RMAi Blog

DECEMBER 16, 2024

With new laws and regulations often passed at the federal, state, and local levels, the receivables management industry is ever-changing. For organizations like National Credit Adjusters , we spend quite a lot of time supporting RMAI, who is working with local policymakers and stakeholders on approaching fair and safe regulatory change , instead of embracing change for the sake of change.

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Collector 130

Abrigo

DECEMBER 20, 2024

This article covers these key topics: How interest rates are shaping 2025 priorities Rate effects on economy, credit risk, allowances Banks and credit unions look to grow deposits A focus on efficiency and lower expenses Top priorities for managing portfolio risk, assets, and liabilities at banks & credit unio ns Abrigo's Advisory Services team and financial institution clients shared their expectations of key focus areas related to credit portfolio risk, ALM, and other topics.

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RevCycle

DECEMBER 19, 2024

As healthcare providers navigate the evolving landscape of medical collections, staying informed about emerging trends and potential regulatory changes is crucial. In 2025, a strategic approach to collections, leveraging technology and focusing on patient relationships, will be essential for having efficient, quality and performance improvement in your revenue cycle management.

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Cybersecurity Debt Collections High-Risk Accounts 154

Credit Management Group UK

DECEMBER 16, 2024

2025 could be the year for your business to improve and grow, however this relies heavily on how effectively your commercial credit management runs. Therefore, at CMG UK, we have compiled a list of New Years resolutions for your to carry forward into 2025 for the benefit of your business. Improving your commercial credit management in 2025 1. Start as you mean to go on Put a detailed strategy in place for your commercial credit management before Christmas so you can hit the ground running when y

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Credit Management Credit and Collections Order to Cash Credit Risk 66

Accounting Department

DECEMBER 18, 2024

We're happy to announce that AccountingDepartment.com is gearing up for its 11th Vistage ChairWorld event in January! As a proud National Sponsor for the last 11 years, this event holds a special place in our hearts, and we can't wait to reconnect with familiar faces and forge new connections in 2025.

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Chaser

DECEMBER 18, 2024

This October, the Chaser team gathered in Serbia for an offsite to reflect on the companys 10-year milestone and celebrate as a team. The event blended strategy, team bonding, and celebrations, all underpinned by Chasers core values: Care, Courage, Candor, and Celebration.

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Gaviti

DECEMBER 18, 2024

The financial industry is experiencing a technological transformation that is reshaping accounts receivable management. Financial and A/R teams are increasingly adopting automation, autonomous finance, machine learning, and artificial intelligence (AI) to enhance their workflows. These advanced technologies are now seamlessly integrated into accounts receivable reporting software, playing a crucial role in optimizing A/R processes, boosting efficiency, and improving overall cash flow for busines

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Collection Effectiveness Index DSO Credit and Collections Invoice to Cash 52

Due

DECEMBER 16, 2024

After an investigation, federal authorities have closed an illegal information market and auction site, Rydox. In addition to closing the site, several administrators operating and selling personal data have been charged. Ardit Kutleshi, 26, and Jetmir Kutleshi, 28, are currently under an extradition order from Kosovo. It is alleged that since the creation of the site in 2016, over $230,000 profit has been made by the men, and there have been 7,600 sales of personally identifiable information (P

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Plooto

DECEMBER 17, 2024

When you scan the latest headlines, it can be challenging to find optimism on the horizon. But thats not the whole story especially when it comes for expectations around the economy.

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Chaser

DECEMBER 20, 2024

To ensure better service to users and a deeper understanding of the challenges faced by credit control professionals, the Chaser team undertook a series of comprehensive training programs with the Chartered Institute of Credit Management (CICM) in 2024. These sessions aimed to enhance Chaser's ability to empathize with credit control professionals, refine internal processes, and shape the product roadmap in alignment with the evolving needs of accounts receivable teams.

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Credit Management 64

FundThrough

DECEMBER 19, 2024

Ken Miller founded Liquid Gold Trucking, an oilfield water hauler in the Williston Basin, in 2017. Fast forward to 2023: the business had experienced modest growth, but was slow at the time. After winning a large new contract with long payment terms, he needed cash flow to make payroll and fund further growth. Because we […] The post Liquid Gold Trucking: Fueling 30% Growth in 18 Months With Early Invoice Payments appeared first on FundThrough.

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Emagia

DECEMBER 18, 2024

Managing cash flow effectively is crucial for suppliers operating within Walmart’s extensive supply chain. A key metric in this context is Days Sales Outstanding (DSO), which measures the average number of days it takes a company to collect payment after a sale. For Walmart suppliers, optimizing DSO is essential to maintain liquidity and operational efficiency.

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CreditStrong for Business

DECEMBER 20, 2024

There are countless credit account types on the market today. While none of them can solve your every financing need, a revolving line of credit can come pretty close. Theyre among the most flexible type of funding for businesses and individuals alike. Heres what you should know about them, including what they are, how the different variations work, and how they affect your credit.

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Lendio

DECEMBER 20, 2024

December 20, 2024, Lehi, UT — WareSpace, a leader in warehousing for small businesses, and Lendio, a premier small business lending platform, have announced a strategic partnership that will allow WareSpace to offer small business financing as part of its suite of solutions for Small Business customers. With a commitment to empowering small businesses, WareSpace offers industrial infrastructure through its network of micro-industrial spaces, supporting growth and scalability for small busi

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Small Businesses 52

Chaser

DECEMBER 18, 2024

Everything you should know about accounts receivable insurance: Learn what it is, how it works, what it includes, and the average cost range.

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FundThrough

DECEMBER 19, 2024

Ken Miller founded Liquid Gold Trucking, an oilfield water hauler in the Williston Basin, in 2017. Fast forward to 2023: the business had experienced modest growth, but was slow at the time. After winning a large new contract with long payment terms, he needed cash flow to make payroll and fund further growth. Because we […] The post Liquid Gold Trucking: Fueling 30% Growth in 18 Months With Early Invoice Payments appeared first on FundThrough.

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Emagia

DECEMBER 18, 2024

Depreciation is a fundamental accounting concept that allocates the cost of tangible assets over their useful lives. Properly recording depreciation through journal entries ensures accurate financial statements and compliance with accounting standards. This comprehensive guide delves into the intricacies of journal entries on depreciation, providing detailed insights and practical examples.

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Deductions Order to Cash 40

Accounting Department

DECEMBER 16, 2024

When you have a small or mid-size business, one of the issues you can run into is not having all the departments a larger company would have. In other words, you might not have dedicated employees for HR, accounting, and other areas. Fortunately, there are ways to outsource a number of services, including client accounting services. This helps keep your company growing and succeeding, without the need to bring on more employees or overwork yourself to get everything done.

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RMAi Blog

DECEMBER 19, 2024

The annual business meeting of the Receivables Management Association International will be held at RMAIs Annual Conference on Tuesday, February 11, 2025 at 4:10pm at the Aria Resort & Casino in Las Vegas, Nevada. Please join the business meeting to hear reports from the Executive Director, President, and Treasurer. The minutes from the 2024 business meeting will also be approved.

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Your Virtual Credit Manager

DECEMBER 17, 2024

Collections can be a delicate matter. While you don’t want to offend a moderately slow paying customer that buys a lot of product, you may nevertheless have an urgent need to get your money sooner (when due) rather than at a later date. Likewise, having Fortune 500 customers can be a boon, as long as they don’t stretch out their payments too far or whittle away your profits with aggressive payment deductions, especially when your margins are tight.

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Credit and Collections Bankruptcy Credit Risk Default 130

FundThrough

DECEMBER 19, 2024

[link] When Ron Cedillo, VP of housing provider Lima Charlie, had to find new sources of business, he learned that the government contracting space could be a valuable growth channel for his companybut large dollar amounts and mismatches between cash inflows and outflows quickly proved challenging for the execution. When you do government contracting, […] The post Lima Charlie: Raising $8M in 30 Days to Unlock New Growth Channel appeared first on FundThrough.

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Emagia

DECEMBER 19, 2024

Applying for credit can be a complex endeavor, whether you’re an individual seeking personal credit or a business aiming to establish credit lines. A well-structured approach is essential to navigate this process efficiently. This comprehensive guide provides a detailed checklist template to streamline your credit application journey, ensuring all critical aspects are addressed for a successful outcome.

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Credit Application Credit and Collections Credit Scoring 40

CreditStrong for Business

DECEMBER 20, 2024

The thought of heading to the car dealership can fill some people with dread. Not because you dont want the new car, but because youre worried that youll be bamboozled by a salesperson and a finance department working in tandem to get as much money as they can from you. Obviously, not all dealerships are like that and there can be very honest company cultures and salespeople out there, but the key to making sure that doesnt happen is to come prepared.

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Credit Scoring Credit Unions Insurance Companies Transactions 84

Enterprise Recovery

DECEMBER 20, 2024

As the year-end approaches, businesses can take a step back and reflect on their achievements and challenges. Conduct a thorough review of key wins and setbacks. Identify the strategies that led to success and those that need improvement. This reflection provides valuable insights into what worked well and what didn't, allowing for more informed decision-making.

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Know-It Global

DECEMBER 20, 2024

2024 has been a busy and successful year for the team at Know-it. Weve attended events across the UK, grown our company head count and celebrated many occasions and milestones. This is in addition to platform updates, a record number of sign-ups and internal system advances. Heres some highlights from our year! Success at Elite Business Live We had a great time attending Elite Business Live in London in March.

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Credit and Collections 59

Due

DECEMBER 20, 2024

December is when currency transfers are at their peak. There are holiday or end-of-year bonuses, overseas travel, and gift purchases, which are some of the reasons why these exchanges spike at this time. When wiring money internationally, you could face forex charges, which include a transfer fee and the exchange rate markup. Combined, these costs can reduce the amount your receiver gets.

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Emagia

DECEMBER 18, 2024

Evaluating the creditworthiness of a company is crucial for investors, lenders, and business partners to determine the risk associated with financial engagements. This comprehensive guide delves into the methodologies and metrics essential for calculating a company’s creditworthiness. Understanding Creditworthiness Creditworthiness refers to a company’s ability to meet its financial obligations.

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CreditStrong for Business

DECEMBER 20, 2024

Many startups need a considerable upfront investment of time and money before they start bringing in significant revenues, which means they often need some external financing to sustain them until they can get off the ground. Unfortunately, investing in any new business is risky, and investing in a startup can be even more so since they often take new approaches to big problems and have aggressive scaling goals.

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Credit Scoring Small Businesses Default Transactions 52

TreviPay

DECEMBER 19, 2024

Ready to scale your B2B business? Gain exclusive insights from Brandon Spear, CEO of TreviPay , on how to prepare for global growth in the booming $137 trillion B2B payments market. In this article, Brandon shares four key strategies to help businesses: Optimize payment options and loyalty programs for B2B buyers. Implement advanced risk management to prevent fraud.

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Credibly

DECEMBER 17, 2024

Table of Contents The challenges small businesses faced in 2024 How businesses are turning challenges into opportunities Insights from business owners Discover how 257 business owners are tackling the top challenges in 2024 Small businesses have been proving their resilience in 2024, navigating a landscape of high interest rates and shifting consumer confidence.

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Small Businesses 52