RMAi Blog

AUGUST 5, 2024

DULUTH, GA – Crown Asset Management , a Georgia-based receivables management firm, proudly supported the Mitsubishi Electric Classic this April. The charity golf tournament took place at TPC Sugarloaf. The Mitsubishi Electric Classic is an annual Champions Tour men’s professional golf tournament featuring players ages 50 and over. Giving back is at the heart of this tournament, with two primary beneficiaries selected annually.

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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.

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

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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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

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Credit and Collections 98

Abrigo

AUGUST 5, 2024

The basics of counterfeit check detection for banks and credit unions Check fraud is surging and technology advances aren't helping. Are traditional methods of detection enough to protect your financial institution from losses? You might also like this webinar, "Tackling operational risks: Strategies for check fraud and ransomware prevention" register Takeaway 1 Financial fraud is becoming more sophisticated in today's world, and counterfeit checks and duplicate check deposits are significan

Credit Unions 78

Credit Unions Cybersecurity CECL Credit Risk 78

Accounting Department

AUGUST 6, 2024

As a business owner, you can face various challenges, from any direction. From staffing woes to cash flow issues and the ever-growing threat of cybercrime, you’re constantly juggling risk and reward to keep your business afloat.

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Small Businesses 86

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

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Order to Cash Credit and Collections Credit Management Credit Application 69

biz2credit

AUGUST 8, 2024

Securing funding is a significant challenge for many minority-owned businesses, who often face disproportionate barriers in accessing financial resources. This article aims to demystify the process of qualifying for minority business loans, offering detailed guidance on eligibility criteria, necessary documentation, and how to enhance your chances of approval.

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Accounting Department

AUGUST 8, 2024

In today’s competitive market, small to medium-sized businesses (SMBs) face the challenge of making strategic decisions with limited resources. One area that often gets overlooked in this equation is Financial Planning & Analysis (FP&A). While it might sound like something reserved for larger corporations with extensive budgets, FP&A is crucial for SMBs aiming to maximize their potential and secure a competitive edge.

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Small Businesses 74

Loomis Sayles Credit Research

AUGUST 8, 2024

Feeling a little queasy after this week’s volatility? You’re not alone. On Monday, 5 August, equity markets tumbled and the Cboe Volatility Index, a measure of market volatility known as the VIX, soared to its highest level since March 2020. [i] Stocks rebounded on Tuesday and while volatility appears to be subsiding for now, many investors are left feeling uneasy about weaker US employment data and the risk of a recession.

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Small Businesses 56

blue dot counseling

AUGUST 8, 2024

There are all sorts of apps and fixed asset modules out there but the simplest way to deal with fixed assets and depreciation is just to get the booking right and then let QuickBooks take care of the rest. The post How to account for fixed assets and depreciation in QuickBooks using recurring journals appeared first on Blue Dot Consulting.

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TMC Financing

AUGUST 9, 2024

An SBA 504 Loan Guide for CRE Brokers: The Optimal Choice for Business Owners Seeking Owner-User Property Navigating traditional lending caps can be challenging for small businesses, especially those in. The post Unlock Unlimited SBA 504 Commercial Real Estate Financing appeared first on TMC Financing.

Small Businesses 52

Small Businesses 52

CreditStrong for Business

AUGUST 9, 2024

A good credit score is the key to unlocking many doors in personal finance. You’ll need a good credit score to access the best credit card accounts, get an affordable car loan, and become a homeowner. Unfortunately, 30.9% of Americans have a subprime credit score. 1 While you can always recover from having bad credit, it’s usually not a short road. Here’s how long you can expect it to take to improve your credit score by 100 points or more, plus everything you need to know to pull it off.

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Credit Scoring Credit Reporting Agencies Credit Card Companies Bankruptcy 52

aptic

AUGUST 9, 2024

Reibungslose Factoring-Prozesse steigern das Betriebskapital von Unternehmen und verbessern die betriebliche Effizienz, indem sie die Lieferkette und den Cashflow optimieren. Es gibt grob gesagt zwei Arten von Software, die Sie für den Factoring-Prozess nutzen können: cloud-basierte Lösungen oder On-Premises-Software. In diesem Blogartikel tauchen wir tiefer in die Welt der Factoring-Software ein und vergleichen cloud-basierte Software mit der On-Premises-Alternative.

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Due

AUGUST 9, 2024

Most people, even those with a limited understanding of finance or investing, recognize that real estate can be a valuable investment, especially when it comes to retirement savings. It can generate positive cash flow, grow rapidly, allow you to take advantage of financial leverage, and even help you insulate against the effects of inflation. But at the same time, real estate can be risky.

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blue dot counseling

AUGUST 8, 2024

There are all sorts of apps and fixed asset modules out there but the simplest way to deal with fixed assets and depreciation is just to get the booking right and then let QuickBooks take care of the rest. The post How to account for fixed assets and depreciation in QuickBooks using recurring journals appeared first on Blue Dot Consulting.

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CreditStrong for Business

AUGUST 9, 2024

What is the Minimum Credit Score for a Car Loan? The good news for those with poor credit is that no standardized minimum credit score requirement exists for obtaining a car loan. However, consumers with scores below 600 will likely encounter interest rates that are two or three times higher than applicants with good credit. Subprime lenders provide car loans specifically for consumers with lower credit scores.

Credit Scoring 52

Credit Scoring Credit Unions Credit Risk 52

Grit

AUGUST 8, 2024

Integrating your BigCommerce store with necessary tools and processes can greatly improve your business operations and customer experience in the quickly changing eCommerce industry. To achieve smooth and effective integrations, choosing the correct BigCommerce integration provider is essential. This article offers a thorough analysis of several leading competitors in the industry as well as detailed guidance on how to select the top BigCommerce integration companies.

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Lendio

AUGUST 8, 2024

SBA loans are managed by banks as well as various online and nonprofit lenders. The Small Business Administration (SBA), which oversees this program, provides annual reports detailing the number of loans approved by each lender. Below, we highlight the SBA lenders that issued the highest number of SBA loans in 2023, categorized by program. Best SBA 7(a) lenders for 2024.

Credit Scoring 52

Credit Scoring Nonprofit Organizations Small Businesses Credit Unions 52

Due

AUGUST 8, 2024

In the current uncertain and rapidly transforming global economic climate , people need resilient wealth management to weather volatility and ensure their finances endure. Building resilience in wealth is more than just the accumulation of assets. It demands a strategic approach to saving, investing, preserving capital, and managing resources. Moreover, there are several stages to building resilience and managing wealth.

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Bad Debt 52

CreditStrong for Business

AUGUST 9, 2024

Starting a business in Texas has been a popular move in recent years since the state boasts the second largest economy in the US. The Lone Star State also gives small business owners impressive tax breaks, which can make a big difference in your bottom line. But there’s still the question of how to get the business funding you need. Using a loan to get working capital for your small business helps you expand, pay for daily expenses, and improve your cash flow.

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Small Businesses Credit Unions Credit Scoring Nonprofit Organizations 52

Chaser

AUGUST 8, 2024

An invoice is a legal document requesting payment for products sold or services rendered. It contains the costs of products purchased or services provided and the expected payment date. Invoices are important for tracking sales, accounting, inventory control, and compliance with business regulations.

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Grit

AUGUST 7, 2024

As Jeff Bezos once said, “We see our customers as invited guests to a party, and we are the hosts.” This mindset is crucial for success in eCommerce. Scheduling ads strategically can make a significant difference in your marketing effectiveness. According to McKinsey , personalization can increase marketing ROI by up to 30% , demonstrating the impact of well-timed and targeted advertising.

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Dashboards 52

Due

AUGUST 8, 2024

Retirement advice articles often focus on accumulating a specific nominal amount of wealth, then controlling expenses so that you never outlive your proceeds. These are valuable points of consideration , but they neglect another important aspect of retirement planning: liquidity and cash management. How much liquidity do you really need in retirement and how should you consider liquidity across your investments?

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Medical Billing Transactions 52

CreditStrong for Business

AUGUST 9, 2024

Small businesses in Florida make up 99.8% of the Sunshine State’s businesses, and they employ 3.6 million Floridians, according to the U.S. Small Business Administration (SBA). If you’re looking to start a new business or expand an existing one, there are plenty of opportunities for financing, both locally and nationally. Local Small Business Loan Options for Small Businesses in Florida If you like the idea of going local, there are plenty of small business loans in Florida to consid

Small Businesses 52

Small Businesses Credit Unions Credit Scoring Nonprofit Organizations 52

Lendio

AUGUST 7, 2024

Small business associations provide many benefits, including networking, training events, information on industry trends, and discounts on items like insurance, office products, training, and conferences. Finding the right associations could be the difference between getting a foot in the door, having emails or calls answered—and can ultimately help you build relationships that change the trajectory of your business.

Small Businesses 52

Small Businesses 52

Reorg Blog

AUGUST 7, 2024

Relevant Document: Earnings Release Liberty Latin America reported $1.118 billion in revenue for second-quarter 2024, unchanged from $1.12 billion in the same period last year. Consolidated adjusted OIBDA for the second quarter was $389.1 million, down 12% year over year.

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AUGUST 7, 2024

In a groundbreaking development that has sent shockwaves through the dental community, a robot has completed the world’s first fully automated dental procedure on a human patient. This technological leap marks a significant milestone in dentistry and could potentially revolutionize how dental care is delivered. The Man Behind the Machine: Edward Zuckerberg, yes, Zuck’s dad Surprisingly, the driving force behind this innovative project is Edward Zuckerberg, father of Facebook founder

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CreditStrong for Business

AUGUST 9, 2024

Running out of funds is one of the most significant dangers to small businesses, and loans can be frustratingly hard to obtain. Only 42% of small businesses managed to qualify for sufficient financing in 2021. If you’re a small business owner in California, here are eight of the best business loans you can use to help meet your funding needs. Local Loan Options for Small Businesses in California State-specific loan options often have smaller applicant pools, and California loan programs are espe

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Small Businesses Credit Scoring Credit Unions Default 52

Gaviti

AUGUST 6, 2024

We are excited to announce the release of several new features and product improvements to Gaviti. Many these additions came from customer requests, so we hope you are as excited as we are. Actions in Bulk Sometimes you have a change in strategy and you need to segment your customers differently. To help with this we have added the ability to mass update flags, tags and custom fields for multiple customers at once.

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Dashboards 52