This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
With new laws and regulations often passed at the federal, state, and local levels, the receivables management industry is ever-changing. For organizations like National Credit Adjusters , we spend quite a lot of time supporting RMAI, who is working with local policymakers and stakeholders on approaching fair and safe regulatory change , instead of embracing change for the sake of change.
Happy New Year! As the new year approaches, many of us take pause to review the ups and downs of the year gone by. Publishers are no different, though we like to focus on what piqued the interest of our readers, and then give them more of the same. In our case, we found a continued interest in collection technique and strategy, as well as in fighting credit fraud.
A man from Florida has been sentenced for committing an estimated $67 million in Medicare fraud claims. The Justice Department released details of the jail term for Jose Goyos, a West Palm Beach, Flordia resident. The Federal Bureau of Investigations (FBI) and the Health and Human Services Office of the Inspector General (HHS-OIG) investigated this million-dollar healthcare case.
2025 could be the year for your business to improve and grow, however this relies heavily on how effectively your commercial credit management runs. Therefore, at CMG UK, we have compiled a list of New Years resolutions for your to carry forward into 2025 for the benefit of your business. Improving your commercial credit management in 2025 1. Start as you mean to go on Put a detailed strategy in place for your commercial credit management before Christmas so you can hit the ground running when y
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
This article covers these key topics: How interest rates are shaping 2025 priorities Rate effects on economy, credit risk, allowances Banks and credit unions look to grow deposits A focus on efficiency and lower expenses Top priorities for managing portfolio risk, assets, and liabilities at banks & credit unio ns Abrigo's Advisory Services team and financial institution clients shared their expectations of key focus areas related to credit portfolio risk, ALM, and other topics.
B2B debt collection requires an understanding of effective strategies to mitigate delinquent accounts. This process involves implementing proactive measures so businesses can avoid issues such as unclear credit policies, inadequate communication, and poor documentation practices. Also, technology and professional debt collection services can enhance the ability to recover outstanding debts and maintain healthy financial operations.
To ensure better service to users and a deeper understanding of the challenges faced by credit control professionals, the Chaser team undertook a series of comprehensive training programs with the Chartered Institute of Credit Management (CICM) in 2024. These sessions aimed to enhance Chaser's ability to empathize with credit control professionals, refine internal processes, and shape the product roadmap in alignment with the evolving needs of accounts receivable teams.
To ensure better service to users and a deeper understanding of the challenges faced by credit control professionals, the Chaser team undertook a series of comprehensive training programs with the Chartered Institute of Credit Management (CICM) in 2024. These sessions aimed to enhance Chaser's ability to empathize with credit control professionals, refine internal processes, and shape the product roadmap in alignment with the evolving needs of accounts receivable teams.
Each time you apply for a new revolving account like a credit card, your lender will initiate a hard credit check. That adds an inquiry to your credit report, which can take points off your credit score. If you apply to multiple credit cards at once, youll undergo a hard pull each time. However, thats not always the case with installment debt like a personal loan.
Credit spreads, widely considered a reliable indicator of economic health, have been at their lowest levels since the 1990s economic boom. These spreads are a crucial measure of market confidence and economic stability, offering valuable insights into potential future market movements and recession risks. Understanding Credit Spreads Credit spreads represent the additional interest rate corporations must pay above the risk-free rate when borrowing money.
Many businesses can significantly improve their cash flow by implementing more effective strategies for collections, including adopting more strategic approaches to accelerate B2B payment of invoices. One of the simplest yet most overlooked ways to enhance invoice collection is by taking a proactive approach to sending payment reminders to ensure timely follow-ups and encourage prompt payments.
This article covers these key topics: Holiday risks: Thieves target checks in the mail Financial institutions can educate customers about holiday check fraud A staff refresher on check fraud red flags will help Check fraud detection software, collaboration, and reporting are crucial Check fraud risks during the holiday season Holiday check fraud puts financial institutions and their customers or members at risk.
The IDC MarketScape: Worldwide Accounts Receivable Automation Applications for the Enterprise 2024 is your guide to navigating the rapidly evolving A/R landscape. This comprehensive report evaluates providers in A/R automation, offering valuable advice for technology buyers. Understanding Accounts Receivable Challenges and Opportunities Unlock actionable insights to help your business: Embrace Automation: Learn how today’s solutions improve efficiency and reduce manual tasks Enhance Scalability:
While fewer than 20% of strategic decisions currently leverage AI in the Dutch finance sector, this figure is projected to surge to nearly 50% within the next five years. This is according to the latest Deloitte CFO Survey , based on a sample of over 130 Dutch CFOs from various sectors. The popularity of AI has surged with tools like ChatGPT, highlighting its ability to streamline work processes for some time now.
In today’s fast-paced business landscape, companies are constantly looking for ways to improve efficiency, reduce costs, and optimize working capital. The Emagia Autonomous Finance Platform is a cutting-edge solution that helps organizations achieve these goals by automating and streamlining critical financial processes, particularly in the Order-to-Cash (O2C) cycle.
In This Update Earlier this month, RMAI leadership traveled to Washington, DC, to engage in a series of strategic meetings with industry partners, policymakers, and regulators. Below is a summary of the discussions and outcomes: Collaboration with ACA and NCBA Leadership RMAI President Brett Soldevila, Executive Director Mike Becker, General Counsel & Sr.
The financial industry is experiencing a technological transformation that is reshaping accounts receivable management. Financial and A/R teams are increasingly adopting automation, autonomous finance, machine learning, and artificial intelligence (AI) to enhance their workflows. These advanced technologies are now seamlessly integrated into accounts receivable reporting software, playing a crucial role in optimizing A/R processes, boosting efficiency, and improving overall cash flow for busines
This article covers these key topics: What constitutes elder financial exploitation and why it may be increasing Financial institutions should be familiar with these red flags of elder abuse Enhancing AML programs to account for elder financial exploitation will help Following FinCEN guidance, utilizing fraud detection software, and reporting are crucial Combat elder financial exploitation with tips from FinCEN Demographic considerations and the vulnerabilities of old age put financial instituti
If you have no credit, getting a car might seem out of reach for you, but thats not entirely true. You still have options even with poor credit or no credit history. While financing a car can be more expensive with a bad credit auto loan, there are several ways that you can reduce the impact of a poor credit score. Whether you get a cosigner, improve your credit, or take advantage of special financing, you can overcome the obstacle of financing a car with no credit.
After an investigation, federal authorities have closed an illegal information market and auction site, Rydox. In addition to closing the site, several administrators operating and selling personal data have been charged. Ardit Kutleshi, 26, and Jetmir Kutleshi, 28, are currently under an extradition order from Kosovo. It is alleged that since the creation of the site in 2016, over $230,000 profit has been made by the men, and there have been 7,600 sales of personally identifiable information (P
Emagia is a leading provider of Autonomous Finance Solutions, designed to revolutionize and modernize the way enterprise finance teams operate, particularly in the Order-to-Cash (O2C) cycle. For the Office of CFO, Emagia offers a highly scalable transformative platform that is powered by generative artificial intelligence, machine learning, advanced analytics and cloud technologies to drive highly intelligent self-driving touchless finance operations delivering exponential excellence.
Awards Will Be Presented at the 2025 Annual Conference Nominate an Industry Leader for the Bud Reitzel Award Considered one of the industrys founding fathers and a mentor to so many in the industry, Bud Reitzel brought integrity, innovative thinking, and passion to the industry he helped create. The values Bud instilled at Asset Acceptance and impressed on those with whom he did business are put into practice every day by thousands of industry professionals who knew him, or who work for those wh
Ken Miller founded Liquid Gold Trucking, an oilfield water hauler in the Williston Basin, in 2017. Fast forward to 2023: the business had experienced modest growth, but was slow at the time. After winning a large new contract with long payment terms, he needed cash flow to make payroll and fund further growth. Because we […] The post Liquid Gold Trucking: Fueling 30% Growth in 18 Months With Early Invoice Payments appeared first on FundThrough.
December 20, 2024, Lehi, UT — WareSpace, a leader in warehousing for small businesses, and Lendio, a premier small business lending platform, have announced a strategic partnership that will allow WareSpace to offer small business financing as part of its suite of solutions for Small Business customers. With a commitment to empowering small businesses, WareSpace offers industrial infrastructure through its network of micro-industrial spaces, supporting growth and scalability for small busi
Business lines of credit are one of the most versatile types of business financing. Theyre similar to credit cards in many ways, but their credit limits are often many times higher and interest rates much lower. Because you can draw on them at any time, they can help cover operational expenses in periods of thin margins or low revenues. If youd like to apply for an account, heres what you should know about the typical business line of credit requirements.
Gen Digital Inc. (previously registered as Symantec Corp.) is the subject of a $55.1M court settlement for overcharging the United States government. The resolution to settle False Claims Act (FCA) allegations against the Tempe, Arizona-based company was achieved through a coordinated effort of law enforcement and government regulators. The Civil Division’s Commercial Litigation Branch, Fraud Section, and the U.S.
In today’s fast-paced business world, managing financial operations efficiently is critical for companies that deal with high transaction volumes, complex payment cycles, and diverse customer bases. The Emagia Autonomous Finance Platform offers a game-changing solution, helping businesses across industries automate and streamline their finance operations while improving cash flow and reducing costs.
In the dynamic world of entrepreneurship and business management, every decision you make can significantly impact your business's trajectory. Whether it's choosing between investing in new technology or expanding your product line, the choices are endless and often complex.
ORLANDO, Fla. (December 4, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $30 million accounts receivable credit facility for a New York-based staffing company. As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
Ken Miller founded Liquid Gold Trucking, an oilfield water hauler in the Williston Basin, in 2017. Fast forward to 2023: the business had experienced modest growth, but was slow at the time. After winning a large new contract with long payment terms, he needed cash flow to make payroll and fund further growth. Because we […] The post Liquid Gold Trucking: Fueling 30% Growth in 18 Months With Early Invoice Payments appeared first on FundThrough.
There are countless credit account types on the market today. While none of them can solve your every financing need, a revolving line of credit can come pretty close. Theyre among the most flexible type of funding for businesses and individuals alike. Heres what you should know about them, including what they are, how the different variations work, and how they affect your credit.
A California hospital will pay a $10.25M fine to settle allegations that it breached False Claims Act regulations. The medical facility in the firing line is Oroville Hospital, which is based in Orrville, California. After a prominent whistleblower case, the hospital agreed to pay $10,250,000 to the United States and the State of California to resolve allegations that it knowingly submitted false claims to Medicare and Medicaid.
Creating a comprehensive credit application checklist spreadsheet template is essential for businesses aiming to streamline their credit approval processes and assess customer creditworthiness effectively. This guide provides an in-depth exploration of the key components, benefits, and implementation strategies for such templates. Understanding the Credit Application Checklist Spreadsheet Template A credit application checklist spreadsheet template is a structured tool that assists businesses in
We're happy to announce that AccountingDepartment.com is gearing up for its 11th Vistage ChairWorld event in January! As a proud National Sponsor for the last 11 years, this event holds a special place in our hearts, and we can't wait to reconnect with familiar faces and forge new connections in 2025.
In B2B sales, a signed contract is of immense sanctity. It serves as the cornerstone for ensuring security and trust between business partners. These contracts provide a clear framework for the business relationship, outlining the rights and obligations of each party involved. This assurance is invaluable in fostering a stable and reliable partnership, as it minimizes the risk of disputes and misunderstandings.
This October, the Chaser team gathered in Serbia for an offsite to reflect on the companys 10-year milestone and celebrate as a team. The event blended strategy, team bonding, and celebrations, all underpinned by Chasers core values: Care, Courage, Candor, and Celebration.
People tend to associate credit scores primarily with lenders and credit accounts, but landlords often pull your credit report when you apply for an apartment too. Your credit history is one of the primary factors they use to assess the likelihood that youll keep up with your rent. If they see you have a habit of missing your monthly debt payments, theyll be less likely to lease their property to you.
Unlock Seamless Transactions and Drive Business Growth B2B buying often comes with complexity and friction. TreviPay transforms this experience with over 40 years of expertise in simplifying the order-to-cash process. Our global solutions empower sellers to grow sales, improve cash flow and deliver exceptional buyer experiencesall while reducing risk and increasing loyalty.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
130 
Let's personalize your content