RMAi Blog

OCTOBER 29, 2024

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

Cybersecurity 130

Cybersecurity 130

Your Virtual Credit Manager

OCTOBER 29, 2024

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.

Past Due Invoices 100

Past Due Invoices Credit and Collections Collector Default 100

Chaser

OCTOBER 29, 2024

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.

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Accounts Receivable (AR) Credit Management 105

Waystar

OCTOBER 29, 2024

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

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TreviPay

OCTOBER 29, 2024

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.

Transactions 102

Transactions 102

Biz2X

OCTOBER 29, 2024

Reading Time: 4 minutes AI and Generative AI Use Cases in Banking Artificial intelligence (AI) is integrated into most functional processes today, including banking. As technology advances, so do the available artificial intelligence applications. Generative artificial intelligence, or GAI, is becoming a common tool in the banking and finance industries, but not without controversy.

Credit Unions 52

Credit Unions Credit Scoring Transactions Small Businesses 52

SMB Commercial Lending

OCTOBER 29, 2024

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.

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Due

OCTOBER 29, 2024

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.

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Onguard

OCTOBER 29, 2024

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.

Credit Management 40

Credit Management 40

Due

OCTOBER 29, 2024

Managing small business operations can feel overwhelming, especially when you try to balance cash flow, track expenses, and handle day-to-day tasks with limited resources. These challenges can lead to rising costs and missed opportunities without the right systems. That’s why adopting the right technology is essential. Using tools that automate tasks like bookkeeping, inventory management, and project tracking can save time and cut down on unnecessary expenses.

Small Businesses 52

Small Businesses Transactions 52