Your Virtual Credit Manager

OCTOBER 15, 2024

Companies are increasingly under duress, especially small and medium-sized businesses (SMBs). While profitability at the largest corporations has risen, it has been falling at firms with revenue below $1 billion. Roughly two-thirds of firms in this cohort are operating a breakeven or worse. While the Fed has finally loosened interest rates, the cost of commercial loans are expected to remain well above the levels experienced prior to the Covid pandemic.

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Regal Credit Management

OCTOBER 15, 2024

Photo by John Schnobrich on Unsplash Recently, we have seen a rise in fraudulent letters or email scams being sent to our clients. These letters often claim that the sender has compromising information about the recipient and use fear tactics to demand payment or action. While the threats are typically baseless, the real concern lies in the amount of personal information these scammers have—information they likely obtained from data broker reports.

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RMAi Blog

OCTOBER 10, 2024

The Receivables Management industry mourns the loss of a true visionary, Larry Vasbinder, founder of Second Round, who passed away unexpectedly this past weekend after post-surgical complications. Larry’s legacy is one of innovation, resourcefulness and an unwavering commitment to improving the consumer experience. His absence is deeply felt. Starting his career in public accounting in 1990, Larry became a Certified Public Accountant and joined the tax department of KPMG Peat Marwick, furthering

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OCTOBER 10, 2024

Eight individuals in the Eastern District of New York have been charged with participating in a $68m Medicaid fraud scheme targeting adult day care and home healthcare services. The indictment was unsealed today in Brooklyn, New York, and focused primarily on Akia Khan, who owned two social adult daycares, Happy Family Social Adult Day Care Center Inc.

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Accounting Department

OCTOBER 17, 2024

Imagine having access to top-tier financial expertise without the full-time cost. That's precisely what CFO Support Services offers. In today's fast-evolving business landscape, financial acumen is not just a luxury but a necessity for growth and sustainability. Entrepreneurs and small-to-medium business (SMB) owners often juggle multiple roles, and strategic financial management is frequently overlooked.

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Small Businesses 59

RMAi Blog

OCTOBER 11, 2024

MENLO PARK, CA – Latitude by Genesys , a leading debt collection software solution, is dedicated to positively impacting the communities where its employees and executives live. Recently, Latitude donated to the Food Bank of Northeast Georgia, a non-profit organization committed to alleviating hunger and addressing food insecurity across the region.

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TreviPay

OCTOBER 17, 2024

B2B buyers, much like their B2C counterparts, are driving higher expectations when it comes to the purchasing experience. At TreviPay’s Crossroads Conference, the “Buyer Perspectives” panel explored the shifts in B2B buying behaviors, emphasizing the importance of value, relationships and technology in today’s marketplace. Moderated by Piers Gorman , the discussion featured insights from Rosilyn Richey of Viking Cruises and James Norfor of b2buy.

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OCTOBER 17, 2024

The Occupational Safety and Health Administration (OSHA) has hit an Alabama stonemason with multiple sanctions and a nearly $30,000 fine as a result of a fatal injury inquiry. The company, Huntsville Granite and Marble LLC, was the scene of a fatal accident where a slab of stone weighing thousands of pounds hit a 33-year-old employee. OSHA has now said that this fatal and horrific accident could have been avoided, as a result of the investigation.

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Accounting Department

OCTOBER 15, 2024

Navigating the complex world of non-profit accounting can feel like a daunting task for many non-profit managers. The stakes are high as effective accounting not only keeps the organization compliant but also plays a crucial role in fulfilling its mission. For non-profits striving to maximize their impact, understanding and overcoming common accounting challenges is essential.

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Small Businesses 62

RMAi Blog

OCTOBER 11, 2024

WEST SENECA, NY – P&B Capital Group, a third-party collection agency headquartered in Western New York, has spent a portion of Q3 in 2024 looking for organizations to support as part of its ongoing community outreach efforts. To better serve its employees and the surrounding community, P&B Capital Group has made a sizable donation to Sto Lat Strong , a Breast Cancer Research Fundraising Group.

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Grit

OCTOBER 17, 2024

Whether you’re ready or not, the battle for customer attention on Black Friday is fiercer than fighting for that last slice of pumpkin pie after Thanksgiving dinner. Every retailer is chasing the same goal – crafting an irresistible Black Friday newsletter campaign that customers can’t help but open, click, and grab those deals, thereby skyrocketing your revenue in the process.

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Transactions 52

TreviPay

OCTOBER 17, 2024

In business, “Net 30” is a common payment term. It helps manage cash flow and build good relationships between buyers and sellers. Knowing how to manage these terms can significantly impact a company’s financial health. Definition of Net 30 Net 30 payment terms refer to a payment term used in business transactions. Net 30 is where the buyer agrees to pay for goods or services within 30 days of the invoice date.

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Due

OCTOBER 17, 2024

A Savanah, Georgia, concrete giant and four executives have been sentenced in the conclusion of a lengthy million-dollar price fixing, fraud, and bid-rigging case. Evans Concrete LLC is the company at the center of the storm, with executives James Clayton Pedrick, Gregory Hall Melton, John David Melton, and Timothy “Bo” Strickland. In September 2020, a federal grand jury returned an indictment against the company and its executives.

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Emagia

OCTOBER 17, 2024

According to The Hackett Group, generative AI has transformative potential in finance. It emphasizes that Generative AI can significantly enhance productivity and reduce operational costs. According to their research, generative AI can increase staff productivity by up to 44% and reduce finance process costs by 42%, offering finance leaders an opportunity to streamline operations and optimize workflows.

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RMAi Blog

OCTOBER 11, 2024

CINCINNATI, OH – Slovin & Associates , a collections law firm headquartered in Cincinnati, OH, is committed to making a difference not only through their legal expertise but also by supporting important causes that uplift the most vulnerable. One such cause that the Slovin team identified is helping Lighthouse Youth Services (LYS), a non-profit organization dedicated to helping underrepresented youth and families in need, particularly those dealing with homelessness or runaway situatio

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TMC Financing

OCTOBER 14, 2024

131 Arizona Small Businesses Supported, Securing $401 Million in Total Financing for Fiscal Year 2024 For the third year running, TMC Financing remains Arizona’s leading U.S. Small Business Administration (SBA). The post TMC Financing Remains Arizona’s #1 SBA 504 Commercial Real Estate Lender for the Third Consecutive Year appeared first on TMC Financing.

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Small Businesses 59

TreviPay

OCTOBER 17, 2024

Understanding your financing options is crucial for any business looking to grow and succeed. Among these options, debt financing and equity financing stand out as two primary methods. This blog looks at their definitions, key differences, and the pros and cons of each. This will help you make better decisions for your business. Definition of Debt Financing Debt financing involves borrowing money that must be repaid with interest.

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Due

OCTOBER 17, 2024

The energy revolution is not just a buzzword; it’s a reality reshaping the global economic landscape. The world’s largest money manager, BlackRock, anticipates this revolution will yield an investment return 60% higher than the S&P 500. This projection underscores the immense potential within the energy sector, particularly in infrastructure.

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Emagia

OCTOBER 16, 2024

In today’s rapidly evolving business landscape, finance leaders must not only understand traditional financial metrics but also embrace data analytics to drive strategic decision-making. Data analytics enables finance teams to extract valuable insights from data, enhancing their ability to predict trends, identify risks, and optimize operations. Deloitte emphasizes that data analytics provides the insights needed for finance professionals to navigate complex environments, comply with regulations

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RMAi Blog

OCTOBER 11, 2024

RMAI extends its thoughts of support to all of those affected by Hurricane Milton. RMAI recommends all members temporarily suspend collection calls and communications to consumers in the portions of Florida who are directly affected by this emergency. Information on the impact of Hurricane Milton can be found on the Florida Division of Emergency Management website.

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Grit

OCTOBER 16, 2024

As a BigCommerce store owner, you know your customers have been racking their brains from considering whether to purchase until they hit the “add to cart” button. But even then, they expect more, especially the reassurance that what they ordered will arrive on time. That’s where an order confirmation email comes in! Of course, you can’t manually email every customer, so automating it on your BigCommerce store is essential (and a must).

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TMC Financing

OCTOBER 16, 2024

Securing $134 Million for Nevada Small Businesses, a 22% Increase for FY24 TMC Financing continues to solidify its position as Nevada’s top SBA 504 lender in total dollars approved, facilitating. The post TMC Financing Ranked as Nevada’s No. 1 SBA 504 Lender appeared first on TMC Financing.

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OCTOBER 17, 2024

An annuity is a financial product that provides an income stream to supplement a retiree’s income over time. However, as the financial landscape evolves, so do annuities’ features, benefits, and overall appeal. Several trends have emerged as the annuity market has evolved in recent years, catering to new customer preferences and adapting to changing economic conditions.

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Reorg Blog

OCTOBER 16, 2024

Relevant Document: Bridgepoint Notice Bridgepoint is set to reinvest in U.S. financial software firm Kyriba while maintaining its position as the majority shareholder in a transaction that will see General Atlantic join as a new minority investor.

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Transactions 52

Chaser

OCTOBER 16, 2024

Automated Clearing House (ACH) payments have transformed the landscape of financial transactions, providing a convenient, secure, and efficient alternative to traditional paper checks and cash.

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Transactions 52

CreditStrong for Business

OCTOBER 15, 2024

Having all your paperwork ready can help expedite the lengthy dealership car sales process, as buyers of new cars spend an average of 3.6 hours finalizing these transactions. Some examples of potentially time-consuming activities include negotiating the purchase price, checking vehicle history reports, trading in your old car, interpreting current lemon laws, and working on your car loan terms and financing details.

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NorthOne

OCTOBER 15, 2024

Small businesses are increasingly turning to digital banking solutions for their financial needs. As they do, they’re finding a wide array of options designed specifically to help them, including Novo, The post The 6 Best Novo Bank Alternatives in 2024 appeared first on North One Blog.

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OCTOBER 17, 2024

Two major trends are converging, creating challenges for startups that rely on closing enterprise deals. The rise of AI and B2B-focused startups has reshaped the global startup ecosystem. At the same time, government regulations are making sales deals harder to close. As these trends collide, businesses face roadblocks when navigating the increasingly complex security reviews required to sell their products.

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Cybersecurity 52

Reorg Blog

OCTOBER 16, 2024

The post UPDATE 3: Banks Release At Least CNY 4B for Dalian Newland Share-Backed Club Loan for Drawdown, Wanda Plans to Set Up Restricted Account with ~CNY 8B Funding for Public Debt Payments appeared first on Reorg.

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Grit

OCTOBER 15, 2024

Managing backorders can be challenging for running an online store, especially when using platforms like BigCommerce. As customer expectations rise and competition intensifies, effective strategies for handling backordered items are essential for maintaining customer satisfaction and optimizing sales. In this blog post, we’ll explore practical tactics to manage items on backorder in BigCommerce, ensuring your business remains agile and responsive while keeping your customers informed and engaged

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