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RMAI Update August 2024

RMAi Blog

The Q&A largely focused on participant inquiries about the process of submitting medical debt rulemaking comments, the likelihood of the rule proposal surviving legal opposition, and the relevance of credit reporting. RMAI is concerned that the current exemption for credit cards is not broad enough. First Credit Union v.

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It’s Time to Send Invoices and Receive Payments Electronically

Your Virtual Credit Manager

Subscribe now The Challenge of Receiving Electronic Payments In terms of payments, for the most part we are talking about ACH debits and credits, credit cards, wires (Fedwire or SWIFT), EDI (electronic data interchange) and e-checks, which all come under the umbrella of Electronic Funds Transfer (EFT).

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Effective Strategies to Reduce Debtor Days

Know-It Global

Evaluate and improve your credit terms Begin by assessing your current credit terms and ensure they are reasonable and aligned with industry standards. Consider shortening the credit period, tightening credit limits, or implementing stricter credit approval processes. Struggling for time?

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Maximising Cashflow: Enhancing Your Credit Control Process

Know-It Global

Effective credit control is crucial for maintaining a healthy cashflow and financial stability. By implementing a well-structured credit control process, businesses can mitigate the risks associated with late payments and bad debts, ensuring a steady stream of revenue.

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Top 6 Accounts Receivable Software Providers with a Payment Portal

Gaviti

Customers should be able to pay invoices using ACH, local bank transfer, wire transfer, credit cards, and electronic funds transfer (EFT). Make better credit decisions, lower DSO, and reconcile payments with near perfection. Multiple types and methods of payments. Schedule a demo to learn more.

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3 Reasons Your Books Should Be Your #1 Off-Season Priority

Fundera

During your seasonal rush, you might be too busy to collect money from your customers who are slow to pay you. Look into the pros and cons of allowing payments by cash, check, credit card, electronic funds transfer (EFT), or PayPal, and decide which options work best for you. Help with Managing Your Receivables.

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How to Improve the Accuracy of your Cash Flow Forecast

Fundera

Because of their light management and administrative structures, small businesses can find collections a challenge. It could be via PayPal, credit card, electronic funds transfer, or e-payment services like Bill.com. Be a Diligent Collector. Maintain Your Forecast.