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RMAI Update September 2024

RMAi Blog

In This Update With less than two months before the November elections, an air of uncertainty lingers throughout Washington. Regardless of the outcome in the U.S. House and Senate elections, current Members of Congress will hold a lame duck session that could be filled with activity. We’re likely to see utilization of the Congressional Review Act (CRA), an oversight tool that Congress can use to overturn final rules issued by federal agencies.

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Techniques for Managing Outstanding Invoices Efficiently

Enterprise Recovery

Outstanding invoices can be devastating to businesses of any size. The ripple effects of unpaid invoices can lead to cash flow problems, making it difficult to cover operational costs, pay employees, or invest in growth opportunities. Small businesses often lack the financial cushion that larger enterprises might have. However, even large corporations are not immune; accumulating unpaid invoices can disrupt financial planning and hinder strategic initiatives.

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Nevada man convicted for his part in a $11.2M COVID-19 scam

Due

A man from Nevada has been convicted of a fraud scam involving $11.2M in COVID-19 pandemic relief funds intended to help small businesses. The person at the heart of the fraud case, Meelad Dezfooli, was prosecuted by Trial Attorneys D. Zachary Adams and Taylor G. Stout of the Criminal Division’s Money Laundering and Asset Recovery Section (MLARS) and Assistant U.S.

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Debunking The Myths Around Outsourced Accounting Services

Accounting Department

Accurate accounting is at the heart of business success. Whether you're a budding startup or a seasoned enterprise, effective financial management significantly impacts your ability to make informed decisions, strategize for growth, and comply with regulatory requirements.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Try our new Recruitment – Get paid for back Door Hiring live online training course.

Credit Management Group UK

We have recently introduced three new live online training courses. Our first one we would like to introduce is specifically for the recruitment industry. There is currently and introductory offer of £99 + vat. Recruitment- get paid for Back door hiring Who will benefit? The course would be most beneficial for Account managers and credit control employees in the recruitment sector What the course will cover?

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Global GDP Themes and Forecasts

Loomis Sayles Credit Research

At this point in the third quarter of 2024, the global economy continues to expand; however, the rate of growth has slowed modestly. Our analysts still believe inflation is likely to fall further, even though the pace of disinflation eased significantly over recent months. Turning to global politics, we believe uncertainty related to elections could be a source of volatility across developed and emerging markets.

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Department of Labor brings case against corporation for jeopardizing millions of dollars in retirement investments

Due

The U.S. Department of Labor has brought a case against Dr. Robert B. Pamplin Jr. and R.B. Pamplin Corporation for jeopardizing millions of dollars in retirement investments. The case was filed in the U.S. District Court for the District of Oregon and was tabled as a direct breach of the Employee Retirement Income Security Act of 1974 (ERIA). From 2019, the plan unlawfully gained more than 20 company-owned properties, but at the cost of the pension plans.

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Dynamic Forecasting is Here to Keep Business Owners Informed

Accounting Department

Experienced business leaders know that accurately predicting future financial outcomes is a highly complex challenge. It’s a process not to be left only to logic that is based on reviews of combined financial reports from the past.

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Tips for Getting Your Small Business Loan Approved 

biz2credit

Disclaimer: Information in the Business Financing Blog is provided for general information only, does not constitute financial advice, and does not necessarily describe Biz2Credit commercial financing products. In fact, information in the Business Financing Blog often covers financial products that Biz2Credit does not currently offer. When you need capital, getting a loan can be the … Continue reading "Tips for Getting Your Small Business Loan Approved " The post Tips for Getting Your Sma

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Benchmarking ROI with Forrester: Measuring the Success of Finance Transformation

Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!

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Highlights from the 2024 Executive Summit in New Mexico

RMAi Blog

August 6-8, 2023 in Santa Ana Pueblo, New Mexico. Attendees golfed at the iconic Twin Warriors Golf Club. The education sessions were jam packed with informative and insightful information for the attendees. Networking is a huge part of every Executive Summit. The post Highlights from the 2024 Executive Summit in New Mexico appeared first on Receivables Management Association International.

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Third Circuit Reverses Hertz Postpetition Interest

Reorg Blog

A divided three-judge panel of the U.S. Court of Appeals for the Third Circuit issued an opinion affirming in part and reversing in part Judge Mary Walrath’s decisions denying Hertz noteholders’ claims for postpetition interest at the contract rate and make whole premiums.

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Trio charged by the SEC for $1m insider trading 

Due

The Securities and Exchange Commission (SEC) has charged a former financial consultant, his father, and two close friends with $1 m in insider trading. Federico Nannin made the decisions alongside his friends and family ahead of MasTec Inc.’s pending acquisition of Infrastructure and Energy Alternatives, Inc. (IEA). Nannin was a consultant working with a financial firm, IEA was a client of this firm, and where he got the information to feed back to his accomplices, said the SEC.

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How Much Of A Business Loan Can I Get? 

CreditStrong for Business

Whether you’re looking to cover a short-term supply purchase or you’re financing a long-term expansion, there’s a business loan that can help you through it. You likely already have a specific number in mind, but you’re not exactly sure if you’ll get approved for it. When setting your company up for success, choosing the right type of loan is essential to getting the funding amount you need.

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What is an SBA Line of Credit? 

biz2credit

Disclaimer: Information in the Business Financing Blog is provided for general information only, does not constitute financial advice, and does not necessarily describe Biz2Credit commercial financing products. In fact, information in the Business Financing Blog often covers financial products that Biz2Credit does not currently offer. Small businesses have many funding options available to them, from … Continue reading "What is an SBA Line of Credit?

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Announcing Free Cash Withdrawals at Millions of ATMs Worldwide

NorthOne

We’re excited to share that NorthOne customers can now use just about any ATM in the world without worrying about third-party fees. While NorthOne has never charged for cash withdrawals, The post Announcing Free Cash Withdrawals at Millions of ATMs Worldwide appeared first on North One Blog.

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Third Circuit Reverses Hertz Postpetition Interest, Make Whole Decisions; Holds Noteholders Entitled to Contractual Interest, Redemption Premiums Under Absolute Priority Rule in Solvent Cases

Reorg Blog

The post Third Circuit Reverses Hertz Postpetition Interest, Make Whole Decisions; Holds Noteholders Entitled to Contractual Interest, Redemption Premiums Under Absolute Priority Rule in Solvent Cases appeared first on Reorg.

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Best halloween promotion ideas for BigCommerce B2B stores

Grit

Halloween offers a fantastic opportunity for businesses, including B2B stores, to increase sales. By using creative and targeted Halloween promotion ideas , B2B stores can attract more customers and strengthen relationships with existing clients. In this guide, we’ll explore why Halloween promotions are important and how they can benefit your B2B store.

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How Hard Is It to Get a Business Loan?

CreditStrong for Business

Qualifying for a business loan can be challenging, especially if your business is relatively new. But even for startups, there are some loan options available that are easier to obtain than others. If you’re looking to apply for a business loan, here’s what to know about the factors that lenders consider and how the requirements can vary based on the type of loan. 6 Factors Affecting Business Loan Approval Getting a small business loan is different from getting a loan for personal us

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How to Get Working Capital as a Small Business

biz2credit

Every business needs working capital. A healthy amount of working capital enables a small business owner to meet their daily operational expenses and have some cash flow cushion in the event of a financial emergency or unexpected expenses. On the other hand, a lack of working capital threatens a small business’s long-term health. Here, we’ll … Continue reading "How to Get Working Capital as a Small Business" The post How to Get Working Capital as a Small Business published first on.

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Announcing Free Cash Deposits at 90,000+ Stores Nationwide

NorthOne

We’re excited to share that NorthOne customers can now deposit cash into their accounts at over 90,000 stores across the country, including popular locations like Walgreens, CVS, Walmart, and 7-Eleven. The post Announcing Free Cash Deposits at 90,000+ Stores Nationwide appeared first on North One Blog.

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Credit manager to shift “from operation to strategy” amid AI, say 55% of finance professionals 

Onguard

Download the research Despite AI presence in the current work routine, experts seem to agree that the need for technology oversight and maintaining customer relationships in the finance sector makes human involvement always relevant. For example, over half of finance professionals in the Netherlands (55,5%) expect the role of the credit manager to focus more on strategic advice and less on operational tasks in the coming years.

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Decoding economic trends in uncertain times

Due

The current economic climate has been a topic of intense discussion and speculation. Many wonder if we are heading toward a recession with the economy slowing down and the stock market trading at high multiples. This article aims to provide an in-depth analysis of the current state of the economy and the stock market, shedding light on potential future trends and offering guidance on navigating these uncertain times.

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How to Apply for an SBA Loan

CreditStrong for Business

SBA loans , which are partially guaranteed by the Small Business Administration, can be an excellent way to get the funding you need for your business. They often come with low-interest rates and favorable repayment terms. That said, the application and approval process can take several weeks or even months. Knowing how to apply for an SBA loan before you get started can help you ensure everything is in place to submit your application and potentially save some time.

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Understanding Small Business Survival and Failure Rates

Lendio

Starting a small business is an exciting venture, filled with dreams of success and the desire for autonomy. However, the stark reality is that not all businesses survive the test of time. According to the U.S. Bureau of Labor Statistics (BLS) , about 24.2% of U.S. businesses fail within their first year of operation. Understanding the factors contributing to these survival rates can help aspiring entrepreneurs prepare better and increase their chances of longevity in a competitive landscape.

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Top cyber monday marketing ideas to consider for B2B businesses

Grit

As the holiday shopping season approaches, B2B companies shouldn’t miss out on the Cyber Monday chance. While traditionally associated with B2C retail, Cyber Monday presents a unique opportunity for B2B businesses to boost sales, engage clients, and stand out in a competitive market. In this post, we will explore top Cyber Monday marketing ideas tailored specifically for B2B companies, helping you maximize this digital shopping event and drive year-end revenue growth.

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District Court Questions Invesco’s Irreparable Harm Claims During Arguments Over Continued Stay of Robertshaw Sale Pending Appeal

Reorg Blog

The post District Court Questions Invesco’s Irreparable Harm Claims During Arguments Over Continued Stay of Robertshaw Sale Pending Appeal appeared first on Reorg.

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The Psychological Impact of Inflation on Consumer Behavior

Due

Inflation creeps into every corner of your life, from the prices at the grocery store to the balance in your savings account. It’s a reality that can make you anxious about your financial future. While the broader economy is out of your control, you can take steps to protect yourself from the psychological impact of inflation. The Anxiety of Inflation When prices start sneaking up, it’s natural to feel concerned.

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How to Use an SBA Loan to Buy a Business

CreditStrong for Business

If you’re looking to acquire another business in order to grow yours, it may be worth it to consider using an SBA loan. Using an SBA loan to buy a business can give you affordable interest rates and reasonable repayment terms. Before you get started, it’s important to prepare yourself for the process, take the time to make sure you’re eligible and confirm that it’s a good fit for your needs.

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Bankwell Financial Group Selects Lendio Intelligent Lending to Facilitate Instant SBA 7(a) Loan Offers

Lendio

LEHI, UTAH – Sept. 12, 2024– Bankwell Financial Group, Inc. (NASDAQ: BWFG) announced a strategic partnership with Lendio. It will leverage Lendio’s Intelligent Lending platform to source, underwrite, and provide instant SBA 7(a) loan offers to business loan applicants. Bankwell will also leverage Lendio’s digital loan application to offer loans to Bankwell’s existing depositors, new loan applicants, and some of Bankwell’s partner-sourced customers.