Sat.Feb 15, 2025 - Fri.Feb 21, 2025

article thumbnail

How Ethical, Efficient AI Drives Financial Sustainability and Equity

Due

As artificial intelligence and technology advance in daily life, AI is refining processes and turbocharging corporate growth. Although building AI solutions has many advantages, it also presents an equal number of cautionary factors. The complex nature of AI places an enormous responsibility on those who utilize it. Businesses should not merely emphasize speed and efficiency in the tools they use.

52
article thumbnail

PRA Group and StepChange Advance Financial Inclusion and Consumer Resiliency in UK Parliament

RMAi Blog

Financial community comes together on practical ways to support people in debt NORFOLK, Va., Feb. 20, 2025 PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, and StepChange , the UKs largest debt advice charity, recently partnered to highlight issues impacting people in debt in the United Kingdom. On behalf of the two organizations, The Viscount Chandos hosted a key roundtable debate in the House of Lords chaired by Credit Services Association (CSA)

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

After the Credit Application: Getting to Know Your Customers Even Better

Your Virtual Credit Manager

The better you know a customers, the easier it is to make a correct credit decision. Seldom is a poor decision made when there is ample information. One of the biggest challenges for any credit function is making a valid decision when information is lacking. That’s why standard procedure calls for gathering additional credit information until a comfortable decision can be made.

article thumbnail

Maximizing CECL data for strategic insights

Abrigo

Making the most of data developed for CECL See how banks, credit unions, and other financial institutions can leverage data developed and used for the CECL model for stress testing and strategic insight. Key topics covered in this post: The "burden" of CECL data collection is now a blessing Better comparisons with peers Use prepayment studies for ALM & pricing insight Utilize CECL data for stress testing 5 ways to use data developed for the expected credit loss model As CECL was first being

CECL 78
article thumbnail

Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

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.

article thumbnail

Egg Prices Rise Again

Due

While the national inflation level is at 2.9%, it certainly doesn’t feel that way for many Americans. In February 2025, egg prices have risen again, but this time, to record breaking highs. Egg Prices Rise Yet Again The price of eggs has increased a whopping 53% year over year in January, which is far beyond the average food price increase, which was just 2.5%.

97

More Trending

article thumbnail

Unlocking Business Potential: The Benefits of Accounting and Controller Services for Entrepreneurs

Accounting Department

In the fast-paced world of entrepreneurship and business management, the importance of maintaining impeccable financial records cannot be overstated. Accounting and controller services are the backbone of a well-oiled business machine, guiding entrepreneurs toward clarity and strategic growth.

75
article thumbnail

How AI helps prevent fraud and false positives—without replacing compliance professionals

Abrigo

Artificial intelligence (AI) is transforming fraud prevention AI offers financial institutions a way to reduce false positives, detect fraud faster, and improve suspicious activity monitoring. However, AI is not a substitute for human expertiseits a tool that enhances efficiency and decision-making. When integrated strategically, AI allows BSA and fraud teams to focus on higher-risk cases and conduct more thorough investigations while maintaining complete control over compliance processes.

article thumbnail

Understanding Stock Market Valuations Through Price-to-Earnings Ratios

Due

The relationship between price-to-earnings (P/E) ratios and future stock market returns provides valuable insights for investors seeking to understand market valuations. Historical data demonstrates a clear correlation between P/E ratios at any given time and the subsequent five-year investment returns. The P/E Ratio as a Market Indicator P/E ratios serve as a fundamental metric for assessing whether stocks are expensive or inexpensive in the market.

66
article thumbnail

Pollack & Rosen, P.A. & Gateway Portfolio Services Partner with Harvest Strategy Group to Elevate Industry Standards in Debt Recovery

RMAi Blog

Coral Gables, FL February 10, 2025 Following the acquisition of AACANet , Pollack & Rosen, P.A. (P&R) and its sister company, Gateway Portfolio Services, LLC , have entered into a strategic partnership with Harvest Strategy Group, Inc. to deliver more transparent, data-driven, and compliance-focused debt recovery solutions. This collaboration leverages AACANets national network while integrating Harvest Strategy Groups advanced analytics and compliance-driven portfolio management strat

Law Firms 130
article thumbnail

Sole Proprietor vs. LLC vs. S-Corp

CreditStrong for Business

Your choice of legal entity structure has significant implications for your business. Most importantly, it affects the taxes on your earnings and the degree to which you and any other owners are personally liable for your businesss debts. Heres what you need to know about the differences between operating as a sole proprietor vs. a limited liability company (LLC) vs. an S-Corp to decide which one is right for your business.

Default 52
article thumbnail

What is the 10 Rule for Accounts Receivable? A Complete Guide to Managing Credit Risk Effectively

Emagia

Introduction to the 10 Rule in Accounts Receivable Managing accounts receivable is crucial for maintaining a healthy cash flow and reducing financial risk. One of the widely used guidelines in credit risk management is the 10 Rule for Accounts Receivable. What is the 10 Rule in Accounts Receivable? The 10 Rule states that if 10% or more of a customer’s total outstanding invoices are overdue, the entire account should be classified as high risk.

article thumbnail

Retirement Risk Management: How to Protect Your Nest Egg from Market Swing

Due

Retirement risk management is an integral part of everyones life that should not be taken lightly. Your retirement might seem far away, but preparing and managing your retirement fund is crucial. For you to have a carefree retirement, you will need to be mindful of various factors, such as market fluctuations, financial stability, and risk mitigation strategies.

52
article thumbnail

2025 Training Magazine APEX Awards

RMAi Blog

11 th Consecutive Year Globally Recognized for Unique Training Programs for Employees Rochester, N.Y. February 18, 2025 – Continental Service Group, LLC d/b/a ConServe, a top-performing provider of accounts receivable management services specializing in customized collections solutions, announces that they have once again earned a spot on Training magazines, 2025 Training APEX Awards.

130
130
article thumbnail

Do I Need Small Business Insurance?

CreditStrong for Business

Most types of small business insurances are optional, but your states laws can require specific types of coverage in some situations. However, even when its not mandatory, you should consider getting it anyway. Heres what you need to know to figure out whether you need small business insurance, including the most popular types of policies, when theyre legally necessary, and what can happen if you dont have them.

article thumbnail

Aryza Group Launches Aryza Control into the Canadian Market

Collenda

Aryza Group Launches Aryza Control into the Canadian Market Aryza , a leading provider of financial SaaS solutions, has announced the launch of Aryza Control , an advanced platform designed to help businesses optimise the management of external collection partners in the Canadian market. Aryza Controls centralised platform offers a comprehensive reporting and benchmarking solution that provides complete visibility into an organisation’s collections portfolio.

article thumbnail

Unlocking Your Retirement Potential: A Deep Dive into Life Insurance Retirement Plans (LIRPs)

Due

Financial decisions must balance security, growth, and tax savings to plan for retirement. The Life Insurance Retirement Plan (LIRP) is a lesser-known tool yet powerful for retirement planning. In contrast to traditional retirement accounts such as 401(k)s and IRAs, LIRPs use the cash value from permanent life insurance policies to provide tax-advantaged income.

article thumbnail

Can Accounts Receivable Be Automated?

Emagia

In today’s rapidly evolving financial landscape, businesses are continually seeking ways to enhance efficiency and optimize cash flow. One critical area ripe for innovation is accounts receivable (AR) management. The question, “Can accounts receivable be automated?” is not only pertinent but also essential for organizations aiming to streamline operations and maintain a competitive edge.

article thumbnail

Artificial Intelligence (AI): Simulating Human Intelligence, Transforming Our World

TreviPay

AI has evolved from a science fiction concept to a fundamental pillar of modern technology. Its transforming industries, particularly in financial services, where the balance between progress and risk is more precarious than ever. AI’s ability to replicate human intelligence is opening up new efficiencies and insights once thought impossible. However, like any transformative technology, AI also has its darker side.

article thumbnail

Credit Compass: Mapping the Markets as Conditions Evolve

Loomis Sayles Credit Research

Fixed income investors are navigating the delicate balance between a supportive macroeconomic environment and tight spreads. Geopolitical risks and other variables loom ahead. Where will the economy and markets go from here? Click the image below to learn how our investors are thinking about credit markets, opportunities and risks in the coming months.

52
article thumbnail

Cloud accounting and AI may not a good accountant make

blue dot counseling

Make sure your accountant knows what they're doing because the best golfers don't have to use the latest clubs, but they do need to know how to play golf The post Cloud accounting and AI may not a good accountant make appeared first on Blue Dot Consulting.

52
article thumbnail

How Do You Keep Track of Accounts Receivable?

Emagia

Managing accounts receivable (AR) is crucial for maintaining a healthy cash flow and ensuring the financial stability of a business. Effective tracking of AR involves implementing clear processes, utilizing appropriate tools, and regularly monitoring key performance indicators (KPIs). This comprehensive guide delves into the best practices, tools, and strategies to efficiently manage and track your accounts receivable.

article thumbnail

Redefining B2B Payments: TreviPay’s Vision for a Frictionless Future

TreviPay

In the fast-paced world of B2B commerce, companies thrive when they can focus on their core mission of creating, selling and delivering exceptional products and services. Yet, for too long, the burden of managing accounts receivable (A/R) has slowed businesses down, diverting valuable resources and attention toward tasks no one envisioned when starting their enterprise.

article thumbnail

Cruising Through Retirement: The 10 Best Cruise Lines for Seniors and Retirees

Due

New adventures await you after retirement. And what better way to explore the world than on a luxurious cruise? Providing comfort, convenience, and life-enriching experiences for seniors, cruising offers a variety of options tailored to their needs and interests. Let’s examine the top ten cruise lines for seniors to discover what makes them unique and why they might be the perfect fit for your next vacation. 1.

94
article thumbnail

AI as a game changer: Leapfrog to banking excellence

Abrigo

This article covers these key topics: The central value of AI for banking Efficiency vs. effective: Why it matters Workflows and transforming processes with AI Additional elements for a successful AI strategy Taking your institution directly to best in class with the right AI strategy An AI strategy will unlock the greatest value for banks and credit unions when the strategy aims for bold, audacious goals rather than incremental efficiency gains.

article thumbnail

Top 9 Benefits of Accounts Receivable (AR) Automation

Emagia

In today’s rapidly evolving financial landscape, businesses are continually seeking ways to enhance efficiency, reduce operational costs, and improve cash flow. Accounts Receivable (AR) automation has emerged as a pivotal solution, transforming traditional AR processes through technological advancements. This comprehensive guide delves into the top nine benefits of AR automation, providing insights into how it can revolutionize your financial operations. 1.

article thumbnail

5 Steps to Protect Your Business from Unexpected Accounting Disruptions

Accounting Department

Accounting disruptions can strike without warning. Whether its a provider suddenly shutting down, platform glitches, or other unforeseen issues, these disruptions can leave your business scrambling. With cases like the sudden closure of Bench, which left businesses without their books, its more apparent than ever that entrepreneurs and business owners need a plan to safeguard their financial processes.

article thumbnail

How to Terminate a Client Contract Professionally

Enterprise Recovery: Accounts Receivable

Ending a client relationship is never easy, as it often involves navigating complex emotions and potential conflicts. However, handling the situation with professionalism and tact can significantly preserve your reputation and safeguard future business prospects. By approaching the termination with a clear strategy and respectful communication, you demonstrate integrity and reliability, which are highly valued qualities in the business world.

60
article thumbnail

Payro Selects Lendio to Expand Financing Offerings for Small Businesses

Lendio

New partnership with Lendio enables Payro Finance to offer expanded coverage for small businesses seeking financing solutions. Feb 18, 2024, Lehi, UT Lendio, the leading small business lending marketplace, and Payro Finance, a top-rated business finance company serving small and medium-sized businesses, today announced a new partnership to expand Payros financing options.

article thumbnail

Best Accounts Receivable (AR) Automation Software Vendor

Emagia

In today’s fast-paced business environment, efficient management of accounts receivable (AR) is crucial for maintaining healthy cash flow and ensuring the financial stability of an organization. Manual processes can be time-consuming and prone to errors, leading to delayed payments and strained customer relationships. To address these challenges, many companies are turning to accounts receivable automation software.

article thumbnail

Understanding the Complex Relationship Between Fed Rates and Mortgages

Due

A significant shift occurred in the mortgage market today, September 19, when the Federal Reserve’s interest rate cut coincided with an unexpected surge in mortgage rates. This event highlighted a common misunderstanding about the relationship between Federal Reserve actions and mortgage rates. The Federal Reserve’s Role in Interest Rates Many people incorrectly assume that the Federal Reserve directly controls mortgage rates.

52
article thumbnail

Working at Onguard: Meet Stijn 

Onguard

Persistent, motivating, and passionate: these are the words his friends use to describe him. He is one of the main actors in the success of CreditY , he has a passion for politics and, in his free time, he teaches children about the importance of financial independence. Meet Stijn Horlings, Customer Success Manager at Onguard! From customer service to customer success Stijns first real job was in the crypto world.

article thumbnail

Manufacturing Track: The Future of Digital Transformation in B2B

TreviPay

The Manufacturing Track at TreviPay Crossroads focused on how manufacturers can optimize their order-to-cash workflows, leverage AI and automation and enhance marketplace strategies to improve efficiency and drive revenue. With insights from Accenture, IDC and Payments+Partnerships, industry leaders shared best practices for streamlining operations and delivering a seamless B2B purchasing experience.

article thumbnail

How to Choose the Best Accounts Receivable Software

Emagia

Selecting the right accounts receivable software is crucial for optimizing your business’s financial processes and ensuring a healthy cash flow. This comprehensive guide will walk you through everything you need to know to make an informed decision. Introduction to Accounts Receivable Software Understanding the fundamentals of accounts receivable software is the first step in choosing the best solution for your business.