula, its significance, and how to use an ACP calculator to gain insights into your company's cash flow management.
Biz2X
MARCH 11, 2025
Reading Time: 3 minutes It wasnt long ago that small and medium-sized businesses (SMBs) had to go to a bank to obtain a loan or line of credit. With embedded finance, that has quickly changed. Business owners can access financing directly through platforms theyre already using, like payment processors or accounting software, transforming the lending experience for SMBs.
Due
MARCH 11, 2025
To maintain financial stability, it is essential to manage money wisely. However, professional financial advice can be very costly. The good news is that many resources are available for free or even cheap financial advice. Whether you need help with budgeting, investing, managing debt, or planning for retirement , these are some of the best places to turn.
Credit Tools
MARCH 17, 2025
Check out our tutorial on payment plans, which are a particularly useful tool for debt collection in the event of a buyer experiencing financial difficulties. Under what conditions should one be.
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