Accounting Department

OCTOBER 30, 2024

In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.

Small Businesses 77

Small Businesses 77

Due

OCTOBER 30, 2024

There is so much data out there that the sheer volume could potentially sway markets and influence investment decisions. All of it makes strategic decisions harder to identify. This article aims to provide an in-depth analysis of the five key events investors should know in the coming days. These events, from GDP reports to presidential elections, will significantly impact the economy and financial markets.

52

52

CreditStrong for Business

OCTOBER 30, 2024

When you’ve applied for a loan or credit card and gotten denied, you’re given reasons for the denial that are sometimes confusing to understand. And finding derogatory marks on your credit report can feel like a gut punch, especially if you weren’t aware of any issues. While too few accounts paid as agreed might mean that you’re behind on payments with multiple creditors, it has a more innocent meaning too.

Credit Scoring 52

Credit Scoring Credit and Collections Credit Application Default 52

TreviPay

OCTOBER 30, 2024

A successful order-to-cash (O2C) process will end with a payment. Now, how you handle that payment matters. For B2B customers, applying cash to a specific invoice or transaction is crucial for on-time payments. The driving force behind this is the customer’s ERP or A/P system. These systems have safeguards to protect companies and track their spending.

Cash Applicator 52

Cash Applicator Credit and Collections Short Pay Order to Cash 52

CreditStrong for Business

OCTOBER 30, 2024

Lenders and credit card issuers use your credit score to determine your financing terms, such as your annual percentage rate and credit limit. However, that doesn’t mean every point you gain or lose changes your results. Instead, creditors generally create offers for multiple credit score ranges known as credit tiers, and tier 1 credit is the one you want to reach.

Credit Scoring 52

Credit Scoring 52

Due

OCTOBER 30, 2024

With increasing wealth, numerous Americans are drawn to major purchases, such as second homes or boats. While these acquisitions may be satisfying in the short term, they can negatively impact one’s retirement savings. This article will delve deeper into the risks and challenges associated with such purchases and offer recommendations for securing a comfortable retirement.

52

52

Due

OCTOBER 30, 2024

While planning for retirement, most people focus on inflation as the primary threat to their retirement savings. However, inflation is only one of the factors to consider. Another sometimes overlooked factor that can significantly impact our financial futures is recessions. Though less frequently discussed in the context of retirement planning, recessions don’t just affect our immediate financial situation; they can have lasting impacts on your purchasing power and the overall health of yo

52

52

Abrigo

OCTOBER 30, 2024

Increasing efficiency of compliant AML investigations To boost AML program productivity and keep pace with evolving compliance demands, financial institutions should focus on strategic operational improvements paired with the smart use of technology. Key topics covered in this post: The challenges of enhancing AML program productivity 8 Ways for financial institutions to increase the efficiency of case investigators Operational improvements & technology can increase throughput Compliance

Credit Unions 78

Credit Unions Transactions 78

CreditStrong for Business

OCTOBER 30, 2024

Adverse credit report entries generally remain for seven years; however, the negative impact should decline over time. If other reported accounts are current and remain in good standing, substantial improvement is attainable in under one year. When credit reports contain other negative entries, rebuilding will likely take several years, but remaining current on all existing accounts and seizing opportunities for establishing and building new credit can help expedite the process.

Credit Scoring 52

Credit Scoring Credit and Collections Bankruptcy Chapter 7 52

CreditStrong for Business

OCTOBER 30, 2024

The rapid rescore process is a service most commonly purchased by a mortgage lender when a prospective homebuyer’s credit score needs a slight improvement for either qualifying for a mortgage loan or securing a more favorable interest rate. A rapid rescore expedites the process of updating the consumer’s credit history, which accounts for very recent changes.

Credit Reporting Agencies 52

Credit Reporting Agencies Credit Scoring Credit and Collections Credit Card Companies 52