RevCycle

OCTOBER 31, 2024

As healthcare continues to evolve, so do the complexities of managing the revenue cycle, with denial management being one of the most persistent challenges. Denial management is an essential component of healthcare revenue cycle management (RCM) because denials directly impact an organization’s financial health. From 2022 – 2024, the number of providers who said denials are increasing jumped from 42% to 77%.

Dashboards 198

Dashboards 198

RMAi Blog

OCTOBER 11, 2024

MENLO PARK, CA – Latitude by Genesys , a leading debt collection software solution, is dedicated to positively impacting the communities where its employees and executives live. Recently, Latitude donated to the Food Bank of Northeast Georgia, a non-profit organization committed to alleviating hunger and addressing food insecurity across the region.

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Collector Debt Collections 147

Your Virtual Credit Manager

OCTOBER 22, 2024

When we first think about credit risk, our minds focus on the financial status of the company in question. To manage the risk that a customer might default, companies implement credit and collection policies and procedures. Those policies and procedures, however, also need to include practices designed to mitigate the risk of fraudulent transactions.

Past Due Invoices 130

Past Due Invoices Credit and Collections Credit Card Payments Default 130

TreviPay

OCTOBER 31, 2024

Finance teams face increasing pressure to deliver faster, more accurate insights. Traditional Financial Planning and Analysis (FP&A) processes, often dependent on historical data and manual work, are struggling to keep up with modern demands. To meet these challenges, businesses are turning to AI to optimize their FP&A functions and enhance decision-making.

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Due

OCTOBER 31, 2024

Six men have been charged in a case involving an attempt to defraud the United States government and the Department of Defense (DOD). The defendants have been accused of rigging bids, defrauding the government, and paying bribes and kickbacks to sell IT products and services to federal government purchasers. This resulted in millions of dollars being overcharged to the U.S. government, including the Department of Defense (DOD), and resulted in swift action from the Justice Department.

Transactions 105

Transactions 105

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

RMAi Blog

OCTOBER 11, 2024

WEST SENECA, NY – P&B Capital Group, a third-party collection agency headquartered in Western New York, has spent a portion of Q3 in 2024 looking for organizations to support as part of its ongoing community outreach efforts. To better serve its employees and the surrounding community, P&B Capital Group has made a sizable donation to Sto Lat Strong , a Breast Cancer Research Fundraising Group.

Third Party Collections 147

Third Party Collections 147

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 103

Small Businesses 103

TreviPay

OCTOBER 17, 2024

B2B buyers, much like their B2C counterparts, are driving higher expectations when it comes to the purchasing experience. At TreviPay’s Crossroads Conference, the “Buyer Perspectives” panel explored the shifts in B2B buying behaviors, emphasizing the importance of value, relationships and technology in today’s marketplace. Moderated by Piers Gorman , the discussion featured insights from Rosilyn Richey of Viking Cruises and James Norfor of b2buy.

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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 88

Credit Unions Transactions 88

TMC Financing

OCTOBER 9, 2024

490 Small Businesses Served, Securing Over $1.8 Billion in Total Financing for Fiscal Year 2024 For the fourth consecutive year, TMC Financing is named the No. 1 U.S. Small Business. The post TMC Financing Celebrates Four Consecutive Years as the Nation’s #1 SBA 504 Lender, Breaking New Records appeared first on TMC Financing.

Small Businesses 105

Small Businesses 105

Due

OCTOBER 31, 2024

Two men have been sentenced for their part in a scheme to launder hundreds of thousands of dollars internationally. According to a Justice Department report on the case, Li Pei Tan of Georgia and Chaojie Chen, 41, a Chinese national residing in Chicago, were the pair at the heart of the international monetary fraud. It was alleged that they were the go-to people to launder tens of millions of dollars in drug proceeds on behalf of foreign drug trafficking organizations.

Transactions 97

Transactions 97

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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Accounting Department

OCTOBER 31, 2024

In the ever-evolving landscape of business, one size rarely fits all. This is particularly true when it comes to financial management. Whether you're a burgeoning startup or an established enterprise, having a firm grasp on your finances is crucial.

Small Businesses 95

Small Businesses 95

TreviPay

OCTOBER 2, 2024

Connecting the Dots in B2B Payments: Inside TreviPay’s Crossroads Conference TreviPay’s Crossroads event is more than just a conference — it’s a premier gathering for professionals in the B2B payments space, where innovation meets opportunity. This year’s event in Kansas City promises to explore the future of B2B payment solutions while addressing the most pressing industry challenges.

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Abrigo

OCTOBER 22, 2024

Say "thank you" this National FinCrime Fighter Day BSA professionals and financial crime fighters are tasked with the challenge of protecting our financial system daily. October 26 is National Financial Crime Fighter Day , and it’s the perfect time to pause and applaud everything these professionals do. Since we founded the day of recognition in 2018, it’s become an opportunity for the nation to show gratitude for FinCrime fighters’ work in the financial industry.

Credit Unions 88

Credit Unions Small Businesses Transactions 88

Gaviti

OCTOBER 27, 2024

When purchasing accounts receivable software, making the right choice is crucial for making sure your goals are met and achieving a high return on investment. There are a range of different solutions available on the current market — automated, integrated, and autonomous — that address different needs and deliver different solutions. Knowing exactly what to look for can help you make the best decision for your business needs and weed out accounts receivable automation software options that might

Payment Portals 95

Payment Portals Credit and Collections Average Days Delinquent Cash Forecasting 95

Due

OCTOBER 26, 2024

The stock market is a fascinating, ever-evolving entity. It’s a dynamic landscape that is influenced by a myriad of factors. One of the most prominent indicators of the stock market’s health and trajectory is the S&P 500, an index that measures the stock performance of 500 large companies listed on the stock exchanges in the United States.

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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

Regal Credit Management

OCTOBER 15, 2024

Photo by John Schnobrich on Unsplash Recently, we have seen a rise in fraudulent letters or email scams being sent to our clients. These letters often claim that the sender has compromising information about the recipient and use fear tactics to demand payment or action. While the threats are typically baseless, the real concern lies in the amount of personal information these scammers have—information they likely obtained from data broker reports.

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Cybersecurity 98

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 102

Cash Applicator Credit and Collections Short Pay Order to Cash 102

Abrigo

OCTOBER 18, 2024

Effective SAR narratives don't just happen Suspicious activity report writing is a skill that needs development. Effective SARs are created through conscious effort and diligence. Learn industry best practices for writing compelling SAR narratives to support your AML/CFT efforts. The importance of comprehensive SAR narrative writing Back in elementary school, most of us were taught that a good story includes the who, what, where, when, why, and how of the events it describes.

Transactions 88

Transactions 88

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 85

Credit Scoring 85

Due

OCTOBER 23, 2024

A Venezuelan television news network owner has been charged by a federal grand jury in the Southern District of Florida for his role in a $1.2 billion scheme to launder funds. The indictment was unsealed after evidence was presented in the Florida courthouse showing that the laundered funds were allegedly corruptly obtained from Venezuela’s state-owned and state-controlled energy company, Petróleos de Venezuela S.A.

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RMAi Blog

OCTOBER 28, 2024

ConServe Earns a Spot on the 2024 Power List for Banking and Finance Rochester, N.Y. – October 28, 2024 – Continental Service Group, LLC d/b/a ConServe, is proud to announce that Pamela Baird, Chief Executive Officer was selected by the Rochester Business Journal’s editorial team as one of “2024 Power List for Banking & Finance” for their 2024 Power 100 list.

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Accounting Department

OCTOBER 22, 2024

In the fast-paced world of small and medium-sized businesses (SMBs) and startups, reliable accounting services are crucial. Recently, a new trend has emerged—accounting firms operated with the help of venture capital funding. On the surface, these services may appear attractive due to their low costs and initial benefits. However, SMB owners, entrepreneurs, and finance professionals need to tread carefully.

Accounting Firms 87

Accounting Firms 87

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

Abrigo

OCTOBER 15, 2024

Day 2 accounting and mark-to-market values How banks and credit unions involved in business combinations can overcome issues related to recognizing income in a changing-rate environment. You might also like this whitepaper, "Valuation and purchase accounting in a dynamic macroenvironment." DOWNLOAD Takeaway 1 An often-overlooked component of purchase accounting for banks and credit unions is the ongoing income recognition tied to mark-to-market values.

Credit Unions 88

Credit Unions CECL 88

Enterprise Recovery

OCTOBER 4, 2024

Effective debt recovery is a cornerstone of financial management. Without an efficient approach to collecting outstanding debts, businesses can suffer from cash flow issues, leading to operational challenges and potential financial instability. Skilled debt recovery ensures that the company can maintain its liquidity, meet its financial obligations, and reinvest in growth opportunities.

Debt Collections 89

Debt Collections 89

Due

OCTOBER 16, 2024

A Virginia-based contractor, Raytheon Company (Raytheon), is set to pay $950m for bribery, export control, and defective pricing cases brought forward by the Justice Department. Ratheon is a subsidiary of defense contracting company RTX, formerly known as Raytheon Technologies Corporation. The Justice Department has conducted extensive investigations into allegations that Ratheon was complicit in a government fraud scheme involving defective pricing on specific government contracts.

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