RMAi Blog

OCTOBER 10, 2024

The Receivables Management industry mourns the loss of a true visionary, Larry Vasbinder, founder of Second Round, who passed away unexpectedly this past weekend after post-surgical complications. Larry’s legacy is one of innovation, resourcefulness and an unwavering commitment to improving the consumer experience. His absence is deeply felt. Starting his career in public accounting in 1990, Larry became a Certified Public Accountant and joined the tax department of KPMG Peat Marwick, furthering

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Eight individuals in the Eastern District of New York have been charged with participating in a $68m Medicaid fraud scheme targeting adult day care and home healthcare services. The indictment was unsealed today in Brooklyn, New York, and focused primarily on Akia Khan, who owned two social adult daycares, Happy Family Social Adult Day Care Center Inc.

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Chaser

OCTOBER 10, 2024

Receivables management can pose a range of challenges for businesses. Common pain points include late payments from customers, which disrupt cash flow and often involve time-consuming follow-ups and manual, repetitive debtor management tasks which many businesses lack the time and resources to complete.

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OCTOBER 10, 2024

TD Bank has pleaded guilty and will pay over one billion dollars to end a Justice Department investigation into violations of the Bank Secrecy Act (BSA) and money laundering. TD Bank has agreed to forfeit $452,432,302.00 and pay a criminal fine of $1,434,513,478.40, for a total financial penalty of $1,886,945,780.40. The IRS Criminal Investigation Department, the Federal Deposit Insurance Corporation Office of Inspector General, and the Drug Enforcement Administration investigated the case.

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Gaviti

OCTOBER 10, 2024

CFOs are under constant pressure to increase efficiency in operations while at the same time cutting costs, ensuring healthy cash flow. At the same time, they must be able to gather and analyze data to quickly make the right decisions that contribute to business growth. These pressures are driving them to adopt a range of autonomous finance tools, including those in accounts receivable.

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OCTOBER 10, 2024

The September jobs report, recently released, has sparked a surge in early trading of stocks. This report, which focuses on unemployment rates, has been a significant factor in the financial market’s performance. Unemployment rates have been on an upward trend since early 2023, causing concern among investors and policymakers. However, the September report brought welcome news as unemployment rates decreased, mirroring the trend observed in August.

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OCTOBER 10, 2024

You may feel intimidated when you first start investing — especially when you’re just getting started. After all, the process may seem overwhelming with so many options and the fear of losing money. However, if you focus on low-risk, high-yield investments , you can build a diversified portfolio with steady returns and minimal risk. This short guide will cover the basics of low-risk investing, explore various high-yield options, and help you create a balanced portfolio.

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OCTOBER 10, 2024

The concept of FI ( Financial Independence ) has gained a lot of attention in recent years. After all, FI promises freedom from money concerns, as well as breaking away from the daily grind. In reality, though, the hype isn’t always what it seems. So, before diving headfirst into the dream of never working again, consider the possible pitfalls.

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