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.
RMAi Blog
OCTOBER 25, 2024
NORFOLK, Va., Sept. 9, 2024 — PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, has named Adrian Murphy as its global chief data and analytics officer, effective Sept. 16. Murphy will report to PRA Group President and CEO Vik Atal and serve as a member of the senior leadership team. He will lead the continued development of cutting-edge analytic solutions to drive business growth.
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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.
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.
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.
RMAi Blog
OCTOBER 22, 2024
Earlier today, the New York City Department of Consumer & Worker Protection (DCWP) announced that they are going to delay enforcement of the new Debt Collector Rules until April 1, 2025. The announcement came just two business days after a lawsuit challenging the legality of the new rule was filed, which RMAI reported on in an earlier Member Alert.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Due
OCTOBER 24, 2024
A Florida defense contractor faces a prison sentence after being found guilty of multiple charges, including an attempt to defraud the United States. The person in question, Yuksel Senbol, was sentenced for a lengthy list of serious offenses against the nation. The charges included “conspiracy to defraud the United States, conspiracy to commit wire fraud, wire fraud, conspiracy to commit money laundering, money laundering, conspiracy to violate the Export Control Reform Act, and violating the Ar
CreditStrong for Business
OCTOBER 25, 2024
Maintaining the working capital necessary to stay on top of day-to-day expenses is a challenge that all businesses face. However, it can be particularly troublesome for companies that can’t qualify for traditional financing. Cash flow loans are more accessible than many other types of business funding, but they have some significant downsides. Here’s what you should know about them, including how they work, what you need to qualify, and when they’re a good idea.
RMAi Blog
OCTOBER 21, 2024
On Friday evening, October 18, 2024, ACA International and Independent Recovery Resources Inc. filed suit against New York City for declaratory and injunctive relief from the debt collection rule promulgated by the New York City Department of Consumer and Worker Protection (DCWP) on August 12, 2024. RMAI, the National Creditor’s Bar Association, and several other industry participants have contributed both financially and strategically to the efforts.
Enterprise Recovery
OCTOBER 25, 2024
Failing to manage accounts receivable can result in delayed payments, hindering the ability to pay bills, meet payroll, and reinvest in your business. For freelancers and small businesses especially, it is imperative to prioritize strategies that will help keep accounts receivable in check and improve cash flow to meet expenses. Boost the financial stability of your freelance or small business by mastering accounts receivable management for a proactive cash flow.
Accounting Department
OCTOBER 24, 2024
In today's rapidly changing business world, small and medium-sized businesses (SMBs) face numerous challenges, especially when it comes to managing their financial operations efficiently. Many business owners find themselves juggling multiple roles, often at the expense of financial management.
Know-It Global
OCTOBER 24, 2024
Recovering commercial debts globally can be a complex and challenging process, requiring careful planning and strategic execution. International debt recovery involves navigating different legal systems, languages and currencies which can make the task daunting for businesses operating across borders. However, with the right approach and assistance, it is possible to successfully recover international debts.
Chaser
OCTOBER 22, 2024
As Chaser celebrates its 10th anniversary, it's moving to reflect on how far the software and team have come, especially since my first year as CEO. What started as a simple idea to help businesses follow up on overdue invoices has grown into a fully automated accounts receivables platform, helping thousands of businesses around the world to bring their revenue in on time.
Enterprise Recovery
OCTOBER 21, 2024
Do you tense up every time you run your business's aging report ? Instead of feeling helpless about delinquent accounts, you can stay calm and take proactive steps to manage the situation. By adopting a strategic approach, you can implement practical solutions to increase your success at recovering outstanding payments. Tired of chasing overdue invoices?
CreditStrong for Business
OCTOBER 25, 2024
As a small business owner, there’s a good chance you’ll need to secure funding at some point to reach your goals. The need for funding can be pressing from the startup phase and all the way through the life of your business. One out of four businesses cites lack of funding as an obstacle to growing their business according to the U.S. Small Business Administration.
Due
OCTOBER 25, 2024
College admissions has become a high-stakes game with a new player entering the field, stirring up controversy and sparking heated debates. Jamie Beedon, backed by a team of Ivy League scholars, has made it his mission to shape children into the ideal Ivy League candidates. However, this potentially lucrative approach raises serious questions about its impact on children and the broader societal implications.
Reorg Blog
OCTOBER 25, 2024
While LME proponents are often looking to move value away from creditors not in the “deal,” borrowers and sponsors are often looking to increase liquidity and maturity runway.
Credit Tools
OCTOBER 23, 2024
How can a key performance indicator, the best known and most followed, change radically thanks to technology? How can it be more readable, more understandable and more relevant? Find our tutorial on.
CreditStrong for Business
OCTOBER 25, 2024
If you’d like to finance your purchase of an existing business, here’s what you should know to give yourself the best chance of qualifying for the funding you’ll need. Step 1: Choose the Best Business Acquisition Loan for Your Needs Fortunately, you can use many different types of financing to purchase an existing company. Each of them has its own advantages and disadvantages.
Due
OCTOBER 25, 2024
Consumers often decide between national, regional, and credit unions when choosing a bank. Each type of financial institution has its own benefits and drawbacks, which can help you make an informed decision. Here, we’ll explore the pros and cons of banking with regional banks. Pros of Banking with a Regional Bank Personalized Service and Local Expertise Regional banks are known for their strong ties to the communities they serve.
Reorg Blog
OCTOBER 25, 2024
The post Incora/Wesco Uptier Litigants, Debtors Agree ‘in Concept’ on ‘Plan B’ Allowing Company to Emerge While Preserving Appellate Rights appeared first on Reorg.
Commercial Credit Group
OCTOBER 23, 2024
Business was going great, and you needed more equipment to meet demand. You financed that purchase with a loan through CCG. But now business has slowed and you’re struggling to meet your financial obligations. What do you do?
CreditStrong for Business
OCTOBER 25, 2024
Whether you’re founding a new startup or you’re looking to expand, there may come a time as a business owner when you want to buy or update a commercial property. A commercial real estate loan could be a great solution to help you accomplish those goals. Commercial real estate loans can help you secure the funds your business needs to buy commercial buildings, warehouses, undeveloped land, and even apartment complexes.
Due
OCTOBER 25, 2024
Cutting-edge strategies are no longer just buzzwords — they are key to achieving rapid and sustainable growth. Traditional SEO methods and generic content are losing their impact, leaving businesses scrambling for innovative solutions. That’s where Pillar-Based Marketing comes in, a game-changing approach that unlocks incredible potential, maximizes visibility, and drives tangible results.
Reorg Blog
OCTOBER 23, 2024
The post Primary Analysis: Lower-Than-Peer-Average Yield Expected for Almaviva 2030 SSNs Reflects Strong BB Credit Quality; Infopro, Cedacri FRNs Offer More Balanced Risk-Return Profile for Yield Seekers appeared first on Reorg.
Biz2X
OCTOBER 22, 2024
Reading Time: 4 minutes Loans backed by the U.S. Small Business Administration (SBA) have seen significant growth over the last few years, with SBA 7(a) loan volume more than doubling over the last three years. While facilitating an excellent opportunity for small business owners, (SBA) lending also creates an opportunity for banks and lenders. In fact, the competitive edge gained through SBA partnerships enables alternative lenders and smaller financial institutions, like community banks, to si
CreditStrong for Business
OCTOBER 25, 2024
When a new business idea hits you, the impulse to jump headfirst into the world of entrepreneurship is exciting. But before you start selling products and services, it’s best to find out if your business idea is viable first with a little research. Once you research the market, develop a business plan to set yourself up for success. There’s also a small mountain of paperwork to complete for the legal requirements of running a business and protecting your intellectual property.
Due
OCTOBER 24, 2024
An administrative law judge has instructed a Rochester commercial roofing company to pay a $16,782 financial penalty for two serious fall protection and ladder safety violations. The news comes after an extensive Occupational Safety and Health Administration (OSHA) investigation into Elmer W. Davis Inc., which allegedly revealed multiple safety violations.
Reorg Blog
OCTOBER 23, 2024
Cinven is leading bids for Minsait Payments, a division of Spanish IT and defense company Indra Sistemas, with sell-side advisors Citi and AZ Capital targeting a €600 million valuation.
Cpcmcredit Blog
OCTOBER 22, 2024
With the forthcoming expected increase in CGT there have been the inevitable headlines about how this would deter investment in the UK and make us “uncompetitive” It is true that such a move is certainly not going to be a factor in increasing business investment but the question will always be how significant a negative element it will be?
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