Your Virtual Credit Manager
DECEMBER 24, 2024
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.
Abrigo
DECEMBER 26, 2024
Financial institutions' will focus on these concerns related to AML and fraud Abrigo asked financial institution clients and our Advisory Services team to identify the top issues for 2025. Heres what they said. Key topics covered in this post: Ensuring compliance with AML/CFT program requirements Enforcement emphasizes staffing Integrating AI to fight AI-generated fraud Cybersecurity and evolving fraud threats AML/CFT program compliance Among the hottest issues facing AML/CFT and fraud staff is
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RMAi Blog
DECEMBER 16, 2024
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.
Due
DECEMBER 9, 2024
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.
Abrigo
DECEMBER 20, 2024
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.
RevCycle
DECEMBER 19, 2024
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.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
RMAi Blog
DECEMBER 13, 2024
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.
Accounting Department
DECEMBER 5, 2024
In 2025, small and medium-sized businesses (SMBs) face a rapidly changing economic landscape. From navigating inflation and supply chain disruptions to adopting new technologies and meeting rising customer expectations, business owners have a lot on their plates.
Abrigo
DECEMBER 10, 2024
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
Credit Management Group UK
DECEMBER 16, 2024
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
Enterprise Recovery
DECEMBER 13, 2024
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.
RMAi Blog
DECEMBER 12, 2024
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
Accounting Department
DECEMBER 11, 2024
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.
CreditStrong for Business
DECEMBER 12, 2024
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.
Chaser
DECEMBER 18, 2024
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.
Onguard
DECEMBER 18, 2024
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
Collenda
DECEMBER 10, 2024
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
Accounting Department
DECEMBER 18, 2024
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.
Due
DECEMBER 5, 2024
Credit spreads, widely considered a reliable indicator of economic health, have been at their lowest levels since the 1990s economic boom. These spreads are a crucial measure of market confidence and economic stability, offering valuable insights into potential future market movements and recession risks. Understanding Credit Spreads Credit spreads represent the additional interest rate corporations must pay above the risk-free rate when borrowing money.
Gaviti
DECEMBER 5, 2024
Many businesses can significantly improve their cash flow by implementing more effective strategies for collections, including adopting more strategic approaches to accelerate B2B payment of invoices. One of the simplest yet most overlooked ways to enhance invoice collection is by taking a proactive approach to sending payment reminders to ensure timely follow-ups and encourage prompt payments.
Chaser
DECEMBER 20, 2024
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.
Onguard
DECEMBER 5, 2024
While fewer than 20% of strategic decisions currently leverage AI in the Dutch finance sector, this figure is projected to surge to nearly 50% within the next five years. This is according to the latest Deloitte CFO Survey , based on a sample of over 130 Dutch CFOs from various sectors. The popularity of AI has surged with tools like ChatGPT, highlighting its ability to streamline work processes for some time now.
Accounting Department
DECEMBER 12, 2024
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.
CreditStrong for Business
DECEMBER 12, 2024
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.
Gaviti
DECEMBER 18, 2024
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
Chaser
DECEMBER 18, 2024
Everything you should know about accounts receivable insurance: Learn what it is, how it works, what it includes, and the average cost range.
Plooto
DECEMBER 17, 2024
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.
Due
DECEMBER 16, 2024
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
aptic
DECEMBER 5, 2024
Like everything else in today’s fast-moving market, loan finance has become digitised. Today’s banks and lenders are moving away from traditional manual loan processes to modern loan origination systems (LOS) to meet customer and market demands for efficiency, accessibility and transparency. Managing the entire loan process in a digital platform brings many benefits, but also challenges.
Emagia
DECEMBER 23, 2024
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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