Tue.Oct 29, 2024

article thumbnail

Effective Communication Strategies for Collecting Past Due Accounts

Your Virtual Credit Manager

Finding the time and resources to complete every collection activity needed to be done at the optimal time to be done is a constant challenge. Most small companies come up short because the owner or CFO have more important things to do and there isn’t a dedicated employee responsible for credit and collections. The solution involves maximizing both the efficiency and the impact of the collection activities you do perform.

article thumbnail

Is it good if your AR has decreased?

Chaser

Accounts receivable (AR) is a critical metric that reflects the financial health of a company. A decrease in accounts receivable can be a positive sign of efficient credit management practices, a strong economy, increased sales, efficient inventory management, or favorable payment terms.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Master Your Finances: Conquer Taxes, Mortgages, and More!

Due

Staying informed and tackling tax-related concerns are becoming increasingly crucial. One way is to seek professional help from leading tax relief companies specializing in resolving tax issues. Additionally, acquiring financial knowledge in mortgages, insurance, and investments is essential to navigate personal finances effectively. Top 5 Tax Relief Companies to Seek Professional Help To help you handle your tax worries, we have compiled a list of the top five tax relief firms that stand out in

52
article thumbnail

Automated prior authorization 101: How to activate staff + exception-based workflows

Waystar

It’s no secret that automation is the optimal way to manage prior authorization. When 39.7% of denials occur during prior authorization processes , automation is the only way to stay on top of volume and slash write-offs without adding staff. And the possibilities only grow when you layer on generative AI. ( See how Waystar and Google Cloud have automated the extraction of prior auth requirements from complex payer data sets , reducing the time to generate a procedural preauthorization repo

52
article thumbnail

Mitigating capital gains tax post-business sale

Due

Congratulations! If you’re reading this, you’re likely a business owner who has recently sold or plans to sell your business. This is a significant milestone that deserves recognition. However, with this achievement comes a new challenge — the massive capital gains tax bill. But don’t worry, we’re here to introduce you to a strategic investment approach designed to help you significantly reduce that tax bill.

52
article thumbnail

On Demand Webinar: How Digital Transformation Reshapes Payments for OEMs like General Motors

TreviPay

Curious how one of the world’s largest automakers is transforming B2B relationships with innovative payment solutions? Join us for an exclusive webinar featuring GM’s Lisa Coggins’ insights on blending traditional relationship management with advanced AI and automation to create unmatched customer experiences. Coggins will dive into their Fleet Consolidated Billing Program—a game-changer in fleet management that offers seamless trade credit, loyalty incentives and ERP-integrated billing.

More Trending

article thumbnail

Why TRAC Leases are Making a Comeback in 2024: A Smart Solution for Trucking Companies Facing Rising Costs and Economic Uncertainty

SMB Commercial Lending

In 2024, trucking companies are revisiting TRAC leases, with interest levels reminiscent of 2009. Here's why: Flexibility: TRAC leases allow fleet managers to buy or return equipment at term-end, providing agility to adapt to market and operational shifts. Rising Equipment Costs: With Class 8 truck prices up 20% since 2020, TRAC leases offer a way to access essential equipment without the financial strain of outright purchases.

52
article thumbnail

Strategic Credit Management: The way to positive cash flow

Onguard

Relatively little has changed over the past 25 years in the credit management profession. Yes, we now send e-mails and text messages instead of faxes and letters. Moreover, we have “fancy” systems and AI. However, in essence, outstanding receivables have not declined structurally within organisations, said Meri Nasole, at the first Onguard University event.

article thumbnail

Axiom Acquisition Ventures, LLC Successfully Completed SOC 2â„¢ Audit

RMAi Blog

Axiom Acquisition Ventures, LLC Completes SOC 2 Audit to Further its Commitment to Protecting Consumer Data Tampa, FL: Axiom Acquisition Ventures, LLC, an RMAi-certified debt acquisitions company, today announced the successful completion of its SOC 2 audit. The certification was awarded on October 22, 2024. The SOC 2 audit was conducted by leading compliance assessor A-LIGN, a technology-enabled security and compliance partner trusted by more than 2,500 global organizations to help mitigate cyb