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Member Alert: RMAI Accepting Candidates for the 2025 Board of Directors

RMAi Blog

Are you passionate about shaping the future of the receivables management industry? RMAI is now accepting candidates for the 2025 board of directors. Serving on the board offers a unique opportunity to drive strategic initiatives, represent our members’ interests, and influence the direction of your association. RMAI is seeking qualified candidates who wish to run for a two-year term on the Board of Directors.

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Up Your Cash Flow!

Your Virtual Credit Manager

A client, who rented heavy equipment to manufacturers and construction firms across a multi-state market area, was saddled with an accounts receivable (AR) growing faster than revenue. In other words, they weren’t collecting everything being sold. Three staff members handled both customer service and collection duties, while the Controller managed credit.

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Denial Management Strategies for 2025: Trends & Best Practices

RevCycle

As healthcare continues to evolve, so do the complexities of managing the revenue cycle, with denial management being one of the most persistent challenges. Denial management is an essential component of healthcare revenue cycle management (RCM) because denials directly impact an organization’s financial health. From 2022 – 2024, the number of providers who said denials are increasing jumped from 42% to 77%.

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Six charged in million-dollar Department of Defense fraud case

Due

Six men have been charged in a case involving an attempt to defraud the United States government and the Department of Defense (DOD). The defendants have been accused of rigging bids, defrauding the government, and paying bribes and kickbacks to sell IT products and services to federal government purchasers. This resulted in millions of dollars being overcharged to the U.S. government, including the Department of Defense (DOD), and resulted in swift action from the Justice Department.

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Suspicious activity monitoring: Keys to strengthening your AML/CFT program

Abrigo

Ongoing monitoring is more than just a regulatory requirement Suspicious activity monitoring is a cornerstone of a robust AML/CFT program, as emphasized in the FFIEC BSA Examination Manual. This critical function helps protect the U.S. financial system from misuse for money laundering, terrorist financing, and other financial crimes. Both FinCEN and federal banking regulatory agencies mandate ongoing monitoring for suspicious activity as part of the overall AML/CFT program.

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How To Get A Loan To Start A Business From The Government

CreditStrong for Business

Starting a new business can get expensive fast. Whether you’re purchasing new equipment, getting supplies, or buying inventory, it can feel like there’s not enough cash flow to make it work. In this article, we’ll make it easier on you by uncovering what to expect from government small business loans and how to prepare for them. How To Prepare To Get A Business Loan From The Government The Small Business Administration (SBA) partners with lenders, banks, and credit unions to provide loans to sma

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Unlocking Profit Potential Through Strategic Financial Forecasting

Accounting Department

In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.

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Transform Your FP&A with AI: 4 Key Levers for Success

TreviPay

Finance teams face increasing pressure to deliver faster, more accurate insights. Traditional Financial Planning and Analysis (FP&A) processes, often dependent on historical data and manual work, are struggling to keep up with modern demands. To meet these challenges, businesses are turning to AI to optimize their FP&A functions and enhance decision-making.

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Pair sentenced for hundreds of thousands in laundered international funds

Due

Two men have been sentenced for their part in a scheme to launder hundreds of thousands of dollars internationally. According to a Justice Department report on the case, Li Pei Tan of Georgia and Chaojie Chen, 41, a Chinese national residing in Chicago, were the pair at the heart of the international monetary fraud. It was alleged that they were the go-to people to launder tens of millions of dollars in drug proceeds on behalf of foreign drug trafficking organizations.

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AML program productivity: Boost the impact of AML investigations

Abrigo

Increasing efficiency of compliant AML investigations To boost AML program productivity and keep pace with evolving compliance demands, financial institutions should focus on strategic operational improvements paired with the smart use of technology. Key topics covered in this post: The challenges of enhancing AML program productivity 8 Ways for financial institutions to increase the efficiency of case investigators Operational improvements & technology can increase throughput Compliance

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Know-it October Roundup

Know-It Global

Welcome to the month of November! The dark nights are upon us and now that Halloween is over, it seems acceptable to mention Christmas? In October we have been busy developing our internal systems to make communication with our customers even better, as well as improvements to the Know-it platform! Halloween Celebrations with the Team On Halloween we celebrated with a team party!

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From Startups to Enterprises: Tailoring CFO Support Services to Fit Your Business Needs

Accounting Department

In the ever-evolving landscape of business, one size rarely fits all. This is particularly true when it comes to financial management. Whether you're a burgeoning startup or an established enterprise, having a firm grasp on your finances is crucial.

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Bridging the Gap: How the SBA 504 Loan Program Helped Edmond Group LLC Secure Their Business’s Future

TMC Financing

Bridging the Gap: How the SBA 504 Loan Program Helped Edmond Group LLC Secure Their Business’s Future John and Susana Edmond, co-founders of Edmond Group LLC, a strategic communications and. The post Bridging the Gap: How the SBA 504 Loan Program Helped Edmond Group LLC Secure Their Business’s Future appeared first on TMC Financing.

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Are you annoying your accountant? 5 things to avoid

Plooto

Most small business owners don’t become entrepreneurs because they love managing finances. That’s why accountants and bookkeepers are so crucial to successfully running a business. Their relationship is an essential part of how SMBs achieve efficiency, scale, and control over their financial operations.

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Disclosure of commission ruling. My view

Cpcmcredit Blog

Many of you will be well aware of the recent court ruling regarding disclosure of commissions to brokers in the area of car finance. This has now reverberated around the asset finance market with perhaps a little overreaction from some lenders and a telling silence from others I know of at least one lender who is refusing to take on new business until this issue is resolved in their own minds whilst others have set in motion new procedures where by the brokers commission is advised to their clie

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As Tech Giants Scoop AI Engineers, Startups Turn to Agencies

Due

The race for artificial intelligence (AI) dominance is driving an unprecedented hiring spree among tech giants like OpenAI, Meta, and Google. As these companies snap up top-tier AI engineers—with salaries these days often exceeding $1 million annually—the talent pool for startups and even established corporations has grown increasingly scarce. For many businesses, the inability to secure in-house AI expertise has created a bottleneck, slowing down innovation and growth.

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The Best B2B Dispute Management Tools of 2024

Gaviti

Whether due to error, financial trouble or the non-delivery of goods or services, disputes are unavoidable in the world of accounts receivable. Traditionally, they are managed through a lengthy, tedious manual process that lacks visibility into the process in real time. As companies scaled and these disputes increased, however, businesses started to turn to dispute automation for a more efficient dispute management process for collections and dispute management.

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Do small businesses have enough data to make AI insights useful?

blue dot counseling

Can AI generate insights into your business that people can't? The post Do small businesses have enough data to make AI insights useful? appeared first on Blue Dot Consulting.

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New tutorial: what is Credit Management?

Credit Tools

A discipline that remains little known to the general public, credit management is nevertheless at the intersection of a company's commercial and financial issues. So what is it?

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“Best” invoice finance company survey. Surprising results?

Cpcmcredit Blog

Im not sure whether awards have actually been given out but this site has nominated “best” invoice finance providers in. nine different categories. Here are the results 1. Kriya – Best for its straightforward, user-friendly approach 2. Growth Lending – Best for international companies 3. Skipton Business Finance – Best for its interest-free invoice finances 4.

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9 Ways to Keep Your Holiday Spending in Check

Due

Is there anything better than celebrating the holiday season with family and giving to others? However, in the season’s excitement, losing track of spending is also easy. In fact, according to the 2024 Deloitte holiday retail survey, respondents expect to spend $1,778 (+8% year-over-year) this holiday season after expressing record holiday spending intentions in 2023.

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Cyber Monday Banners: What Are The Factors That Define Sales Success?

Grit

Cyber Monday is a big part of the holiday shopping season, giving online stores a great chance to increase sales. In the busy online world, a good Cyber Monday banner can be the difference between grabbing a customer’s attention or losing them to another store. But what makes a banner effective for Cyber Monday? In this article, we look at the key things that make banners successful and how to use them to make more money.

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Effective Year-End Business Budgeting Strategies for Financial Success

Enterprise Recovery

With just a few months left of the year, it's time to ensure that your business is well-prepared. Careful planning and allocation of financial resources can help your business seize new opportunities, overcome potential challenges, and achieve its growth objectives. By creating a financial roadmap that supports sustainable development and long-term success, you're positioning your business to thrive in the coming year.

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Steer Clear of These Common Budgeting Mistakes for Your Business

Accounting Department

Creating a budget is essential for any business aiming for long-term success. As a business owner or CFO of a small to medium-sized enterprise, you might have faced the difficulties involved in developing and executing a budget.

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Eliminate manual work and reduce late payments with Chaser and Sage 50

Chaser

Chaser has launched a new integration with Sage 50, an established accounting software designed for small and medium-sized enterprises (SMEs). This new integration aims to help businesses using Sage 50 streamline their accounts receivable processes, reduce overdue invoices, and protect cash flow.

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Supermicro’s downfall: Impact on AI industry

Due

Companies’ fortunes can shift as rapidly as the technology they create. Just a few months ago, Supermicro Computer, a global leader in high-performance, high-efficiency server technology, was celebrated as a rising star in the AI industry. However, recent events have cast a pall over the company’s success, leading to a dramatic plunge in its stock value and raising questions about its relationship with Nvidia, a major player in the AI industry.

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Evolutionary, Not Revolutionary: US Election Results & the Credit Cycle

Loomis Sayles Credit Research

The United States has finally gone to the polls, and Donald Trump has been declared the winner of the presidential election. The Republican Party succeeded in capturing the Senate, but House control remains in question with many races too close to call. It could be days before we know the composition of the House as we wait for final results. Any recounts or legal challenges would further delay the resolution of the electoral races, but at this point it seems like a sweep for the Republicans wit

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The SBA Commercial Vehicle Loans You Should Consider

CreditStrong for Business

If you’re looking to buy a vehicle for your business, there are several different ways you can finance the purchase. Business auto loans and equipment loans can be a good place to start, but if your business meets the requirements for an SBA loan, that should be on your radar as well. Here’s what you need to know about SBA commercial vehicle loans, how they’re structured, and what you should expect in terms of eligibility requirements.

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Creative Capital Alternatives Small Businesses Must Explore

JNI Commercial Lending

Starting and running a small business requires more than just a great idea and entrepreneurial spirit; it requires money. In a world where competition is fierce, securing the right financing can make the difference between success and failure. Traditional bank loans may not always be the best fit for small businesses, especially when time and […] The post Creative Capital Alternatives Small Businesses Must Explore appeared first on JNI Commercial Lending.

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Everything you need to know about Open banking and Open finance

aptic

Open banking has transformed the financial industry and the way financial services can be shared and used by multiple actors. Open finance is the next step, offering further opportunities for innovation, choice and customised financial services. We will take a closer look at what Open banking and Open finance mean and how they differ. We will also look at the challenges they can bring, and what is needed to implement Open banking and finance in a safe and successful way that attracts customers.