Your Virtual Credit Manager
APRIL 1, 2025
In too many organizations, credit and collection decisions are compromised by the fog of war. Gathering all the details needed to inform a decision becomes a time-eating burden. For example: to make an effective collection call, you need to know who to contact, the AR status and AR details of the account, if there are any disputes, and what prior efforts have been made to collect the balance due.
RMAi Blog
APRIL 1, 2025
April 1, 2025 (Sacramento, CA) The RMAI Certification Council announces the adoption of version 13.0 of the Receivables Management Certification Program (RMCP) after a lengthy development and review process. As of today, all new and renewing applications will be held to the newly revised standards. Several significant enhancements were added to the program in version 13.0, including: Aligning the Data Security Standard with the FTC Safeguards Adopting provisions on how to handle coerced Adoptin
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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.
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.
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.
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.
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
APRIL 1, 2025
The end of the student loan payment pause, coupled with the return of delinquent loan reporting, has left many borrowers scrambling to manage the consequences. According to the Federal Reserve Bank of New York , more than 9 million Americans could soon see significant drops in their FICO scores, some by over 150 points, due to the reappearance of delinquent student loans on credit reports.
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.
Team Financial Group
APRIL 1, 2025
Will worked his way up at Team Financial Group in classic fashion, interning with us while earning his degree in finance at Michigan State University. After graduation, he would become a full-time member of Team Financial Group in January 2021 and has been an important part of our operations ever since. We recently took some time to talk with Will about how dedication, devotion, and personal development have shaped his work both with clients and his community.
Chaser
APRIL 1, 2025
Accounts receivable (AR) automation offers a more efficient and cost-effective way to manage cash flow, reduce errors, and accelerate the collection process. Yet, many businesses still hesitate to adopt AR automation. Despite its clear benefits, some common misconceptions and concerns prevent organizations from making the switch. This article explores the most common excuses for not automating accounts receivable and provides a closer look at the reality of each.
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.
JNI Commercial Lending
APRIL 1, 2025
Effective cash flow management is critical to the success of any business. For small business owners, construction companies, equipment managers, and entrepreneurs alike, maintaining healthy cash flow can be a daily challenge. Late payments from clients, extended credit terms, or simply waiting on massive unpaid invoices can create financial bottlenecks that strain your operations.
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.
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.
Accounting Department
APRIL 1, 2025
As a business owner, you're undoubtedly aware of the myriad responsibilities that come with the territory. From strategic decision-making to managing day-to-day operations, your plate is full.
GoCardless
MARCH 17, 2025
Customers to gain more flexibility through open banking payments
Due
APRIL 1, 2025
Recently a major FDA official Peter Marks announced his resignation, heavily impacting biotech stocks such as Moderna. Wall Street is currently stressing about the future of biopharmaceutical companies and the industry as a whole. Moderna Stock Falls Marks played a significant role in the FDA for biopharma companies, as the director of the Center for Biologics Evaluation and Research (CBER), which is within the FDA.
Know-It Global
APRIL 3, 2025
Spring has arrived! This month there have been key financial updates from the UK government after the release of the Spring Statement. Find out what’s been happening and what it means for your business below. UK Government Releases Spring Statement Wednesday 26 th March, saw the release of the UK governments Spring Statement. This announcement gave Chancellor of the Exchequer Rachel Reeves an opportunity to update the nation on progress made since the last budget in October 2024.
Credit Tools
APRIL 2, 2025
The ongoing fragility of the French economy continues to be reflected in a rising number of business failures, particularly in the most vulnerable sectors.
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.
Chaser
MARCH 30, 2025
The concepts of allowance for doubtful accounts and bad debt expenses play a pivotal role in portraying an accurate picture of a company's financial health.
Due
APRIL 1, 2025
A new investment method that delivers impressive returns while reducing taxable income has garnered attention among high-net-worth families. This analysis explains how the strategy works, highlighting its consistent gains and tax benefits. The strategy focuses on generating strong performance even in years when traditional benchmarks have suffered. In addition, it offers a unique tax advantage that can help lessen tax burdens for high-income earners.
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.
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.
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.
Due
APRIL 3, 2025
Retirement marks the beginning of a new chapter in life, where passions can be explored, skills developed, and activities that bring joy and fulfillment can be indulged in. Whether you want to express creativity, be physically active, be intellectually stimulated, or engage in social activity, theres a hobby thats perfect for you. Here, weve compiled a list of 50 hobbies that are perfect for retirees.
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.
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.
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.
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.
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