Credit Research Foundation

NOVEMBER 15, 2024

For over 75 years the Credit Research Foundation (CRF) has supported Credit Executives in the business-to-business (B2B) world based on two primary principles: (1) provide quality, comprehensive education from “the basics” to the senior credit executive level, and (2) provide an atmosphere that fosters networking with like-minded individuals – the most influential credit and risk management professionals in the industry.

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Your Virtual Credit Manager

NOVEMBER 19, 2024

Now that we are past the mid-point of November, the end of the year is zooming into focus. Chances are, there is a lot that needs to be done in terms of accounts receivable (AR) management between now and December 31st, especially if you are short of your Days Sales Outstanding (DSO) goals. If that’s the case, collection activities should be at the top of your to do list, because any changes in credit policy and procedures will be too little too late for this year.

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DSO AR Metrics Credit and Collections Accounts Receivable (AR) 100

RMAi Blog

NOVEMBER 15, 2024

A recent issue has arisen pertaining to objections to Proof of Claims in bankruptcy cases filed in the Western District of North Carolina. RMAI recommends that our members consult with their legal counsel on how best to address the issue as it pertains to their organizations. Specifically, there has been an increase in the number of objections to claims being filed in cases where there is a joint bankruptcy and particularly in cases where the property is held by the tenancy in the entireties.

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Bankruptcy 130

Gaviti

NOVEMBER 18, 2024

Automation delivers finance departments many benefits, including accurate predictions and insights related to revenue and sales so that CFOs and their teams can make better business decisions. Despite this, automation in accounts receivable has met its fair share of skepticism from business leaders worldwide. Some of the main concerns include change management and employee adaptability to new technologies, adherence to compliance, how easily the automation technology integrates with other financ

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Bad Debt Bad Debt to Sales Invoice to Cash Credit and Collections 97

Abrigo

NOVEMBER 18, 2024

Prepare for regulator scrutiny on interest rate risk & liquidity Banks and credit unions that aren't paying attention to these critical issues can expect a tough review. Key topics covered in this post: Regulatory focus Key questons for ALCOs Governance and concentration risks Expect the unexpected Regulators 'could not be more clear' Today’s regulatory climate is turning up the heat on financial institutions when it comes to liquidity and interest rate risk management.

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Credit Unions 78

Due

NOVEMBER 13, 2024

A Wisconsin pizza parlor has been fined for underage workers cleaning meat grinders, cleaning hot ovens, and working overtime. The Department of Labor found that Ironbluebear Inc. (Ironblubear), operator of Pizza Parlor, must pay $99,882 in civil money penalties for violating child labor standards. Federal labor laws are strict about the hours young employees can work and the situations in which they can be placed.

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Enterprise Recovery

NOVEMBER 15, 2024

Following up on past-due invoices and delinquent accounts can be a full-time job. However, it is invaluable to your business's bottom line. If you're considering outsourcing debt collections or handling them in-house, this post can help clarify the benefits of outsourcing. Outsourcing B2B debt collection can transform your financial operations by bringing in expertise, reducing costs, and freeing up valuable internal resources.

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Debt Collections Past Due Invoices 71

Plooto

NOVEMBER 18, 2024

Using technology to run your business is a no-brainer in this day and age. It speeds up processes, helps employees and vendors communicate efficiently, and provides fast, reliable data about all aspects of your business.

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Abrigo

NOVEMBER 14, 2024

Be proactive with your AML/CFT program to prevent BSA enforcement actions As regulatory scrutiny intensifies, financial institutions face more frequent Bank Secrecy Act (BSA) enforcement actions from supervisory agencies. These actions can result in costly civil penalties and reputational damage, so banks and credit unions should take proactive steps to ensure their BSA compliance programs are robust and effective.

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Credit Unions Transactions 78

Due

NOVEMBER 20, 2024

One of your biggest categories of expenses in retirement is going to be healthcare. Even with excellent insurance coverage and ample preventative care, you may face greatly escalating costs well into your retirement. How do you keep these costs low? And how much of an impact will this have on your finances overall? Plan for the Gaps in Medicare First, and probably most importantly, you need to prepare for gaps in your Medicare coverage.

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Accounting Department

NOVEMBER 13, 2024

Opting for outsourced client accounting services can significantly conserve time and resources for your business. Nevertheless, locating a reliable outsourcing partner can be difficult. But how can you be sure you’re choosing an outsourced accounting service you can trust? A few characteristics of trustworthy, competent, and reliable accounting services will help you know the provider you chose is the right one.

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Collenda

NOVEMBER 13, 2024

Aryza Expands Partnership with GoCardless to Enhance Payment Solutions Aryza Group, a leading provider of financial software solutions, announces the expansion of its partnership with GoCardless , a global bank payment company. This collaboration transforms the existing technology relationship into a comprehensive partnership that includes an introducer agreement across all Aryza platforms globally.

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Transactions 64

Chaser

NOVEMBER 13, 2024

Thrilled to share that Chaser has been shortlisted for the Supplier of the Year award at the 2025 CICM British Credit Awards, an accolade that celebrates the most impactful providers in credit management technology.

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Credit Management 64

Abrigo

NOVEMBER 13, 2024

This article covers these key topics: Debt-service coverage ratios are steady. Leveraged has improved since 2019. Businesses' working capital cycles are longer. Interest coverage ratios have stayed strong. How lenders can leverage this data. Bank and credit union leaders can use data to inform small business lending Small businesses are showing resilience.

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Small Businesses Credit Unions Credit Risk Accounting Firms 78

Due

NOVEMBER 19, 2024

A study by the United States government found that the cost of childcare for one child can be as much as the average annual rent costs. The National Database of Childcare Prices has revealed the latest figures from a study conducted across America. The study analyzes childcare prices in 2,512 U.S. counties. The findings showed that U.S. families spend “8.9% and 16.0% of their median income on full-day care for just one child, with annual prices ranging from $6,552 to $15,600 in 2022, the most re

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Accounting Department

NOVEMBER 20, 2024

Driver-based planning is a type of management that zeros in on a company's key value drivers and key business drivers. It helps create budgeting and business plans based on these factors. The goal of this type of planning is to center on the factors that are important to fueling success. Mathematical models can be created to project business. Driver-based planning is helpful for finance executives when they are planning long-range strategic strategies.

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Know-It Global

NOVEMBER 13, 2024

As a business owner or finance professional, one of the most frustrating situations you can encounter is a customer who refuses to pay their invoice. Whether it’s due to cash flow issues, a dispute over the goods or services provided, or just plain unwillingness to settle, unpaid invoices can significantly impact your business’s cash flow and bottom line.

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Debt Collections Credit and Collections Bankruptcy 59

Credit Tools

NOVEMBER 15, 2024

We are thrilled to share an exclusive interview with Scarlett Favre-Verand, the CEO of Efficash, a consulting firm specializing in credit management. In this captivating conversation, Scarlett takes.

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Credit Management 52

Chaser

NOVEMBER 15, 2024

Over 50% of B2B invoiced sales in the US are paid late, impacting the cash flow of businesses of all scales. A demand letter for payment is a simple way to resolve these kinds of payment despites and get the money you are owed.

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Due

NOVEMBER 19, 2024

Dell Technologies Inc. and Dell Federal Systems L.P. (collectively Dell) and Iron Bow Technologies LLC (Iron Bow) are set to pay millions of dollars to settle allegations they both overcharged the Army under the Army Desktop and Mobile Computing 3 (ADMC-3) contract. Dell has agreed to pay $2,300,000, and Iron Bow will part ways with $2,051,000 for their role in the scheme to defraud the United States Army.

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Team Financial Group

NOVEMBER 14, 2024

The road to sustainable business growth is paved with good incremental decisions. It is rare for a business to have all the resources needed to make all the improvements they want at one time. Many improvements require substantial financial investments in equipment or infrastructure, making tiny steps more affordable than giant leaps. The key is choosing steps that are both sustainable and provide greater returns on investment, accelerating the path toward future growth.

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Dashboards 52

aptic

NOVEMBER 14, 2024

What is reverse factoring? Reverse factoring is a financing solution that allows suppliers to receive early payments on approved invoices from a buyer, typically through a financial intermediary (the factor), at a lower interest rate based on the buyer’s credit rating. This process enables suppliers to access immediate cash flow while allowing buyers to defer payment until the invoice’s maturity date.

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Deductions Transactions 52

Eastern Credit Management Services

NOVEMBER 13, 2024

Choosing the right debt collection agency is a crucial decision for businesses looking to recover outstanding payments efficiently and professionally. Here’s a guide on what to consider to ensure you’re selecting a reputable agency that meets your needs in Atlantic Canada. 1. Look for Industry Certifications and Memberships A reliable debt collection agency should have recognized certifications that demonstrate its adherence to industry standards.

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Debt Collections Credit and Collections Credit Management 52

Chaser

NOVEMBER 19, 2024

Learn about promissory notes: what they are, key elements, types, uses, and their legal implications in loans and financial decisions.

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Due

NOVEMBER 19, 2024

Corporate pensions in the United States have been experiencing their strongest performance in over a decade. According to data from Aon, pension plan funding has consistently improved since the Great Recession. As of September 21, the pension-funded ratios of public companies on the stock index averaged 102%, signifying that pension funding had reached its highest point since late 2011, when the ratio was approximately 78%.

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Loomis Sayles Credit Research

NOVEMBER 20, 2024

In our view, the corporate health outlook remains solid as we mark the third anniversary of the CANDIs survey. This quarter’s results show an improvement over last quarter’s six-month forward outlook, with corporate resilience strengthening and positive momentum broadening across more sectors. While corporate health may not be as strong as it was a year ago, we expect stability will persist, consistent with the late stage of the economic expansion.

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Retail Companies 43

Plooto

NOVEMBER 13, 2024

Financial technology can make life easier for you and your accountant. But do you know how much of an impact NOT adopting fintech can have on your business?

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Emagia

NOVEMBER 19, 2024

What are Samples of Bank Statements? Samples of bank statements provide a detailed record of your financial transactions over a specified period. They are commonly used to verify income, monitor spending, and analyze your financial health. Samples of bank statements can help individuals and businesses alike manage their finances efficiently. Understanding Bank Statement Formats The format of a bank statement typically includes details such as the date, description, debit, credit, and balance.

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Transactions 40

Chaser

NOVEMBER 14, 2024

An Electronic Funds Transfer (EFT) payment is a payment option with unparalleled convenience, efficiency, and versatility for bill payments, online purchases, payroll deposits, and account transfers. Processing times vary, with options like wire transfers for same-day delivery.

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Electronic Funds Transfer 52

Due

NOVEMBER 19, 2024

In the 2010s, the startup landscape was dominated by SaaS—software companies that promised to disrupt industries with scalable, cloud-based solutions. Venture capital dollars flowed into these businesses as fast as they could be coded. But the tides are shifting. While software remains crucial, today’s most ambitious entrepreneurs aren’t just writing code—they’re tackling some of the most complex hardware challenges across industries like manufacturing, defense, robotics, and space exploration.

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Credit and Collections 52