RevCycle

AUGUST 22, 2024

Patient access, often overlooked as a mere administrative function, is the linchpin that connects patients to care. It encompasses the systems and processes that determine how easily patients can obtain healthcare services, from finding a provider to scheduling appointments and understanding billing. A well-optimized patient access department is crucial for delivering timely, high-quality care, improving patient satisfaction, and driving financial success.

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Credit Research Foundation

AUGUST 28, 2024

Is leadership a learned or a genetically inherited trait among credit professionals? I’m sure this is a topic that can be debated by some of the brightest minds in the world, but one thing can’t be debated: at the Credit Research Foundation ( CRF ) the brightest minds in the industry gather to educate, network and share their learnings with each other.

B2B Credit 195

B2B Credit Credit Risk 195

RMAi Blog

AUGUST 22, 2024

MINNETONKA, MN – Central Portfolio Control , a professional collection agency located near the Twin Cities of Minnesota, recently took a team outing to support Time on the Water , a charity event to thank Military, first responders, and health care professionals for their sacrifices. Time on the Water provides an all-expenses-paid five-day fishing trip to Lake of the Woods near Sioux Narrows, Ontario to support sponsored local heroes. “Central Portfolio Control is deeply honored to s

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Know-It Global

AUGUST 15, 2024

Managing accounts receivable can often feel like navigating through chaos, especially when dealing with late payments, discrepancies, and inefficiencies. However, with the right tools and strategies in place, businesses can transform this chaotic process into one of control and efficiency. In this blog post, we will explore how Know-it can help bring order to your accounts receivable process, leading to improved cashflow, stronger customer relationships, and overall business success.

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TreviPay

AUGUST 1, 2024

For the second time, Joel Campbell, Chief Financial Officer of TreviPay, has been awarded CFO of the Year for outstanding performance across the Kansas City region OVERLAND PARK, Kan., August 1, 2024 — TreviPay Chief Financial Officer Joel Campbell has been named as the 2024 CFO of the Year by the Kansas City Business Journal. The annual CFO of the Year award program recognizes financial professionals in the Kansas City region for outstanding performance in their roles as corporate financial ste

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Your Virtual Credit Manager

AUGUST 27, 2024

Imagine a world where extending trade credit was completely risk-free, and granting open terms of sale to business customers required no second thought. In such an ideal scenario, every customer would have both the ability and the integrity to pay their bills in full and on time, eliminating any need for a credit management. But reality matches to a different tune.

Accounts Receivable (AR) 100

Accounts Receivable (AR) Default Credit and Collections Cybersecurity 100

Lendio

AUGUST 23, 2024

Okay, so you have bad credit or little credit history and you’re trying to open a business credit card account for your small business… Plenty of successful business owners have launched their companies with bad credit. Here, we take a look at the best business credit cards for bad credit—factoring in terms, rewards, fees, and availability. What is a “bad” credit score?

Small Businesses 98

Small Businesses Credit Scoring Deductions 98

RMAi Blog

AUGUST 22, 2024

Staying ahead of the curve is crucial for businesses to thrive. The journey of the Receivables Management Association International (RMAI) and its Receivables Management Certification Program (RMCP) is a testament to the commitment of the industry to professionalism and excellence. Looking back over the last 12 years since the inception of the RMCP, the RMAI provides valuable insights into the certification program as well as the broader industry landscape.

Law Firms 147

Law Firms Credit and Collections Debt Collections Transactions 147

CreditStrong for Business

AUGUST 21, 2024

Whether you’re looking to cover a short-term supply purchase or you’re financing a long-term expansion, there’s a business loan that can help you through it. You likely already have a specific number in mind, but you’re not exactly sure if you’ll get approved for it. When setting your company up for success, choosing the right type of loan is essential to getting the funding amount you need.

Credit Scoring 98

Credit Scoring Credit Unions Small Businesses Invoice Amount 98

TreviPay

AUGUST 20, 2024

User Centricity at TreviPay TreviPay takes a user-centric approach to product creation. We focus on creating and improving the user experiences to make products easier, faster and smarter for our end users. Understanding the customer, merchant and client point of view is our primary method of improving the overall user experience. We use multiple types of UX research methods to understand the end user’s goals, needs and pain points.

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Your Virtual Credit Manager

AUGUST 11, 2024

Commercial bankruptcies have been surging since mid-2022. Chapter 11 filings, used by businesses hoping to reorganize, have increased by 34 percent in the first six months of 2024 compared to last year. Chapter 7 commercial liquidation filings are up 28 percent and sub-chapter V small business elections are up a staggering 61 percent despite the filing threshold recently being cut in half.

Sub-Chapter V 100

Sub-Chapter V Bankruptcy Credit and Collections Chapter 11 100

Credit Management Group UK

AUGUST 15, 2024

When beginning a commercial debt recovery claim, through your own company or when hiring a specialist debt recovery company, there are aspects that could make or break your claim, and others that we believe are essential for the success of a claim. Your commercial debt recovery claim: Do you know who your customer is? This should be done before any business relationship has begun, therefore should the business relationship reach the point of debt recovery you will have adequate information to pr

Credit Management 98

Credit Management 98

Due

AUGUST 7, 2024

The usual suspects of side hustles include freelance writing, virtual assistance, and ride-sharing. Wouldn’t it be nice if you could do something completely different? What if you had a side hustle that sparked your creativity, tapped into your hidden talent, or just sounded cooler and more lucrative than “content creation?” This post dives into a collection of unconventional side hustles you might not have known existed until this year, each categorized to fit your unique ski

Credit and Collections 98

Credit and Collections 98

RMAi Blog

AUGUST 19, 2024

Committed to Making a Positive Impact in Our Community Rochester, N.Y. – August 19, 2024 – Continental Service Group, LLC d/b/a ConServe, in conjunction with the company’s “Matching Gift Program”, donated its July ConServe Cares proceeds to Action for a Better Community. The ConServe team supports and funds the efforts of numerous local non-profit agencies that strive to make a difference.

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Accounting Department

AUGUST 14, 2024

In today's competitive landscape, small and medium-sized businesses (SMBs) need every advantage they can get to thrive and grow. One powerful tool that can significantly impact a company's bottom line is forecasting.

Small Businesses 94

Small Businesses 94

TreviPay

AUGUST 6, 2024

Price verification ensures adherence to pre-negotiated prices across all distribution channels. For decades, TreviPay’s Contract Price Verification Service has provided price automation, including auditing and correcting point-of-sale pricing for buyers. Why is this so valuable? Being able to guarantee customer pricing tiers with specific pricing, down to the SKU (Stock Keeping Unit) level is instrumental in delivering an outstanding customer experience.

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Your Virtual Credit Manager

AUGUST 6, 2024

Extending credit is standard practice if you are selling to other businesses. In the world of business-to-business (B2B) commerce there aren’t many situations where you can require payment in advance or upon receipt of goods or services. Most commercial enterprises are simply not willing to continue trading without credit terms, making it difficult for any trade credit grantor to generate enough revenue to survive on cash sales.

Bad Debt 100

Bad Debt Credit and Collections Accounts Receivable (AR) Credit Risk 100

Credit Management Group UK

AUGUST 19, 2024

Collection letters can be an extremely useful tool to collect payment, as they tend to carry more weight than emails alone. The key to a successful outcome is in writing effective collection letters that make your customers take notice. The tricks for effective collection letters: Letters should be incorporated into structured collections strategy You will most likely have different collection strategies for each client depending on their risk level.

Credit and Collections 91

Credit and Collections Credit Management 91

Abrigo

AUGUST 13, 2024

10 good podcasts for bank & credit union execs & staff These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. And all release a new episode at least monthly. You might also like this webinar, "How to confidently navigate AI/generative AI" LISTEN Takeaway 1 An estimated 47% of Americans 12 and older listen to at least one podcast each month, Takeaway 2 With 3.4 million podcasts in the world, it can be challenging to weed

Credit Unions 88

Credit Unions CECL Credit Risk Small Businesses 88

RMAi Blog

AUGUST 16, 2024

On August 12, 2024, the New York City Department of Consumer and Worker Protection (DCWP) published its long-awaited amendments to the City’s Debt Collection Rule and an FAQ. DCWP has been working on revisions to this rule since November 2022. It was the subject of two public comment periods which RMAI and an industry coalition submitted detailed responses on December 19, 2022 and November 29, 2023.

Debt Collections 130

Debt Collections Collector 130

Accounting Department

AUGUST 22, 2024

In the dynamic world of small business, staying ahead means constantly measuring and optimizing performance. That's where Key Performance Indicators (KPIs) come in. These metrics help small business owners, entrepreneurs, and startups monitor their progress, identify areas for improvement, and make data-driven decisions. In this blog post, we'll explore the top 10 KPIs every SMB owner should track for sustained growth in 2025.

Small Businesses 91

Small Businesses 91

Enterprise Recovery

AUGUST 23, 2024

Credit management is a vital aspect of financial health for any business, influencing cash flow, profitability, and overall stability. Effective credit management ensures a company can meet its obligations to suppliers, employees, and creditors while maintaining the liquidity necessary for day-to-day operations. Let's explore how strategic credit management can propel your business toward sustained success and stability.

Credit Management 86

Credit Management Debt Collections 86

Your Virtual Credit Manager

AUGUST 2, 2024

Tuesday, August 6, 2024 1:30 PM Eastern Daylight Time (EDT) Learn More & Register Special offer for readers of Your Virtual Credit Manager: This session will discuss how to optimize cash flow and working capital for your enterprise by applying the best collection strategy to each customer. You will learn how to recognize the weaknesses and pitfalls in your current collection process so you can then take steps to strategically collect more overdue funds faster.

Collector 100

Collector Credit and Collections Credit Management 100

biz2credit

AUGUST 27, 2024

Disclaimer: Information in the Business Financing Blog is provided for general information only, does not constitute financial advice, and does not necessarily describe Biz2Credit commercial financing products. In fact, information in the Business Financing Blog often covers financial products that Biz2Credit does not currently offer. Even when they have financing needs, many small business owners … Continue reading "A Guide to Short-Term Business Loans for Small Businesses" The post A Gui

Small Businesses 80

Small Businesses 80

Abrigo

AUGUST 30, 2024

Prepare now for potential changes to FHLBs Capital rules and membership criteria are among the areas where banks could see changes in how the Federal Home Loan Bank system operates. You might also like these popular resources on interest rate risk, liquidity, and CECL. See resources Takeaway 1 The FHLB system faces potential changes in its structure, operations, and mission that could affect financial institutions.

CECL 78

CECL Credit Risk 78

RMAi Blog

AUGUST 15, 2024

Tampa, FL , August 15, 2024 – Inc. revealed this week that Axiom Acquisition Ventures, LLC ranks No. 2083 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses.

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Accounting Department

AUGUST 1, 2024

Running a business is no small feat, and managing finances can be one of its most challenging aspects. It’s no wonder many business owners are lured by the promise of cheap accounting services. If you think you're saving money with these budget options, think again. This post will uncover the hidden costs that could be undermining your business and explain why investing in quality accounting is crucial for long-term success.

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Enterprise Recovery

AUGUST 30, 2024

A business credit score is crucial for your company's financial health and reputation. It reflects your ability to manage credit responsibly and can impact your ability to secure financing, negotiate favorable terms with suppliers, and attract potential business partners. A strong business credit score demonstrates your reliability as a borrower and opens up opportunities for growth and expansion.

Credit Scoring 84

Credit Scoring 84

Reorg Blog

AUGUST 30, 2024

Wheel Pros is preparing for a potential chapter 11 filing as soon as next week after the wheelmaker and distributor missed an interest payment last month.

Chapter 11 75

Chapter 11 Bankruptcy 75

Credit Management Group UK

AUGUST 7, 2024

It is a wide spread misconception that credit management is solely based around the collection of overdue invoices, when in fact the scope of effective credit management encompasses the entire process from order to payment. Anything that happens before payment is received can impact a company’s ability to get paid. To reduce your risk of late payment, or no payment at all, we recommend you have a clear and proactive ‘Order to Cash’ Process, along with procedures that are up to date, relevant and

Order to Cash 70

Order to Cash Credit and Collections Credit Management Credit Application 70