Your Virtual Credit Manager

JANUARY 7, 2025

How was your accounts receivable (AR) performance last year? This is a very important question because AR is typically one of the top two or three largest assets for a B2B vendor. The primary way most companies measure AR performance involves looking at the Days Sales Outstanding (DSO) metric. Accelerating sales can increase DSO, but most often the cause is problems in the order-to-cash (O2C) pipeline affecting collections.

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

RMAi Blog

JANUARY 7, 2025

5x Winner Best Places to Work in Collections and Now Named One of Americas Best Workplaces by Best Companies Group St. Louis, MO January 6th Already named a Best Place to Work in Collections for five consecutive years, Credit Control, LLC is proud to be recognized as one of Americas Best Workplaces. Best Companies Group has named Credit Control, LLC a recipient of the inaugural Americas Best Workplaces in 2025 Award, which identifies and honors the best places of employment across the United St

Credit and Collections 130

Credit and Collections 130

Accounting Department

JANUARY 7, 2025

The role of financial strategy in business success has never been more apparent. With increasing financial complexities, regulatory challenges, and an unpredictable economic environment, small and medium-sized businesses (SMBs) are discovering the critical value of CFO support services.

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Gaviti

JANUARY 7, 2025

A proactive B2B payment reminder sent before the due date is the most effective method for ensuring timely payment of invoices. Even so, businesses sometimes arent able to pay on time for a variety of reasons. Sending a payment reminder for business helps ensure that clients are aware that a due date has passed and that the invoice is outstanding. In certain cases, youll also need to follow up with a past due invoice email.

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Past Due Invoices Invoice Amount Payment Portals Credit and Collections 52

Credit Tools

JANUARY 7, 2025

Le credit management, pilier discret mais essentiel du transport, assure la fluidit des flux financiers face aux dfis rglementaires et oprationnels, garantissant rentabilit et stabilit.

Credit Management 40

Credit Management 40

Plooto

JANUARY 7, 2025

According to our recent survey, over 500 Canadian business owners, accountants, and financial professionals are optimistic about the economy in 2025, with 81% expecting stability or improvement. Reflecting this optimism, businesses are not scaling back; instead, theyre prioritizing technology investments to drive growth and efficiency. In fact, 60% of Canadian businesses plan to increase their use of fintech to replace manual tasks and fuel strategic initiatives.

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Due

JANUARY 7, 2025

A Florida woman has been sentenced for laundering millions of dollars made from romance scams. Cristine Petitfrere, a resident of Miramar, Florida, was sentenced to 30 months in prison after a lengthy FBI Miami Field Office investigation. Trial Attorneys Matthew A. Robinson and Lauren M. Elfner of the Civil Divisions Consumer Protection Branch prosecuted the case.

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Due

JANUARY 7, 2025

Real estate investors seeking to minimize capital gains tax exposure while simplifying their investment strategy now have access to a streamlined alternative to traditional 1031 exchanges. This approach offers tax deferral benefits without the common challenges associated with direct property ownership. Traditional 1031 Exchange Challenges The conventional 1031 exchange process presents several significant hurdles for property investors: A strict 45-day window to identify replacement properties

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RMAi Blog

JANUARY 7, 2025

The CFPB has released its Final Rule on removing medical debt from credit reports. RMAI is still reviewing the 345-page rule but has prepared the below summary. The CFPB finalized its definition of medical debt information in 1022.3(j) [located on page 340], as medical information that pertains to a debt owed by a consumer to a person whose primary business is providing medical services, products, or devices, or to such persons agent or assignee, for the provision of such medical services, prod

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Medical Billing Transactions 130

Due

JANUARY 7, 2025

The new year is here, so it’s time to reassess your financial goals and establish resolutions for a secure retirement. After all, whether you’re decades from retirement or just a few years away, making intentional financial decisions now will pay dividends later. To ensure a secure retirement , here are the top 10 financial resolutions and tips for sticking to them throughout the year. 1.

Credit Scoring 52

Credit Scoring Deductions 52