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The Case for Outsourcing Collections

Your Virtual Credit Manager

Small and medium businesses (SMBs) have to deal with many of the same challenges as larger ones. A key difference (besides volume of transactions) is the lack of labor specialization. The employees of small companies tend to handle multiple responsibilities – the time devoted to each task can vary greatly as does the proficiency of the person handling those tasks.

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New Year, New Budget: a Fresh Start for Your Finances

Due

As the calendar flips to a new year, many of us are ready for a fresh start. While resolutions like hitting the gym or eating healthier often top the list, we shouldn’t forget about our finances. Despite our best intentions, many struggle to adhere to a budget. Even though most Americans budget each month, 74% to be exact , overspending remains a common issue.

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The Value of Receivables Management Association International Legislative Fund Donations

RMAi Blog

With new laws and regulations often passed at the federal, state, and local levels, the receivables management industry is ever-changing. For organizations like National Credit Adjusters , we spend quite a lot of time supporting RMAI, who is working with local policymakers and stakeholders on approaching fair and safe regulatory change , instead of embracing change for the sake of change.

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Florida man sentenced for $67 million Medicare fraud

Due

A man from Florida has been sentenced for committing an estimated $67 million in Medicare fraud claims. The Justice Department released details of the jail term for Jose Goyos, a West Palm Beach, Flordia resident. The Federal Bureau of Investigations (FBI) and the Health and Human Services Office of the Inspector General (HHS-OIG) investigated this million-dollar healthcare case.

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2025 Credit portfolio risk and balance-sheet management outlook

Abrigo

This article covers these key topics: How interest rates are shaping 2025 priorities Rate effects on economy, credit risk, allowances Banks and credit unions look to grow deposits A focus on efficiency and lower expenses Top priorities for managing portfolio risk, assets, and liabilities at banks & credit unio ns Abrigo's Advisory Services team and financial institution clients shared their expectations of key focus areas related to credit portfolio risk, ALM, and other topics.

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Preparing for 2025: Key Trends & Predictions in Medical Collections

RevCycle

As healthcare providers navigate the evolving landscape of medical collections, staying informed about emerging trends and potential regulatory changes is crucial. In 2025, a strategic approach to collections, leveraging technology and focusing on patient relationships, will be essential for having efficient, quality and performance improvement in your revenue cycle management.

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RMAI Update December 2024

RMAi Blog

In This Update Earlier this month, RMAI leadership traveled to Washington, DC, to engage in a series of strategic meetings with industry partners, policymakers, and regulators. Below is a summary of the discussions and outcomes: Collaboration with ACA and NCBA Leadership RMAI President Brett Soldevila, Executive Director Mike Becker, General Counsel & Sr.

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Eight New Year’s Resolutions to Improve your Commercial Credit Management in 2025

Credit Management Group UK

2025 could be the year for your business to improve and grow, however this relies heavily on how effectively your commercial credit management runs. Therefore, at CMG UK, we have compiled a list of New Years resolutions for your to carry forward into 2025 for the benefit of your business. Improving your commercial credit management in 2025 1. Start as you mean to go on Put a detailed strategy in place for your commercial credit management before Christmas so you can hit the ground running when y

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What is elder financial exploitation? FinCEN guidance for financial institutions

Abrigo

This article covers these key topics: What constitutes elder financial exploitation and why it may be increasing Financial institutions should be familiar with these red flags of elder abuse Enhancing AML programs to account for elder financial exploitation will help Following FinCEN guidance, utilizing fraud detection software, and reporting are crucial Combat elder financial exploitation with tips from FinCEN Demographic considerations and the vulnerabilities of old age put financial instituti

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Navigating the Hidden Costs of Business Decisions: The Crucial Role of Opportunity Cost

Accounting Department

In the dynamic world of entrepreneurship and business management, every decision you make can significantly impact your business's trajectory. Whether it's choosing between investing in new technology or expanding your product line, the choices are endless and often complex.

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Legal Protection in B2B Sales: The Power of Contracts

Enterprise Recovery

In B2B sales, a signed contract is of immense sanctity. It serves as the cornerstone for ensuring security and trust between business partners. These contracts provide a clear framework for the business relationship, outlining the rights and obligations of each party involved. This assurance is invaluable in fostering a stable and reliable partnership, as it minimizes the risk of disputes and misunderstandings.

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Member Alert: RMAI Award Nominations Are Now Open Through January 8, 2025

RMAi Blog

Awards Will Be Presented at the 2025 Annual Conference Nominate an Industry Leader for the Bud Reitzel Award Considered one of the industrys founding fathers and a mentor to so many in the industry, Bud Reitzel brought integrity, innovative thinking, and passion to the industry he helped create. The values Bud instilled at Asset Acceptance and impressed on those with whom he did business are put into practice every day by thousands of industry professionals who knew him, or who work for those wh

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Do Multiple Car Loan Applications Hurt Your Credit?

CreditStrong for Business

Each time you apply for a new revolving account like a credit card, your lender will initiate a hard credit check. That adds an inquiry to your credit report, which can take points off your credit score. If you apply to multiple credit cards at once, youll undergo a hard pull each time. However, thats not always the case with installment debt like a personal loan.

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Celebrating a decade of Chaser: teamwork, strategy, and fun

Chaser

This October, the Chaser team gathered in Serbia for an offsite to reflect on the companys 10-year milestone and celebrate as a team. The event blended strategy, team bonding, and celebrations, all underpinned by Chasers core values: Care, Courage, Candor, and Celebration.

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AccountingDepartment.com Gears Up for its 11th Vistage ChairWorld

Accounting Department

We're happy to announce that AccountingDepartment.com is gearing up for its 11th Vistage ChairWorld event in January! As a proud National Sponsor for the last 11 years, this event holds a special place in our hearts, and we can't wait to reconnect with familiar faces and forge new connections in 2025.

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A look back at 2024: 5 trends in credit management from the past year

Onguard

The trends of today are shaping the trends of tomorrow. How has 2024 unfolded and what is expected for 2025? As this year has come to an end, we gathered a list of the top trends in credit management through the past year: Trends in credit management #1: Increasing DSO in European companies A high Days Sales Outstanding (DSO) means that it takes longer for a company to collect money from its customers after making a sale, significantly affecting its cash flow and, consequently, its smooth operat

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Aryza Partners with TransUnion to Enhance Credit and Debt Management Solutions in the UK and Ireland

Collenda

Aryza Partners with TransUnion to Enhance Credit and Debt Management Solutions in the UK and Ireland Aryza Group, a leading provider of financial software solutions, has announced a partnership with TransUnion , a global information and insights company. The partnership will leverage the strengths of both companies to offer comprehensive credit and debt management solutions across all Aryza platforms and services in the UK and Ireland, whilst keeping consumer well-being at the heart of decision

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Building expertise in credit control: Chaser’s CICM training journey

Chaser

To ensure better service to users and a deeper understanding of the challenges faced by credit control professionals, the Chaser team undertook a series of comprehensive training programs with the Chartered Institute of Credit Management (CICM) in 2024. These sessions aimed to enhance Chaser's ability to empathize with credit control professionals, refine internal processes, and shape the product roadmap in alignment with the evolving needs of accounts receivable teams.

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From Data to Decisions: How CFO Support Services Enhance Strategic Financial Planning

Accounting Department

In today's rapidly evolving business landscape, the ability to turn raw data into actionable insights is paramount for sustainable growth and success. For many organizations, especially those without the resources to maintain a full-scale finance department, CFO support services offer a critical link between data and decision-making. These services transform complex financial information into strategic plans that drive business excellence.

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The Best Accounts Receivable Reporting Software Solutions of 2025

Gaviti

The financial industry is experiencing a technological transformation that is reshaping accounts receivable management. Financial and A/R teams are increasingly adopting automation, autonomous finance, machine learning, and artificial intelligence (AI) to enhance their workflows. These advanced technologies are now seamlessly integrated into accounts receivable reporting software, playing a crucial role in optimizing A/R processes, boosting efficiency, and improving overall cash flow for busines

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How You Can Finance A Car With No Credit 

CreditStrong for Business

If you have no credit, getting a car might seem out of reach for you, but thats not entirely true. You still have options even with poor credit or no credit history. While financing a car can be more expensive with a bad credit auto loan, there are several ways that you can reduce the impact of a poor credit score. Whether you get a cosigner, improve your credit, or take advantage of special financing, you can overcome the obstacle of financing a car with no credit.

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Illegal information market Rydox shut down by federal authorities

Due

After an investigation, federal authorities have closed an illegal information market and auction site, Rydox. In addition to closing the site, several administrators operating and selling personal data have been charged. Ardit Kutleshi, 26, and Jetmir Kutleshi, 28, are currently under an extradition order from Kosovo. It is alleged that since the creation of the site in 2016, over $230,000 profit has been made by the men, and there have been 7,600 sales of personally identifiable information (P

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What is accounts receivable insurance and how does it work?

Chaser

Everything you should know about accounts receivable insurance: Learn what it is, how it works, what it includes, and the average cost range.

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The Ultimate Guide to Credit Application Checklist Spreadsheet Template: Streamline Your Credit Approval Process

Emagia

Creating a comprehensive credit application checklist spreadsheet template is essential for businesses aiming to streamline their credit approval processes and assess customer creditworthiness effectively. This guide provides an in-depth exploration of the key components, benefits, and implementation strategies for such templates. Understanding the Credit Application Checklist Spreadsheet Template A credit application checklist spreadsheet template is a structured tool that assists businesses in

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Lenovo: Steigerung des durchschnittlichen Bestellwerts um 114 % mit flexiblen Netto-Zahlungskonditionen

TreviPay

Lenovo, ein fhrender Anbieter von Hard- und Software sowie Technologielsungen, macht es vor: Mit einer flexiblen und bequemen Zahlungsoption fr Geschftskunden hat das Unternehmen seinen Umsatz gesteigert. Im Lenovo B2B-Onlineshop (Lenovo Pro) kaufen B2B-Kunden so effizient und bequem ein wie Verbraucher samt regional passgenauer Zahlungsformen fr 14 Lnder.

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Top 4 investments businesses are making in 2025

Plooto

When you scan the latest headlines, it can be challenging to find optimism on the horizon. But thats not the whole story especially when it comes for expectations around the economy.

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Asia Pacific Airlines pay $2 million to wrongly fired employee

Due

The aviation company Asia Pacific Airlines will pay more than $2 million in legal fees and damages to an employee unlawfully fired. The Department of Labor has not named the employee in question, but it was reported they had complained to senior staff members about safety concerns and refused to fly a cargo plane that they believed had an unreliable engine.

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How to Get a Business Line of Credit with Bad Credit

CreditStrong for Business

Many people have a few years of employment and personal credit history behind them before they need to finance any significant purchases. Businesses, on the other hand, often need funding most in their early years when revenues tend to be lowest. Unfortunately, these young businesses dont have much time to establish a credit history, which means they usually have a low credit score if they have any at all.

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GoCardless partners with Endava to bring the latest in bank payments to enterprise businesses

GoCardless

Strategic collaboration enables GoCardless to reach large organisations at scale

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Verbesserung der Rentabilität und Kundenbindung mit Direktabrechnungen

TreviPay

Wie ein Hotelnetzwerk Geschftsreisen mit TreviPay reibungsloser gestaltet Mit TreviPay vereinfachen Hotels den Zahlungsprozess fr Geschftsreisende massiv. Das verbessert Erfolgsfaktoren wie Aufenthaltsdauer und Buchungsfrequenz und verbessert die Kundenzufriedenheit. Viele Hotels verwenden unntig viel Zeit fr manuelle Prozesse, die automatisiert werden knnten.

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