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The world of Accounts Receivable (AR) is evolving rapidly. With increased interest rates and inflation, businesses are facing increasing pressure to collect cash faster. This becomes tricky when businesses also need to maintain excellent customer relationships. For many businesses 2025 calls for leveraging cutting-edge tools and strategies for staying competitive.
At many companies, credit policy is an afterthought. When sales and production goals are set, and then the budget formalized, scant consideration is given to the impact on credit policy. In most companies, sales are given a strong priority over the risk of slow payments and bad debts regardless of gross margins and the resources the credit and collection function can provide to mitigate risk.
Cincinnati, OH The law firm of Slovin & Associates Co., LPA is proud to announce the promotion of Brad A. Council to managing partner, marking a new chapter in the firms continued success. In recognition of this leadership transition, the firm is also unveiling a new name: Slovin & Council, Co. LPA. Randy T. Slovin, the firms founder and previous managing partner, will remain with the firm as a consultant, offering his expertise and guidance during this next phase of growth.
What would you do if you had $180,000?A few might go shopping, splurging on luxurious items and extravagant vacations. Others may invest in the stock market, bonds or even just park their money in a savings account. But what if there was another option? In particular, one that could potentially offer even better returns? Well, that was my friend Larry Ludwig’s dilemma when he came into a significant sum of money.
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.
It can be easy to get frustrated and make assumptions about why your invoices aren't being paid on time. The problem is that your frustration doesn't solve or prevent the situation from happening. After years of recovering delinquent debt for B2B clients, we've identified many reasons behind late or unpaid invoices. Read on to discover the reasons behind unpaid invoices and how to tackle them effectively.
February 2025 TMC Financing, the nations leading SBA 504 lender, is pleased to announce the addition of Andrew Erickson, Senior Vice President, Business Development Officer, serving the Inland Empire. The post Andrew Erickson Joins TMC Financing to Support Small Businesses in the Inland Empire appeared first on TMC Financing.
In todays competitive business environment, maintaining a healthy cash flow is critical. One of the most effective ways to achieve this is by optimizing your operating cycle. The operating cycle plays a critical role in the financial stability of any business. In this article, we attempt to explain the connection between the operating cycle and A/R, identifying bottlenecks, and implementing strategies to improve efficiency, you can achieve faster cash flow and enhanced financial performance.
In todays competitive business environment, maintaining a healthy cash flow is critical. One of the most effective ways to achieve this is by optimizing your operating cycle. The operating cycle plays a critical role in the financial stability of any business. In this article, we attempt to explain the connection between the operating cycle and A/R, identifying bottlenecks, and implementing strategies to improve efficiency, you can achieve faster cash flow and enhanced financial performance.
I talk to entrepreneurs and professionals in their 30s who lament they’ve “gotten so old” and run out of time to invest and retire at a younger age. Remember that financial planning in your 30s doesn’t have to be worrisome. You don’t need to start investing right out of college, and millions of Americans find their financial footing later than that.
Managing accounts receivable (AR) is a critical part of maintaining a companys cash flow, but one of the most significant hurdles in AR management is handling disputes. Customer disputes can delay payments, disrupt cash flow, and consume valuable resources. These disputes may arise for several reasons, including billing errors, discrepancies in terms, or service issues.
The Fair Debt Collection Practices Act (FDCPA) are the federal collection agency laws that protects consumers from abusive, deceptive, and unfair debt collection practices.
Managing finances effectively is the backbone of any successful business. Even minor accounting disruptions can snowball into significant financial issues for small to medium-sized business (SMB) owners and entrepreneurs.
Want to know more about the most brilliant and innovative Credit Management software ? Including real time advanced features for credit management and collection. Discover how to improve Trade.
What is AR aging? An accounts receivable aging report summarizes the age of outstanding invoices and provides insights into the collection status of a company's accounts receivable.
Garnet Capital Advisors, a leader in the national loan sale market, is excited to announce the addition of a new member to its management team: Andrew (Andy) Hagerman. Andy will be an SVP at Garnet, primarily focused on coordination of Garnet’s market leading charged-off business. Andy Hagerman’s Background and Role Andy brings vast expertise to Garnet’s charged-off division.
In this fourth episode, Scarlett Favre-Verand shares two remarkable success stories from credit management consulting. These cases demonstrate how a strategic and rigorous approach to credit.
The basics of confidence scam detection for banks and credit unions As Valentines Day approaches, many people are eager to find meaningful connections. Unfortunately, scammers take advantage of this time to exploit vulnerable individuals through confidence scams, one of the most prevalent and costly types of fraud in the U.S. Key topics covered in this post: How confidence scams work Red flags of a confidence scam Financial institutions' role in prevention Protecting clients, yourself, and you
1. US credit markets faced a peculiar juxtaposition during 2024: tight credit spreads coupled with historically high all-in yields. Could this scenario persist in 2025? There is potential for this scenario to persist. And while tight spreads may warrant some caution, they also reflect a more constructive macroeconomic outlook driven by US economic resilience, a healthy corporate landscape and a Federal Reserve (Fed) easing cycle that is now underway.
Coral Gables, FL February 3, 2025 Pollack & Rosen, P.A. , a leader in legal collections and portfolio management, announces the acquisition of AACANet , a trusted national debt collection network, through its affiliated entity, Gateway Portfolio Services, LLC. This strategic move strengthens Pollack & Rosens ability to provide creditors with enhanced recovery solutions while maintaining the highest standards of compliance and professionalism.
CMG UK have a strong background in construction and many of our clients work in this sector. We often find they have issues getting paid so we have put together a new course designed specifically at this sector. “ How to get paid in construction “ Many of our clients are classed as a subcontractor by their customer (usually a main contractor) regardless of if their provision is covered under the construction scope, because its easier for the QS.
How interest rates have influenced deal structures & valuation Recent moves by the Fed to decrease interest rates have provided some relief from the larger fair value discounts of recent years, potentially giving a boost to more merger activity. Key topics covered in this post: How higher rates and credit risk have affected M&A The impact on fair value of loan portfolios How rates are affecting core deposit premiums When to update fair value marks Higher interest rates and credit risk af
A man from Wisconsin has been charged with selling and smuggling $398,000 in firearms to Saudi buyers. Mark John Buschman was on the receiving end of a six-count-indictment for allegedly exporting firearms and components that enhance firearms without the appropriate license to overseas buyers in Saudia Arabia. Buschman was also scrutinized by prosecuting parties for giving false information and not disclosing contents to federal inspectors.
The patents fortify InvestiNets machine learning-driven technologies to deliver operational excellence and transform client-consumer relationships. GREENVILLE, S.C. InvestiNet, a full-service collections network and leader in data processing and automation for the accounts receivables industry, is proud to announce that it has been granted two U.S. patents.
Based on feedback we have received we have recently developed a 2 nd course to follow on from our SELL out small claims courts live online training. Part 2 has been named Commercial Awareness Training. This course is designed to equip delegates of basic contract law to help you be able to prove your claim should you need to resort to court action to get paid.
What financial institutions need to know before a merger or acquisition The resurgence of mergers and acquisitions (M&A) in the banking sector presents both exciting opportunities and complex financial challenges. With 43% of bank leaders indicating they are likely to acquire another institution by 2025, understanding the nuances of M&A accounting is critical to a successful transaction.
Last week, AccountingDepartment.com Business Development Representative, Luke Backus, attended ADC's 11th Vistage ChairWorld in Orlando, FL! ChairWorld is a place for Vistage Chairs to come together and attend various breakout sessions, networking opportunities, and evening fun to learn new strategies, improve leadership skills, and more.
InDebted , a global leader in digital debt collections, is proud to participate in the upcoming RMAi Annual Conference for 2025. Two of its senior leaders, Kristyn Leffler, Chief Product Officer, and Laura White, Chief Risk & Compliance Officer, will be sharing insights from the InDebted journey at the 3-day conference, shaping the future of digital debt collection compliance and customer engagement.
January has been a busy month of growth at Know-it! We celebrated staff milestones, team events and new processes. Read all about what weve been up to below! Social Selling Masterclass We are always looking to improve our social media presence, so some of the marketing team attended a Social Selling Masterclass at the Radisson Blu in Glasgow. The event showed us how to build our Linkedin presence and share the best informative content for our audience!
Meeting investment accounting and reporting requirements The right technology tools can help institutions manage investment accounting compliance and risk exposure across various investment types. Key topics covered in this post: Compliance risks of investment accounting Reducing "Key Person Risk" A single source of truth for pledging, collateral & risk management Faster closings and better decisions Streamlining regulatory adherence Financial institutions thrive on their ability to manage
For most small and medium business owners, "financial planning" often means juggling cash flow, managing expenses, and optimizing revenues. However, as businesses grow and evolve, financial management becomes more complex, and strategic decisions become increasingly critical.
A couple from Arizona have pleaded guilty to $1 billion in fraudulent healthcare claims. The couple, Alexandra Gehrke and Jeffrey King, both of Phoenix, entered a guilty plea for making false and fraudulent claims to Medicare and other health insurance programs. These programs included Medicare, one of the most frequently used medical and insurance frameworks nationwide.
As a small business owner, one of your top priorities is to obtain capital for your business, sometimes through credit. But whether you’re accepting a business loan, line of credit, merchant cash advance, or any other type of financing, it’s crucial that you read the fine print in your loan documents. One of the things you’ll want to look out for is a clause known as a confession of judgment.
This article covers these key topics: Types of lending needs cannabis companies have to build their businesses Understanding the risks and opportunities of CRB lending The challenges financial institutions face when working to increase cannabis lending How to seize the opportunity with a balanced approach to CRB lending Is lending to CRBs right for your institution?
In today’s fast-paced business environment, efficiency and accuracy in financial operations are paramount. One critical area where businesses can achieve significant improvements is in their accounts payable processes. This comprehensive guide delves into the concept of accounts payable automation, exploring its benefits, implementation strategies, and the transformative impact it can have on organizations.
There’s a common misconception that the road to riches is paved with extreme frugality. While it’s true that saving money is a crucial part of financial health, it’s not the only factor that contributes to wealth creation. The belief that one can become wealthy by merely cutting back on small luxuries like a daily Starbucks coffee is flawed.
As a small business owner, you’ll learn a lot of new jargon and procedures that are unique to the business world. One such term that you may come across is a NAICS (pronounced “nakes”) code. In short, the NAICS code system helps standardize the classification process of businesses throughout North America. Here’s what you need to know about NAICS codes, including how they’re used, whether they impact your business credit score , how to find your code, and more.
Este Lauder have cited “potential tariffs” are the reasoning behind their announcement cutting 7000 worldwide jobs Of course we should always be wary of claims made by businesses when it comes to government policies that could potentially affect them.
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