RMAi Blog

FEBRUARY 9, 2023

The 2023 Officers and Directors are: Anne Thomas, Cavalry Portfolio Services, President Brett Soldevila, Security Credit Services, LLC, President Elect Jon Mazzoli, Resurgent Capital Services, Treasurer Brian Williams, Crown Asset Management, LLC, LLC, Secretary Adam Parks, Plaza Services LLC, Past President Laura Jensen, Absolute Resolutions, Corp.

Law Firms 130

Law Firms Credit and Collections Debt Collections 130

Abrigo

JULY 5, 2020

Key Takeaways Credit unions participating in the Paycheck Protection Program (PPP) found that the right technology helped them serve business members when they needed help and also gain new members. Technology can facilitate delivery on credit unions' brand promise of relationship-based services.

Credit Unions 78

Credit Unions Credit and Collections Credit Risk Small Businesses 78

SAP Credit Management

SEPTEMBER 5, 2023

Canada : The Personal Information Protection and Electronic Documents Act (PIPEDA) governs the collection, use, and disclosure of personal information in Canada. The act is called the Data Protection Act 2018. Hong Kong : The Personal Data (Privacy) Ordinance regulates the collection and use of personal information.

Collector 183

Collector Dashboards 183

Emagia

SEPTEMBER 23, 2024

Deloitte highlights the transformative potential of AI, GenAI, and machine learning (ML) in optimizing traditional O2C workflows, leading to cost savings and faster collections. Invoice Generation Manual invoice creation is often labor-intensive and prone to errors, which can delay cash collection and disrupt cash flow.

Invoice to Cash 52

Invoice to Cash Order to Cash Credit and Collections Bad Debt 52

RMAi Blog

DECEMBER 14, 2022

The Assurance of Discontinuance alleges the retailer was targeted in a cyberattack in 2018 resulting in customers’ credit card numbers and login credentials being made available for sale on the dark web. RMAI is collecting donations for the 2023 Annual Conference Silent Auction, sponsored by Kino Financial. Miss a Webinar?

Law Firms 130

Law Firms Credit and Collections Credit Unions Debt Collections 130

CreditStrong for Business

OCTOBER 15, 2024

Credit Score and History If you intend to finance a vehicle or similar large purchase, obtaining a recent copy of your credit report is always encouraged. The three major credit bureaus, Equifax, Experian, and Transunion, each provide consumers one free copy of the report annually.

Credit Scoring 52

Credit Scoring Medical Billing Credit and Collections Credit Unions 52

SAP Credit Management

JANUARY 9, 2023

2018, December). In 2018 6th International Renewable and Sustainable Energy Conference (IRSEC) (pp. Its collect() method can return the data as pandas DataFrame. collect() df_data.drop('DATETIME', axis=1).plot(subplots=True, Salam, A., & El Hibaoui, A. We will be using this object extensively. df_remote.dtypes().

Dashboards 129

Dashboards Default 129

Fundera

AUGUST 26, 2018

Business credit cards are essential financing tools for both new and established business owners alike. When you’re just beginning, they can be your main financing lifeline and how you build your business credit. Without careful use, though, you could spend faster than you can pay, and need to recover from business credit card debt.

Chapter 11 65

Chapter 11 Bankruptcy Chapter 7 Credit Card Companies 65

Fundera

AUGUST 15, 2018

How to Establish Business Credit. Get a business credit card or business line of credit. Borrow from lenders who report to business credit bureaus. You know where your personal credit score stands month-to-month and how personal credit impacts your ability to qualify for financial products.

Credit Reporting Agencies 76

Credit Reporting Agencies Credit Scoring Credit and Collections Small Businesses 76

Fundera

DECEMBER 13, 2018

What Is a Perfect Credit Score? When it comes to personal credit scores, the absolute perfect credit score is 850. Though it may seem impossible, it’s actually totally doable if you’re responsible with your debt and check (and recheck) your credit score often. What Is Your Personal Credit Score?

Credit Scoring 75

Credit Scoring Bankruptcy Credit and Collections Default 75

Lendio

MARCH 13, 2023

Some common examples of liabilities include credit card balances, accounts payable, business loans, wages payable, customer deposits, and unearned revenues. Retrieved August 30, 2018 from [link] 2 Schmidt, M. March 5, 2018). Non-current assets are those you don’t expect to convert within a year, like buildings and equipment.

Credit and Collections 52

Credit and Collections 52

Abrigo

JUNE 29, 2022

Any swing in income at the producer level may create additional ag credit needs for operating expenses or pressure credit quality. This year, direct payments were expected to be around 2%, which is closer to the 2015-2018 average of about 3%. Lending & Credit Risk. Lending & Credit Risk. Ag Lending.

Credit Risk 78

Credit Risk Credit and Collections Small Businesses 78

Fundera

MARCH 26, 2019

Even though millions of passengers travel through Hartsfield, an impressive 82% of departures and 85% of arrivals were on time in 2018, which is critical for business executives who are traveling in time-bound conditions. Just 1% of flights at ATL were canceled in 2018, well below the cancellation rate for many other major airports.

Credit and Collections 98

Credit and Collections 98

SAP Credit Management

AUGUST 3, 2023

2018 version. With the Process Compliance Disclosures – For Suppliers ( F7370 ) app, you can streamline the collection and consolidation of incoming compliance data for your suppliers based on corporate-wide compliance disclosures. Key Features To support the classification according to JT/T 617.3, Stay tuned!

146

146

Due

SEPTEMBER 4, 2023

Approximately four out of ten Americans (41%) say they rarely use cash for purchases in a typical week, up from 29% in 2018 and 24% in 2015. On the other hand, the proportion of Americans paying for all or almost all of their purchases using cash has steadily declined from 24% in 2015 to 18% in 2018 to 14% in 2019.

Credit and Collections 52

Credit and Collections Credit Scoring Transactions 52

SAP Credit Management

JANUARY 28, 2023

annotate Foo with @(readonly : true); annotate Foo:simpleElement with @readonly; All annotations are mapped to EDMX outputs i.e. OData metadata as a Term with either a primitive value, a record value, or collection values. <Annotations It is also possible to add annotations in a separate file using annotate directive.

Default 139

Default 139

SAP Credit Management

AUGUST 18, 2023

back to top) Wave Management Since Warehouse Management was launched in SAP S/4HANA Cloud, public edition in 2018, customers and partners often asked for Wave Management in Warehousing. This new operation can be used by third party Internet of Things (IoT) systems , which collect information from connected sensors attached to handling units.

Default 149

Default 149

Abrigo

MAY 31, 2019

1564 , calling for a delay in the implementation of the Financial Accounting Standards Board’s current expected credit loss (CECL) standard. Thom Tillis (R-NC) introduced a bill, S. The bill would delay CECL until a “quantitative impact study can be completed to understand its likely effects it will have on the economy.”

CECL 60

CECL Credit and Collections Credit Unions 60

Fundera

FEBRUARY 28, 2020

If you extend credit to your customers, managing your accounts receivable is one of the most important accounting functions in your business. Even if you are a cash basis taxpayer, if you extend credit to your customers, you should run your business’s financials on an accrual basis in order to get your company’s full financial picture.

Credit and Collections 63

Credit and Collections 63

Abrigo

MARCH 24, 2021

As regulations and guidance continue to unfold, banks and credit unions can concentrate efforts in the following areas: Risk-Based AML/CFT Programs: Codifies that an AML/BSA program should be risk-based and designed to detect money laundering and the financing of terrorism. How to prepare for new regulations and guidance. Next steps.

Credit Unions 78

Credit Unions Credit and Collections Transactions 78

Abrigo

JUNE 4, 2019

The Financial Accounting Standards Board’s new current expected credit loss (CECL) standard, known as one of the biggest changes to bank accounting. A final rule modifying regulatory capital rules was approved in December 2018. The actual effects of CECL, however, will vary by institution. the incurred loss method).

CECL 74

CECL Credit and Collections Credit Unions Default 74

Fundera

OCTOBER 24, 2019

Amazon Lending does not check credit. In fact, in 2018 Amazon partnered with Bank of America to further support their lending initiatives. Does Amazon Lending check credit? For context, credit cards usually carry a 14 to 20% APR, whereas APRs on merchant cash advances start at around 15%, but can reach into the triple digits.

Credit and Collections 73

Credit and Collections Deductions Small Businesses Credit Scoring 73

Fundera

NOVEMBER 30, 2019

Instead, both the federal government and state governments collect unemployment taxes from employers and the federal government sends its portion to the states to supplement what the states collect. This being said, however, the federal government usually grants a business tax credit of 5.4% Who Has to Pay FUTA and SUTA Taxes?

Credit and Collections 75

Credit and Collections Small Businesses 75

Fundera

MARCH 2, 2019

The borrower’s credit history will be negatively impacted. This puts you in risk of loan default and can affect your credit history and have other major consequences. In the fourth quarter of 2018, 0.94% of borrowers defaulted on commercial and industrial loans. In contrast, 2.34% of consumer loans went into default.

Default 40

Default Credit and Collections Bankruptcy Credit Scoring 40

Fundera

APRIL 19, 2019

Participating in an IPO is much more challenging and has limited options for collection. The ICO industry is booming –– over $11 million was raised in 2018 alone. Potential fraud : Because they are unregulated, 80% of ICOs in 2018 turned out to be fraudulent campaigns, according to New York-based ICO advisory firm Satis Group.

Small Businesses 65

Small Businesses Credit and Collections 65

Fundera

DECEMBER 6, 2018

Read on to find out how to calculate your tax rate, determine exemptions and credits, and file and pay your unemployment taxes. Both the federal government and state governments collect unemployment taxes from employers. The federal government sends its portion to the states to supplement what the states collect.

Credit and Collections 58

Credit and Collections Small Businesses 58

Fundera

OCTOBER 31, 2018

Some banks will waive these fees if you maintain a minimum balance or make a certain number of purchases using your business credit card. If you open a Community Business Checking account before December 31, 2018, Huntington Bank will give you a $200 bonus if you deposit $2,000 and make up to 10 transactions within the first 60 days.

Credit and Collections 40

Credit and Collections Transactions Small Businesses 40

Fundera

DECEMBER 10, 2018

States administer unemployment insurance funds with the SUTA taxes they collect and with the FUTA taxes that the federal government passes on to them. Businesses that file state unemployment taxes late or that operate in credit reduction states have to pay a higher percentage, up to 6% on the first $7,000 in wages. credit reduction.

Credit and Collections 65

Credit and Collections Nonprofit Organizations Small Businesses 65

Fundera

DECEMBER 5, 2019

of all businesses in Maryland in 2018, employing 50.2% And research shows that Maryland is an especially friendly environment for marginalized entrepreneurs—in 2018, the state had the most female- and minority-owned businesses per-capita of any state in the nation. Next, apply for a business credit card.

Credit and Collections 52

Credit and Collections Credit Scoring Small Businesses 52

Fundera

MARCH 30, 2018

The beauty of most cloud-based accounting software is that they connect to your business bank accounts and business credit card records and import them automatically, which reduces the likelihood that you’ll miss something. Credit card receipts and statements. Step 2: Don’t forget those non-cash transactions!

Small Businesses 76

Small Businesses Deductions Credit and Collections Transactions 76

Fundera

DECEMBER 29, 2018

Whether you’re collecting contact information from customers or storing payment and banking data for billing purposes, it’s highly likely that your business will at some point collect sensitive personal and banking data from your clients. Doing this, however, can attract a different kind of customer to your business: cybercriminals.

Credit and Collections 40

Credit and Collections Cybersecurity Transactions Small Businesses 40

Fundera

APRIL 8, 2019

Photo credit: IRS.gov. Prior to April 16, 2018, an unpaid tax lien would appear on your personal credit report for up to 10 years. Fortunately, tax liens no longer appear on personal credit reports. A business tax lien can show up on your business credit report and affect your business credit score.

Deductions 73

Deductions Credit and Collections Credit Scoring Small Businesses 73

Fundera

OCTOBER 5, 2018

Social security and Medicare taxes (collectively called FICA taxes) that you withheld from your employees’ paychecks. Adjustments for tips, sick pay, and business tax credits. The 2018 rate for social security tax is 12.4%, evenly divided between employer and employee. EFTPS, U.S. Department of the Treasury.

Credit and Collections 61

Credit and Collections Deductions Small Businesses Insurance Companies 61

Fundera

FEBRUARY 7, 2020

Interestingly, Anytime Fitness doesn’t collect monthly fees based on sales totals; rather, franchisees pay a flat monthly fee of $699, which makes ongoing costs easier to plan for. . However, you will need $500,000 in total net worth, $150,000 in liquid assets, and good credit for your application to be considered. million.

Credit and Collections 92

Credit and Collections Small Businesses 92

Fundera

MARCH 30, 2019

s number one brand value spot for 2018. Because of customer preference, mailing a paper invoice and collecting a paper check might be your only option for some clients. They enter in their credit card information (or, with a site such as Amazon, it’s already saved) and complete the checkout. Listen to Your Customers.

Credit and Collections 53

Credit and Collections Transactions Small Businesses 53

Fundera

APRIL 19, 2018

Thanks to something called “EMV technology,” you’ve likely received new credit and debit cards in the mail sporting simple silver squares. Along with the futuristic look they add to any blasé black-striped credit card (nice!), And that credit card compliance law, too—also known as EMV compliance law.

Credit Card Companies 75

Credit Card Companies Credit and Collections Transactions Small Businesses 75

Fundera

FEBRUARY 3, 2018

Fundbox doesn’t directly collect funds from your customers, so you maintain total control of your customer experience. FICO Credit Score: Fundbox doesn’t check your credit score. No credit check, just going on the health of the business from an analysis of my bank account. Profitability: No. Personal Guarantee?:

Credit Scoring 49

Credit Scoring Credit and Collections Small Businesses Bankruptcy 49