Your Virtual Credit Manager
JANUARY 14, 2025
The United States has witnessed a significant surge in corporate bankruptcies, reaching a 14-year high in 2024. Business bankruptcy filings increased by 33.5% during the 12-month period ending September 30, 2024. This trend has been driven by a combination of factors, including rising interest rates, persistent inflation, higher labor costs, and shifts in consumer spending patterns following the pandemic.
RMAi Blog
JANUARY 9, 2025
RMAI extends its thoughtsof supportto allof those affected by the wildfires in Los Angeles. RMAI recommends all members temporarily suspend collection calls and communications to consumers in Los Angeles County. Information on the impact of the Los Angeles wildfires can be found on the City of Los Angeles Emergency Management Department. To find out more about all disaster declarations, visit the FEMA website.
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Your Virtual Credit Manager
JANUARY 7, 2025
How was your accounts receivable (AR) performance last year? This is a very important question because AR is typically one of the top two or three largest assets for a B2B vendor. The primary way most companies measure AR performance involves looking at the Days Sales Outstanding (DSO) metric. Accelerating sales can increase DSO, but most often the cause is problems in the order-to-cash (O2C) pipeline affecting collections.
Gaviti
JANUARY 7, 2025
A proactive B2B payment reminder sent before the due date is the most effective method for ensuring timely payment of invoices. Even so, businesses sometimes arent able to pay on time for a variety of reasons. Sending a payment reminder for business helps ensure that clients are aware that a due date has passed and that the invoice is outstanding. In certain cases, youll also need to follow up with a past due invoice email.
Accounting Department
JANUARY 7, 2025
The role of financial strategy in business success has never been more apparent. With increasing financial complexities, regulatory challenges, and an unpredictable economic environment, small and medium-sized businesses (SMBs) are discovering the critical value of CFO support services.
Credibly
JANUARY 10, 2025
Table of Contents Can you get a business loan with no credit check? The pros and cons of a small business loan with no credit check Business loan options with low credit score requirements Borrowing with Credibly and our low credit score requirements Explore your flexible financing options Looking for business loans with no credit check? Most lenders will perform credit checks to assess creditworthiness, however, how your credit is weighted on the application will vary based on the type of le
RMAi Blog
JANUARY 7, 2025
5x Winner Best Places to Work in Collections and Now Named One of Americas Best Workplaces by Best Companies Group St. Louis, MO January 6th Already named a Best Place to Work in Collections for five consecutive years, Credit Control, LLC is proud to be recognized as one of Americas Best Workplaces. Best Companies Group has named Credit Control, LLC a recipient of the inaugural Americas Best Workplaces in 2025 Award, which identifies and honors the best places of employment across the United St
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Loomis Sayles Credit Research
JANUARY 13, 2025
Over the past year, headlines about creditor-on-creditor violencesituations where different creditor groups clash over restructuring termshave dominated the conversation in leveraged finance. While these high-profile disputes make for compelling stories, they represent just one component of a broader and more significant trend: the rise of liability management exercises (LMEs).
Chaser
JANUARY 13, 2025
Accounts receivable factoring is a financial transaction where a business sells its outstanding accounts receivable to a third-party factoring company at a discount.
Credibly
JANUARY 9, 2025
Table of Contents How to start a business as a freelancer Business models to consider Top 6 tips: How to create a scalable business model as a freelancer How to get financing as a business freelancer Take the next step to create a scalable, profitable future As a freelancer, you find ways to do more with lessmore clients, more revenue, and more impact, all without massively increasing your costs or workload.
Accounting Department
JANUARY 9, 2025
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.
Due
JANUARY 14, 2025
A Carolina produce grower has been instructed to pay $132,000 to six hundred workers. Titan Fruit & Vegetable Co. Inc. has been found to have violated H-2A program regulations by illegally deducting money from its employees’ wages for political donations and cleaning fees. The company has also been given a further $2,850 in civil penalties.
Loomis Sayles Credit Research
JANUARY 10, 2025
1. Whats your overall view of the high yield market as we enter the year? High yield bond investors have enjoyed a good run over the past couple of years, thanks to attractive all-in yields, tightening spreads and broadly stable credit fundamentals. Looking ahead, the fundamental picture continues to look solid, supported by a positive earnings backdrop and a resilient US economy.
Chaser
JANUARY 13, 2025
An accounts receivable journal entry is a critical component of the accounting process for businesses that extend credit to their customers. This journal entry records the sale of goods or services on account and the corresponding increase in accounts receivable.
Credit Tools
JANUARY 7, 2025
Le credit management, pilier discret mais essentiel du transport, assure la fluidit des flux financiers face aux dfis rglementaires et oprationnels, garantissant rentabilit et stabilit.
JNI Commercial Lending
JANUARY 8, 2025
Discover how factoring can transform your small business finances in 2025 through faster funding, enhanced cash flow, and credit-free solutions. Navigating the convoluted world of business financing can often feel like a maze with no clear exit. With credit scores as gatekeepers and rigid lending criteria as roadblocks, small businesses, startups, and finance managers frequently […] The post Factoring in 2025: The Financial Sidekick Your Business Needs appeared first on JNI Commercial Lend
Enterprise Recovery
JANUARY 10, 2025
As accounts receivable (A/R) become delinquent, your business expenses could fall behind. With every late-paying client, cash flow for payroll, rent, or other vendors falls short, threatening your company's bottom line and growth. The effectiveness of your A/R department may be one of the most important measurements to determine the success of your business.
Plooto
JANUARY 7, 2025
According to our recent survey, over 500 Canadian business owners, accountants, and financial professionals are optimistic about the economy in 2025, with 81% expecting stability or improvement. Reflecting this optimism, businesses are not scaling back; instead, theyre prioritizing technology investments to drive growth and efficiency. In fact, 60% of Canadian businesses plan to increase their use of fintech to replace manual tasks and fuel strategic initiatives.
RMAi Blog
JANUARY 10, 2025
The Certification Council is proposing edits to the Receivables Management Certification Program (RMCP). The Council is required to perform a review of certification program standards at least annually to ensure the program reflects evolving industry best practices, input from key stakeholders and communities of interest, areas of Council concern, and recent regulatory and statutory changes.
Due
JANUARY 7, 2025
A Florida woman has been sentenced for laundering millions of dollars made from romance scams. Cristine Petitfrere, a resident of Miramar, Florida, was sentenced to 30 months in prison after a lengthy FBI Miami Field Office investigation. Trial Attorneys Matthew A. Robinson and Lauren M. Elfner of the Civil Divisions Consumer Protection Branch prosecuted the case.
Onguard
JANUARY 14, 2025
When starting your career as a pedagogist and a dance teacher, you dont expect to end up excelling in B2B sales. But these two might not be so far apart. For Natascha, the link is clear: persuasion and instilling enthusiasm. This is her story. She has been working at Onguard for 24 years, she loves philosophy and art, and she is Onguards go-to person for sustainability, a former active member of the work council, the organisations Unicef project team member, and a gender diversity advocate.
TreviPay
JANUARY 14, 2025
Der B2B-E-Commerce-Markt steht vor einem explosiven Wachstum. Prognosen zufolge wird er bis 2028 mehr als dreimal so gro sein wie der B2C-Markt eine goldene Chance fr Einzelhndler, die bereit sind, ihre Strategie anzupassen. Doch wie knnen Unternehmen dieses enorme Potenzial fr sich nutzen? Die B2B-Herausforderung verstehen B2B-Kufer sind heute anspruchsvoller denn je.
Cpcmcredit Blog
JANUARY 14, 2025
Kier Starmer has signalled that the UK is going to invest with the intention of becoming a world leader in AI. This is of course welcome and arguably very necessary. We are also in a good place to take a lead with world class universities and a environment and culture which can attract the top talents from around the world. These factors are vital A key factor is the freedom to develop in the way this country sees fit.
RMAi Blog
JANUARY 14, 2025
Jan. 14, 2025 Maurice Wutscher LLP has been ranked in the Chambers USA Spotlight Guide: New York and recognized as a top firm handling high-quality litigation work, one of only 44 law firms to be recognized in its category. In its assessment, Chambers and Partners found that Maurice Wutscher evidenced significant expertise, caliber of talent and experience serving a range of clients in the market.
Due
JANUARY 14, 2025
Three Russian nationals have been charged with money laundering for their part in the cryptocurrency mixing services Blender.io and Sinbad.io. The accused, Roman Vitalyevich Ostapenko and Alexander Evgenievich Oleynik, were on the receiving end of an indictment returned by a federal grand jury in the Northern District of Georgia. The third man at the heart of the money laundering charges, Anton Vyachlavovich Tarasov, remains at large.
TMC Financing
JANUARY 10, 2025
The U.S. Small Business Administration (SBA) offers low-interest disaster loans to help California businesses, nonprofits, homeowners, and renters recover from the devastating effects of wildfires. These loans provide vital support to repair damages, replace assets, and stabilize operations.
CreditStrong for Business
JANUARY 10, 2025
Auto debt is at record levels in the United States with Americans owing more than $1.5 trillion on their car loans. A car is a necessity for most people and few people can afford to make a lump sum payment to buy one, so it makes sense that most people turn to auto loans. If you have an auto loan and youre thinking about paying it off early, its important to know both the benefits and disadvantages of paying off a car loan early.
Cpcmcredit Blog
JANUARY 13, 2025
Firstly there is clearly going to be some element of gloating over the embarrassment for Alastair Campbell over the collapse of his son’s betting syndicate, not least because he was hardly detached from the goings on. I will confess that Alastair Campbell isn’t a figure I’ve warmed to. Not because of political differences (they are minor) but he comes across as somewhat arrogant condescending and humourless Now that that is out of the way, we can look at some details Firstly it
RMAi Blog
JANUARY 10, 2025
In an effort to advance RMAIs advocacy efforts, Jay Singh was brought into the newly created position of Legislative & Public Relations Specialist. Jay Singh, Legislative & Public Relations Specialist. Jay works directly with David Reid, General Counsel & Senior Director of Government Affairs, on things like medical debt, monitoring legislations, and offering ideas on how to advocate to change legislators positions on bills on a widescale level in all 50 states.
Due
JANUARY 14, 2025
January isn’t just for making New Year’s resolutions; it’s also the perfect time to assess your financial situation and set a sound financial foundation. As such, contacting your financial advisor early in the year (now!) can ensure you stay on track. However, preparation is of the utmost importance to maximize the value of this crucial meeting.
TreviPay
JANUARY 7, 2025
The future of B2B payments is here. As global eCommerce surges toward $3 trillion by 2027, businesses must adapt to stay competitive. TreviPays “6 B2B Payment Predictions for 2025” offers a strategic look at the trends, challenges and opportunities reshaping the B2B payments landscape. From localized payment solutions and AI-powered automation to the evolution of buyer expectations, this report delivers actionable insights to help your business thrive in a rapidly changing market.
CreditStrong for Business
JANUARY 10, 2025
You can apply for an employer identification number (EIN) for your small business directly with the IRS. An EIN is a nine-digit number that identifies your business for tax and credit purposes, along with other reasons. It’s similar to a Social Security number for individuals but is instead for businesses. While getting an EIN is optional for some small business owners, it’s important to have one if you want to build your business credit history.
Cpcmcredit Blog
JANUARY 8, 2025
I’ve been a little negligent in not picking up this stor y before. Essentially Atherton Corporate offered a scheme whereby directors of failing companies could be replaced by one of their directors thus releasing the present director from any connection their company’s debts Clearly this was a loophole within the system and naturally enough HMRC moved quickly to clamp down.
RMAi Blog
JANUARY 14, 2025
In This Update Last week the CFPB released its final rule on removing medical debt from credit reports. The final rule defines medical debt information as medical information that pertains to a debt owed by a consumer to a person whose primary business is providing medical services, products, or devices, or to such persons agent or assignee, for the provision of such medical services, products, or devices.
Due
JANUARY 13, 2025
The commissioner of the Virgin Islands Department of Sports, Parks, and Recreation (SP&R) and an alleged accomplice have been charged with federal program bribery and wire fraud. According to a recent court report in St. Thomas, the case involves Commissioner Calvert White and a local Virgin Islands businessman, Benjamin Hendricks, who was involved in an elaborate bribery scheme.
Due
JANUARY 13, 2025
Choosing how to ensure financial stability and security in your later years is one of the most important decisions you can make when planning for retirement. An annuity , however, can be essential in achieving this goal. With annuities, you can provide your retirement savings with a steady income stream, making them a valuable addition. This article will explore how annuities can contribute to your retirement strategy.
Due
JANUARY 13, 2025
The stock market faces a pivotal week with three significant economic indicators poised to influence market direction throughout the year. The technology sector has experienced notable declines as investors brace for these crucial reports. Producer Price Index (PPI) Analysis The first significant indicator, the Producer Price Index (PPI), measures price changes from the perspective of sellers and manufacturers before products reach consumers.
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