RMAi Blog

FEBRUARY 13, 2025

LLC, President Elect Brian Williams, Crown Asset Management, LLC, Treasurer Joe Barbito, Orbita Capital Group, LLC, Secretary Brett Soldevila, Security Credit Services, LLC, Past President Michael Cassidy, Velocity Portfolio Group, Inc., Mellisa Massey, National Credit Adjusters, Director Mark Ravanesi, TrueAccord, Director Andrew J.

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Law Firms Third Party Collections Credit and Collections Collector 130

RMAi Blog

JANUARY 27, 2025

Throughout his career, Dr. Nigrinis has managed investigations related to allegations of unfair or deceptive practices, fair lending, credit card fees, debt collections, and more. He also provided economic analysis of consumer financial regulations and policy and has extensive experience with sampling and big data.

Law Firms 130

Law Firms Credit and Collections Debt Collections 130

Your Virtual Credit Manager

OCTOBER 22, 2024

When we first think about credit risk, our minds focus on the financial status of the company in question. To manage the risk that a customer might default, companies implement credit and collection policies and procedures. Your Virtual Credit Manager is a reader-supported publication. Share Read more

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Past Due Invoices Credit and Collections Credit Card Payments Default 130

Your Virtual Credit Manager

SEPTEMBER 17, 2024

For small business executives, and many mid-sized businesses as well, managing collections effectively can be a significant challenge, particularly when time and resources are limited. To improve your collection efforts, you need to first see what is under the hood. Do you need help assessing your customers’ credit risks?

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

Your Virtual Credit Manager

NOVEMBER 28, 2023

Forecasting cash receipts from AR starts with a listing of every invoice owed you by every customer (net of any payments already made and credit memos issued). Readers of Your Virtual Credit Manager can access sharply discounted business credit reports & scores from D&B, Experian, or Equifax through our partner accredit.

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Cash Forecasting Accounts Receivable (AR) Credit and Collections Invoice Disputes 130

Your Virtual Credit Manager

NOVEMBER 14, 2023

Credit Policy is an inextricable part of a company’s Sales Policy. If you choose to sell on open credit, the terms you offer are in effect part of the price. If you discuss credit terms with a competitor, you are in violation of anti-trust statutes forbidding price fixing. What’s Right for Your Firm?

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Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

JUNE 6, 2023

People who are new to business collections are inclined to fall into one of several patterns. Seldom does a new collector appreciate the need for a balanced, holistic approach to debt collections. In time, as they become more familiar with the process of collecting, their productivity increases.

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Debt Collections Collector Credit and Collections Default 100

Abrigo

OCTOBER 21, 2024

How financial institutions deal with problem loans Problem loans are a natural outcome of the risks banks and credit unions take when lending, and they should be expected over the long run during the ups and downs of the business cycle. They would then be able to take steps to mitigate or avoid the losses as much as possible.

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Credit Unions Default Credit and Collections Credit Risk 78

Your Virtual Credit Manager

FEBRUARY 27, 2024

For a small business owner or executive, navigating credit decisions can be challenging, especially when they clash with the goals of other stakeholders within the company. It's essential, however, for everybody to recognize that credit decisions also have broader implications across various aspects of company operations.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Days Sales Outstanding Bad Debt Credit and Collections 130

Emagia

DECEMBER 19, 2024

Applying for credit can be a complex endeavor, whether you’re an individual seeking personal credit or a business aiming to establish credit lines. Understanding the Credit Application Process Before delving into the checklist, it’s crucial to comprehend the credit application process’s fundamental components.

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Credit Application Credit and Collections Credit Scoring 40

Credit Management Group UK

SEPTEMBER 19, 2023

Having an effective credit control function within your business can have a huge impact on your cash flow. Your credit control should use the most appropriate processes and procedures for yours and your customer’s business to ensure you are paid quickly and on time, as well as maintaining positive business relationships.

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Credit and Collections Credit Management 98

CreditStrong for Business

NOVEMBER 7, 2024

Credit cards and other revolving credit accounts function in a cyclical way. Car loans and other installment credit accounts involve borrowing a lump sum and repaying the balance over a predefined series of months. What is Revolving Credit? What is Revolving Credit? What is Installment Credit?

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Automobile Dealerships Credit Scoring Credit and Collections Credit Card Payments 40

SAP Credit Management

SEPTEMBER 12, 2023

This year all Data && Analytics as well as all AI presentations are taking place on Thursdays during the event. Similarly to last year, we will have presentations and tutorials for you. You can collect points for watching sessions and completing tutorials, but most exciting, we have genuinely great grand prizes this year.

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Credit Management Group UK

JUNE 16, 2024

Throughout my years in commercial credit management, I have identified several mistakes that companies make within their order to cash process; mistakes that are often very small and easily fixed; make enough of them, however, and you could find your cash flow isn’t flowing the way you would like it to.

Credit Management 101

Credit Management Credit and Collections Order to Cash Credit Risk 101

Your Virtual Credit Manager

MARCH 12, 2024

As a result, trade credit, where businesses extend financing to customers, is undergoing rapid advancements, but it also poses high risks, especially in assessing creditworthiness, dealing with economic fluctuations, and fraud. Are there past due accounts you are trying to collect? it just might help them pay you sooner!

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AR Transformation Credit and Collections Accounts Receivable (AR) Order to Cash 100

Your Virtual Credit Manager

AUGUST 27, 2024

Imagine a world where extending trade credit was completely risk-free, and granting open terms of sale to business customers required no second thought. In such an ideal scenario, every customer would have both the ability and the integrity to pay their bills in full and on time, eliminating any need for a credit management.

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Accounts Receivable (AR) Default Credit and Collections Cybersecurity 100

Your Virtual Credit Manager

JUNE 25, 2024

Rising Days Sales Outstanding DSO measures the average number of days it takes to collect payment after a sale. A rising DSO indicates that your collections are not matching the rate of new sales, and if that goes on for any length of time, your cash flow will not be able to support the volume of your current business operations.

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Bad Debt Credit and Collections DSO Days Sales Outstanding 130

Gaviti

MAY 30, 2023

How well your team handles collections determines whether you have the cash to make payroll, pay taxes, and cover other financial obligations. What Is Accounts Receivable Collections Outsourcing? A/R collections outsourcing refers to the practice of hiring another entity to manage your collections activities.

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Credit and Collections Cybersecurity Bankruptcy 98

Your Virtual Credit Manager

JUNE 27, 2023

Some have good credit, others are clear risks. Photo by Keren Fedida on Unsplash Each business customer presents a unique set of circumstances. The first evidence a business fits this persona is when their payment history — both references and credit bureau report — indicates they pay all their vendors promptly.

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Collector Credit and Collections High-Risk Accounts Accounts Receivable (AR) 26

SAP Credit Management

JANUARY 23, 2023

One is for the authentication collection and the other is a Postman Environment. For this collection, you need to have refresh_token and password. For this collection to work, you don’t need any scopes (but you must have at least one for the app to save). Within the repository are two JSONs. SAVE THESE. SAVE THESE.

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SAP Credit Management

SEPTEMBER 11, 2023

Eight partner teams, each with its unique expertise, converged to pool their collective knowledge, skills, and perspectives. With only 15 minutes, they were effective in presenting the Business Case and functioning Prototype, and later answer questions from the judges. Guided by key criteria, they eventually settled on the winners.

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Transactions 200

Due

JANUARY 3, 2023

You might get asked similar questions by lenders when you apply for loans and credit cards. To find out, they might check your credit report. What are credit reports, why are they important and what is in them? What is a Credit Report and Why is it Important? Credit Reports vs. Credit Scores.

Credit Scoring 119

Credit Scoring Bankruptcy Credit and Collections Credit Reporting Agencies 119

Your Virtual Credit Manager

MAY 7, 2024

Credit Risk: Persistent payment issues with a customer often signal credit risk, impacting a supplier's ability to secure financing or credit insurance related to the receivable in question. This can limit a supplier's capacity to extend credit to other customers. it just might help them collect faster and pay you sooner.

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Credit and Collections Credit Risk Credit Management Order to Cash 130

Your Virtual Credit Manager

OCTOBER 2, 2024

In determining the cost/benefit of any collateralization program, you must factor in the differences presented by each type of program, which include: Who owns the AR — is it sold or pledged as security? Who performs the Credit & Collection activities — you or the finance company?

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Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 130

RMAi Blog

SEPTEMBER 13, 2024

On September 5, 2024 the CFPB issued its annual Fair Debt Collection Practices Act report. The report stated that the CFPB received approximately 109,900 debt collection complaints in 2023. The number one complaint type was “attempts to collect debt not owed.”

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Collector Law Firms Credit and Collections Debt Collections 130

CreditStrong for Business

FEBRUARY 25, 2025

As you become a responsible borrower and work toward building your credit history, youll find that your credit report may sometimes contain inaccurate or outdated information that may harm your score. In this article, we show you how to clean up your credit score and improve your score quickly after the cleanup.

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Credit Scoring Bankruptcy Credit and Collections Credit Reporting Agencies 52

SAP Credit Management

JANUARY 9, 2023

The collected data were provided in CSV file. The results of the final model I presented with visualisation libraries. collect()). collect(). collect(). collect() # MODEL statistics. After testing successful connection I was ready to deep into the problem we had to solve. Understanding the challenge.

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Your Virtual Credit Manager

DECEMBER 19, 2023

Hopefully, that is why you are reading Your Virtual Credit Manager. If, however, there are unpaid invoices that have been allowed to go beyond the 90 day mark, you have a serious collection problem. In most cases (90 percent or more), we find the customer has a valid claim and deserves a credit.

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DSO Third Party Collections Credit and Collections Deductions 130

Emagia

APRIL 20, 2025

Accounts Receivables (AR) management in a large, multi-brand travel management company presents unique challenges due to the complexity, volume, and global nature of its operations. Chargebacks: Credit card chargebacks from consumers or business travelers require manual review and reconciliation.

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AR Aging DSO Accounts Receivable (AR) Credit and Collections 40

SAP Credit Management

SEPTEMBER 5, 2023

The event truly exemplified how the SAP community thrives on the collective expertise of its members. SIT Bangalore Presentation Rise with SAP: Transforming Business Landscapes: My presentation centered around the transformative concept of “Rise with SAP.”

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Lendio

DECEMBER 14, 2022

Even as a small business owner with no revenue and no credit (or bad personal credit), you might be able to find a startup business loan. Getting A Business Loan With No Credit. When you apply for a business loan, many commercial lenders will review your credit history to get a sense of how you’ve handled debt in the past.

Credit Scoring 98

Credit Scoring Credit and Collections Credit Reporting Agencies Small Businesses 98

Gaviti

DECEMBER 18, 2024

Accounts receivable reporting software refers specifically to the elements of A/R that present data and analytics in the form of an accounts receivables report. Different types of reports include an accounts receivable aging report, customer balance reports, collections performance reports, and cash flow forecasting reports.

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Collection Effectiveness Index DSO Credit and Collections Invoice to Cash 52

RMAi Blog

FEBRUARY 9, 2023

The 2023 Officers and Directors are: Anne Thomas, Cavalry Portfolio Services, President Brett Soldevila, Security Credit Services, LLC, President Elect Jon Mazzoli, Resurgent Capital Services, Treasurer Brian Williams, Crown Asset Management, LLC, LLC, Secretary Adam Parks, Plaza Services LLC, Past President Laura Jensen, Absolute Resolutions, Corp.

Law Firms 130

Law Firms Credit and Collections Debt Collections 130

Your Virtual Credit Manager

JANUARY 9, 2024

Then last week we looked at credit hold best practices. From a credit management perspective, these are largely reactive topics. In fact, once you decide to sell a customer on open credit, most of the accounts receivable (AR) management tasks that follow have a reactive component. There is nothing wrong with that.

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Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

Your Virtual Credit Manager

APRIL 11, 2023

That all the above consequences can present themselves simultaneously, only makes the downside worse. It can also be tempting for older businesses to forego the credit check when they are desperate to increase sales. If they don’t pass muster for open credit terms, there are still other options for securing or insuring payment.

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Bad Debt Credit and Collections Accounts Receivable (AR) Days Sales Outstanding 130

Your Virtual Credit Manager

JANUARY 3, 2023

Over time, AR Ledgers unfortunately tend to collect “Clutter.” Clutter can also cause new orders to be placed on a credit hold when it otherwise would have been automatically released. Share How to Clean Up Your AR Ledger Launch a collection program to collect all past due invoices at least 15 days late.

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AR Automation Collector Credit and Collections Bad Debt 130

RMAi Blog

JANUARY 25, 2023

Simmons will share his insights and interpretations of the consumer credit environment so that attendees can apply them to their specific businesses. TransUnion is also involved in the conference education program. The Keynote Address will be given by Dan Simmons, Senior Director of Consulting at TransUnion.

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Law Firms Credit Reporting Agencies Credit and Collections 130