Sat.Apr 29, 2023 - Fri.May 05, 2023

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Garnet Capital Adds Two Industry Veterans to Support Growth

RMAi Blog

HARRISON, N.Y., May 5, 2023 (Newswire.com) – Garnet Capital Advisors, a leading broker of loan portfolios, is excited to announce the addition of two new professionals to their team: Lauren Falls and Ernesto Diaz. This expansion demonstrates Garnet Capital’s commitment to growth and innovation in an environment where other companies in the sector are facing layoffs.

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Using Collateral to Make the Sale

Your Virtual Credit Manager

The headlines paint a grim picture. Growth is down, interest rates continue rising, small businesses are facing a credit crunch, commercial bankruptcies are skyrocketing and experts see an emerging threat: Washington Post: U.S. economy grew at 1.1% in early 2023, points to ‘significant slowing’ Forbes: Rising Interest Rates Lead To A Small Business Credit Crunch Markets Insider: The credit crunch is here and it could cripple the economy.

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26 Ways to Simplify Your Financial Life – While Saving Astronomical Amounts of Money

Due

Interested in simplifying your financial life? You’re not alone. After all, most people’s finances are too complicated. As a result, other parts of their lives get affected. Procrastination and stress are the results of a messy financial life. Your financial security, independence , and peace of mind can increase when you simplify your finances.

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Sky Business Credit Announces Promotion of Beverly Milici Promoted to Vice President of Operations

Sky Business Credit

DOWNERS GROVE, Ill., May 1, 2023 – Sky Business Credit announced the promotion of Beverly Milici to Vice President of Operations. She will continue to ensure clients are receiving the highest possible level of credit and collections service. In this new role, her responsibilities will be expanded to include more oversite of the credit & operations side of the business as well as more responsibility toward its overall success.

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LTD Financial Services, L.P.; Partners with Skit.ai to Accelerate Revenue Recovery and Improve Collection Efficiency

RMAi Blog

Conversational Voice AI Leader enables LTD Financial Services, L.P.’s seamless transition from legacy processes to fully compliant end-to-end call automation, unlocking unprecedented scale and reach New York, NY (May 04, 2023) Skit.ai, the leading Conversational Voice AI solution provider in the ARM industry, announced its strategic partnership with LTD Financial Services L.P.

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4 Benefits of a Business Bank Account | Incfile

incfile

Too many fiscal responsibilities? Worried about cash flow? If that sounds like you, you're certainly not alone. But opening a business bank account is one simple, headache-free way to combat these stressors and lessen your load.

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How to increase your business profit

Plooto

Entrepreneurs of all walks of life are looking to increase their business profit. After all, if you're not running a profitable venture, then it’s difficult to expand and grow. However, knowing how to increase profitability isn’t always easy. What are the biggest drivers of profit? How do you set and achieve your profit targets?

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Slovin Supports Dozens of Local Artists With New Office Art

RMAi Blog

CINCINNATI, OH – Slovin & Associates , a Cincinnati-based law firm that provides clients with the personal, hands-on accessibility of a small law firm combined with the deep experience of industry veterans, is proud to support dozens of local artists through its new office. As Slovin began looking for ways to make its new office more engaging and inspiring, the team turned to local community artists to showcase their work.

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9 ways schools and education providers can get paid on time

Chaser

Education providers across the globe, from schools to universities, are being threatened by the constant impacts of late payments on their cash flow and resources.

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Retirement and Health Care Costs: What You Need to Know

Due

Every retiree or anyone who is in the process of retiring is concerned about the cost of health care. As reported in T. Rowe Price’s Retirement Savings and Spending Study (2021) , retirees’ top three spending concerns are the following — in order of importance: Paying for long-term care The cost of health insurance Out-of-pocket health care costs According to some of the leading experts, retirement healthcare costs will be astronomical.

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Strategies for decreasing the mental health toll of the AML/CFT field

Abrigo

The importance of mental health in the AML/CFT field The AML/CFT profession can take a toll on mental health due to the responsibilities given to analysts and officers. Here are signs to look for and ways to destress. You might also like this upcoming webinar, "BSA officer’s mindset: A comprehensive look at your AML/CFT program." register now Takeaway 1 The AML/CFT field can be stressful, and it's easy for staff to ignore signs that their mental health is suffering.

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Senior Compliance Advisor, Debra Ciskey joins ARM Compliance Business Solutions, LLC.

RMAi Blog

Birmingham, Alabama – ARM Compliance Business Solutions is excited to announce that Debra Ciskey has joined the company as a Senior Compliance Advisor. In this role, Debra will navigate ARM Compliance Business Solutions’ clients through the ever-changing regulatory compliance requirements of consumer financial laws by enhancing their Compliance Management System through policy development and implementation, training development, service provider oversight, audit controls and risk assessme

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Release 3.4.1

ForwardAI

Date: 24 st April, 2023 ; API release version: v.2.0 The post <a href="[link] 3.4.1</a> appeared first on ForwardAI.

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Credit Management News roundup April 2023

Credit Management Group UK

We hope this blog finds you well. If there is anything you would like to see more of in our round ups from more Credit Management Hints & Tips to help on E-learning webinars let us know: COMMERCIAL CREDIT MANAGEMENT Consultancy boss convicted for Bounce Back Loan fraud Demand for invoice finance predicted to grow SME fintech raises £7m to provide small businesses with instant access to finance Late payments cause cashflow worries for seven in ten businesses REGULATION & COMPLIANCE Cost o

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Unlock Maximum E-Commerce Profits With These 6 Tips on Accounting for Amazon Product Rebates

Accounting Department

A product rebate on Amazon is a type of promotion offered by manufacturers or sellers to incentivize customers to purchase their products. It typically involves offering a partial refund or discount on the purchase price of the product, either at the time of purchase or after the purchase has been made.

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Member Alert: Indiana Enacts Data Privacy Law with GLBA Exemptions

RMAi Blog

On May 1, 2023, Indiana Governor Eric Holcomb signed into law Senate Bill 5 , making Indiana the seventh state to enact a comprehensive consumer data privacy law, following California, Virginia, Colorado, Utah, Connecticut, and Iowa. The law will take effect January 1, 2026. Applicability The law applies to any person that conducts business in Indiana or produces products or services that are targeted to residents of Indiana and that during a calendar year: Controls or processes personal data of

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The Power of Net 30 Vendors That Report to DNB, Experian, Equifax & More

The Red Spectrum

Are you a small business owner looking to establish credit or improve your credit score ? One way to do this is by working with net 30 vendors that report to credit bureaus like Dun & Bradstreet (DNB), Experian, Equifax, and more. As a business owner, keeping track of your credit vendors is essential to the success of your business. However, the process of net 30 vendors reporting can be daunting, especially for those who are new to the world of business credit.

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How to Save $26,000 a Year By Catering Your Family Dinner

Due

You are often advised to stop eating out randomly if you’re looking to save money. But did you know you can save insanely on dine-outs if you know the right tricks to use your credit cards? Usually, average American households spend approximately $3000 every year on dining. Suppose you go out for lunch every Saturday with your family and spend $100 a meal, which is quite a good deal at most American dining establishments.

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15 Cheapest States to Form an LLC | Incfile

incfile

Starting a business can be daunting — and it takes more than just having a low-cost idea or product.

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Corporate Advisory Solutions Celebrates 10th Anniversary Launches New service, Exit Prep

RMAi Blog

Corporate Advisory Solutions (CAS) is honored to be celebrating their 10-year anniversary! Said Michael Lamm, Managing Partner, “When Mark Russell, Managing Partner, and I started CAS all those years ago, we took the “polar bear plunge” into business ownership and never looked back. We told ourselves we are going to build a firm that has a great culture, with transparency at its core, and is centered on offering clients our quality services.

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5 First Steps to Start a Freelance Business

Enterprise Recovery

Estimates say that the number of freelancers entering the marketplace is growing at a compound annual growth rate of 15%. Enterprise company layoffs and the demand for more flexibility after the pandemic are two of many reasons that more people are considering freelancing. If you're ready to hang out your shingle, you definitely want to make sure you're on steady ground, so preparation and planning are necessary.

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Crypto Royalties: How To Earn Long-Term Income From Crypto Investments

Due

The cryptocurrency space suffered in 2022 as the world economy tumbled due to supply chain issues, the ongoing conflict in Ukraine, and soaring inflation rates. Many NFT projects disappeared; we even saw a crypto collapse when Luna crashed. Luna’s landing platform, Anchor, also went down when the entire blockchain was destroyed. That said, there are still some ways to earn money from crypto investments as a long-term investor looking for passive income opportunities.

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How to Choose the Best Credit Card for Your Small Business

The Red Spectrum

Running a small business requires significant investment, whether it is financial or non-financial. However, financial investment is the most essential aspect of any small business venture. A small business credit card is one of the key financial tools that small business owners can utilize to manage expenses. Small business credit cards offer numerous benefits, such as cashback rewards, travel perks, and expense management tools.

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VeriFacts Sponsoring 3rd Annual Run For Brain Health

RMAi Blog

STERLING, IL – VeriFacts , a leading location and employment verification service provider, is proud to announce it is sponsoring the third annual Run for Brain Health on May 20. All proceeds from the run will be donated to the Sauk Valley Area National Alliance on Mental Illness (Nami) , whose mission is dedicated to improving the quality of life for people with mental illness and their families through support, education, and advocacy.

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3 Strategies of Working Capital Financing

Eagle Business Credit

One of the biggest challenges for new and growing companies is managing their working capital. Businesses with slow paying customers can struggle to build enough working capital to build assets as the company grows. One method to help with this issue is through working capital financing. This financing gives you the cash you need to keep things moving while you wait for outstanding invoices to be paid.

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Here’s Why You Should Buy More Stock When the Economy is Collapsing

Due

Bear markets aren’t always financially crippling! Economic downturns are inevitable, and this crisis tests investors’ financial discipline. What differentiates panic sellers from long-term investors is their ‘smart’ tactics to take advantage of a bear market. Investors dread bear markets, and you might still recall how the great recession and the financial crisis of 2008 wiped off investment portfolios by as much as 30%.

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Cut Down on Close Time with Help From Tipalti

Accounting Department

The financial close process involves reconciling all of the company's activity over a set period of time. This process can be completed on a monthly basis, quarterly basis, yearly basis, or any other predetermined period.

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Spire Recovery Solutions in the Veteran Community

RMAi Blog

LOCKPORT, NY – When veterans and brothers Joseph Torriere and Jacob Torriere retired from the U.S. Armed Forces and entered the receivables management industry full-time, they knew they wanted to continue serving by helping other veterans in their families and communities. After researching multiple private nonprofit veteran organizations to get involved in, they were pleased to find several quality choices.

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How to Choose the Best Credit Card for Your Small Business

The Red Spectrum

Running a small business requires significant investment, whether it is financial or non-financial. However, financial investment is the most essential aspect of any small business venture. A small business credit card is one of the key financial tools that small business owners can utilize to manage expenses. Small business credit cards offer numerous benefits, such as cashback rewards, travel perks, and expense management tools.

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Cash Management Strategies for SMBs

Due

When it comes to running a small business, cash management is an essential aspect that often gets overlooked. Unfortunately, many business owners don’t consider the opportunity cost of suboptimal cash management practices. This is particularly true when it comes to managing your business’s idle cash. What exactly is idle cash ? In this context, idle cash refers to the excess cash reserves that a business has on hand, which is not currently being utilized for operations, investments, or other imm